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Hidili Industry International Development Limited ( (HK:1393) ) just unveiled an announcement.
Hidili Industry International Development Limited has announced updates on its action plans to address a Disclaimer of Opinion issued by its auditors due to concerns about the company’s going concern status. The company is actively negotiating with a PRC financial institution and other lending banks to restructure its debts, including waiving parts of the principal and extending repayment terms. Additionally, Hidili reported an 11% increase in raw coal production for the third quarter of 2025 and aims for a 20% increase in the fourth quarter through mechanized mining and optimized production processes. The company is also implementing cost controls and exploring asset disposals to improve cash flow.
More about Hidili Industry International Development Limited
Hidili Industry International Development Limited is a company incorporated in the Cayman Islands, primarily engaged in the coal industry. The company focuses on the production of raw coal and is listed on the Stock Exchange of Hong Kong Limited.
Average Trading Volume: 991,532
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$267.1M
See more insights into 1393 stock on TipRanks’ Stock Analysis page.