On June 25, Innoscience (02577.HK) declined 3.54% in regular trading, trading at HK$67.2/share, with turnover of HK$222 million. The stock has now posted consecutive days of weakness, significantly underperforming the broader semiconductor sector.
On the news front, director Luo Weiwei sold approximately 289,000 shares on June 10 and 11, while China Merchants Bank and its subsidiary CMB International collectively reduced their long positions by approximately 1.4931 million shares in early June. Multiple rounds of insider and institutional selling, combined with the company remaining in a loss-making phase, have continued to suppress market sentiment.
Within the Semiconductors sector, the stock markedly lagged peers. Among sector constituents, SMIC rose 4.07%, HUA HONG GRACE rose 3.07%, GIGADEVICE rose 9.17%, MONTAGE TECH rose 6.69%, and ILUVATAR COREX rose 4.82%. Innoscience reported an annual net loss of approximately CNY 1.046 billion with a gross margin of -19.48%, reflecting ongoing profitability challenges as the company continues to invest heavily in GaN semiconductor capacity expansion.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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