Movement Alert｜ILUVATAR COREX Falls 3.83% in Regular Trading, H-share full circulation filing remains in focus

Market Focus10-26 09:32

On October 26, ILUVATAR COREX fell 3.83% in regular trading, trading at HK$72.3, with turnover of HK$7.73 million.

The main catalyst in public information is the company’s previously submitted H-share full circulation filing, which would convert 27.647 million unlisted shares into H shares, representing about 3.42% of total issued share capital, keeping potential float expansion and liquidity changes in market focus.

Recent background shows the company also launched its first 144-card supernode solution, which had earlier supported inference-computing expectations. However, more recent market discussion has centered on the possible impact of the H-share conversion on trading dynamics. Fundamentally, the company reported first-half revenue of RMB946 million, up 191.6% year over year, and adjusted net profit of RMB246 million, reversing from a loss.

(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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