Movement Alert|AKESO Falls 6.32% in Regular Trading, Profit-Taking After H1 Results Still Show Loss Despite 28% Revenue Growth

Market Focus08-28 09:31

On August 28, AKESO fell 6.32% in regular trading, trading at 92.55 HKD/share, with turnover of HKD 188 million. The decline came after the company reported interim results showing continued losses, triggering profit-taking following a 14% rally over the prior two trading days.

AKESO posted H1 revenue of RMB 1.806 billion, up 27.92% year-over-year, driven by commercial sales of RMB 1.803 billion (+28.65%). The attributable loss narrowed 24% to RMB 447 million from RMB 570 million a year earlier, with loss per share at RMB 0.46 versus RMB 0.64 previously. Operating cash flow turned positive at approximately RMB 290 million, and sales expense ratio improved to 43.56% from 47.80%.

The stock had surged over 14% across August 26-27 after ivonescimab achieved the primary OS endpoint in a Phase 3 biliary tract cancer trial and ahead of earnings release. Despite improving fundamentals, the company remains unprofitable, prompting investors to lock in gains after the catalysts materialized.

(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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