On September 3, BIREN TECH fell 3.23% in regular trading, trading at HKD 41.86 per share, with turnover of HKD 277 million. The stock entered a short-term correction channel following a post-earnings rally that saw shares surge over 18% on the first trading day after results were released.
The company reported H1 revenue of RMB 1.236 billion, representing a 1,997.6% year-over-year increase — nearly 20 times the prior-year period — with half-year revenue already surpassing the full-year total for the prior fiscal year. Gross margin improved to 42.7%, up 10.8 percentage points, while the net loss narrowed sharply to RMB 377 million from RMB 1.60 billion, a 76.4% reduction. The company has also locked in sufficient supply chain capacity, with inventories reaching RMB 1.215 billion and prepayments surging 230% to RMB 1.534 billion.
Adding to near-term selling pressure, Morgan Stanley trimmed its stake from 5.05% to 4.75% on August 26, signaling short-term profit-taking. Within the semiconductor sector, performance diverged, with peer ILUVATAR COREX rising 3.97% on the same session. Caitong Securities maintains an Outperform rating, noting the company has entered a phase of scaled delivery.
(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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