On September 2, REALORD TECH fell 5.31% in regular trading, trading at HK$9.35 per share, with turnover of approximately HK$61.68 million. The decline follows consecutive sessions of strong gains, with the stock having risen roughly 5.6% on August 31 and 5.5% on September 1.
The recent rally was driven by the company's interim results released on August 28, which showed gross profit rising 18.39% year-over-year to HK$76.78 million for the six months ended June 30, supported by increased contributions from property, environmental protection, and Latin America & Caribbean segments, as well as higher copper prices boosting the environmental protection segment's margins. Total revenue edged up 0.4% to HK$278 million. However, the company still recorded a net loss of HK$475 million, with a loss per share of HK$0.32225, though the loss narrowed approximately 4.2% compared to the prior-year period. Sales costs fell roughly 5% while administrative expenses declined about 15.4%.
Following the multi-session rebound, profit-taking sentiment combined with the overhang of continued substantial net losses appears to have triggered the pullback in today's session.
(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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