Movement Alert｜ILUVATAR COREX Falls 3.24% in Regular Trading, H-share Full Circulation Filing Remains in Focus

Market Focus10-22

On October 22, ILUVATAR COREX fell 3.24% in Regular Trading, trading at HK$77.25, with turnover of HK$18.04 million.

The main catalyst in focus was the company’s previously submitted H-share full circulation filing, which continued to draw market attention to potential changes in tradable float and short-term liquidity pressure.

Background details show the filing involves converting 27.647 million unlisted shares into H shares, representing about 3.42% of total issued share capital. While the company recently launched its first single-cabinet 144-card supernode solution, a product viewed by the market as supportive for inference-computing demand, the latest trading reaction suggests near-term funds were more focused on float expansion than on product optimism. Earlier disclosed interim results showed revenue of RMB946 million, up 191.6% year on year, and adjusted net profit of RMB246 million, marking a return to profitability.

(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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