Movement Alert｜ILUVATAR COREX Falls 3.63% in Regular Trading, H-share Full Circulation Filing Remains in Focus

Market Focus10-23

On October 23, ILUVATAR COREX fell 3.63% in Regular Trading, trading at HK$70.75, with turnover of HK$60.60 million.

The move was accompanied by continued market focus on the company’s previously filed H-share full circulation application, involving the conversion of 27.647 million unlisted shares into H shares, representing about 3.42% of total issued share capital, which has kept potential float expansion and liquidity impact at the center of short-term trading.

Background context shows the company submitted the filing on October 16. The stock had also recently drawn attention after unveiling its TianGai 300 IXL144 ultra-node solution, but the latest trading narrative has been more concentrated on share circulation changes. Fundamentally, first-half revenue reached RMB 946 million, up 191.6% year over year, while adjusted net profit was RMB 246 million, reversing from a loss a year earlier.

(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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