Movement Alert|Baize Medical Falls 8.26% in Regular Trading, Continued Selling Pressure from Lock-up Expiry and Large Custody Transfers

Market Focus15:55

On July 3, Baize Medical (02609.HK) declined 8.26% in regular trading to HK$3.33, with turnover of HK$172 million, extending its sharp selloff following a 21% plunge on June 30.

The continued decline is driven by the company's final batch of lock-up share expiry on June 24, involving 396 million shares (30% of total equity) held by controlling shareholder Xu Xu. Additionally, two large custody transfers in mid-June intensified market concerns: on June 11, a shareholder deposited 295 million shares into CITIC Securities Hong Kong (22.39% stake), and on June 12, another 684 million shares were deposited into Futu Securities International Hong Kong (51.86% stake). These moves are widely interpreted as preparation for potential disposals.

Fundamentally, the company reported full-year revenue of RMB 1.12 billion, down 5.8% year-over-year, with a net loss attributable to shareholders of RMB 13 million. The revenue decline was primarily driven by reduced hospital business income and lower pharmaceutical supply revenues.

(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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