Movement Alert｜SICC Falls 5.45% in Regular Trading, Annual Report Inquiry Response Confirms Full-Year Loss Combined with Discount Block Trades

Market Focus06-29

On June 29, SICC (02631.HK) fell 5.45% in regular trading, trading at 96.2 HKD/share, with turnover of 228 million HKD.

On the news front, the company recently disclosed its response to the annual report regulatory inquiry letter, confirming that 2025 revenue was 1.465 billion yuan, down 17.15% year-over-year, with net loss attributable to shareholders of 208 million yuan. Gross margin declined 12.85 percentage points to 13.05%, while Q4 single-quarter loss reached 209 million yuan. Although the company stated that Q1 revenue and gross margin have improved sequentially with orders on hand reaching 240 million yuan, fundamental weakness continues to pressure valuation.

Additionally, multiple discount block trades were recorded in recent sessions, including transactions at 10% discounts on June 24 and June 25, adding selling pressure. The stock had accumulated significant gains from its 52-week low prior to this decline, intensifying short-term profit-taking. Morgan Stanley previously raised its target price to 106.6 HKD, maintaining an Overweight rating.

(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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