On August 28, HBM HOLDINGS-B fell 5.03% in regular trading, trading at HK$15.44, with turnover of HK$53.28 million.
The decline follows the company's interim results released on August 27, which showed first-half revenue of US$122 million, up 20.9% year-over-year, but net profit of US$64.85 million, down 11.16% from the prior year period. The profit erosion was primarily driven by a 64.6% surge in R&D costs from US$17.96 million to US$29.60 million, and a 126.3% jump in administrative expenses from US$7.36 million to US$16.67 million, largely attributable to increased headcount costs and litigation-related fees.
While molecular licensing and collaboration revenue grew to US$113 million, the significant expansion on the cost side compressed margins, prompting a negative market reaction to the revenue-profit divergence pattern. The company reported an operating margin of 54% and gross margin of approximately 95.2% for the period.
(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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