On July 29, XTALPI fell 5.06% in regular trading, trading at HKD 6.76/share, with turnover of HKD 218 million. The decline extends a multi-day selloff triggered by the company's profit warning issued on July 24.
According to the filing, XTALPI expects a net loss attributable to shareholders of RMB 215 million to RMB 275 million for H1, compared with a net profit of RMB 82.8 million a year earlier, representing a sharp swing to loss. Revenue is expected at RMB 380 million to RMB 400 million, down significantly from RMB 517.1 million in the prior-year period, primarily due to the absence of a $51 million upfront payment from the DoveTree pipeline licensing project recognized last year. The company noted it received a second milestone payment of $19 million under that agreement during the current period.
Additionally, R&D expenses are projected at no less than RMB 340 million, a year-on-year increase exceeding 50%, driven by continued investment in autonomous laboratories, agentic systems, and drug development programs, further compressing profit margins. Selling pressure has persisted since the profit warning.
(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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