Movement Alert|SIGENERGY Falls 3.86% in Regular Trading, Cornerstone Investor Lockup Expiry Approaching Pressures Stock

Market Focus
Sep 25

On September 25, SIGENERGY fell 3.86% in regular trading, trading at 301.8 HKD/share, with turnover of approximately 26.93 million HKD, extending losses from the prior session.

On the news front, cornerstone investor Jianyin International's restricted shares are set to exit their lockup period on October 15, with an unlocking scale of approximately 2.192 billion yuan, representing 4.77% of H shares outstanding. The anticipated selling pressure has continued to weigh on the stock over recent sessions. The stock had previously staged a rebound of over 10% across five trading days, but has now given back those gains over two consecutive sessions, falling below its IPO price of 324.2 HKD and trading at roughly half of its listing-day high of 666.302 HKD.

Fundamentally, the company reported strong first-half results, with revenue of 9.874 billion yuan, up 261.2% year-over-year, and adjusted net profit of 2.485 billion yuan, up 135.8%. Multiple brokerages have issued buy ratings, with target prices ranging from 500 to 601 HKD. The company was also included in the Hang Seng Composite Index effective September 7, and recently co-established a 500-million-yuan grid-side independent energy storage development fund.

(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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