On September 23, ILUVATAR COREX fell 5.24% in regular trading, trading at 132.0 HKD/share, with turnover of 54.92 million HKD. The decline was primarily triggered by the official listing of newly issued capitalized shares, which sharply expanded the stock's circulating supply.

On September 22, the company completed a capitalization issuance approved by a special resolution at its extraordinary general meeting on September 10, distributing two new shares for every one existing share held by all shareholders. Approximately 520 million new shares were issued, bringing total share capital to 808 million shares. These new shares commenced trading on September 23, resulting in a concentrated release of short-term supply pressure.

Market analysts also noted that the company's first-half turnaround to a net profit of RMB 106 million was largely underpinned by RMB 760 million in fair value gains from listed equity holdings, with core GPU operations still in a loss-making position after stripping out this non-recurring item. Compounded by a 6.51% rally in the prior session that built up profit-taking demand, multiple factors converged to weigh on the stock.

(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.)