On September 30, SIGENERGY fell 3.01% in regular trading, trading at HK$303.4/share, with turnover of HK$8.367 million, extending its recent downtrend.

On the news front, the lock-up period for shares held by cornerstone investor CICC International is set to expire on October 15, with the shares becoming eligible for trading from October 16. The unlocked tranche is valued at approximately RMB 2.192 billion, representing 4.77% of total H shares. As the unlock window draws near, market concerns over concentrated selling pressure have continued to weigh on sentiment and erode investor confidence.

The stock has now fallen below its IPO price of HK$324.2, and has roughly halved from its listing-day high of HK$666.302. While multiple brokerages — including CICC, Soochow Securities, and CLSA — have issued buy-equivalent ratings with target prices ranging from HK$400 to HK$601, the near-term overhang from the impending share unlock continues to dominate trading dynamics. The company reported strong H1 results with revenue of RMB 9.874 billion, up 261.2% year-over-year, and adjusted net profit of RMB 2.485 billion, up 135.8%, though fundamentals have yet to offset short-term technical pressure.

(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.)