On September 30, ILUVATAR COREX fell 3.15% in regular trading, trading at HK$114.5/share, with turnover of HK$52.99 million. The stock continued its post-capitalization issuance weakness amid persistent supply pressure and growing scrutiny over earnings quality.

On the news front, the company completed a capitalization issuance on September 22, distributing two new shares per existing share, adding approximately 520 million shares and expanding total share capital to 808 million shares. The significant expansion in float has created sustained short-term supply pressure that remains under digestion. Additionally, while the company's interim results showed revenue surging 191.6% year-over-year to RMB 946 million with adjusted net profit turning positive at RMB 246 million, market participants have flagged that excluding RMB 760 million in fair value gains recognized during the period, the company would still be in a loss position. GPU business gross profit remains insufficient to cover R&D expenditure, raising questions about the sustainability of the reported turnaround.

Within the Semiconductors sector, SMIC was up 0.08%, HUA HONG GRACE up 0.28%, GIGADEVICE down 0.21%, MONTAGE TECH down 1.22%, and BIREN TECH down 1.34%.

(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.)