On August 17, ILUVATAR COREX declined 3.16% in regular trading, trading at HKD 399.0/share, with turnover of HKD 226 million, notably underperforming the broader semiconductor sector which was trending upward.

On the news front, while the company issued a positive profit alert on August 13 projecting H1 net profit of RMB 60 million to RMB 140 million versus a net loss of approximately RMB 609 million in the prior year period, the market has questioned the quality of the turnaround. The profit was primarily driven by fair value gains of RMB 7.3 billion to RMB 7.9 billion on financial assets — specifically unrealized gains from a Shanghai-listed equity investment — rather than improvements in core GPU business operations. Additionally, the market continues to digest valuation pressure from a roughly 15% discount placement raising HKD 7 billion in mid-July and cornerstone investor lock-up expiry overhang. Within the semiconductor sector, peers SMIC rose 2.75%, HUA HONG GRACE gained 3.0%, and GIGADEVICE climbed 3.33%.

(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.)