On October 2, ILUVATAR COREX fell 3.02% in regular trading, trading at 103.6 HKD/share, with turnover of approximately 26.13 million HKD. The stock has been in a sustained pullback since new shares from its capitalization issue began trading on September 23.

On September 22, the company completed a capitalization issue at a ratio of two new shares per existing share, distributing approximately 520 million new shares and expanding total share capital to 808 million shares. The significant increase in free float has created persistent short-term supply pressure that continues to weigh on the stock. Additionally, while the company reported interim revenue of 946 million yuan (up 191.6% YoY) and an adjusted net profit of 246 million yuan, the market noted that excluding 760 million yuan in fair value gains from listed equity holdings, the company remains in a loss position, with GPU business gross profit still insufficient to cover R&D expenditure of 559 million yuan.

The broader semiconductor sector traded weak, with Biren Tech down 3.16% and SMIC down 1.07%, amplifying downside momentum through sector-wide selling 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.)