On September 4, ILUVATAR COREX fell 3.08% in regular trading, trading at 389.4 HKD/share, with turnover of HKD 269 million. The decline came as market skepticism over the company's interim earnings quality continued to weigh on the stock, compounded by broad-based weakness across the semiconductor sector.

The company reported H1 revenue of RMB 946 million, up 191.6% year-over-year, with net profit of RMB 106 million marking a turnaround from a RMB 609 million loss a year earlier. However, the profit swing was largely attributed to approximately RMB 760 million in unrealized gains from an equity investment in Shenghe Jingwei. Stripping out that component, the core business remained in a loss position. Meanwhile, gross margin contracted sharply from 50.1% to 17.2%, driven by below-cost sales of semiconductor components and inventory write-downs. CMB International lowered its target price from HKD 878 to HKD 872 while maintaining a Buy rating, and revised down gross margin forecasts for the full year.

The broader semiconductor sector also declined, with HUA HONG GRACE falling 7.6%, GIGADEVICE down 1.11%, and SMIC down 0.66%, amplifying sector-wide selling pressure on ILUVATAR COREX.

(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.)