On September 10, ILUVATAR COREX fell 3.73% in regular trading, trading at 318.8 HKD/share, with turnover of approximately 108 million HKD. The stock has now declined over 29% in the past month, extending a prolonged adjustment.

The decline comes as the market continues to digest the company's interim results, which revealed a sharp gross margin contraction from 50.1% to 17.2%, primarily dragged by semiconductor components sold below cost and inventory impairments. While H1 revenue surged 191.6% year-over-year to 946 million yuan and adjusted net profit reached 246 million yuan, marking a turnaround from losses, the deterioration in profitability quality has weighed heavily on sentiment. CMBI previously lowered its target price from 878 HKD to 872 HKD, maintaining a buy rating but flagging the margin headwinds. The broader semiconductor sector also traded weak, with SMIC down 1.77% and HUA HONG GRACE down 0.99%, adding further 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.)