On September 7, MININGLAMP-W declined 5.19% in regular trading, trading at HK$49.8 per share, with turnover of approximately HK$168 million.

The pullback followed a sharp post-earnings rally that saw the stock surge over 21% on September 1 and gain a further 7.2% on September 4, driven by strong interim results showing revenue of RMB 7.6 billion (up 18.0% year-over-year) and a 68.5% narrowing of net losses. Agentic Services revenue soared 605.7% to RMB 171 million, lifting its revenue share from under 4% to 22.5%. The current retreat is primarily attributed to short-term profit-taking as traders locked in gains from the recent rally.

Adding to the selling pressure, 124 million shares — representing 85.4% of total issued shares — were released from lock-up on July 31, creating a persistent overhang. With limited average daily turnover, the market lacks sufficient buying capacity to absorb large-scale selling, increasing pullback risk after each rebound.

(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.)