Movement Alert|ILUVATAR COREX Rises 3.39% in Regular Trading, Hang Seng Tech Index Inclusion Takes Effect Catalyzing Passive Fund Inflows

Market Focus
Sep 07

On September 7, ILUVATAR COREX rose 3.39% in regular trading, trading at 390.8 HKD/share, with turnover of approximately HKD 74.36 million.

On the news front, the Hang Seng Tech Index quarterly adjustment officially took effect today, with ILUVATAR COREX becoming the first and only GPU company included as a constituent stock. Institutional estimates suggest the adjustment will bring approximately HKD 6.9 billion in passive fund net inflows to the stock, while Goldman Sachs projected the broader tech hardware and semiconductor sector to attract roughly USD 8.7 billion in passive capital. Index inclusion is widely viewed as recognition of the company's innovation capability, revenue growth momentum, and market liquidity.

Fundamentally, the company reported first-half revenue of RMB 946 million, up 191.6% year-over-year, with adjusted net profit of RMB 246 million, marking a turnaround from losses. However, gross margin declined from 50.1% to 17.2%, and profitability quality remains a key focus for the market.

(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.)

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