On October 6, JOINN rose 5.09% in regular trading, trading at HK$32.06, with turnover of HK$28.0 million.
Hong Kong Exchange disclosures show Morgan Stanley increased its H-share long position in JOINN from 4.84% to 5.23% on September 29, purchasing approximately 457,000 shares at an average price of HK$26.52. This follows GF Fund's earlier stake increase to 5.14% on September 24. Institutional accumulation combined with warming CRO sector sentiment provided support to the share price.
The company reported first-half revenue of RMB 704 million, up 5.27% year over year, with adjusted net profit surging 1,126.80% to RMB 748 million. New orders reached approximately RMB 2.02 billion, up 98.0%, while backlog orders stood at RMB 3.7 billion, up 60.9%.
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