On August 14, ILUVATAR COREX rose 3.16% in regular trading, trading at HK$433.0/share, with turnover of HK$83.35 million.
On the news front, the company released a positive profit alert after market close on August 13, expecting net profit of approximately RMB 60 million to RMB 140 million for the first half of the year, a significant turnaround from a net loss of approximately RMB 609 million in the same period last year.
According to the announcement, the turnaround was primarily attributable to fair value gains of approximately RMB 730 million to RMB 790 million from financial assets measured at fair value through profit or loss, mainly driven by a substantial increase in unrealized net gains from the company's equity investment in a Shanghai Stock Exchange-listed company. The company noted that the financial data has not yet been reviewed or confirmed by independent auditors or the board audit committee, and final results may be subject to adjustment.
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