On August 18, WELLCELL HOLD fell 8.77% in regular trading, trading at 0.265 HKD/share, with turnover of HKD 153 million.

The decline was triggered by a profit warning issued after market close on the previous trading day. The company expects to record a net loss attributable to shareholders of no more than approximately RMB 45 million for the six months ended June 30, compared to a net profit of approximately RMB 7.717 million in the same period last year, representing a swing from profit to loss.

Notably, the stock had surged over 13% on August 17 on expectations surrounding the commercialization of its AI computing platform Novax AI, which has secured a strategic partnership with Alibaba Cloud International and signed with Southeast Asian data center operator AIMS. The profit warning released after that rally prompted a sharp reversal in market sentiment. The company completed a HKD 188 million placement in July, with over 67% of proceeds allocated to computing platform R&D and resource procurement.

(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.)