Movement Alert|JOINN Rises 5.16% in Regular Trading, CXO Sector Rebounds Collectively Ahead of Mid-Term Results

Market Focus
Yesterday

On August 25, JOINN rose 5.16% in regular trading, trading at 25.24 HKD/share, with turnover of 74.29 million HKD. The stock rebounded sharply following the previous session's 5.85% decline, driven by a broad-based recovery across the CXO sector.

On the news front, the company is scheduled to hold a board meeting on August 28 to review and approve its interim results for the six months ended June 30. The upcoming earnings release has become a focal point, with earlier disclosures indicating expected first-half revenue of approximately 669-739 million yuan and net profit of 600-900 million yuan, primarily driven by positive fair value changes in biological assets. Meanwhile, the company reported a backlog of 3.1 billion yuan as of Q1-end, with non-human primate experimental animal prices and contract signing prices both showing recovery, reinforcing industry upswing signals.

Within the Life Sciences Tools & Services sector, peers rallied in tandem: Wuxi XDC up 11.6%, Insilico up 11.09%, Genscript Bio up 6.74%, Wuxi Bio up 4.63%, and Wuxi AppTec up 1.57%.

(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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