On August 24, SICC fell 5.04% in regular trading, trading at HK$67.85/share, with turnover of HK$54.13 million.

The decline follows the company's half-year report disclosed on August 19, which showed H1 revenue of RMB 9.14 billion, up 15.10% year-over-year, but net profit attributable to shareholders swung to a loss of RMB 58.62 million versus a profit of RMB 10.88 million in the prior-year period. The company also booked asset impairment provisions of RMB 30.13 million and reported negative operating cash flow. Although Q2 single-quarter revenue of RMB 548 million set a historical record with 42.06% year-over-year and 49.97% sequential growth, achieving a quarterly turnaround to profit of RMB 1.89 million, the overall half-year loss exceeded market expectations.

The stock had accumulated approximately 45% in gains during the prior month, intensifying profit-taking pressure following the weaker-than-expected bottom-line results.

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