On July 17, Dongyue Group fell 5.77% in regular trading, trading at HKD 12.64/share, with turnover of HKD 169 million. The stock has now retreated over 47% from its June 23 high of HKD 23.74.

On the news front, the company issued a positive profit alert on July 9, expecting H1 net profit attributable to shareholders to grow over 31% year-on-year, driven by higher product prices across multiple segments. However, the growth figure fell short of market expectations given the stock had rallied nearly 90% year-to-date prior to the announcement. Additionally, associate company Future Materials withdrew its Shanghai STAR Market IPO application on June 30 due to changes in business development plans, dampening market expectations for the capitalization of the group's high-end fluorine materials segment.

Since the profit alert was released, the stock has been under sustained selling pressure, with investor sentiment turning decisively bearish. The broader Specialty Chemicals sector also traded weak, with Ganfeng Lithium down 5.37%, Huabao International down 4.65%, and Tianqi Lithium down 3.56%.

(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.)