Bloks shares tumbled 16.4% in Hong Kong, attracting market attention. This price movement came right after the company released its mid-term earnings report for 2025.

According to the company's announcement, Bloks achieved sales revenue of RMB 1.338 billion for the six months ending June 30, 2025, marking a year-on-year increase of 27.9%. Adjusted profit stood at RMB 320.3 million, reflecting a year-on-year growth of 9.6%, with a period profit of RMB 296.5 million, turning around from a loss in the same period last year. Despite the financial figures showing an improvement in the company's performance, it seems to have fallen short of market expectations.

Analysts have pointed out that while Bloks demonstrated growth in both revenue and profit, investors might be cautious regarding the company's high R&D expenditures and rapid overseas expansion. During the reporting period, Bloks 's R&D spending reached RMB 128.8 million, accounting for 9.6% of total revenue, a year-on-year increase of 69.5%. Meanwhile, overseas sales surged by 898.6%, but from a relatively low base, which might pose certain risks. These factors could have triggered investor concerns about Bloks 's future profitability and sustainable growth, leading to a sharp drop in its stock price. Additionally, the market may have reservations about the company's expansion strategy amid the current economic climate, viewing it as potentially increasing operational risks.