On July 14, Shanghai Fudan fell 5.04% in regular trading, trading at 28.02 HKD/share, with turnover of approximately 50.22 million HKD. The stock has extended its post-earnings retreat as investors continue to take profits following the positive profit alert released on July 7.

The core market concern centers on earnings quality. While the company guided H1 attributable net profit of RMB 800 million to 1 billion, representing 313%-416% year-over-year growth, approximately RMB 470 million stemmed from fair value gains on its strategic stake in Shenghe Jingwei Semiconductor. Stripping out non-recurring items, core net profit was only RMB 350-450 million, implying 92%-147% growth — far below the headline figure. Revenue growth of 20%-31% also appeared modest relative to the profit surge.

The stock initially surged over 10% on July 8 following the announcement but has since retreated more than 16% from its peak, as funds rotate out on the view that the positive catalyst has been fully priced in and sustainable operating momentum remains uncertain.

(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.)