On September 10, BLOKS fell 5.02% in regular trading, trading at HK$67.2/share, with turnover of HK$12.53 million.

The decline comes amid multiple headwinds. First Prosperity Limited reduced its stake by 343,800 shares on September 2 at an average price of HK$72.793, lowering its holding from 8.09% to 7.95%, involving approximately HK$25.03 million. Meanwhile, the company's interim results revealed gross margin contracted 4.1 percentage points year-over-year to 44.3%, pressured by a higher mix of budget-priced products (9.9 yuan items accounted for 47.6% of total sales volume) and rising mold depreciation from new SKUs. Guoxin Securities also cut its full-year net profit forecasts for the company to RMB 832 million and RMB 1.059 billion respectively, down from prior estimates of RMB 1.138 billion and RMB 1.506 billion, while maintaining its Outperform rating. The stock had previously surged over 80% from its June low of HK$39.2, and short-term profit-taking pressure appears evident.

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