On July 14, Tianyue Advanced (02631.HK) fell 5.15% in regular trading, trading at HK$69.1/share, with turnover of HK$71.70 million.
On the news front, the decline was driven by persistent selling pressure from major shareholders alongside weak fundamentals. Shareholder Liaoning Zhongde and its concert parties collectively reduced their holdings by approximately 4.02 million shares between May 28 and July 1, lowering their combined stake from 6.8256% to 5.9962%, with remaining reduction quota still outstanding. Over the past three months, the stock has seen 36 discounted block trades, continuously suppressing the share price.
Meanwhile, the company's annual report confirmed a full-year net loss with gross margin declining 12.85 percentage points to 13.05%. First-quarter net profit attributable to shareholders remained negative, indicating that fundamental recovery still requires time. The stock has been in sustained retreat from its June highs, extending its weak trend.
(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.)