On August 28, VGT (02476.HK) fell 6.17% in regular trading, trading at HKD 237.8/share, with turnover of HKD 93.08 million.

The decline was triggered by the company's interim results disclosed after market close on August 27. While headline figures showed H1 revenue of RMB 11.629 billion (+28.77% YoY) and net profit attributable to shareholders of RMB 2.857 billion (+33.3% YoY), the adjusted net profit came in at only RMB 2.418 billion (+12.5% YoY), significantly below the prior market consensus expecting single-quarter revenue growth of 37.22%. The approximately RMB 4.4 billion gap between reported and adjusted profit was largely attributed to non-recurring gains from the company's H-share listing in April.

More critically, Q2 standalone adjusted net profit of RMB 1.161 billion declined 5.28% YoY, gross margin contracted 3 percentage points to 33.22%, and financial expenses surged 694.4% due to increased interest costs and foreign exchange losses. Analysts noted the earnings delivery pace was materially slower than the bullish assumptions previously embedded in consensus forecasts.

(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.)