HK Stock Market Move | WELLCELL HOLD (02477) fell over 6%. The company anticipates a loss in its interim performance, reversing its previous profit. During the period, the telecommunications business recorded a loss.

WELLCELL HOLD (02477) fell over 6%, declining 6.15% to HKD 0.243, with a trading volume of HKD 65.9656 million as of the time of writing. In terms of news, WELLCELL HOLD recently announced that the group expects to record a net loss attributable to shareholders of not more than approximately RMB 45 million for the six months ending June 30, 2026 (the reporting period), compared to a net profit attributable to shareholders of approximately RMB 7.717 million for the same period in 2025. The group anticipates a net loss primarily due to: fair value losses on financial assets measured at fair value through profit or loss; losses in the group's telecommunications business during the period due to market saturation, increased industry competition, and rising operating costs, whereas the same period in 2025 recorded a profit; and the launch of fintech operations in the second half of last year, as well as the initiation of an artificial intelligence (AI) strategy upgrade during the reporting period to expand its business into the AI infrastructure computing power services sector, which has led to increased employee benefit expenditures and other operating expenses.