HK Stock Market Move | ADICON HOLDINGS (09860) fell more than 7% in early trading; selling prices remained under pressure in the first half of the year; institutions advise watching whether price competition eases.

ADICON HOLDINGS (09860) fell more than 7% in early trading. As of press time, it was down 5.06% at HK$3.75. On the news front, ADICON's interim results showed that revenue rose slightly by 1.1% in the first half of the year. Affected by the DRG/DIP payment reform policy, the company's overall average selling price in the first half of the year remained under downward pressure compared with the same period, and the company has substantially offset the price decline through sales volume growth. Xiangcai Securities pointed out that overall, the ICL industry has emerged from the performance trough of 2024-2025 and entered a profit recovery channel, and going forward it is necessary to watch whether revenue growth can be sustained and whether price competition can ease.