Movement Alert|BILIBILI-W Falls 5.02% in Regular Trading, Interactive Media Sector Under Broad Pressure as Chinese Concept Stocks Slide Overnight

Market Focus
Oct 02

On October 2, BILIBILI-W fell 5.02% in regular trading, trading at 113.0 HKD/share, with turnover of approximately 70.08 million HKD. The decline came as the broader Interactive Media & Services sector weakened significantly during the session.

On the news front, overnight weakness in US-listed Chinese concept stocks set a negative tone heading into the Hong Kong session. The Nasdaq Golden Dragon China Index closed down 1.55% on September 30, with BILIBILI's US-listed ADRs declining 1.98%. Sector peers fell in tandem, with Tencent down 2.09%, Baidu-W down 3.61%, Kuaishou-W down 4.07%, Meitu down 3.54%, and Weibo-SW down 2.29%, reflecting broad-based risk-off sentiment toward the sector.

From a fundamental perspective, BILIBILI-W reported H1 revenue of 15.41 billion RMB, up 7.5% year-over-year, with adjusted net profit of 1.29 billion RMB, up 39.7%. Multiple brokerages, including JPMorgan and Changjiang Securities, have maintained positive ratings, citing strong advertising growth and improving profitability. Several major institutional investors, including Norges Bank and BlackRock, recently increased their stakes.

(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.)

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