Understanding the Market | CUTIA-B surged over 14% in early trading, strategic adjustments affected first-half performance, plans to raise funds through a placement to increase investment in R&D and commercialization

CUTIA-B rose over 14% in early trading, reaching HKD 10.91, with a transaction volume of HKD 29.0652 million. The company's revenue in the first half of the year decreased by 30.6% year-on-year to approximately HKD 66.3 million, with a net loss of approximately HKD 239 million, an increase of about 19.1% year-on-year. Due to the impact of macro policies, it terminated its agency cooperation with the American skincare brand OMA and shifted resources towards the commercialization of new products. CUTIA plans to issue 28.904 million placement shares at a price of HKD 8.40 per share, with the proceeds to be used for research and development and marketing