HK Stock Market Move | INNOGEN-B (02591) dropped more than 7% in the afternoon, hitting a new low since its listing. The lock-up period for cornerstone investors will expire on May 14th.

INNOGEN-B(02591) fell over 7% in the afternoon, hitting a low of HK $12.33, setting a new low since its listing. As of the time of writing, it has fallen 6.16% to HK $12.49, with a turnover of HK $11.02 million. On the news front, Yinnuo Pharmaceuticals' annual performance showed operating income of RMB 132 million, a net loss of RMB 341 million, an increase in losses by 95.41% compared to the same period last year. Research and development expenses doubled to RMB 206 million during the period. It is worth noting that the lock-up period for Yinnuo Pharmaceuticals' cornerstone investors will expire on May 14, 2026, and the relevant shares will be officially released for circulation on May 15. The cornerstone investors collectively hold 4.201 million shares.