VIEWTRIX TECH's stock plummeted 5.16% during intraday trading on Tuesday, extending a downward trend since its recent market debut.

The decline is primarily attributed to sustained selling pressure from early investors locking in profits following the stock's spectacular initial public offering. VIEWTRIX TECH listed at HK$20.81 per share and surged as much as 91.73% on its first day of trading, accumulating substantial profit-taking positions that have triggered continued unwinding.

Additionally, valuation concerns are weighing on sentiment. The company reported a net loss of approximately RMB 230 million for fiscal year 2025, with negative operating cash flow and a gross margin of only 12.93%, raising questions about whether the current market capitalization aligns with its fundamentals.