On June 10, Guoxia Technology (02655) fell 5.03% in regular trading, trading at 17.36 HKD/share, with trading volume of 16.94 million HKD, hitting a fresh historical low.

On the news front, the stock has been under sustained pressure since the company announced on May 22 its RMB 200 million capital commitment to participate in the Kaibo Gongchuang Industrial Fund, which targets a total size of RMB 5 billion with an initial closing of RMB 1.6 billion. The fund focuses on new energy battery industry supply chain and other emerging sectors. Market participants remain divided over the company taking on significant capital obligations under its asset-light business model. The stock has declined from 25.3 HKD, and while a brief technical rebound occurred after touching a previous 52-week low of 19.90 HKD, the recovery momentum failed to sustain, leading to continued breakdown.

Sector-wide selling pressure compounded the decline, with DONGFANG ELEC down 8.33%, HARBIN ELECTRIC down 7.17%, GOLDWIND down 5.34%, SH ELECTRIC down 3.45%, and DAJIN down 2.13%.

(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.)