On June 29, Lead Intelligent (00470.HK) fell 3.54% in regular trading to HKD 30.6/share, with turnover of HKD 13.03 million, marking yet another post-listing low as the stock now trades more than 33% below its IPO price of HKD 45.8.

The stock has been in sustained decline since retreating from its April high. While inclusion in the CSI 300 Index triggered a roughly 16% single-day rally on June 16, profit-taking quickly emerged, sending shares into consecutive losses. On the A-share side, main capital net outflows remained severe, with a single-day net outflow of RMB 365 million recorded on June 25. Market-wide style rotation toward AI themes continues to drain liquidity from the lithium battery equipment sector, compounding pressure from industry concerns over power battery overcapacity and equipment price competition.

Despite institutional endorsements — including Everbright Securities highlighting solid-state battery pilot line demand and Citi maintaining a Buy rating with a HKD 67 target — short-term sentiment remains dominant. The stock's record date for its annual dividend of RMB 2.87 per 10 shares falls on the same day, though the modest payout has failed to stem selling pressure.

(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.)