On June 8, Guoxia Tech (02655.HK) declined 5.5% in regular trading, trading at 19.18 HKD/share, with trading volume of approximately 29.53 million HKD. The stock broke below its previous 52-week low of 19.90 HKD, establishing a new low.

The continued weakness stems from persistent market disagreement over the company's May 22 announcement to commit 200 million yuan as a limited partner in the Kaibo Co-creation Industrial Fund, which targets a total scale of 5 billion yuan with an initial closing of 1.6 billion yuan, focused on the new energy battery supply chain sector. Investors remain concerned that such a substantial capital commitment conflicts with the company's established asset-light business model. Since the announcement, shares have retreated from 25.3 HKD, and while a brief technical rebound occurred after initially touching the 52-week low, recovery momentum failed to sustain.

Within the Heavy Electrical Equipment sector, stocks broadly declined. Among peers, Dongfang Electric fell 4.55%, Dajin Heavy Industry fell 4.52%, Goldwind Technology fell 3.51%, Shanghai Electric fell 3.19%, and Harbin Electric fell 2.0%.

(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.)