On June 2, Estun Automation rose 5.7% in regular trading, trading at HK$17.43/share with trading volume of HK$27.1 million, extending its rebound after two consecutive sessions of pullback.

On the news front, the humanoid robot industry continues to see positive catalysts. Tesla previously announced the conversion of its Model S and X production lines into dedicated humanoid robot lines, with the third-generation humanoid robot expected to begin mass production in July-August, solidifying industry-wide volume production expectations. On the company level, Estun reported Q1 net profit attributable to shareholders of RMB 97.84 million, a year-over-year surge of 674.64%. Its industrial robot shipments surpassed foreign brands to rank first domestically, with branded robot revenue growing nearly 50% year-over-year. The company also launched its iER series embodied intelligent robots, which have been deployed in automotive, electronics, and lithium battery sectors.

The stock had previously retreated after a shareholder transferred 5.27% of shares from CMBI Securities to Merrill Lynch Far East, triggering concerns over potential selling. With short-term selling pressure largely absorbed, fundamentals and industry tailwinds are driving renewed capital inflows.

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