On July 7, Lingyi iTech (01688.HK) fell 3.42% in regular trading, trading at 9.61 HKD/share, with turnover of 46.41 million HKD.

On the news front, the electronic components sector continues its downward adjustment. Reports that Samsung Electronics and SK Hynix have demanded upstream substrate manufacturers to cut prices in the second half continue to weigh on industry sentiment, with selling pressure yet to subside. Peer stocks including Kingboard Holdings fell 2.97% and VGT declined 0.51%.

Additionally, the company's H shares have remained below their IPO price of 10.18 HKD since listing on June 26. The stock suffered a steep drop of approximately 14.81% in the prior trading session, driven by concerns over a 30.7% year-over-year decline in Q1 net profit to 392 million yuan amid surging R&D expenses and foreign exchange losses. Despite the company's cumulative buyback of 22.20 million A-shares totaling 311 million yuan through end-June, support has proven limited against the broader sector downturn.

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