On July 15, Laifu Harmonic (03952.HK) declined 5.06% in regular trading, trading at 79.2 HKD/share, with turnover of approximately 10.11 million HKD. The stock extended its multi-session retreat from the intraday high of 119.6 HKD recorded on July 7.

The decline represents a continuation of selling pressure following the stock's explosive post-listing rally. Laifu Harmonic debuted on the Hong Kong Stock Exchange on June 30 at an IPO price of 85.5 HKD and surged nearly 70% over three trading days, driven primarily by the registration approval of Unitree Technology's STAR Market IPO, which lifted the broader robotics sector. Since peaking, the stock has fallen consistently as earlier catalysts have been fully digested and profit-taking intensified, with the current price now trading below its offering price.

Laifu Harmonic is a leading Chinese provider of precision transmission components for robotics. By shipment volume in 2025, the company ranked second in China's robot harmonic reducer market with a 21.4% share. It is one of only two domestic manufacturers to have achieved mass production and delivery of harmonic reducers for humanoid robots.

(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.)