On June 2, Yifei Technology (06871.HK) rose 5.83% in regular trading, trading at HK$32.66/share, with trading volume of HK$20.81 million. The stock continues to rebound from deeply oversold territory near its HK$30.5 IPO price after a cumulative pullback exceeding 40% from its listing-day high of HK$59.65.

On the news front, the company's board has scheduled a meeting on June 5 to review audited consolidated financial statements for the three years ending December 31, 2025, creating event-driven expectations. Additionally, the company recently signed a strategic cooperation agreement with BrainCo to enter the brain-computer interface and physical AI integration sector, launched a wheeled humanoid robot ODM chassis to commercialize embodied intelligence, and deepened its European market presence through a partnership with Hungary's Delta Group.

With short-term selling pressure easing as the stock approaches its IPO price floor, technical oversold recovery demand combined with concentrated business catalysts has driven the rebound. Notably, the stock once set a Hong Kong IPO record with 14,855x oversubscription but has faced sustained pressure due to the absence of cornerstone investors and a greenshoe mechanism, alongside continued net losses totaling RMB 153 million in 2025.

(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.)