On May 22, Yifei Technology (06871.HK) rose 5.71% in regular trading, trading at HK$33.4/share, with trading volume of HK$5.33 million.

The rebound follows three consecutive trading days of sharp declines after the stock debuted on May 18 at an issue price of HK$30.5 and surged to a high of HK$59.65 on its first day. The cumulative pullback from that peak exceeded 40%, bringing the stock close to its IPO price and easing near-term selling pressure. The company set a Hong Kong IPO record with 14,855x oversubscription but lacked both a greenshoe mechanism and cornerstone investors, contributing to heightened volatility post-listing.

On the news front, the company announced a comprehensive strategic cooperation agreement with BrainCo, formally entering the brain-computer interface and physical AI convergence sector. The two parties will jointly develop high-fidelity bionic dexterous limbs and brain-machine collaborative control algorithms, providing a fresh business catalyst that has helped stabilize market sentiment.

Yifei Technology is a leading Chinese industrial robotics company specializing in the design, R&D, manufacturing, and commercialization of industrial robots for light industry applications, covering parallel, SCARA, six-axis, mobile, and wafer-handling robot categories.

(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.)