Robotphoenix Intelligent Technology's stock plummeted 7.56% during intraday trading, extending a sharp decline following its recent initial public offering.

The sustained selling pressure is attributed to the company's "bare" IPO issuance structure, which included no cornerstone investors and no greenshoe stabilization mechanism, leaving the stock without institutional support. Additionally, all internationally placed shares were freely tradeable from the first day of listing, amplifying volatility.

Fundamentally, the company remains in persistent losses, with adjusted net losses reported from 2023 through 2025. Operating cash outflows expanded significantly in 2025, while year-end cash reserves were low, intensifying profit-taking sentiment among early investors.