On September 11, EXCELLAND ROBOT fell 5.3% in regular trading, trading at 43.24 HKD/share, with turnover of approximately 14.49 million HKD. The stock came under selling pressure shortly after the open as short-term profit-taking intensified following a spectacular post-IPO rally.
EXCELLAND ROBOT debuted on the Hong Kong Stock Exchange on September 9 at an offer price of 14.45 HKD, closing its first day up 153.84% at 36.68 HKD. On September 10, shares surged another 25.57% to 46.06 HKD, with the stock briefly spiking above 48 HKD intraday. Over just two trading sessions, the cumulative gain from the IPO price exceeded 218%. Market participants noted that the stock price following its first-day doubling already embedded significant scarcity and speculative premiums, and that fundamental support requires further verification.
The company listed on the HKEX main board as a Chapter 18C specialist technology firm, with its Hong Kong public offering oversubscribed 140.02 times. Revenue grew from RMB 244 million in fiscal 2023 to RMB 318 million in fiscal 2025, though the company remains loss-making with three-year cumulative net losses exceeding RMB 500 million. EXCELLAND ROBOT is a commercial service robotics company founded in 2013, ranking as China's third-largest commercial service robot supplier with an 8.9% market share. Its products span indoor and outdoor delivery, cleaning, and unmanned retail scenarios, with cumulative shipments exceeding 114,600 units to over 5,100 clients globally.
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