On July 9, Zhongke Wenge fell 6.25% in regular trading, trading at 78.7 HKD/share, with turnover of 11.30 million HKD. The stock has now retreated over 30% from its first-day closing price of 111.7 HKD since its June 26 listing.

On the news front, Xinhuanet's wholly-owned subsidiary previously announced plans to sell up to 477,600 shares of Zhongke Wenge within the next 12 months, with an estimated transaction value of approximately 53.35 million HKD. The shareholder disclosed its reduction plan merely four days after the company's IPO, significantly weighing on market sentiment.

Adding to the pressure, the company has reported net losses for three consecutive years with negative operating cash flow, raising fundamental concerns among investors. Low trading volumes have further amplified price volatility during the post-listing correction phase.

Zhongke Wenge is an enterprise-level AI technology and service provider founded by a scientist team from the Chinese Academy of Sciences Institute of Automation, focusing on complex data analysis and AI-assisted decision-making to drive digital transformation across public services, media, and commercial sectors.

(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.)