On July 14, Laifu Harmonic (03952.HK) fell 5.41% in regular trading, trading at HK$76.5 per share, with turnover of approximately HK$10.26 million.

The stock extended its ongoing pullback, having declined for multiple consecutive trading days since reaching an all-time high of HK$119.6 intraday on July 7. The current price has now fallen below the IPO price of HK$85.5. The company listed on the Hong Kong Stock Exchange on June 30 and surged nearly 70% over its first three trading days, primarily driven by Unitree Technology's STAR Market IPO registration becoming effective, which boosted the broader robotics sector. With the prior catalysts now fully digested and profit-taking intensifying after the sharp short-term gains, selling pressure continues to weigh on the stock.

Laifu Harmonic is a leading Chinese provider of precision transmission core components for robotics, offering harmonic reducers, joint modules, and robotic arms. By shipment volume in 2025, the company ranked second in China's robotic harmonic reducer market with a 21.4% share, and is one of only two domestic manufacturers to have achieved mass production delivery of harmonic reducers for humanoid robots.

(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.)