On June 10, Yifei Technology fell 8.54% in regular trading, trading at HKD 17.55/share, with trading volume of HKD 9.18 million. The stock has now declined over 70% from its listing-day high of HKD 59.65 and approximately 42% below its IPO price of HKD 30.50.

On the news front, the company's board reviewed its three-year audited financial statements on June 5, and post-release market concerns over the company's fundamentals have continued to intensify. The company remains in a loss-making position with negative operating cash flow and elevated debt-to-asset ratios. Additionally, its IPO structure lacked cornerstone investors and a greenshoe stabilization mechanism, leaving the stock without effective price support.

Although the company announced on June 5 a plan to repurchase up to 10% of its issued H shares (approximately 24.50 million shares), the move has failed to reverse bearish market sentiment, with selling pressure accelerating. Yifei Technology is a leading Chinese industrial robotics company specializing in the design, R&D, manufacturing, and commercialization of robots for light industrial applications, with full-stack proprietary capabilities spanning robot bodies, control systems, and vision systems.

(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.)