On July 6, Lingyi iTech (01688.HK) fell 3.32% in regular trading, trading at HK$10.23 per share, with turnover of HK$42.60 million.

The decline was driven by continued weakness across the electronic components sector. Peers Sunny Optical fell 3.83%, Shenghong Technology declined 2.9%, KB Laminates dropped 2.72%, and Lens Technology lost 1.53%, reflecting persistent sector-wide selling pressure.

Lingyi iTech listed its H-shares on the Hong Kong Stock Exchange on June 26 at an IPO price of HK$10.18 per share, raising approximately HK$81.52 billion in net proceeds with 96x oversubscription. The current share price has now retreated close to its IPO price. Although the company disclosed cumulative A-share buybacks of 22.20 million shares totaling RMB 311 million through end of June, such support has proven limited amid broad sector weakness.

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