On June 4, Yifei Technology fell 5.57% in regular trading, trading at 29.9 HKD/share with trading volume of 38.72 million HKD. The stock broke below its IPO price of 30.5 HKD for the first time since listing.

On the news front, the decline is driven by multiple factors. The company listed on May 18 with a record-breaking 14,855x oversubscription, surging to 59.65 HKD on its first day before entering a sustained pullback. Its IPO structure—featuring no cornerstone investors and no greenshoe mechanism—provides no effective price support. Additionally, the company remains loss-making with negative operating cash flow and an asset-liability ratio of 71.89%, leaving selling pressure undigested. The board is scheduled to review audited financial statements on June 5, with event uncertainty further intensifying short-term panic sentiment.

Yifei Technology is a leading comprehensive industrial robotics company in China, specializing in the design, R&D, manufacturing, and commercialization of industrial robots for light industries, with full-stack proprietary capabilities in 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.)