Luxshare ICT's stock price plummeted 5.00% during intraday trading on Friday, extending its decline since its recent Hong Kong listing.

The continued weakness reflects market concerns about the company's heavy reliance on consumer electronics, which accounts for over 80% of revenue, with Apple alone contributing 56.7% of total sales. Additionally, the AH linkage effect from concurrent weakness in the company's A-shares has compounded the downward pressure.

Concentrated selling pressure from international placement investors exiting short-term positions following the company's H-share listing has further contributed to the stock's decline. The stock has remained below its IPO price since its first day of trading, with the cumulative post-IPO decline now exceeding 7%.