On June 22, Lead Intelligent fell 3.22% in regular trading, trading at 36.54 HKD/share, with turnover of approximately 20.95 million HKD. The stock has now fallen nearly 20% below its IPO price of 45.8 HKD.

The decline reflects a continuation of persistent selling pressure since the stock retreated from its April highs. Three key factors are weighing on shares: first, a market style rotation toward AI concepts is draining liquidity from the lithium battery equipment sector; second, the stock's dynamic P/E ratio remains above 36x, creating ongoing valuation compression pressure amid declining risk appetite; third, industry headwinds including power battery overcapacity, equipment price wars, and margin erosion concerns are driving a re-rating from growth to cyclical valuation logic.

Notably, the stock surged 16% on June 16 following its inclusion in the CSI 300 index, but profit-taking quickly emerged, pushing shares back to new lows. The company completed a 350 million yuan share buyback program in early June, repurchasing 11.27 million shares, though this has yet to stem the downward trend.

(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.)