On June 24, Shougang LanzaTech (02553.HK) declined 5.55% in regular trading, trading at 45.86 HKD/share, with turnover of approximately 4.89 million HKD. The pullback follows a session where the stock touched a post-listing high of 48.66 HKD on June 23.

The decline is primarily driven by persistent profit-taking pressure. The company listed on the Hong Kong Stock Exchange on June 3 at an IPO price of 14.6 HKD/share, accumulating gains exceeding 200% within just three weeks. On the positive side, the company announced on June 18 that its Hebei Shoulang Phase II project achieved a milestone breakthrough — successfully commissioning the worlds first 10,000-ton-scale demonstration project utilizing CO2-containing industrial tail gas for biological synthesis of anhydrous ethanol with purity above 99.9%, officially entering commercial operations. The company also plans to build a sustainable aviation fuel facility in Baotou, Inner Mongolia, with production targeted for 2027.

However, fundamental concerns persist. The company has explicitly stated it cannot achieve net profit breakeven in the near term. Its IPO international placement received only 0.95x subscription, reflecting cautious institutional sentiment. Following the rapid price surge, valuation digestion pressure remains elevated.

(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.)