Anker Innovations Technology Co., Ltd. (HKG: 00668) saw its shares plummet 5.36% during intraday trading on Thursday, marking a weak debut on the Hong Kong Stock Exchange's Main Board.

The significant drop comes despite the company achieving a dual listing in both A-share and H-share markets. Investor sentiment appears to be weighed down by several factors, most notably the lingering impact of a major product recall in mid-2025. The company recalled approximately 2.27 million power banks due to quality issues, which was compounded by delayed after-sales service and inconsistent compensation, leading to consumer complaints and damage to the brand's reputation.

Furthermore, the company faces ongoing operational challenges. Its revenue remains heavily dependent on the Amazon platform, while the expansion of its own direct sales channels has been slow. Additional risks stem from its full OEM (Original Equipment Manufacturer) business model and high inventory pressure, all of which were highlighted prior to its listing. These fundamental concerns likely contributed to the stock's sharp decline on its first trading day.