On May 22, UISEE Technology fell 6.69% in regular trading, trading at 56.8 HKD/share, with trading volume of HKD 7.34 million. The stock continues to trade below its IPO price of 60.3 HKD, representing a discount of approximately 5.8% since listing on May 20.

The decline extends the company's post-listing weakness. UISEE Technology debuted on the HKEX main board on May 20, opening 7.1% below its offer price and falling as much as 17% intraday on its first day. The stock has remained in a broken-IPO state since listing, reflecting broader systemic weakness in Hong Kong's autonomous driving sector, where peers WeRide, Pony.ai, and CiDi previously fell 13.28%, 9.28%, and 13.69% respectively on their debut days.

Despite positioning itself as the first full-scenario L4 autonomous driving stock with a gross margin of 51.1%, the company reported cumulative net losses exceeding RMB 655 million over the past three years, with R&D expenses consistently above 70% of revenue. The secondary market continues to adopt conservative valuations toward unprofitable autonomous driving assets.

UISEE Technology is a Chinese company specializing in unmanned L4-level autonomous driving solutions, focusing on commercial vehicles in closed scenarios such as airports and factories, with applications spanning L2 to L4 levels across logistics, operations, and mobility.

(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.)