On July 17, Laifual Drive (03952.HK) declined 5.96% in regular trading, trading at HK$72.7 per share, with turnover of approximately HK$12.70 million. The stock extended its pullback trend that began after touching an all-time high of HK$119.6 on July 7.

The correction follows a rapid post-IPO rally of nearly 70% over three trading days, primarily driven by Unitree Technology's STAR Market IPO registration becoming effective, which broadly lifted the robotics sector. Since the July 7 peak, the stock has declined over 39%, falling well below its IPO price of HK$85.5. The sustained selling pressure reflects digestion of earlier catalysts combined with profit-taking by investors who accumulated significant short-term gains.

Laifual Drive listed on the Hong Kong Stock Exchange on June 30, raising approximately HK$1.07 billion in net proceeds. The company is China's second-largest harmonic reducer supplier by shipment volume, holding a 21.4% market share in the robotics harmonic reducer segment as of the end of last year, and is one of only two domestic manufacturers to have achieved mass production delivery of harmonic reducers for humanoid robots.

(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.)