On May 21, Robotphoenix Intelligent Technology declined 9.51% in regular trading, trading at 35.6 HKD/share, with trading volume of HKD 23.85 million. The stock has now erased nearly all of its first-day gains since listing on May 18.

The continued selloff extends a post-IPO retreat pattern. The company debuted at an issue price of 30.5 HKD and surged over 76% on its first trading day, but has since declined sharply — falling approximately 11% on day two, over 13% on day three, and now dropping further on its fourth session. Market analysis attributes the persistent weakness to the company's bare IPO structure with no cornerstone investors and no greenshoe stabilization mechanism, leaving the stock without institutional price support. Additionally, the company remains in sustained losses, with adjusted net losses of approximately RMB 106 million, RMB 52.3 million, and RMB 86.6 million for 2023 through 2025 respectively, with persistently negative operating cash flows intensifying profit-taking pressure among early subscribers.

Robotphoenix Intelligent Technology is a leading Chinese industrial robotics company focused on light industry applications, offering parallel robots, mobile robots, SCARA robots, wafer handling robots, and six-axis industrial robots with proprietary control and vision systems.

(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.)