Movement Alert|Estun Automation Rises 5.83% in Regular Trading, Oversold Rebound Continues Amid Subsidiary Merger Announcement

Market Focus
Jun 25

On June 25, Estun Automation (02715.HK) rose 5.83% in regular trading, trading at 20.14 HKD/share, with turnover of approximately 90.30 million HKD.

On the news front, the stock had previously accumulated gains exceeding 25% before pulling back over 10% across two consecutive sessions, creating clear oversold recovery demand. The company announced on June 22 that it plans to absorb and merge its wholly-owned subsidiary Nanjing Estun Automatic Control Technology Co., Ltd., aiming to optimize management structure, enhance operational efficiency, and reduce administrative costs. Upon completion, the subsidiary will be deregistered and all assets, liabilities, and obligations will be inherited by the parent company.

Fundamentally, the company reported Q1 net profit growth of 674.64% year-over-year, with industrial robot shipments ranking first in the Chinese market. Industry data shows May industrial robot production rose 27.9% year-over-year, reflecting sustained sector momentum that continues to support valuation recovery.

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