异动解读 | 文远知行港股上市首日大跌5.05%,或因市场对自动驾驶商业化前景存疑

异动解读
Nov 06, 2025

11月6日,自动驾驶科技公司文远知行(00800.HK)在港交所正式挂牌上市,开盘价为每股24.98港元,较27.10港元的发行价下跌7.82%。截至盘中,文远知行股价进一步下跌5.05%。

分析认为,文远知行股价下跌主要有以下几个原因:首先,公司仍处于亏损状态。招股书显示,2022年至2024年,文远知行分别亏损12.99亿元、19.49亿元和25.17亿元。其次,自动驾驶行业整体尚未达到盈利拐点,市场对其商业化前景存疑。虽然文远知行Robotaxi业务增长迅速,但收入规模仍然有限。最后,当前港股市场整体低迷也对新股表现产生负面影响。

值得注意的是,同日上市的另一家自动驾驶公司小马智行(02026.HK)也出现破发。这反映出资本市场对自动驾驶行业短期内的发展预期尚无信心。专家表示,自动驾驶技术的成熟和大规模商业化仍需时日,投资者应当理性看待行业发展前景。

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