Robotphoenix's stock plummeted 14.04% in intraday trading on Thursday, extending a sharp decline since its recent market debut.
The continued selloff is attributed to the company's bare IPO structure, which included no cornerstone investors and no greenshoe stabilization mechanism, leaving the stock without institutional price support. Additionally, Robotphoenix remains in sustained losses, with adjusted net losses reported for 2023 through 2025 and persistently negative operating cash flows, intensifying profit-taking pressure among early subscribers.
As a leading Chinese industrial robotics company, Robotphoenix focuses on light industry applications, offering a range of robots with proprietary control and vision systems, but its financial performance has failed to support the post-IPO valuation.