Movement Alert｜Zhida Technology Falls 6.26% in Regular Trading, Continued Profit-Taking After Charging Robot Rally

Market Focus07-20

On July 20, Zhida Technology (02650.HK) fell 6.26% in regular trading, trading at HK$23.02/share, with turnover of HK$50.29 million.

The decline extends a sustained profit-taking trend following a sharp rally driven by charging robot industry catalysts since late June. The stock surged over 30% on July 6 and gained nearly 19% intraday on July 13 after its charging robot R&D and manufacturing base officially launched in Ningbo, making it the first company globally to achieve annual production capacity of over 10,000 charging robots. On July 16, the company released its 2.0 strategic upgrade to become an AI-driven smart energy and robotics integrated solutions provider. However, following the announcement, the stock entered a correction channel, declining over 5% on both July 14 and 15, and falling 19.28% on July 17. The current session decline continues this pattern of profit realization after the cumulative gains.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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