Movement Alert|Yifei Technology Falls 5.58% in Regular Trading, HK Super-Subscription King Continues Slide Toward IPO Price

Market Focus05-28

On May 28, Yifei Technology fell 5.58% in regular trading, trading at 31.7 HKD/share, with trading volume of 10.63 million HKD. The stock continues its persistent post-IPO downtrend, now approaching its listing price of 30.5 HKD.

The company listed on May 18 at 30.5 HKD and set a Hong Kong IPO record with 14,855x oversubscription, earning the title of all-time super-subscription king. Shares surged to 59.65 HKD on day one but have since declined sharply. Market analysis attributes the sustained selling pressure to the absence of cornerstone investors and a greenshoe stabilization mechanism, leaving the stock without effective price support. Additionally, the company reported consecutive net losses from 2023 to 2025 of 111 million, 71 million, and 153 million RMB respectively, with negative operating cash flow of 183 million RMB and an asset-to-liability ratio of 71.89%, undermining investor confidence.

Yifei Technology is a leading Chinese industrial robotics company specializing in the design, R&D, manufacturing, and commercialization of industrial robots for light industry applications, with full-stack proprietary capabilities across robot bodies, control systems, 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.)

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