ROBOTPHOENIX's stock fell 5.50% during intraday trading, continuing its downward trend after a brief technical rebound in the previous session.
Market analysts attribute the sustained weakness to structural issues in the company's IPO, which lacked cornerstone investors and a greenshoe mechanism, leaving the stock without effective price support. Additionally, investor concerns have been intensified by the company's persistent net losses through 2025, negative operating cash flow of RMB183 million, and a high leverage ratio of 71.89%.
Further uncertainty stems from an upcoming board meeting scheduled to review audited financial statements, adding to the negative sentiment surrounding the stock's fundamental outlook.
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