On July 17, Shenzhen Senior Technology Material (06067.HK) fell 5.63% in regular trading, trading at HKD 7.47/share, with turnover of HKD 7.3155 million. The stock has remained below its IPO price of HKD 8.98 since breaking through that level on July 13.
On the news front, the decline reflects continued post-IPO weakness compounded by institutional selling. Fullgoal Fund sold 1.326 million H-shares on July 9 at approximately HKD 10.76 per share, reducing its stake from 9.67% to 8.78%. Meanwhile, the company's A-shares fell 8.35% on July 16 to a 60-day low of RMB 13.50, amplifying bearish sentiment across both listings.
Fundamentally, the company reported Q1 net profit attributable to shareholders of RMB 29 million, down 37.33% year-over-year, despite revenue growth of 21.53% to RMB 1.081 billion. The lithium-ion battery separator industry remains broadly under pressure, with the sector continuing to trade in a subdued manner. The stock listed in Hong Kong on June 23 with a first-day gain of 22.5% but has since surrendered all post-IPO 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.)
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