Movement Alert|Zhaowei Electromechanical Rises 5.08% in Regular Trading, Rebound After Three-Day 15% Pullback as Dexterous Hand Concept Catalyzes

Market Focus06-02

On June 2, Zhaowei Electromechanical (02692.HK) rose 5.08% in regular trading, trading at HK$65.5/share, with trading volume of HK$17.43 million.

On the news front, the stock had experienced a cumulative decline exceeding 15% over three consecutive trading days since May 27, driven by Q1 earnings pressure and shareholder Park Hyeon Joo's reduction of 75,700 shares on May 21. Q1 results showed revenue of RMB 357 million, down 2.74% year-over-year, with net profit declining 25.15% and non-GAAP net profit falling 31.89%. Following the rapid correction, valuation pressure has been partially released, prompting funds to buy at lower levels. Meanwhile, the dexterous hand robotics concept continues to provide catalytic support, as the company remains the only A-share listed firm with a complete dexterous hand product line, having launched multiple models including its 20-degree-of-freedom DM20 and signed strategic cooperation agreements with 12 robotics manufacturers.

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