On June 5, Zhaowei Mechatronics rose 5.61% in regular trading, reaching HK$66.55 per share, with trading volume of approximately HK$62.44 million.
On the news front, the stock had previously corrected over 15% since May 27 due to Q1 earnings pressure and shareholder Park Hyeon Joo's stake reduction. Q1 revenue came in at RMB 357 million, down 2.74% year-over-year, while net profit attributable to shareholders declined 25.15%. Following the rapid selloff, valuation pressure has been partially released, prompting capital to re-enter at lower levels.
Meanwhile, the dexterous hand concept for humanoid robots continues to gain market attention. The company is reportedly the only listed firm with a complete dexterous hand product lineup, having launched multiple multi-degree-of-freedom dexterous hand products and signed strategic cooperation agreements with 12 robot body manufacturers. Additionally, the company plans to invest RMB 800 million in constructing a dexterous hand and micro-drive system industrial park, further reinforcing its positioning in this emerging segment.
(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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