Movement Alert｜Tuopu CNC Falls 5.31% in Regular Trading, HK Sub-IPO Sector Selling Pressure Continues

Market Focus06-08

On June 8, Tuopu CNC (07688) fell 5.31% in regular trading, trading at 32.68 HKD/share, with trading volume of 9.7759 million HKD.

On the news front, the Hong Kong sub-IPO sector has been facing sustained selling pressure in recent weeks. Market analysis indicates that while HK IPO supply remains ample, liquidity on the demand side is under strain, with capital highly concentrated in a few popular themes. This has caused newly listed stocks to broadly decline post-listing, with over 32% of recent IPOs now trading below their offering prices.

Tuopu CNC listed on May 20 at an issue price of 26.39 HKD, surging approximately 80% on its debut. The stock subsequently underwent multiple rounds of correction. Although it briefly rebounded earlier in June amid commercial aerospace sector catalysts — including SpaceX filing for a Nasdaq IPO and domestic developments such as LandSpace's Wuxi production base commissioning — the stock has weakened again under persistent sector-wide selling pressure.

Tuopu CNC is a Shanghai-based company specializing in the R&D, design, production, and sale of five-axis CNC machine tools. Its products serve the aerospace, automotive, energy, medical devices, and shipbuilding industries, holding a leading position in China's aerospace five-axis CNC machine tool market.

(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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