Movement Alert|ZHIDA TECH Falls 7.11% in Regular Trading, Resumes Profit-Taking After Brief Technical Rebound

Market Focus07-24

On July 24, ZHIDA TECH fell 7.11% in regular trading, trading at 15.95 HKD/share, with turnover of approximately 11.53 million HKD.

On the news front, the stock had surged significantly since late June, driven by charging robot industry chain catalysts, with a single-day gain exceeding 30% on July 6 and an intraday rally of nearly 19% on July 13. However, the stock entered a sustained correction channel thereafter, with a 19.28% single-day plunge on July 17 and consecutive declines of over 5% from July 20 to 22. Although a 10.71% oversold rebound occurred on July 23, today's decline indicates that prior profit-taking pressure has not been fully released, and the short-term bounce failed to reverse the ongoing adjustment trend.

The company had previously announced its 2.0 strategic upgrade featuring a global market, smart energy, and energy service robot framework on July 16, and globally launched an AI Energy plus Robot integrated solution targeting Robotaxi and ride-hailing scenarios on July 21. Despite these fundamental catalysts, near-term selling pressure from accumulated gains continues to dominate price action.

(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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