On May 22, Robotphoenix Intelligent Technology (06871.HK) rose 5.71% at open, trading at 33.3 HKD per share, with trading volume of HK$422,900. The stock rebounded after three consecutive trading days of sharp decline following its May 18 IPO, during which it retreated over 40% from its first-day high of 59.65 HKD to as low as 32.18 HKD.
The rebound comes as short-term selling pressure eased with the stock approaching its 30.5 HKD IPO price. On the news front, the company announced on May 19 a comprehensive strategic partnership with BrainCo, formally entering the brain-computer interface and physical AI integration sector, with joint development planned in high-bionic dexterous limbs and brain-machine collaborative control algorithms.
The stock had been pressured by its lack of cornerstone investors and greenshoe mechanism, combined with persistent net losses of approximately RMB 106 million, 52.3 million, and 86.6 million from 2023 to 2025 respectively, and continuous operating cash outflows that had fueled aggressive profit-taking after its 76% first-day surge.
Robotphoenix Intelligent Technology is a leading Chinese industrial robot company specializing in the design, development, manufacturing, and commercialization of robots for light industry applications, offering comprehensive solutions spanning parallel robots, mobile robots, SCARA robots, and six-axis industrial robots.
(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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