On May 21, Zhida Tech fell 6.15% in regular trading, trading at 18.22 HKD/share, with trading volume of approximately 31.51 million HKD. The decline represents a continuation of the pullback trend that began on May 14.
The stock had previously surged on a series of positive developments, including a cooperation memorandum signed with Shanghai Qiyuan Xindongli Technology (a subsidiary of State Power Investment Corporation) covering EV trucks, mining machinery, battery swap stations, and energy storage equipment in overseas markets; the launch of home-use automatic charging robots and unmanned public charging solutions; inclusion in the Hang Seng Composite Index and Stock Connect lists; and a 71.3% year-over-year surge in charging pile sales at its Thailand subsidiary from January to April, with new contracts signed with MG, OMODA, and other global automotive brands.
Following the significant short-term cumulative gains driven by these catalysts, profit-taking pressure continues to weigh on the stock as prior positive developments are gradually priced in, extending the correction for a sixth consecutive trading day.
(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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