Movement Alert|Jitai Technology-P Rises 5.07% in Regular Trading, Clarification on CSRC Report Boosts Market Confidence

Market Focus05-27

On May 27, Jitai Technology-P rose 5.07% in regular trading, trading at HK$17.35 per share, with trading volume of HK$16.67 million.

On the news front, the company issued a clarification announcement on May 26 addressing media reports claiming that the China Securities Regulatory Commission had sent supplementary information disclosure requests to 38 companies including Jitai Technology. The company explicitly stated that the report was inaccurate and misleading, confirming it has not received any request for supplementary materials since obtaining its CSRC filing notice.

The stock had previously plunged over 12% intraday on May 26 due to the unverified media report. The formal clarification effectively dispelled market concerns, triggering a recovery rebound. Since its IPO on May 13 at HK$10.50 per share, where it surged 173% on debut, the stock had experienced sustained pullback pressure due to early-stage commercialization uncertainties, cumulative losses of approximately RMB 1.5 billion over three years, and profit-taking from international placing shares without lock-up restrictions.

(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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