Movement Alert|Guofu Quantum Falls 3.07% in Regular Trading, Strategic Cooperation MOU with Yitu Bioscience Continues to Be Digested as Stock Extends Pullback

Market Focus05-21

On May 21, Guofu Quantum declined 3.07% in regular trading, trading at 8.87 HKD/share, with trading volume of approximately 28.87 million HKD.

On the news front, the company previously signed a strategic cooperation Memorandum of Understanding with Yitu Bioscience, under which the two parties intend to collaborate via a milestone-based licensing model across three areas: quantum AIDD platform operations, a quantum frontier technology investment fund, and the co-construction of a quantum computing center in Hong Kong. The news had driven sharp gains on May 11 and 12, after which the stock entered a multi-day pullback starting May 13. A brief stabilization on May 18 failed to hold, and the stock has resumed its downward trajectory.

Notably, the MOU explicitly states it is not legally binding. Today, sector peers in Investment Banking and Brokerage rose broadly — CITIC SEC up 4.6%, CMSC up 4.16%, CGS up 3.15%, CICC up 2.87%, and GUOTAI JUNAN I up 2.65% — highlighting Guofu Quantum's relative weakness as the market maintains a wait-and-see stance on substantive deal progress.

(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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