On July 17, Estun Automation declined 5.81% in regular trading, trading at 20.6 HKD/share, with turnover of 106 million HKD. The stock had previously surged over 14% across two consecutive sessions following its H1 earnings pre-announcement projecting attributable net profit of 150-180 million yuan, representing year-over-year growth of 2,145%-2,594%.
However, market participants noted that Q2 single-quarter net profit is estimated at approximately 52-82 million yuan, declining 16%-46% sequentially from Q1's 97.84 million yuan, raising concerns about earnings sustainability. Short-term profit-taking pressure intensified following the rapid run-up.
The broader Industrial Machinery sector faced widespread selling pressure, with UBTECH Robotics down 4.68%, Geekplus down 7.75%, DOBOT down 8.18%, and Sanhua down 3.03%, amplifying the pullback through sector-wide resonance.
(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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