On July 20, Laifual Drive (03952.HK) declined 6.12% in regular trading, trading at 62.05 HKD/share, with turnover of approximately 20.48 million HKD. The stock extended its sustained correction since touching its post-listing high of 119.6 HKD on July 7, with the cumulative drawdown now approaching 50%.
The selloff reflects ongoing profit-taking following an explosive post-IPO rally. Laifual Drive listed on the HKEX on June 30 and surged nearly 70% over three trading sessions, driven by Unitree Technology's STAR Market IPO registration taking effect, which broadly lifted the robotics sector. With that catalyst now fully digested and early buyers locking in gains, the stock has fallen well below its IPO price of 85.5 HKD.
Laifual Drive is a leading Chinese precision transmission component provider for robotics. By shipment volume, the company ranks second in China's harmonic reducer market with a 21.4% share. It is one of only two domestic manufacturers to have achieved mass delivery of harmonic reducers for humanoid 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.)
Comments