Movement Alert|ZHIDA TECH Declines 8.32% in Regular Trading, Profit-Taking Pressure From Prior Charging Robot Rally Continues

Market Focus07-28

On July 28, ZHIDA TECH fell 8.32% in regular trading, trading at HKD 14.01/share, with turnover of HKD 45.29 million. The decline reflects ongoing profit-taking pressure following the stock's sharp rally driven by charging robot industry catalysts since late June.

The company's shares surged over 30% on July 6 and gained nearly 19% intraday on July 13, fueled by milestones including the establishment of a dedicated annual 10,000-unit charging robot production base in Ningbo and the launch of its AI Energy + Robot integrated strategy on July 16. However, the stock subsequently entered a sustained correction, dropping 19.28% on July 17 and recording consecutive declines exceeding 5% from July 20 to 22. While a 5.92% rebound occurred on July 27, trading volume was notably lower than previous rebounds, signaling cautious market participation. Today's continued weakness indicates that profit-taking from the prior rally has not been fully absorbed, with the short-term adjustment trend extending.

(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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