Movement Alert｜Robotphoenix Intelligent Technology Falls 5.88% in Regular Trading, Third-Day Post-IPO Pullback Continues Amid Structural and Fundamental Concerns

Market Focus

May 20

On May 20, Robotphoenix Intelligent Technology declined 5.88% in regular trading, trading at 47.0 HKD/share, with trading volume of HKD 8.32 million. The stock extended its post-IPO retreat on its third trading day.

The decline continues a sharp reversal from the company's blockbuster debut on May 18, when shares surged over 76% from the IPO price of 30.5 HKD. The stock fell more than 11% on its second day. Market analysts attribute the sustained selling pressure to the company's \"bare\" issuance structure — no cornerstone investors and no greenshoe stabilization mechanism — leaving the stock without institutional support. All internationally placed shares were freely tradeable from day one, amplifying volatility.

Fundamentally, the company remains in persistent losses, with adjusted net losses of approximately RMB 106 million, 52.3 million, and 86.6 million in 2023 through 2025 respectively. Operating cash outflows expanded significantly to RMB 180 million in 2025, while cash reserves stood at only RMB 50 million at year-end, intensifying profit-taking sentiment among early buyers.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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