On August 19, HANS CNC fell 4.99% in regular trading, trading at 113.0 HKD/share, with turnover of HKD 29.29 million.
On the news front, the industrial machinery sector experienced a broad sell-off, with peers including Estun down 7.73%, Dobot down 7.04%, and UBTECH Robotics down 6.49%. Despite the company having previously issued a positive profit alert forecasting first-half net profit of approximately RMB 9 billion to 10 billion, representing year-over-year growth of 242% to 280%, institutional funds appear to be taking profits ahead of the board meeting scheduled for August 20 to review interim results. Additionally, GIC Private Limited reduced its holdings by 270,000 shares on August 7 at approximately HKD 109.48 per share, bringing its stake to 11.74%. The combination of systematic sector rotation and staged institutional de-risking weighed on short-term sentiment.
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