On September 15, ZHIDA TECH (02650.HK) declined 8.39% in regular trading, trading at HKD 8.785 per share, with turnover of approximately HKD 164 million. The stock has now fallen for three consecutive sessions since its dramatic 107% single-day surge on September 10.

The ongoing selloff reflects intensifying profit-taking following the sharp rally triggered by the companys AI-powered home charging robot debut at the Inclusion Bund Conference in Shanghai. While the product demonstration attracted significant market attention, analysts have noted that charging robot commercialization remains in its early stages and large-scale revenue contribution requires time.

Fundamentally, the company reported widening losses in its interim results released on August 17, with net losses expanding to RMB 117 million amid a 13.3% revenue decline, as domestic charging pile price wars eroded margins. Additionally, an upcoming large-scale lock-up share expiry in October continues to weigh on sentiment, adding selling pressure from potential early-stage shareholder exits.

(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.)