On August 24, ESTUN fell 5.04% in regular trading, trading at HK$16.94/share, with turnover of HK$48.08 million. The decline reflects a combination of continued sector-wide selling pressure following Unitree Technology's STAR Market debut and concerns over the company's sequential earnings deterioration in the second quarter.
The robotics sector extended its post-Unitree IPO correction, with peers UBTECH Robotics down 4.71%, Dobot down 5.72%, and Hans CNC down 6.6%, as the landmark listing continued to trigger a reallocation of capital within the sector. Unitree listed on August 19 with a 629% opening premium, creating a siphon effect that has weighed broadly on existing robotics names.
Meanwhile, ESTUN's interim results disclosed on August 21 showed H1 net profit of RMB 161.3 million, surging 2,314% year-over-year from a low base. However, Q2 standalone net profit of RMB 63 million declined 35% sequentially from Q1's RMB 98 million, signaling weakening growth momentum and triggering fund divergence on valuation sustainability.
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