HK Stock Market Move | Fibocom Wireless Inc. (00638) fell nearly 6%, with stock prices hitting a new low since their listing. The cumulative decline has exceeded 20% since entering the market.

Fibocom Wireless Inc. (00638) fell nearly 6%, hitting 15.4 Hong Kong dollars, setting a new low since its listing. The stock has dropped by over 20% since officially being included in the Hong Kong Stock Connect on November 17th. As of the time of writing, it fell by 5.77% to 15.51 Hong Kong dollars, with a turnover of 27.8411 million Hong Kong dollars. In terms of news, the Shanghai and Shenzhen Stock Exchanges previously announced that Fibocom Wireless Inc. has been included in the Hong Kong Stock Connect list, effective from November 17th. Fibocom Wireless Inc.'s third quarter report for 2025 shows that the company achieved operating income of 5.366 billion yuan in the first three quarters, a decrease of 13.69% year-on-year. Excluding the impact of the Ruilong Wireless automotive pre-installed wireless communication module business, the operating income from continued operations increased by 7.32% year-on-year; achieving a net profit attributable to the parent company's shareholders of 316 million yuan, a decrease of 51.50% year-on-year. Excluding the impact of the Ruilong Wireless automotive pre-installed wireless communication module business, the net profit attributable to the parent company's shareholders from continued operations decreased by 2.19% year-on-year. According to Zheshang, Fibocom Wireless Inc. is actively cultivating new growth poles in the areas of AI on the client side and Siasun Robot & Automation. In terms of AI toys, the company has mature solutions that can provide communication modules, MagiCore chip box solutions, and complete machine products according to customer needs; in terms of AR glasses, collaboration with leading customers is accelerating the commercialization process; in the Siasun Robot & Automation business, there are two business directions, including Siasun Robot & Automation for mowing and Siasun Robot & Automation for smart bodies.