HK Stock Market Move | The popular stock Mekaman De Siasun Robot & Automation (09615) fell over 5% to a new low, with a cumulative drop of over 20% in four days since its listing.

Meikamanade Siasun Robot & Automation (09615) continued its downward trend today, at one point falling nearly 9% to a low of HKD 75.4, a new low since its listing. As of the time of writing, it has dropped 5.67%, trading at HKD 78.15, with a transaction volume of HKD 56.1415 million. In terms of news, Meikamanade Siasun Robot & Automation was listed on the Hong Kong Stock Exchange on September 1. Since its debut, it has seen a continuous decline over four trading days, with a cumulative drop of approximately 23%. Notably, the stock's weakness post-listing sharply contrasts with the fervor seen during its previous IPO stage. As the first stock in the Hong Kong market characterized as having "embodied eyes, brain, and hands," Meikamanade's public offering attracted approximately 3835.36 times oversubscription, drawing around 252,500 applicants. After triggering the allocation mechanism, the proportion of the public offering increased to 20%, setting a new record for the subscription of the Siasun Robot & Automation IPO in 2026. In terms of performance, Meikamanade's revenue is expected to grow from HKD 181 million in 2023 to HKD 389 million in 2025, but the company remains in a loss-making state, with cumulative net losses attributable to shareholders exceeding HKD 1 billion from 2023 to 2025. Guotou Securities International reminds that the company is in a phase of business and operational expansion, continuously increasing its R&D investment while incurring net losses; it has a high customer concentration, meaning that any decline in demand from major partners or changes in cooperative relationships could put pressure on operational stability; the technical adaptation and market acceptance in its global expansion require time for verification.