HK Stock Market Move | Siasun Robot&Automation concept stocks extend their decline. Rumor has it that the IPO threshold for humanoid Siasun Robot&Automation has been raised. Unitree's stock price has retraced nearly 60% from its peak.

Siasun Robot&Automation concept stocks extend their decline. As of press time, Lens Technology (06613) fell 4.83% to HK$20.88; Mech-Mind Siasun Robot&Automation (09615) dropped 3.22% to HK$81.05; Zhejiang Sanhua Intelligent Controls (02050) declined 3.15% to HK$23.4; DOBOT (02432) fell 2.24% to HK$20.08. On the news front, according to Caizhongshe citing foreign media reports, the China Securities Regulatory Commission has recently issued informal "window guidance" to some investment banks and investment institutions, explicitly raising the approval threshold for IPOs of humanoid Siasun Robot&Automation companies: prospective listed companies must demonstrate the ability to generate recurring revenue, be on a trajectory of narrowing losses, or have achieved genuine technological innovation before their listing applications can be considered for approval. It is worth noting that Unitree closed down at 469.8 yuan today, having retraced over 57% from its highest price of 1,100 yuan on its first day of listing, with its total market capitalization falling to 190 billion yuan. In addition, on September 9 and 10, Shao Tianlan, founder and CEO of Mech-Mind, posted consecutively on WeChat Moments, claiming that some "deal-assembling" embodied intelligence companies manufacture fake revenue through related-party transactions, and named Galaxy General, which is currently pursuing an IPO.