--- title: "Hong Kong stock movement: ZHIDA TECH's new product launch and strategic cooperation failed to boost the market, with the stock price plummeting by 15.70%" type: "News" locale: "en" url: "https://longbridge.com/en/news/284315482.md" description: "ZHIDA TECH fell 15.70%; Contemporary Amperex Technology Co., Limited fell 7.03%, with a transaction volume of HKD 6.716 billion; Huiju Technology fell 5.03%, with a transaction volume of HKD 82.1 million; Zhaowei Electromechanical fell 8.45%, with a transaction volume of HKD 60.2 million; Signew Energy fell 2.64%, with a market value of HKD 132.3 billion" datetime: "2026-04-28T05:22:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284315482.md) - [en](https://longbridge.com/en/news/284315482.md) - [zh-HK](https://longbridge.com/zh-HK/news/284315482.md) --- # Hong Kong stock movement: ZHIDA TECH's new product launch and strategic cooperation failed to boost the market, with the stock price plummeting by 15.70% **Hong Kong Stock Movement** ZHIDA TECH fell by 15.70%. Based on recent key news: 1. On April 25, ZHIDA TECH held a partner conference in Beijing, launching three core new products and signing multiple ecological cooperation agreements. The new products include a home automatic charging robot, an unmanned public charging solution, and overseas communication piles, aiming to create an unmanned charging ecological closed loop. This move failed to boost market confidence, leading to a decline in stock price. 2. On April 26, ZHIDA TECH announced the signing of strategic cooperation agreements with several companies, involving areas such as unmanned driving, charging infrastructure layout, and overseas localization services. Despite the broad prospects for cooperation, market reaction was tepid, and the stock price continued to be under pressure. 3. On April 27, the market held a wait-and-see attitude towards the long-term impact of ZHIDA TECH's new product launches and cooperation agreements, resulting in further declines in stock price. Industry innovation is accelerating, and market reactions are cautious. **Stocks with High Trading Volume in the Industry** CATL fell by 7.03%. Based on recent key news: 1. On April 28, CATL announced the placement of 62.385 million new H shares at a placement price of HKD 628.2 per share, a discount of about 7% compared to the previous day's closing price. This move aims to raise funds for global new energy project construction and zero-carbon business layout, leading to a decline in stock price. Source: Zhitong Finance 2. On April 28, CATL conducted large transactions in the Hong Kong market, with a trading volume exceeding HKD 200 million, indicating market reaction to its placement plan. Source: Huigang Communications 3. On April 27, CATL announced it raised approximately USD 5 billion through the Hong Kong placement, becoming one of the largest equity financings in the Hong Kong market by 2026, further consolidating its competitive position in the global new energy battery industry. Source: Bloomberg New Energy Industry Demand is Strong, Market is Active. HuiJu Technology fell by 5.03%, with a trading volume of HKD 82.1 million, and no significant news recently. Trading is active, with clear capital flow. Considering sector and industry trends, the stock shows significant volatility, and specific reasons need further observation. Zhaowei Electromechanical fell by 8.45%. Based on recent key news: 1. On April 28, Zhaowei Electromechanical released its Q1 2026 report, showing a year-on-year decrease in operating income of 2.74% and a year-on-year decrease in net profit of 25.15%, leading to a decline in stock price. Source: Zhitong Finance 2. On April 28, Zhaowei Electromechanical plans to invest approximately HKD 800 million to build a dexterous hand and micro-drive system industrial park project, further increasing its investment in the robotics sector. Source: Zhitong Finance 3. On April 28, Zhaowei Electromechanical's stock fell over 7% after earnings, closing at HKD 61.85, with a trading volume of HKD 18.6038 million. Source: Zhitong Finance The liquidity environment in the Hong Kong stock market affects corporate capital operation choices. **Stocks with High Market Capitalization in the Industry** Sige New Energy fell by 2.64%. Based on recent key news: 1. On April 25, the Hong Kong IPO market experienced "stock manipulation" chaos, raising investor concerns that such operations could undermine the current prosperous situation. Such behavior has exacerbated market instability, affecting Sige New Energy's stock performance Source: China Venture 2. Recently, the U.S. market has seen financial innovations characterized by "different valuations in the same round," and the Chinese VC market has also shown similar signs of madness. This market volatility may affect investor confidence, leading to a decline in the stock price of SiGe New Energy. Source: China Venture 3. Concerns about market bubbles have increased among investors. Although some investors remain optimistic about long-term investments, the uncertainty in the market continues to impact the stock price of SiGe New Energy. Source: China Venture The Hong Kong IPO market is experiencing increased volatility, and risks need to be monitored ### Related Stocks - [02650.HK](https://longbridge.com/en/quote/02650.HK.md) ## Related News & Research - [Shanghai Zhida Wins Full Shareholder Backing for AGM Resolutions, Capital Mandates and Governance Changes](https://longbridge.com/en/news/284029110.md) - [China Set To Show Its Consumption Slump Extends To Another Quarter](https://longbridge.com/en/news/286681865.md) - [Trump Dodges On Whether Violent Jan. 6 Rioters Should Get Payouts From New Fund](https://longbridge.com/en/news/286826873.md) - [14:47 ET6th Annual Midwest Design Awards Entry Period Now Open](https://longbridge.com/en/news/286808240.md) - [TABLE-Asian physical rubber prices - May 19](https://longbridge.com/en/news/286870664.md)