EACON

Eacon Intelligent Driving slid further in the afternoon session to close at HKD 78.80, down 5.1%, hitting a fresh all-time low, primarily due to continued selling pressure from the partial exercise of the over-allotment option and the end of the stabilization period. The company reported Q4 2025 revenue of HKD 571.5 million, up 0.53% YoY, but operating loss widened to HKD 65.3 million, a 38.86% YoY increase, while net loss narrowed 37.38% to HKD 78.8 million and net profit margin improved to -13.78%. The stock now trades 22.13% below its 52-week high of HKD 101.2 and significantly below both MA20 (HKD 87.08) and MA60 (HKD 87.74), with a YTD decline of 18.51%.

Eacon Intelligent Driving opened 6.0% lower Monday morning and continued to slide, closing at HK$78.2, down 5.9%, driven by the partial exercise of over-allotment options and the end of the stabilization period, during which the stabilizing manager had purchased 1,148,750 shares at HK$77-HK$87.9. Q4 revenue edged up 0.5% YoY to HK$571.5 million, net loss narrowed 37.4% to HK$78.8 million, but EPS remained negative at HK$0.646 and operating loss widened 38.9%. The stock is now 22.7% below its 52-week high of HK$101.2, trading below MA20 (HK$87.5) and MA60 (HK$87.9), with a year-to-date decline of 19.1%. However, some buying interest emerged during the session, reflecting long-term attention on its autonomous mining commercial deployment.

EACON Group opened sharply lower in the morning session, trading at HK$83.200 by 09:57 BJ, down 5.6% from the previous close of HK$88.100, mainly pressured by the stabilization period's conclusion and partial exercise of the over-allotment option, after the stabilization manager purchased 1,148,750 shares in the HK$77-HK$87.9 range. The intraday low hit HK$83.200, following an open of HK$88.100, with a thin volume of only 5,200 shares. Q4 2025 revenue edged up 0.53% YoY to HK$571.5 million, net loss narrowed 37.38% to HK$78.8 million, and net margin improved to -13.78%, though operating loss widened to HK$65.3 million. The stock now trades 17.79% below its 52-week high of HK$101.2 and well below the MA20/MA60 of HK$88.642, with a YTD decline of 13.96%. Nevertheless, the stock had surged 14% on its debut, reflecting lingering optimism around its autonomous mining solutions.

Yikong Zhijia opened higher and rallied in the morning session, closing up 5.63% at HK$91, with an intraday range of HK$87-91. The gain was driven by narrowed Q4 net loss of HK$78.78 million, a 37.38% YoY improvement, and net profit margin recovery from -22.13% to -13.78%, though operating profit fell 38.86% YoY on higher expenses. The stock, still 10.08% below its 52-week high of HK$101.2, has rebounded 19.74% from a low of HK$76, and now sits exactly at the 20-day MA of HK$90.24, providing technical support. However, YTD decline of 5.89% and a negative P/E of -23.47x underscore persistent unprofitability, while a high P/B of 11.95x suggests elevated valuation.

Yi Kong Zhi Jia (E-Controls) gapped down and extended losses intraday, at one point falling over 5%, as post-listing correction pressure continued amid a lack of near-term catalysts. Opening at HK$88.5, the stock quickly dropped to an intraday low of HK$84.8 before recovering to close at HK$87.0, down 1.0% from the previous close of HK$87.9. Since hitting a 52-week high of HK$101.2 on July 7, the stock has retreated 14.0% from that peak and now trades below its 20-day moving average of HK$90.25, suggesting a bearish technical setup. On the earnings front, Q4 2025 revenue grew a modest 0.5% YoY to HK$571.5 million, while the net loss narrowed 37.4% to HK$78.8 million, though the net profit margin remained negative at -13.8%. Still, the company's recent national award recognition in mining technology provides some counterbalance, but overall market sentiment remains cautious.