Hong Kong Stock Movement: IMOTIONTECH Plummets 27.64%

Hong Kong Stock Movement IMOTIONTECH plummeted 27.64%. Based on recent important news: On September 8, the Shenzhen Stock Exchange adjusted the list of eligible securities for the Hong Kong Stock Connect, removing IMOTIONTECH, which led to a significant drop in stock price of 28.29%. This event triggered market panic, causing investors to sell off shares, resulting in a sharp decline in stock price. Data source: Jinwu Financial News. On September 8, Chery Automobile passed the hearing at the Hong Kong Stock Exchange and is expected to be listed in Hong Kong in mid to late September, raising up to $2 billion. This news had a positive impact on the automotive industry but failed to alleviate the decline of IMOTIONTECH. Data source: Hongqi Tiangong. On September 8, the promotion of new energy vehicles in rural areas continued, with increased policy support and accelerated construction of charging infrastructure. This industry trend did not directly affect the stock price of IMOTIONTECH. Data source: Xiao Ou AI. The adjustment of the Hong Kong Stock Connect affected market sentiment. Stocks with High Trading Volume in the Industry Zhongxin Innovation fell 0.14%, with a trading volume of HKD 762 million. Based on recent important news: On September 4, Xiamen Jinyuan Investment Group reduced its holdings in Zhongxin Innovation by 2.2783 million shares, leading to a decline in market confidence in the company and putting pressure on the stock price. The average reduction price was HKD 24.8569, totaling approximately HKD 56.6315 million. Source: Zhitong Finance. On September 4, Zhongxin Innovation completed the conversion of 149.8 million domestic shares into H shares, increasing the number of circulating shares in the market, which created short-term pressure on the stock price. Source: Zhitong Finance. On September 5, after the full circulation of Zhongxin Innovation's H shares, the stock price fluctuated, peaking at HKD 28.06, an increase of 13.51%, but then fell back. Source: Huigang Communications. The private aviation market is rapidly developing, and profitability is optimizing. Minth Group rose 3.26%, with a trading volume of HKD 189 million. Based on recent important news: On September 5, Minth Group released its mid-year report for 2025, showing a year-on-year revenue growth of 10.79% and a year-on-year net profit attributable to shareholders growth of 19.51%. The battery box business received multiple orders, with overseas revenue contributing the main increment, driving the stock price up. Data source: Yongxing Securities Research Report. On September 5, Minth Group made significant breakthroughs in the battery box and vehicle chassis structural components business, receiving orders from several domestic clients such as Great Wall and Geely, and entering the Chery battery box business for the first time, driving the stock price up. Data source: Yongxing Securities Research Report. On September 5, Minth Group's overseas revenue performed strongly, mainly due to the rapid growth of the battery box and structural components business in the European market, driving the stock price up. Data source: Yongxing Securities Research Report. Stocks with High Market Capitalization in the Industry Fuyao Glass rose 0.84%, with a market capitalization of HKD 188.4 billion. Based on recent important news: On September 4, Fuyao Glass announced an international patent application titled "A Vehicle Window Glass and Vehicle," indicating the company's continued investment in technological innovation, which drove the stock price up. Data source: Securities Star. Industry innovation drives stock price increase