LONGCHEER

Shanghai Longcheer Technology (9611.HK) opened lower and fell intraday, closing down 4.97% at HK$21.04, driven by a sharp deterioration in Q1 2026 earnings: revenue dropped 14.62% YoY to HK$8.575 billion, net profit plunged 89.42% YoY to HK$17.47 million, and EPS was only HK$0.034, a 90.38% YoY decline. The stock staged a high-to-low reversal, hitting a morning high of HK$22.24 before sliding to an intraday low of HK$21.00 in the afternoon session, ultimately finishing near the trough. The current price is 42.92% below the 52-week high of HK$36.86 and remains below both the MA20 (HK$22.12) and MA60 (HK$24.08), with a YTD decline of 34.45%. Recent share buybacks and cancellations failed to offset earnings concerns; however, the PE of 21.75x and PB of 1.34x, along with a Q1 ROE of 0.94%, suggest the valuation is not extreme.

Shanghai Longcheer Technology experienced a sharp rally and subsequent decline during the morning session today. Opening at HKD 23.34, which was near the intraday high of HKD 23.24, the stock then fell steadily to close the morning at HKD 21.56, down 5.02% with a turnover of HKD 8.12 million. The intraday weakness was largely attributed to lingering concerns from a prior profit warning, which cited weaker demand and higher costs. While the company posted a 16.8% increase in annual net profit to RMB 585 million for 2025 and declared a final dividend of RMB 0.50 per share, the stock remains deep in its 52-week low territory, trading 41.5% below its 52-week high of HKD 36.86 and down 32.8% year-to-date, while also sitting below both its 20-day (HKD 23.37) and 60-day (HKD 24.14) moving averages. A recent Buy rating from a brokerage and management's comments on humanoid robots addressing factory labor shortages provide a potential long-term narrative, though near-term sentiment remains cautious.

Longcheer Technology opened its first trading day up 4.5% at HKD 24.02, driven by its relatively low IPO pricing and market interest in the leading smartphone ODM. The stock hit an intraday high of HKD 24.04 and a low of HKD 24.00, a narrow range of HKD 0.04, with light trading volume of 39,500 shares worth approximately HKD 940,000 as of 9:31 AM BJ. The current price is 34.83% below the 52-week high of HKD 36.86 but 16.04% above the 52-week low of HKD 20.70, and it stands above the 20-day moving average of HKD 23.61 while still trailing the 60-day MA of HKD 24.22, indicating short-term stabilization but a medium-term downtrend. The company was listed on the Hong Kong Stock Exchange today (January 22, 2026), controlled by Chairman Du Junhong with 18,655 employees; no recent earnings or target price data are available.

9611.HK staged a sharp intraday reversal, closing up 5.98% at HKD 23.380 after a low open, with a high of HKD 23.380 and a low of HKD 21.520, representing an 8.6% range. The main catalyst was positive sentiment around humanoid robots: the company's AGIBOT humanoid robot completed a 64-hour factory work livestream, and a separate report highlighted the potential of humanoid robots to address factory labor shortages. Turnover reached HKD 9.44 million on 427,600 shares, a significant pickup from the prior session. Valuation metrics show a PE of 24.17x, PB of 1.49x, dividend yield of 2.44%, and a market cap of approximately HKD 12.22 billion. However, the company recently issued a profit warning citing weaker demand and higher costs, and its annual net profit of HKD 585 million, up 16.8% YoY, suggests the fundamental support for the rally remains to be confirmed.

Longcheer Holdings (9611.HK) opened flat at HKD 24.46 in the morning session and closed unchanged, up 5.89% from the previous close of HKD 23.10, but with a volume of only 800 shares, indicating strong market caution. The company's Q1 2026 earnings showed revenue fell 14.62% YoY to HKD 8.575 billion, while net profit plummeted 89.42% YoY to HKD 17.47 million, with EPS of only HKD 0.034, down 90.38% from the same period last year, reflecting significant fundamental pressure. The current price is 33.64% below the 52-week high of HKD 36.86 and sits below both the 20-day MA (HKD 24.02) and 60-day MA (HKD 24.34), suggesting a weak technical picture. However, the stock remains 18.16% above its 52-week low of HKD 20.70, and trades at a P/E of about 25.28x and a P/B of 1.56x, indicating the market still assigns a premium valuation.