The Zhitong Finance App learned that robotics concept stocks continued their recent decline. As of press release, Johnson Electric Holdings (00179) fell 3.84% to HK$18.02; Lansi Technology (06613) fell 2.40% to HK$22.12; Sanhua Intelligent Control (02050) fell 2.36% to HK$24.02; and Zhaowei Mechatronics (02692) fell 2.11% to HK$37.2.
According to the news, on September 11, Yushu's stock price fell to 498 yuan, a new low since listing. The total market value fell below 200 billion yuan. Compared with the opening peak of 444.9 billion yuan on the first day of listing last month, the market value has evaporated by more than 240 billion yuan. In addition, according to statistics from high-powered robots, in August of this year, the entire physical intelligence industry completed a total of 58 financing cases, totaling 25.664 billion yuan, a decrease of more than 18% over the previous month.
It is worth noting that the agency clearly disagreed with Yushu Technology's valuation judgment. Nomura Securities gave a “buy” rating on the first day of listing, but the target price was only 370 yuan/share; CITIC Securities gave a reasonable market capitalization range of 50.6 billion yuan to 55.9 billion yuan; CCB International's target price was 269 yuan/share, corresponding to a market value of about 109 billion yuan. However, even after experiencing a downturn, Yushu Technology's current static price-earnings ratio is as high as 877 times, far higher than the industry average of 38.56 times that of the general equipment manufacturing industry.