Financial Update: Shenzhen Urovo Technology Co Ltd

On June 23, 2025, the financial markets witnessed a significant uptick across various sectors, with notable gains in A shares, Hong Kong shares, and the A50 index. The Shenzhen Stock Exchange, where Shenzhen Urovo Technology Co Ltd is listed, saw its primary exchange index rise by 0.65%, while the Shenzhen Component Index and the ChiNext Index increased by 0.43% and 0.39%, respectively. The Northbound 50 Index surged over 1.5%, with leading stocks such as Changhong Energy and China Shipping Offshore & International experiencing substantial gains.

Sector Performance

The market saw strong performances in software, port, energy equipment, and aerospace and defense sectors. Notably, the concept stocks related to stablecoins and digital currencies gained momentum. However, stocks associated with computing power, alcohol, pharmaceuticals, and IP economy showed weaker performance.

Hong Kong Market Highlights

In Hong Kong, the Hang Seng Tech Index’s gains expanded to 1% in the afternoon. The semiconductor and gold jewelry sectors were particularly strong, with stocks like Hua Hong Semiconductor and SMIC rising nearly 5%. The Hang Seng Index also turned positive.

Cross-Border Payment Stocks Surge

Cross-border payment concept stocks saw increased activity, with stocks like LakaLa and Advanced Communication Technology rising over 10%, and several others hitting their 10% price increase limits. This surge followed the official launch of the Cross-Border Payment Network, a collaboration between the People’s Bank of China and the Hong Kong Monetary Authority, facilitating real-time cross-border remittances between mainland China and Hong Kong.

Stablecoin Concept Stocks Rise

Stablecoin concept stocks experienced another round of gains, with companies like Four-Direction Precision Technology rising over 10%, and others like Youbo Xin and Hailian Jinhu hitting their price increase limits. This was influenced by the significant rise of the stablecoin Circle in the U.S. market, which saw a 20% increase, marking a sixfold increase since its listing.

Innovation in AI and Pharmaceuticals

The AI glasses concept saw a rebound, with stocks like Daylong Optoelectronics hitting their price increase limits, driven by positive institutional reports and upcoming industry events. Meanwhile, the innovative drug concept also saw a rebound, with stocks like Sile Medical hitting their price increase limits, buoyed by regulatory developments.

Shenzhen Urovo Technology Co Ltd Overview

Shenzhen Urovo Technology Co Ltd, listed on the Shenzhen Stock Exchange, specializes in industrial mobile devices, serving sectors such as logistics, retail, manufacturing, medical, and government. The company’s offerings include rugged wearables, enterprise smartphones, and smart POS payment terminals. As of June 19, 2025, the company’s closing price was 17.62 CNY, with a market capitalization of 5.10 billion CNY. The stock reached a 52-week high of 20.7 CNY on October 8, 2024, and a low of 8.98 CNY on July 17, 2024.

This financial update highlights the dynamic nature of the market, with significant movements in technology, payment, and pharmaceutical sectors, reflecting broader economic trends and technological advancements.