Zhejiang FORE Intelligent Technology Co. Ltd.: Market Dynamics Amid a Surge in Robot‑Sector Sentiment
The Shenzhen‑listed Zhejiang FORE Intelligent Technology Co. Ltd. (stock code 301368) experienced a sharp decline in trading on 18 September 2025, following a day of intense institutional activity and broader market enthusiasm for the robotics industry. The company’s stock price fell 5.76 % that day, bringing the 52‑week low‑to‑high range to a notable spread from 31.72 CNY to 101.04 CNY, while the market capitalization stood at roughly 9.86 billion CNY and the price‑earnings ratio surged to 1,077.7, reflecting high valuation expectations relative to earnings.
1. Heavy Institutional Outflow on 18 September
According to data released by Xueqiu on 18 September, Zhejiang FORE Intelligent Technology’s net large‑block (dde) outflow reached 145 million CNY. The net outflow per share, calculated as the large‑block outflow divided by the circulating shares, was –2.83 %. This figure placed the stock at 5140‑5141 in the main and deep‑stock lists, indicating a relatively weak standing among peers.
The high turnover rate and the negative net block flow suggest that professional investors were more inclined to sell than buy, potentially due to concerns about short‑term liquidity or a reassessment of the company’s valuation in light of recent market moves. The advisory note accompanying the data urged investors to exercise caution and to limit exposure in the short term.
2. Participation of the Deep‑Stock Exchange (Shenzhen–Hong Kong Stock Connect)
On 17 September, the Shenzhen Stock Connect (深股通) played a significant role in shaping the day’s trading landscape. The Eastmoney report highlighted 12 stocks that appeared on the 龙虎榜 (order‑book ranking) with dedicated Shenzhen Stock Connect seats. Zhejiang FORE Intelligent Technology’s code 301368 was among these, with a net inflow of 144 million CNY and a daily gain of 8.52 %. Its turnover rate for the day was 35.22 %, signalling robust trading volume.
Other notable participants on the same day included 恒宝股份 (2,102 million CNY), 蔚蓝锂芯 (1,263 million CNY), and 豪恩汽电 (3,932 million CNY). These figures illustrate the depth of foreign and institutional interest in the sector, especially within the robotics and related technology arenas.
3. Surge in Robot‑Concept Stock Activity
The same period witnessed a broader rally in robot‑concept stocks. Two separate Eastmoney articles dated 17 September described a “robotic wave” that saw shares such as 豪恩汽电, 利和兴, and 坤盛股份 surge by as much as 14 %. Within this wave, Zhejiang FORE Intelligent Technology was reported to have risen 12 % in early trading, reflecting investor optimism around the company’s role in the growing humanoid and service‑robot market.
This enthusiasm was reinforced by discussions on Xueqiu, where early‑morning reports noted that the company’s shares were part of a larger cohort of robotics‑focused firms gaining traction, thanks to developments from industry leaders like Tesla, whose recent unveiling of the Optimus Gen 3 design has spurred speculation about the next generation of humanoid robots.
4. Contextual Market Conditions
The overall market environment on 17–18 September was supportive of technology and growth‑oriented sectors. The Shanghai Composite index gained 0.41 %, the Shenzhen Component index rose 1.02 %, and the ChiNext index surged 1.74 %. Early trading on 17 September also saw a strong performance from semiconductor and chip‑related stocks, with the leading chip manufacturer reaching a historic high.
In contrast, the heavy outflow from Zhejiang FORE Intelligent Technology on 18 September suggests a short‑term correction or a temporary reassessment by large‑block traders, possibly triggered by a mismatch between the bullish sector sentiment and the company’s high valuation multiple.
5. Implications for Investors
The day’s events underline several key points for market participants:
- High Valuation Risk: The company’s price‑earnings ratio exceeding 1,000 indicates that investors are paying a premium for future growth prospects. Any deviation from expected earnings can lead to rapid price adjustments.
- Institutional Sensitivity: Large‑block outflows on a single day can signal changing institutional views, which may precede broader market movements for the stock.
- Sector Momentum: Despite the outflow, the robotics sector’s overall momentum remains strong, evidenced by substantial inflows via the Shenzhen‑Hong Kong Stock Connect and significant gains in related stocks.
In conclusion, while Zhejiang FORE Intelligent Technology benefited from the broader robotics rally on 17 September, the sharp institutional outflow and subsequent price decline on 18 September highlight the volatility inherent in high‑growth, high‑valuation technology stocks. Investors should monitor both sector dynamics and company‑specific fundamentals to gauge whether the short‑term sell‑off reflects a correction or a shift in investor expectations.