The Economic Information Daily reported on the 15th that Lead Intelligent (00470) H-shares are currently down 6.6%, trading at HK$20.36, hitting a new listing low of HK$20.26. Based on the current price, the stock has fallen for five consecutive days, with a cumulative decline of 30.2%. The stock's trading volume is approximately 3.18 million shares, involving HK$65.75 million. Its A-shares (Shenzhen: 300450) are currently trading at RMB 30.38, down 5.9%, with a turnover of RMB 1.631 billion, involving 53.07 million shares. At the current price, the A-shares are at a 74.1% premium to the H-shares.

Citi published a research report pointing out that operational data from automation companies show early signs of a slowdown in battery capital expenditure. The bank expects global battery capacity growth to increase by only 24% and 15% in 2027 and 2028 respectively, below the market's expected average growth rate. As a result, the bank has downgraded Lead Intelligent's A-shares and H-shares to "Sell" and "Neutral" ratings respectively.

Currently, the Hang Seng Index stands at 24,073, down 240 points or 1%, with turnover on the main board exceeding HK$88.4 billion. The Hang Seng China Enterprises Index is at 8,104, down 78 points or 1%. The Hang Seng Tech Index is at 4,080, down 93 points or 2.2%. (am)