Zhengyu Industrial hits limit-up for third straight session; Pinzhun Laser surges over 534% on debut

Price Action

โดย 上海证券报·

Summary · why it matters

On the morning of August 18, A-shares fluctuated lower. Robot concept stock Zhengyu Industrial opened limit-up and locked in a third consecutive daily limit. Multiple agriculture stocks hit limit-up, and Pinzhun Laser, the most expensive new stock this year, soared on its first day of trading on the STAR Market. By the midday break, the Shanghai Composite Index stood at 3,966.99 points, down 0.39%, the Shenzhen Component Index fell 1.09%, and the ChiNext Index dropped 1.30%. Combined turnover across Shanghai, Shenzhen and Beijing reached 1.6494 trillion yuan in the half-day session, an increase of 142.4 billion yuan from the same period last trading day. Among robot concept stocks, Nanfang Road Machinery, Rifeng Cable and Nanfang Precision hit limit-up. In related news, Unitree Technology disclosed that it will list on the Shanghai Stock Exchange STAR Market on August 19, 2026. Data from the Ministry of Industry and Information Technology showed that in the first five months of this year, revenue of robot enterprises above designated size exceeded 90 billion yuan, up 26.9% year on year. In the agriculture sector, Nongfa Seed and Jinjian Rice locked in their second consecutive daily limit, while Tianshan Biology and Hualu Biology surged by the 20% daily limit. A JPMorgan report projected that global food inflation will rise from 2.8% in the first half of 2026 to 5% in the first half of 2027. Pinzhun Laser was issued at 186.88 yuan per share. It opened 488% higher on its debut and hit an intraday high of 1,300 yuan per share. At the midday break, it traded at 1,186 yuan per share, up 534.63%, with turnover of 5.89 billion yuan and a turnover rate of 65.51%. A single lot delivered a profit of about 500,000 yuan, setting a new record for first-day gains per lot among new stocks this year.