On September 28, DEEPEXI TECH fell 5.18% in regular trading to HK$27.48 per share, with turnover of HK$12.29 million. The decline came amid broad-based weakness across the Systems Software sector, with the stock breaking below its previous 52-week low on notably thin volume.
The sell-off was part of a sector-wide pullback in AI and software names. Within the Systems Software sector, MINIMAX-W dropped 10.17%, HAIZHI TECH GP fell 7.40%, WENGE AI declined 6.63%, Z.AI slid 5.37%, and EXTREME VISION lost 2.26%. The pervasive weakness suggests macro or sector-level risk-off sentiment rather than company-specific catalysts.
DEEPEXI TECH has seen its share price retreat sharply from its 52-week high of HK$128.20, despite receiving multiple bullish analyst initiations in September with target prices ranging from HK$60 to HK$68. The company reported 115% revenue growth in H1 and achieved Q2 single-quarter profitability of RMB 30.1 million, though full-half adjusted net loss remained at RMB 26.9 million. Its core AI platform DeepexiOS delivered 209.2% revenue growth, now representing nearly 80% of total revenue.
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