On September 30, DEEPEXI TECH fell 5.28% in regular trading, trading at HKD 23.96 per share, with turnover of approximately HKD 46.59 million. The stock continued its sharp downtrend, marking another fresh 52-week low after breaking below its prior low on September 28.

The decline comes amid broad weakness in the Systems Software sector and persistent selling pressure since late September. DEEPEXI TECH completed a placement of approximately 14.286 million new H shares at HKD 35.00 per share in mid-August, raising net proceeds of approximately HKD 488 million. The current share price now represents a discount of over 31% to the placement price. Meanwhile, multiple brokerages have maintained bullish ratings on the stock, with target prices ranging from HKD 60 to HKD 68, suggesting a significant disconnect between analyst expectations and market sentiment.

On the fundamental side, the company reported first-half revenue of RMB 284 million, up 115% year-over-year, with core AI business revenue surging 209.2%. While Q2 net profit reached RMB 30.1 million, marking a quarterly turnaround, the first-half adjusted net loss still stood at RMB 26.89 million.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)