On September 28, XIZHI TECH-P fell 5.48% in regular trading, trading at 282.2 HKD/share, with turnover of approximately 7.41 million HKD.

On the news front, the company's 20 cornerstone investors — including GIC, Temasek, BlackRock, Fidelity, and Alibaba — collectively hold approximately 8.97 million shares set to be unlocked on October 28, representing about 9.76% of total shares outstanding post-overallotment. Market concerns over potential concentrated selling pressure have continued to weigh on the stock. The shares had already been pulling back after a 22.61% single-day surge on September 18, with profit-taking extending into recent sessions.

The broader semiconductor sector also declined in tandem, with BIREN TECH down 5.92%, GIGADEVICE down 4.43%, HUA HONG GRACE down 4.44%, MONTAGE TECH down 4.13%, and SMIC down 2.53%, amplifying downside pressure through sector-wide weakness.

XIZHI TECH-P is a Shanghai-based company engaged in optical interconnect and optical computing. In the first half of the year, the company reported revenue of RMB 79.78 million, up 284% year-over-year, with a gross margin of 65.8%, though adjusted net losses widened slightly to RMB 147 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.)