On September 11, DEEPEXI TECH fell 5.09% in regular trading, trading at HK$30.94/share, with turnover of approximately HK$34.34 million. The decline came as the systems software sector extended its selloff into a second consecutive session.
Within the sector, MINIMAX-W fell 8.84%, Z.AI dropped 4.03%, HAIZHI TECH GP declined 2.61%, and WENGE AI lost 1.16%, reflecting broad-based weakness across AI-related names. On the prior trading day, the sector saw even steeper losses, with multiple constituents posting declines exceeding 9%.
The pullback follows a strong rally in prior weeks. DEEPEXI TECH had surged after reporting 115% interim revenue growth to RMB 284 million, with core AI business revenue up 209.2% to RMB 226 million and a Q2 single-quarter net profit of approximately RMB 30.1 million. Macquarie initiated coverage on September 7 with an Outperform rating and HK$62 target price. The recent two-day retreat appears to reflect sector-wide profit-taking rather than any company-specific negative development.
(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.)