On July 7, Hai Zhi Technology Group (02706.HK) fell 7.42% in regular trading, trading at 43.02 HKD/share, with turnover of 8.93 million HKD. The stock broke below its previous 52-week low of 43.00 HKD, extending consecutive declines after a brief sector-driven rebound on July 3.

On the news front, the AI application sector has continued to diverge in recent sessions. The stock had already declined 5.29% on July 6 amid a collective sector pullback, with peers Zhipu falling over 10% and Mobvoi dropping over 7%. The sustained selling pressure has been amplified by the stock breaking key technical support levels, with shares now down over 70% from its listing high of 161.6 HKD.

On fundamentals, the company reported full-year revenue of 621 million yuan, up 23.4% year-over-year, with Atlas AI Agent revenue surging 68.4%. However, net losses of 205 million yuan persist, and the profit inflection point remains unclear, weighing on investor sentiment amid broader sector rotation away from unprofitable AI names.

(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.)