On May 29, Haizhi Technology Group fell 5.28% in regular trading, trading at 58.2 HKD/share, with trading volume of approximately 30.92 million HKD.

On the news front, BOCI initiated coverage on May 28 with a Buy rating and a target price of 80.81 HKD, highlighting the company as a leader in China's AI application space. BOCI projected 34% revenue CAGR and 84% adjusted net profit CAGR for 2025-2028, driven by the rapid adoption of AI Agent products and a solid client base among state-owned enterprises and government entities. However, the market did not respond positively, and the stock extended its ongoing correction.

Since listing at 27.06 HKD in February and surging to a peak of 161.6 HKD within days, Haizhi Technology has entered a prolonged downtrend, now more than 60% below its historical high. A recent inclusion into the Hang Seng Composite Index similarly failed to provide support, with limited profit-taking capacity in the market and many investors who chased higher prices remaining underwater.

(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.)