On June 3, Weimob Group (02013.HK) fell 5.23% in regular trading, trading at HKD 1.46 with turnover of approximately HKD 97.53 million. The decline follows the previous trading day's sharp 24.26% rally, during which multiple large block purchases pushed the stock to the HKD 1.47-1.50 range, triggering profit-taking pressure.

The pullback is compounded by broad weakness across the Application Software sector. Among peers, Kingdee International fell 8.23%, Phancy declined 6.58%, SenseTime dropped 3.31%, and Horizon Robotics slid 2.17%. Despite brokerages previously issuing positive ratings — with one major institution setting a target price as high as HKD 2.80 — the stock has persistently traded well below consensus targets. The company remains in a net loss position, with six consecutive years of negative attributable profit, and its share price has fallen over 96% from its all-time high. While AI-related revenue crossed RMB 100 million and adjusted net profit turned positive for the first time since fiscal year 2021, markets remain cautious on the sustainability of its recovery.

(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.)