On September 24, XUNCE rose 5.93% in regular trading, trading at 108.1 HKD/share, with turnover of approximately HKD 60.3 million. The stock rebounded sharply after plunging over 5% in the prior session to the HKD 98 range.

The previous session's decline was triggered by the company's interim report revealing a significant deterioration in operating cash flow, with net cash used in operating activities widening from -RMB 128 million to -RMB 661 million year-over-year, despite revenue surging 389% to RMB 967 million and a successful turnaround to profitability. The sharp selloff appeared to have created oversold conditions, prompting a technical rebound with capital flowing back in.

Multiple institutional endorsements are supporting sentiment recovery. Macquarie recently initiated coverage with an Outperform rating and a target price of HKD 149, while Deutsche Bank maintained its Buy rating with a target of HKD 351 — both significantly above the current trading level. Additionally, the company signed a cooperation MOU with GP Capital, a subsidiary of Shanghai International Group managing over RMB 70 billion in funds. An extraordinary general meeting scheduled for September 28 will vote on a proposed RMB 12 billion AI inference and computing center investment, providing further near-term catalysts.

(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.)