On September 23, MANYCORE TECH fell 5.2% in regular trading, trading at HK$7.74 per share, with turnover of approximately HK$47.66 million. The decline came as the broader AI software sector faced selling pressure, compounded by growing concerns over a massive lock-up share release approaching in October.

According to earlier disclosures, over 90% of the company's total share capital — approximately 1.6 billion shares — will become eligible for free trading upon the expiry of the lock-up period. Given that the stock's recent average daily turnover has been in the range of only tens of millions of HKD, the market has raised significant concerns over whether existing liquidity can absorb the potential supply surge.

Fundamentally, the company reported first-half revenue of approximately RMB 405 million, a modest 1.5% year-over-year increase, while recording an operating loss of roughly RMB 8.21 million. Notably, 97% of its revenue remains concentrated in traditional home decoration design services, leaving limited near-term fundamental support despite emerging AI product lines such as LuxReal.

Within the Application Software sector, KINGDEE INT'L fell 7.52%, SENSETIME-W declined 3.16%, HORIZONROBOT-W slipped 0.73%, and MARKETINGFORCE dropped 3.91%, while DMALL bucked the trend with an 11.63% gain.

(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.)