Movement Alert|DEEPEXI TECH Rises 10.34% in Regular Trading, AI Profitability Narrative and Rebound Above Placement Price Drive Rally

Market Focus08-28 09:48

On August 28, DEEPEXI TECH rose 10.34% in regular trading, trading at 36.2 HKD/share, with turnover of 52.72 million HKD. The stock rebounded sharply above its recent placement price of 35.00 HKD after falling below that level earlier in the week.

The rally was triggered by renewed market focus on the company's successful conversion of AI innovation into sustainable profitability. The company reported H1 revenue of 284 million yuan, up 115% year-over-year, with AI business revenue surging 209.2% to 226 million yuan. Notably, Q2 net profit reached approximately 30.1 million yuan, marking the first quarterly profit in the company's history. Gross margin improved 1.5 percentage points to 56.5%, driven by rising contribution from high-margin AI operations.

The stock had previously dropped 5.05% on August 24, falling below the 35.00 HKD placement price completed on August 17, which raised net proceeds of approximately 488 million HKD. The current rebound represents a re-pricing of the earnings inflection point, with volume notably higher than recent sessions.

(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.)

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