Movement Alert｜Hai Zhi Technology Group Falls 7.42% in Regular Trading, Breaking 52-Week Low as AI Application Sector Diverges

Market Focus09:50

On July 7, Hai Zhi Technology Group (02706.HK) fell 7.42% in regular trading, trading at 43.02 HKD/share, with turnover of 8.93 million HKD. The stock broke below its previous 52-week low of 43.00 HKD, extending consecutive declines after a brief sector-driven rebound on July 3.

On the news front, the AI application sector has continued to diverge in recent sessions. The stock had already declined 5.29% on July 6 amid a collective sector pullback, with peers Zhipu falling over 10% and Mobvoi dropping over 7%. The sustained selling pressure has been amplified by the stock breaking key technical support levels, with shares now down over 70% from its listing high of 161.6 HKD.

On fundamentals, the company reported full-year revenue of 621 million yuan, up 23.4% year-over-year, with Atlas AI Agent revenue surging 68.4%. However, net losses of 205 million yuan persist, and the profit inflection point remains unclear, weighing on investor sentiment amid broader sector rotation away from unprofitable AI names.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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