GUOXIA TECH's stock plummeted 7.67% during intraday trading, marking a significant retreat from recent highs.
The decline follows a steep multi-day advance where the stock had surged over 25% in a single session and gained another 5.59% the next day, reaching record levels above 70 HKD. The prior rally was fueled by the company's industry-first "Energy Storage as Token" strategy, which repositions AI energy storage systems as AI computing power energy bases and reportedly enables large language models to reduce energy costs by over 40%.
Market analysts suggest the current pullback represents profit-taking after the substantial gains, especially as the stock's market capitalization had risen above 34 billion HKD. The company's strong annual results, showing revenue doubling year-on-year and net profit up 109.5%, had previously supported the bullish sentiment alongside the innovative energy storage strategy.
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