Movement Alert|Hai Zhi Tech Group Falls 5.21% in Regular Trading, AI Application Sector Under Sustained Pressure as MINIMAX Plunges Over 17%

Market Focus07-13

On July 13, Hai Zhi Tech Group fell 5.21% in regular trading, trading at 40.9 HKD/share, with turnover of 8.4185 million HKD.

On the news front, the AI application sector remained broadly weak, with peer MINIMAX plunging 16.9%, Deepexi Tech declining 2.28%, and Extreme Vision falling 2.72%, reinforcing sector-wide selling pressure. The stock has been in continuous retreat since its院士 expert workstation strategic upgrade news triggered a surge of over 10% on July 9, with gains now fully retraced.

The current share price is approaching its 52-week low of 40.24 HKD. Fundamental concerns persist as the company reported a net loss of 205 million yuan for the full year, with the earnings inflection point remaining unclear. Trading volume has contracted notably, reflecting diminished buying interest amid the broader AI sector correction.

(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.

Comments

We need your insight to fill this gap
Leave a comment