On July 10, Haizhi Technology Group fell 5.29% in regular trading, trading at HK$42.58, with turnover of HK$39.34 million. The decline was driven by a broad selloff across the AI application sector, with peers Knowledge Atlas down over 13%, MINIMAX down over 8%, Deepexi Tech down over 3%, and Mobvoi down over 1%, reflecting significant sector linkage effects.
The stock had surged over 10% in the prior session following news that its subsidiary Haizhi Xingtu Academy Expert Workstation underwent a major strategic upgrade, pivoting its R&D focus to knowledge graph and large model integration. The current pullback has largely erased those gains. The share price has now fallen over 70% from its listing high of HK$161.6 and is approaching its 52-week low of HK$40.24. Market concerns persist over the company's net loss of RMB 205 million and an unclear path to profitability, continuing to weigh on valuation recovery momentum.
(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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