On October 2, DEEPEXI TECH fell 6.75% in regular trading, trading at HK$22.38/share, with turnover of HK$7.87 million. The stock marked yet another 52-week low amid sharply shrinking volume and thin market activity.

DEEPEXI TECH has been in sustained decline since September 28, when shares first broke below the prior 52-week low. The Systems Software sector has been under broad pressure during the same period, with peers including Z.AI down 4.06%, MINIMAX-W down 5.44%, EXTREME VISION down 2.03%, and HAIZHI TECH GP down 2.42%. The current share price now represents a discount of over 36% to the HK$35/share placement price at which the company issued approximately 14.286 million new H shares in mid-August, raising net proceeds of roughly HK$488 million. Placement participants are sitting on significant unrealized losses.

Notably, multiple brokerages had recently initiated or maintained bullish coverage with target prices ranging from HK$60 to HK$68, while the company reported H1 revenue of RMB 284 million, up 115% year-on-year, and Q2 single-quarter net profit of RMB 30.1 million marking a quarterly turnaround — yet selling pressure has persisted.

(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.)