HK Stock Market Move | DEEPEXI TECH(01384) soars over 50% Guotai Haitong initiates coverage with a "buy" rating and a target price of HKD 61.1

DEEPEXI TECH (01384) saw its increase exceed 50%, reaching 51.77% at the time of publication, closing at 45.5 Hong Kong dollars, with a total transaction volume of 1.101 billion Hong Kong dollars. In terms of news, DEEPEXI TECH recently disclosed its annual performance, with the company's annual revenue increasing by 70.8% year-on-year and adjusted net loss significantly narrowing by 71.4%. Among them, revenue from the FastAGI enterprise-level artificial intelligence solution soared to 254 million yuan, a year-on-year increase of 181.5%, becoming the largest source of revenue, mainly due to the expansion of the group's customer base, with the number of customers increasing from 20 in 2024 to 70 in 2025. Guotai Haitong released a research report covering DEEPEXI TECH for the first time, giving it a "hold" rating. The report pointed out that benefiting from "cost-effectiveness of open-source basic models + demand for intelligent solution solutions in industry scenarios," DEEPEXI TECH is entering the fast lane of revenue. It is estimated that the company's revenue in 2026-2028 will be 870 million, 1.685 billion, and 2.887 billion yuan, respectively. According to the PS valuation, a 20 times PS multiple is given to the company in 2026, corresponding to a valuation of 17.404 billion yuan, with a target price of 61.10 Hong Kong dollars (1 yuan is equivalent to 1.1468 Hong Kong dollars).