HK Stock Market Move | DEEPEXI TECH (01384) rose more than 35% against the market trend. In the past two days, the stock price has doubled. FastAGI business has officially become the largest main business pillar.

DEEPEXI TECH (01384) surged more than 35% against the market, with its stock price doubling in the last two trading days. As of the time of writing, the stock was up 32.51% at HK$59.1, with a trading volume of HK$1.57 billion. On the news front, DEEPEXI TECH recently released its annual performance, with revenue increasing by 70.8% year-on-year to 415 million yuan. Of this, the FastAGI enterprise-level artificial intelligence solution launched at the end of 2023 achieved a revenue of 254 million yuan in 2025, a staggering 181.5% year-on-year increase. Its revenue share skyrocketed from 37.2% to 61.3%, officially becoming the company's largest business pillar. The number of customers increased from 20 in 2024 to 70 in 2025, accelerating the commercialization process. China CITIC Securities recently released a research report, initiating coverage of DEEPEXI TECH with a "Buy" rating. The report pointed out that benefiting from the demand for intelligent solutions in the industry and the cost-effectiveness of open-source basic models, DEEPEXI TECH's revenue is entering the fast lane. It is estimated that the company's revenue for 2026-2028 will be 870 million, 1.685 billion, and 2.887 billion yuan respectively. Using a PS valuation method, the report gives the company a PS of 20 times in 2026, with a corresponding valuation of 17.404 billion yuan and a target price of HK$61.10 (1 RMB is equivalent to 1.1468 HKD).