HK Stock Market Move | DEEPEXI TECH (01384) rose by over 10% in the morning, with AI revenue in the first half of the year more than doubling year-on-year. The company achieved a quarterly turnaround to profitability.

DEEPEXI TECH (01384) surged over 10% in the morning session. As of the time of publication, it had risen 7.06%, trading at HKD 34.9 with a turnover of HKD 95.609 million. In terms of news, DEEPEXI TECH's recent mid-term performance benefited from the upgrade of its FastAGI enterprise-level artificial intelligence solution to the DeepexiOS AI-grade enterprise operating system platform solution. During the reporting period, the company's revenue grew significantly, achieving an operating income of RMB 284 million, a year-on-year increase of 115%. Among this, revenue from AI business surged by 209.2% year-on-year to RMB 226 million. The announcement shows that the adjusted net loss narrowed by 48.5% year-on-year, while the total loss shrank by 89.6% compared to the same period last year. In terms of second-quarter performance, the company achieved a quarterly profit, with a net profit of about RMB 30.10 million. It is reported that the proportion of revenue from high-margin AI business continues to rise, driving the company to achieve a gross profit of RMB 160 million in the first half of the year, a year-on-year increase of 120.5%, pushing the overall gross profit margin up by 1.5 percentage points to 56.5% from 55.0% in the same period of 2025.