HK Stock Market Move | DEEPEXI TECH (01384) rose over 15% in early trading, with a 115% year-on-year increase in revenue for the first half of the year. The AI business accounts for nearly 80% of the total.

DEEPEXI TECH (01384) rose over 15% in early trading. As of the report, it was up 14.09%, priced at HK$39.04, with a transaction volume of HK$274 million. On the news front, DEEPEXI TECH recently announced its mid-term results, achieving a revenue of RMB 284 million in the first half of the year, a year-on-year increase of 115%. The revenue from its core AI business, the DeepexiOS AI-level enterprise operating system platform solution, reached RMB 226 million, a remarkable increase of 209.2%, with the proportion of revenue from AI business rising from 55.3% to 79.6%. It is noteworthy that the company recorded a net profit of approximately RMB 30.1 million for the second quarter, successfully turning a profit. The gross profit margin improved from 55.0% to 56.5%, with the quality of earnings continuing to improve. The adjusted net loss narrowed significantly by 48.5% year-on-year, and operating cash flow also turned positive in the second quarter.