On September 15, LONGSYS (09976.HK) fell 4.5% in regular trading, trading at 180.2 HKD/share, with turnover of approximately HK$6.34 million. The stock has now declined roughly 24% from its 236 HKD IPO price since listing on September 8.

On the news front, three major AI giants — Anthropic, OpenAI, and xAI — jointly called for slowing the pace of advanced model development, triggering a global selloff in AI chip stocks. LONGSYS H-shares had already plunged over 9% in the prior session, with the broader Hong Kong semiconductor sector remaining under sustained pressure. The company's H-share broke below its IPO price on its debut and has declined in every subsequent session.

Beyond the sector headwinds, fundamental concerns continue to weigh on sentiment. The company reported negative operating cash flow of -3.151 billion yuan in the first half, reversing from a positive figure in the prior year period. Meanwhile, inventory stood at approximately 25.777 billion yuan as of end-June, accounting for over 60% of total assets. The company has been actively conducting A-share buybacks — repurchasing approximately 150,900 shares on September 14 for around 49.99 million yuan — as part of its equity incentive plan, though this has yet to stem the stock's decline.

(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.)