Changes in Hong Kong stocks | Quantifiers (02685) fell more than 60% in the afternoon, and the stock price reached a record low. The stock recently experienced huge transfer position changes

The Zhitong Finance App learned that the quantifier (02685) fell by more than 60% in the afternoon, to a low of HK$4.87. The stock price reached a record low. As of press release, it decreased by 59.9% to HK$5.51, with a turnover of HK$1,408 billion.

According to the news, the latest data from the Hong Kong Stock Exchange shows that on July 27, quantitative distribution positions changed, with a total market value of HK$1.87 billion, accounting for 29.79%. The company's shareholders deposited 58.168,500 shares of Fosun International Securities, increasing their shareholding ratio by 11.19%.

Notably, on July 9, Quantifier announced the issuance of 4,597,700 new shares, each at a price of HK$13.05, with a net capital raised of approximately HK$59.7 million. Of this, about 40% is invested in the procurement and commercialization of smart hardware, 30% is used for R&D expenses related to physical AI base models, and the remaining 30% supplements daily working capital. The market is concerned about the potential risks for companies to cross the physical AI circuit from e-commerce.