AI新技术冲击软件股，聚水潭(06687)今早跌近13%，低见21.6港元创上市以来新低。截至发稿，跌 12.81%，报21.64港元，成交额764.17万港元。 公开资料显示，聚水潭是全球电商SaaS市场的领军企业。该公司主要面向在各电商平台开设店铺的商 家，产品以电商SaaS ERP 为核心，构筑起覆盖电商运营各领域的一站式电商SaaS解决方案。截至2025 年6 月30 日，聚水潭服务9.3 万个SaaS 客户。 消息面上，周二，由AI初创巨头Anthropic推出的新型自动化工具引发了市场对软件股的恐慌性抛售， 创下去年4月以来跌幅最大的一天。分析师指出，AI进展的预期已发生质变：从最初认为AI能"助力增 长"，转向质疑AI是否会"彻底取代"传统订阅模式。Jefferies股票交易部门的Jeffrey Favuzza将当前局面 描述为"SaaS末日"，指出目前的交易风格完全是"无论如何让我离场（get me out）"式的恐慌性抛售，且 尚未看到任何止跌企稳的迹象。 ...

Group 1 - The core viewpoint of the article highlights a significant decline in software stocks, particularly affecting companies like 聚水潭, which saw a nearly 13% drop, reaching a new low since its listing at 21.6 HKD [1] - The market reaction was triggered by the launch of a new automation tool by AI startup Anthropic, leading to the largest drop in software stocks since April of the previous year [1] - Analysts have noted a shift in expectations regarding AI, moving from viewing it as a growth enhancer to questioning whether it could completely replace traditional subscription models [1] Group 2 - Jeffrey Favuzza from Jefferies described the current market situation as a "SaaS apocalypse," indicating a panic sell-off with no signs of stabilization [1] - 聚水潭 is recognized as a leading player in the global e-commerce SaaS market, primarily serving merchants operating on various e-commerce platforms [1] - The company offers a comprehensive e-commerce SaaS ERP solution, covering all aspects of e-commerce operations, and as of June 30, 2025, it serves 93,000 SaaS customers [1]