Movement Alert|XUNCE Rises 5.66% in Regular Trading, Technical Rebound After Pullback as Profit Alert and Broker Coverage Continue to Provide Support

Market Focus08-07

On August 7, XUNCE rose 5.66% in regular trading, trading at 135.9 HKD/share, with turnover of HKD 138 million. The stock rebounded after pulling back over 5% the previous session, supported by continued positive catalysts.

On the news front, the company previously issued an interim profit alert, projecting H1 revenue of approximately RMB 967 million, surging 389% year-over-year to a record high for the period. Net profit attributable to shareholders reached approximately RMB 72.51 million, marking the first-ever half-year profitability. Additionally, Northeast Securities initiated coverage on XUNCE with an Overweight rating, highlighting dual growth drivers from AI data infrastructure demand and Token-based business model migration, with June Token business ARR soaring 410% quarter-over-quarter.

The stock had rallied for three consecutive days from August 3 before experiencing profit-taking pressure on August 6. Today's advance represents a technical rebound as the aforementioned fundamental catalysts continue to underpin market sentiment.

(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.)

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