The AI and robotics leader GEEKPLUS-W (HKEX: 02590) has been officially added to the Hong Kong Exchanges and Clearing (HKEX) Tech 100 Index, with the change taking effect from today, June 15. This marks the company's first inclusion in the exchange's premier technology index since its Hong Kong listing, following its previous additions to the Hang Seng Composite Index and the Hong Kong Stock Connect scheme. This move signifies that the company's technological attributes, market scale, and growth potential have received high recognition from a key benchmark in the capital markets.
Inclusion in Premier Index Accelerates Multiple Benefits
As a flagship technology index developed by HKEX, the Tech 100 Index is tracked by a significant volume of global passive funds. According to standard index rebalancing practices, following its inclusion, the series of ETFs and index funds tracking this index are required to complete their portfolio allocations according to the index's weighting. This is expected to bring a substantial amount of deterministic incremental capital to GEEKPLUS-W around the effective date of the adjustment, directly catalyzing an improvement in stock liquidity and the valuation anchor.
Concurrently, this index is widely regarded by international investors as a crucial window for observing China's new economy. Inclusion means that GEEKPLUS-W will enter the investment universe of more global large-scale asset management institutions, significantly broadening its investor base and enhancing its appeal to international capital.
More critically, the label of being a constituent of the Tech 100 Index itself serves as a strong endorsement, effectively announcing to the market that GEEKPLUS-W has joined the top tier of HKEX's technology sector. This further clarifies its positioning as a "leader in AI and robotics," with expectations for a simultaneous boost in brand influence and market confidence.
Selection Criteria Are Extremely Stringent, Only Hard Tech Qualifies
Gaining entry into the Tech 100 Index is no simple feat, as its constituent selection process involves a set of highly stringent criteria designed to select only the best. According to the HKEX index compilation methodology, securities with an average daily turnover of less than HK$20 million over the past six months and ranking in the bottom 10% will be removed based on liquidity. On the fundamental side, securities with research and development (R&D) expenditure accounting for less than 3% of revenue for the past two fiscal years and year-on-year revenue growth of less than 5% will also be removed.
A seasoned Hong Kong stock market analyst noted that this threshold effectively filters out technology stocks that combine market popularity with growth certainty for investors. Low liquidity suggests poor market recognition, while a low R&D expenditure ratio may indicate weaker technological content. GEEKPLUS-W's inclusion this time demonstrates its comprehensive strength across dimensions such as market capitalization, trading activity, technological purity, and high growth, fully withstanding the test of quantitative metrics.
Showcasing Solid Fundamentals and Investing in Future Ecosystem
Behind the stringent selection criteria lies precisely the reflection of GEEKPLUS-W's solid fundamentals. As the global market share leader in Autonomous Mobile Robots (AMR) for seven consecutive years, the company consistently prioritizes R&D as its core driver. Its R&D expenditure reached RMB 335 million in the 2025 fiscal year, accounting for approximately 10.6% of revenue. In the 2024 fiscal year, R&D expenditure was RMB 282 million, accounting for about 11.7% of revenue, significantly exceeding the index's 3% entry threshold for two consecutive years. With overseas revenue consistently exceeding 75% of total revenue, the company maintains rapid top-line growth. This comprehensive strength, from technological innovation to global delivery, forms the underlying logic for its sustained favor in the capital markets.
At the forefront of embodied intelligence, the company's self-developed Geek+ Brain-powered unmanned picking workstations have been deployed at Schneider Electric's Shanghai logistics center, achieving operational status within 48 hours. These workstations boast a picking efficiency double that of manual labor and an accuracy rate of ≥99.99%. Simultaneously, its cloud-native Intelligent Operations Platform (IOP) supports over 1,000 global enterprises in transitioning from "experience-based operations" to "data-driven" management. Together, these form the dual-wheel barrier of "hard technology + strong operations" for GEEKPLUS-W.
Furthermore, the previously unveiled warehouse-specific humanoid robot, Gino1, capable of performing tasks such as picking, box moving, packing, and patrolling, along with the company's existing mobile robots and unmanned picking workstations, constitutes an end-to-end fully unmanned warehouse solution that is exceptionally rare within the industry.
It is noteworthy that on June 15, GEEKPLUS-W announced a strategic equity investment in Jixiang Lingyue, a leader in pallet shuttle robot systems. This move represents a key strategic layout for GEEKPLUS-W to strengthen its competitiveness in pallet automation and high-density warehouse markets. By integrating Jixiang Lingyue's differentiated products and technologies, the company can rapidly enrich its product portfolio, better meet global customers' demand for flexible pallet warehouse automation, and significantly accelerate its market expansion.
Inclusion in the HKEX Tech 100 Index represents a significant capital market milestone for GEEKPLUS-W post-listing. With the inflow of passive funds, increased international attention, and the continued realization of its solid fundamentals, the company is well-positioned to consolidate its status as a global leader in AI and robotics.
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