HAIZHI TECH GP (ASX: 02706) shares surged more than 26% in late trading. At the time of writing, the stock was up 22.41% to HK$68.55, with a turnover of HK$460 million.
The catalyst for the move is the company's formal inclusion in the Southbound Stock Connect scheme, effective from June 8. This inclusion is expected to significantly enhance the accessibility and market liquidity of the company's Hong Kong-listed shares, broaden its investor base, and strengthen its connection with the wider mainland capital market.
A key point of note is that HAIZHI TECH GP represents an exceptionally rare investment opportunity within the Stock Connect, being an AI stock focused on graph-model fusion. It holds the leading position in its sector with a 53.3% market share.
The company's 2025 financial results show full-year revenue reached RMB 621 million. Its Atlas AI Agent business saw robust year-on-year growth of 68.4%, while the gross profit margin climbed to 53.2%. The company achieved an adjusted net profit of RMB 24.15 million, a 42.6% increase year-on-year, demonstrating sustained profitability.
On the technological front, the company's self-developed AtlasGraph graph database has surpassed the previous throughput record by 45%, setting a new world benchmark and establishing a solid data foundation.
Analysts have highlighted the company's dual growth strategy, combining its foundational graph database with AI agent applications. This positions it with both the value of industrial AI infrastructure and the growth potential of its intelligent agent business. Based on a 27.5x price-to-sales ratio for 2027, a reasonable valuation has been set at RMB 34.137 billion, corresponding to a target price of HK$97.47.
Comments