UNISOUND Soars Over 17% in Morning Trade as Token Business Surges 760% in First Half

Deep News09-04

Shares of UNISOUND (09678) spiked more than 22% during intraday trading, and were last seen up 17.31% at HK$91.80, with turnover reaching HK$469 million. The surge follows the company's release of its 2026 interim results, which showed first-half revenue climbing 38.7% year-on-year to RMB 562 million.

The company's core agent business generated RMB 478 million in revenue during the period, a year-on-year increase of 35.7%, maintaining steady growth in its foundational segment. Meanwhile, the large-model Token business accelerated rapidly, contributing nearly RMB 30 million in revenue—a staggering 760% jump year-on-year. Notably, second-quarter Token revenue alone exceeded RMB 25 million, up more than 500% quarter-over-quarter, positioning this segment as a fresh growth driver for the firm.

In the first half, repeat-purchase revenue accounted for over 60% of total revenue, with average customer spending improving considerably as existing clients expanded their orders. By now, contractual value for 2026 has already grown 65% year-on-year, with on-hand orders surpassing the RMB 1.5 billion threshold. The company also holds close to RMB 1 billion in cash reserves, making its path to profitability increasingly transparent.

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