On September 1, BIREN TECH fell 3.09% in regular trading, trading at 45.52 HKD/share, with turnover of 30.034 million HKD. The stock had rallied sharply in prior sessions, surging over 10% intraday on the last trading day, and the current retreat appears linked to short-term profit-taking.
On the news front, the company released its interim results on August 28 showing explosive growth. H1 revenue reached 1.236 billion yuan, up 1,997.6% year-over-year, with half-year revenue already surpassing the full-year figure for the prior fiscal year. Gross profit hit 527 million yuan with a gross margin of 42.7%, up 10.8 percentage points year-over-year. Net loss narrowed significantly to 377 million yuan, representing a 76.4% reduction in losses. The revenue surge was driven by scaled deployment of its Billie series GPGPU products across internet giants, AI model developers, and national computing platforms.
Additionally, the company disclosed it has secured sufficient critical supply chain capacity, with inventory rising 28.1% and prepayments surging 230.0% versus year-end levels, positioning for next-generation product mass production. Morgan Stanley and Aspex Master Fund both raised their stakes above 5% in recent weeks, signaling institutional confidence.
(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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