Shares of Haizhi Tech Group (02706) surged more than 12% during intraday trading, before paring gains to trade up 6.69% at HK$59, with turnover reaching HK$160 million. The rally comes as the Ministry of Industry and Information Technology recently issued a notice to launch a special action plan for cultivating AI application service providers. According to the notice, the national service provider resource pool is expected to exceed 2,000 companies by the end of 2026, and at least 3,000 by the end of 2027, aiming to build a comprehensive AI application service ecosystem with full-factor coordination, complete chain connectivity, and full-scenario coverage.
In a recent research report, Haitong International highlighted that Haizhi Tech Group’s first-half results further validated the revenue growth of its Agent business, its high gross margins, and the cross-selling logic of Graph customers upgrading to Agent solutions. The report also noted that management maintains a positive full-year outlook, and if customer conversion rates and ARPU continue to exceed current assumptions in the second half, the company's revenue and earnings forecasts still have room for upward revision.
Comments