HAIZHI TECH GP (02706) delivered an exceptionally strong performance during its gray market trading session. The stock surged as much as 269.5% intraday, finally closing at HK$84, marking a significant increase of 210.42%. Based on a standard lot size of 200 shares, and excluding transaction fees, investors realized a net profit of HK$11,388 per lot, earning it the title of the standout "red envelope stock" ahead of the Lunar New Year holiday. At the close of trading, the company's market capitalization reached HK$33.636 billion. HAIZHI TECH GP is scheduled to make its official debut on the Hong Kong Stock Exchange tomorrow, February 13th.
Amid the current fervor surrounding the AI sector, HAIZHI TECH GP's performance has notably outpaced peers such as Birentech (06082) and MINIMAX-WP (00100). This substantial capital inflow represents a strong vote of confidence from the market, highlighting high recognition for the company's unique "Graph Model Fusion" technology path. Since its founding in 2013, HAIZHI TECH GP has completed a total of 13 funding rounds. Legend Capital, acting as the largest institutional shareholder, holds a combined 13.62% stake through five affiliated entities. BAI Capital and Hillhouse Capital hold stakes of 6.5% and 2.55% respectively, demonstrating their long-term bullish outlook on AI through their capital commitments. Furthermore, the participation of state-backed institutions like the China Internet Investment Fund and the Beijing Artificial Intelligence Industry Fund further underscores the compliance and industrial value of its technological roadmap.
It is noteworthy that under the Hong Kong Stock Connect's "Quarterly Fast-Inclusion Mechanism," companies listed in the first quarter that meet the criteria for inclusion in the buffer zones of the Hang Seng Composite Index's large-cap and mid-cap indices—specifically, ranking within the top 77% by market cap for the large-cap index or the top 93% for the mid-cap index during the index review—can be swiftly included in the Hang Seng Composite Index. The effective date is typically the next trading day after the first Friday in June. HAIZHI TECH GP is positioned as a potential "dark horse candidate" for fast-track inclusion into the Stock Connect program this quarter.
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