On October 29, MANYCORE TECH recorded an Intraday Rise of 5.57% in Regular Trading, with the stock trading at HK$3.885 and turnover reaching HK$193 million.
The move follows recent market focus on the Physical AI theme and continued investor attention to the company’s management lock-up commitment. Recent disclosures indicated that co-founders and the CFO voluntarily extended or entered into lock-up undertakings for 12 months covering 483.2 million shares, or about 27.99% of issued share capital, with the restriction lasting until October 16, 2027.
Company communication also outlined a strategy centered on computing power, data and model commercialization, while emphasizing spatial intelligence models as a key capability for deployment in the physical world. Separately, the company was described as a relatively scarce Physical AI-related name, with a GPU cluster, 3D data, spatial model and industry application flywheel already in place. In the first half, revenue from new AI applications and products rose more than 177% year on year, while adjusted net profit reached RMB55.42 million, up 211%.
(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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