Movement Alert｜XUNCE Rises 5.98% in Regular Trading, Interim Results Release Imminent With Token Business Acceleration

Market Focus08-14 09:59

On August 14, XUNCE rose 5.98% in regular trading, trading at 139.2 HKD/share, with turnover of HKD 122 million.

On the news front, the company will convene a board meeting on August 21 to review interim results. A prior positive profit alert indicated H1 revenue of approximately RMB 9.67 billion, surging 389% year-over-year, with net profit attributable to shareholders reaching RMB 72.51 million, marking the company's first half-year profitability after a loss of RMB 89.43 million in the prior period.

Additionally, the company expects Token revenue contribution to rise from the current 10% to 20%-30% by year-end, supported by a series of strategic partnerships including agreements with Tianhe Computing Power and Kaihong Digital. Northeast Securities recently initiated coverage with an Overweight rating, reinforcing institutional optimism toward the company's growth trajectory and Token commercialization momentum ahead of the formal earnings disclosure.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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