On July 2, Xunce (03317.HK) rose 7.06% in regular trading, trading at 133.8 HKD/share, with turnover of approximately 4.07 billion HKD.

The rally was driven by freshly disclosed operational data showing May Token ARR surging 320% month-over-month, with Token-based revenue now accounting for over 5% of total income and management targeting 20%–30% by year-end. The business model is accelerating its shift from project-based billing to a pay-per-Token-consumption framework. Additionally, the company recently signed a cooperation framework agreement with the Beijing International Big Data Exchange, completing a strategic north-south positioning across national-level data trading platforms alongside its earlier Shenzhen partnership.

Since June, four leading institutions — CITIC Securities, Huatai Securities, CSC Financial, and Haitong International — have initiated or upgraded coverage with Buy ratings, with the highest target price at 240.08 HKD. The shareholder meeting also approved a share buyback authorization, providing further support. Multiple positive catalysts converged to extend the stock's rebound from its prior 70%+ drawdown from highs.

(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.)