On June 22, Xunce (03317.HK) rose 5.22% in regular trading, trading at HK$135.7/share, with turnover of HK$227 million.

On the news front, CITIC Securities recently published a research report upgrading Xunce from Hold to Buy, raising the target price from HK$160 to HK$205, representing a 28% upward revision and implying approximately 50% upside from the June 17 closing price of HK$136.8. The brokerage highlighted that the recent share price correction was driven by the market mistakenly benchmarking Xunce against general large-model companies, whereas the company's TokenOS operating system occupies a distinct enterprise-level AI niche with differentiated ecosystem barriers.

Additionally, the company has recently signed strategic cooperation agreements with Muxi Integrated Circuits, Iluvatar CoreX, and Biren Technology, marking its first systematic partnership with the domestic computing power supply chain. Xunce also partnered with Turing Quantum to co-build a Quantum plus Token Factory ecosystem. These initiatives aim to accelerate enterprise AI deployment across verticals including finance, manufacturing, energy, and smart cities.

(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.)