On September 1, UNISOUND rose 5.75% in regular trading, trading at HK$82.55/share with turnover of HK$116 million, extending the previous session's 17%-plus surge.

The rally continues to be driven by the company's interim results released on August 28. UNISOUND reported H1 revenue of RMB 562 million, up 38.7% year-over-year, with gross profit rising 42.0% to RMB 186 million and gross margin expanding to 33.1%. The standout was the large language model Token business, which generated nearly RMB 30 million in revenue, surging approximately 760% year-over-year. Notably, Q2 alone contributed over RMB 25 million, representing sequential growth exceeding 500%, with gross margins above 60%. Growth was primarily driven by USD-denominated revenue, signaling that the pay-per-token API model is gaining meaningful commercial traction. Enterprise intelligent services contributed RMB 478 million, up 35.7%, while edge-side AI generated nearly RMB 54 million. Meanwhile, net losses narrowed by over 20% year-over-year, reflecting improving operating leverage.

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