On June 30, Biren Technology rose 3.93% in regular trading, trading at 64.8 HKD/share, with turnover of HKD 115 million.

On the news front, following the open-sourcing of Zhipu's next-generation flagship model GLM-5.2, Biren Technology's BR166 series completed Day0 adaptation and optimization based on the vLLM inference framework, with the market continuing to focus on its domestic GPU software ecosystem capabilities. Analysts note that Biren Technology has established a clear first-mover advantage in Day0 adaptation, currently supporting instant adaptation for multiple mainstream large models including Zhipu GLM, DeepSeek-V, Tencent Hunyuan, and Alibaba Qwen series.

The semiconductor sector strengthened in tandem, with SMIC up 3.18% and Iluvatar CoreX up 3.09%, providing sector-wide support. Earlier, DBS initiated coverage with a fair value of HKD 80.74, projecting a revenue CAGR of 147% for fiscal years 2026-2028, underpinning valuation sentiment.

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