Movement Alert|Hai Zhi Technology Group Rises 5.8% in Regular Trading, AI Sector Rally and Stock Connect Inclusion Drive Gains

Market Focus
06/09

On June 9, Hai Zhi Technology Group rose 5.8% in regular trading, trading at HK$59.25/share, with trading volume of HK$299 million.

On the news front, Hong Kong-listed AI concept stocks broadly strengthened. The Hong Kong Stock Exchange announced that under its fast-track inclusion mechanism, Zhipu, Biren Technology, and Tianshu Zhixin will be added to the HKEX Tech 100 Index, effective next Monday, boosting overall sentiment toward the AI sector.

Additionally, Hai Zhi Technology Group was officially included in the Stock Connect eligible securities list on June 8, opening the southbound capital channel and bringing incremental allocation demand. On the institutional front, Bank of China International and Guotai Haitong both issued bullish ratings, with a target price range of HK$80.81-97.47.

The company, listed on HKEX in February as the first publicly traded firm focused on AI hallucination elimination technology, reported full-year revenue of RMB 621 million with 23.4% year-over-year growth. Its Atlas intelligent agent solution revenue grew 68.4% with gross margin reaching 53.2%.

(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.)

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