Shares of BAIRONG AI-W (06608) surged over 6% in the afternoon session, recently trading 7.16% higher at HKD 5.765, with a turnover of HKD 9.6553 million.
On the news front, in July, BAIRONG AI-W showcased four new products—BaiZhi WiseNote, BaiYu, BaiFu, and AI Work Mobile—at the 9th World Artificial Intelligence Conference, promoting the concept of "AI moving from voice interaction into the era of silicon-based employees." On August 14, the company updated its stock name on the Hong Kong Stock Exchange to "BAIRONG AI-W."
According to CITIC Securities, the company disclosed that its AICC business has expanded into the logistics industry, achieving tangible progress, validating its cross-industry replication capabilities, with the AI transformation beginning to show results. Additionally, the company stated it has ample cash on hand and no interest-bearing debt, and has been aggressively repurchasing shares for two consecutive days after issuing a profit warning, fully reflecting management's confidence in the current valuation gap and long-term outlook for the scalable development of AICC and silicon-based employee products.