XUNCE (03317) stock surged 6.20% during intraday trading on Wednesday, extending its multi-day rally as investors reacted to a robust interim profit alert and a bullish broker initiation.

The company recently announced that its first-half revenue is expected to reach approximately RMB 9.67 billion, a 389% year-over-year increase to a record high. Net profit attributable to shareholders is projected at around RMB 72.51 million, marking the first-ever half-year profitability, compared to a loss of RMB 89.43 million in the same period last year. This dramatic earnings turnaround has fueled positive sentiment and buying momentum.

Adding to the optimism, Northeast Securities initiated coverage on XUNCE with an Overweight rating, citing AI data infrastructure demand and the migration to Token-based models as dual growth drivers. The broker highlighted that June Token business annualized recurring revenue (ARR) surged 410% quarter-over-quarter, with Token revenue share identified as a key variable for valuation re-rating. The combination of strong fundamentals and institutional endorsement has sustained the stock's upward trajectory.