MEIG (03268) rose more than 8%, with its A-share counterpart hitting the daily limit-up. As of press time, the stock was up 8.3% to HK$28.18, with a turnover of HK$230 million.

Recently, MEIG became the first in the industry to officially commence mass production and delivery of 77 TOPS AI modules, significantly elevating the hardware performance of AI modules for batch delivery and continuing to lead the development of high-computing edge-side industries, accelerating the implementation of physical AI.

Previously, MEIG stated that high-computing AI modules and automotive modules are key directions for the company's business development this year. Edge AI is rapidly transforming the IoT industry across various sectors, and automotive customers have unlimited demand for computing power. Given that technology and products are still in a phase of rapid iteration, the company expects related products to maintain strong market competitiveness. Currently, orders and customer demand for related products continue to be favorable, providing solid support for operating performance.

Guojin Securities noted that the company differentiates itself with integrated "communication + computing" smart modules, maintaining a leading position in the smart cockpit field of new energy vehicles with its 5G high-computing smart modules. The company is advancing the mass production of 48 TOPS products and iterating toward 80 TOPS, being the first globally to deploy edge-side models on high-computing AI modules, and has provided edge model deployment and AI application development support to clients across various industries.

Additionally, the company is strategically positioning itself in edge AI by investing in the Nantong project. In April, the company announced plans to invest RMB 300 million to build an "AI R&D and Advanced Manufacturing Industrial Base" in Nantong, focusing on high-computing AI modules, ASIC servers, and high-computing automotive SIP modules.