MANYCORE TECH (00068) surged more than 48% on its second day of trading, reaching a new high of HK$27.6. The share price has now risen more than 2.6 times compared to its initial public offering price of HK$7.62. As of the latest update, the stock was up 44.52%, trading at HK$26.88 with a turnover of HK$1.02 billion.

Public information indicates that MANYCORE TECH is a globally leading provider of cloud-native spatial design software. Its flagship product, Kujiale, and its international version, Coohom, serve over 200 countries and regions, establishing it as the world's largest spatial design platform. The company is recognized as one of the "Hangzhou Six Little Dragons," alongside firms such as DeepSeek, Yushu Technology, Game Science, CloudDepth Technology, and BrainCo.

Notably, investor interest in MANYCORE TECH has been exceptionally high since its subscription phase. Its Hong Kong IPO was oversubscribed by more than a thousand times, with total margin financing applications reaching HK$131.2 billion. According to its prospectus, the company reported revenue of 820 million yuan for 2025, with a gross profit margin of 82.2%. It achieved an adjusted net profit of 57.127 million yuan, turning a profit from a previous loss, while its net revenue retention rate for major clients stood at 109%.

The company has established strategic partnerships with leading enterprises across various industries, including Zhiyuan Robot, Yinhe General, Huace Film & TV, PICO, and Hangcha Group. Its spatial intelligence capabilities are expanding beyond spatial design into areas such as robot training, industrial digital twins, virtual film production, and XR content ecosystems for numerous sectors.