GEEKPLUS-W (02590) rose more than 5%. As of the time of writing, the stock was up 5.71%, trading at HKD 28.52, with a turnover of HKD 41.3676 million. On the news front, according to an announcement on the company's official WeChat account, GEEKPLUS-W has launched a new version of its RMS dispatch system. The new version of RMS features an enhanced 3D monitoring function that incorporates LOD (Level of Detail) technology, enabling real-time loading of high-fidelity 3D models without requiring additional server investment. Managers can utilize remote monitoring to intuitively view the real-time status of robots, containers, and supporting equipment, along with related task progress, which can significantly reduce exception resolution time and make multi-warehouse coordinated management easier and more efficient. A HSBC Research report noted that AMR technology is rapidly transforming the global warehousing industry, with penetration expected to increase from 8% in 2024 to 20% by 2029. GEEKPLUS-W, with 72% of its revenue coming from overseas, an overseas gross profit margin as high as 47% (compared to just 4% in the mainland China market), and an increasing contribution from repeat customer sales (accounting for 75% in 2024), has become an industry leader. Furthermore, maintenance fee revenue is projected to account for 12% of sales by 2027. The bank's profit growth expectation for GEEKPLUS-W (a CAGR of 147% from 2025 to 2027) is significantly higher than that for its competitor AutoStore (where the market expects 35%).