On May 22, Hang Seng Indexes Company announced the results of its quarterly review for the Hang Seng Index Series, effective until March 31, 2026. ILUVATAR COREX (09903) has been included as a constituent of the Hang Seng Composite Index. This change will be implemented after the market close on Friday, June 5, 2026, and will take effect starting Monday, June 8, 2026. Following this, the Shanghai and Shenzhen Stock Exchanges are expected to adjust the scope of eligible securities for the Southbound Stock Connect program, making ILUVATAR COREX a likely candidate for inclusion.

Analysts note that ILUVATAR COREX, as a pioneer in China's dual-line GPU sector, demonstrates core competitiveness through its DeepSpark ecosystem. The current stock price is seen as trading at a significant discount relative to its potential valuation. The company reported a doubling of its revenue last year to RMB 1.034 billion. Revenue for the current and next fiscal years is projected to increase by 126% and 133%, respectively, driven by higher average selling prices for its TG Gen 3 products and increased production output of its Zhi Kai (ZK) series.

As a rare domestic GPU listing in Hong Kong, ILUVATAR COREX's current share price implies a forward price-to-sales ratio of approximately 20 times for the coming year. This valuation is notably lower than the average of around 56 times for its A-share peers in the same sector.