On June 15, Xunce Technology (03317.HK) rose 13.23% in regular trading, trading at HK$157.6/share, with turnover of HK$123 million.
On the news front, Xunce Technology recently signed a strategic cooperation agreement with leading optical quantum computing firm Turing Quantum in Shenzhen. The two parties will jointly build integrated hardware-software system solutions under the core framework of Quantum plus Token Factory, promoting the deep integration of quantum technology with energy, finance, healthcare, biology, and transportation sectors. The cooperation spans three dimensions: computing power synergy, quantum security, and scenario-based Token production, exploring industrialized Token production under a quantum-classical hybrid computing architecture.
The stock had previously retreated over 60% from its historical high of HK$382.8 after a nearly 10x surge from HK$38 over approximately 120 trading days. The partnership announcement helped revive market sentiment, driving short-term capital inflows and triggering a rebound. Notably, the company still faces unlocking pressure as approximately 6.41 million cornerstone investor shares are set to exit their lock-up period on June 29.
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