Stock Track | MANYCORE TECH Soars 54.52% Intraday on Strong IPO Demand and Solid Financial Performance

Stock Track

Apr 20

MANYCORE TECH's stock price surged 54.52% during intraday trading on Monday, reflecting continued strong investor interest following its recent Hong Kong listing.

The company's Hong Kong IPO was oversubscribed by more than a thousand times, with total margin financing applications reaching HK$131.2 billion, indicating exceptionally high investor demand. According to its prospectus, MANYCORE TECH reported revenue of 820 million yuan for 2025 with an impressive gross profit margin of 82.2%, achieving an adjusted net profit of 57.127 million yuan and turning profitable from previous losses.

As a globally leading provider of cloud-native spatial design software, MANYCORE TECH's flagship products serve over 200 countries and regions, establishing it as the world's largest spatial design platform. The company has also formed strategic partnerships with leading enterprises across various industries and is expanding its spatial intelligence capabilities into new growth areas such as robot training, industrial digital twins, virtual film production, and XR content ecosystems.

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