Movement Alert|XUNCE Rises 11.11% in Regular Trading, Interim Earnings Turnaround Fuels Bullish Sentiment

Market Focus
Aug 03

On August 3, XUNCE rose 11.11% in regular trading, trading at 125.0 HKD/share, with turnover of HKD 30.77 million.

The rally was driven by continued market digestion of the company's positive profit alert released on July 31. XUNCE reported preliminary H1 revenue of approximately RMB 967 million, surging 388.76% year-over-year from RMB 198 million. The company swung to a net profit of approximately RMB 72.51 million from a loss of RMB 89.43 million in the prior-year period. Adjusted net profit reached approximately RMB 67 million, marking a significant turnaround from an adjusted net loss of RMB 104.98 million a year earlier.

Management highlighted that Token call volume has emerged as a new revenue growth engine, with June Token business ARR surging 410% quarter-over-quarter, far exceeding expectations for commercialization progress. The company has also recently signed strategic partnerships with Hongtai Capital's parent company, European IT services firm Lutech, and Shenzhen Kaihong Digital to accelerate TokenOS deployment across multiple industries.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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