HK Stock Market Move | YIDU TECH(02158) rose by over 11% in the final trading session. It will release its mid-term financial results next Thursday and its subsidiary won the Tianjin Big Data Platform project.

YIDU TECH (02158) saw its gains expand by over 11% in the afternoon session, rising 9.77% to HK$5.73 with a trading volume of HK$291 million as of the time of writing. On the news front, YIDU TECH will hold a board meeting on November 21 to consider and approve its interim performance. It is reported that YIDU TECH's adjusted EBITDA for the 2024 fiscal year is RMB 31 million, marking its first full-year profit. EB Securities previously noted that with the increase in AI-empowered product unit price and further release of operating leverage, it is expected that FY27 will turn losses into profits. They are optimistic about YIDU TECH's self-developed medical vertical field large language models empowering YiduCore, while considering the vast growth space of the HMPS sector. In addition, on November 12, YIDU TECH announced that its affiliate company Medidata Cloud (Beijing) Technology Co., Ltd. won the bid for the Health and Medical Big Data Platform project in Tianjin Binhai New Area Economic Development Zone, with a total amount of approximately RMB 21.76 million. On October 15, the "Beijing Inclusive Health Insurance" for the year 2025 officially opened for enrollment, and as of November 5, the number of insured individuals for this product has exceeded 2 million. It is reported that this year is the fourth consecutive year for YIDU TECH to provide main operating services for the "Beijing Inclusive Health Insurance" program.