HK Stock Market Move | FENBI (02469) rose by more than 5%, with institutions optimistic about the company's performance in AI applications and the pace of future launches of new AI products.

FENBI (02469) rose more than 5%, as of the time of writing, it rose by 5.11%, trading at 3.5 Hong Kong dollars, with a turnover of 2.23 billion Hong Kong dollars. On the news front, FENBI recently released a performance forecast for the first half of 2025, expecting first-half revenue of no less than 1.472 billion yuan, net profit of no less than 215 million yuan, and adjusted net profit of no less than 260 million yuan. FENBI stated in the announcement that, given the recent performance of FENBIAI products, management remains optimistic about the company's development prospects, planning to continuously upgrade and improve the AI course product matrix to tap into growth potential, accelerate market expansion, increase revenue, and improve profit margin. Cinda's research report pointed out that in April 2025, FENBI launched an AI question brushing system class based on a self-developed AI vertical model, priced at 399 yuan, with sales of about 50,000 people and receipts of about 20 million yuan as of the end of June. The bank believes that the sales performance of the AI question brushing system class is excellent and has attracted a large number of previously unpaid users, indicating that the improvement of paid conversion is beginning to take effect. With the gradual introduction of AI large class courses for other subjects, the company is expected to achieve nonlinear growth through AI applications. The bank is optimistic about the company's performance in AI applications and the pace of future new AI product launches, maintaining a "buy" rating.