HK Stock Market Move | Xunfeihealth (02506) soared by more than 18%. The company recently won the bid for the national AI pilot base project with a total contract value of 428 million yuan.

XUNFEIHEALTH (02506) surged more than 18%, as of the time of publication, rose by 11.5% to HKD 90.2, with a transaction amount of HKD 28.7921 million. On the news front, XUNFEIHEALTH recently announced that it has won a bid for a software service project for the national artificial intelligence application trial base (medical field grassroots health service direction) with a contract value of 428 million yuan. The project requires the development of multiple billion-level parameter medical vertical large models, the construction of a medical data resource platform, and the creation of a demonstration application that can be replicated and promoted nationwide, with service cycle extended to 2028. In the article "XUNFEIHEALTH (02506) Wins Bid for National Team Project Worth 428 Million Yuan, Becomes "Leader" in AI Medical Infrastructure", it points out that the medical AI industry has long faced the pain points of a single business model and difficult monetization. However, XUNFEIHEALTH's assumption of this project and past operational data indicate that its business model has achieved a key evolution. The project clearly proposes to establish a "long-term operation mechanism", indicating that XUNFEIHEALTH is transitioning from traditional software projects with one-time delivery to providing comprehensive services of "large models + data + operation".