HK Stock Market Move | GUOXIA TECH (02655) rose more than 7% during trading; the company has a forward-looking layout in the AISiasun Robot & Automation safety track.
Tech company "Fruit Future Technology" (02655) rose more than 7% in midday trading, up 4.43% as of the time of writing, trading at 37.7 Hong Kong dollars, with a trading volume of 6.6 million Hong Kong dollars.
GUOXIA TECH (02655) rose more than 7% in intraday trading, and as of the time of writing, it has risen by 4.43% to 37.7 Hong Kong dollars with a turnover of 66.02 million Hong Kong dollars.
Public information shows that GUOXIA TECH is a provider of renewable energy solutions and products based on platform technology and AI drive. The company's energy storage system solutions and products are widely used in large-scale power and grid sides in the Chinese and overseas markets as well as in industrial, commercial, and residential scenarios. It is worth mentioning that the company has strategically positioned itself in the "AISiasun Robot & Automation Safety" field, which is related to the progress of human civilization, making it the first enterprise globally to enter this field. The company leverages its core technologies in AI algorithms, edge computing, real-time data processing, and energy security accumulated in the energy storage field to develop intelligent security protection systems for human-machine collaboration environments.
Financially, the company's main business income has been continuously increasing over the past three years: in 2022, the income was 142 million RMB, in 2023, it jumped to 314 million RMB, with a year-on-year growth of up to 121%; in 2024, the annual income reached 1.026 billion RMB, with a year-on-year growth expanding to 227%. In the first half of this year, the company achieved operating income of 691 million RMB, a staggering increase of 663% compared to the same period last year's 90.26 million RMB, with the income for just the first half of the year already exceeding twice the income for the entire year of 2023.
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