HK Stock Market Move | GUOXIA TECH(02655) up more than 12%, the company enters a new stage of global development, and will deepen the research and development of core energy storage technology with "AI+" in the future.

GUOXIA TECH (02655) rose more than 12%, as of the time of writing, up 12.47% to HK$41.48, with a turnover of HK$91.1 million. On the news front, recently, GUOXIA TECH officially listed on the Hong Kong stock market, entering a new stage of global development. According to the prospectus, GUOXIA TECH has maintained rapid revenue growth over the past three years. In this global offering, GUOXIA TECH will issue 33.8529 million shares at an issue price of HK$20.1 per share, raising a net amount of approximately HK$605.6 million (assuming the exercise of the over-allotment option and the additional share option is not exercised, net of underwriting commissions, global offering expenses and other expenses), which will be mainly used to deepen the core technology research and development of "AI+" energy storage, establish overseas operations and service networks, and expand production capacity. It is reported that as a leading player in the AI Internet energy storage field, GUOXIA TECH continues to break through with technology and market support, and plans to expand the "AISiasun Robot&Automation Safety" track in the future, potentially opening up a new market of tens of billions. The company will strategically migrate the core technologies accumulated in the energy storage field, such as AI algorithms, edge computing, real-time data processing, and energy security, to focus on developing intelligent security systems for human-machine collaborative environments. GUOXIA TECH Chairman and Executive Director Feng Lizheng said, in the future, GUOXIA TECH will continue to focus on the "AI+" energy storage track, building a full-stack technical system from "cloud brain" to "embodied intelligence."