New stock first day | "Picture fusion first stock" Haizhi Technology (02706) first listed on the market surged more than 225%, 5065 times oversubscribed to ignite the market.

Hai Zhi Technology Group (02706) debuted on the stock market, with an announcement showing the price per share at HK$27.06, issuing a total of 28.03 million shares, with 200 shares per lot, resulting in a net amount of approximately HK$655 million. It is worth noting that the company's Hong Kong public offering was oversubscribed by 5065.06 times. As of the time of writing, the stock has risen by 225.39%, reaching HK$88.05 per share, with a trading volume of HK$377 million. According to public information, Hai Zhi Technology is a leading enterprise in the field of graph computing and graph databases in China, focusing on developing Atlas Graph solutions and providing industry-level artificial intelligence solutions through graph fusion technology. The Atlas Graph solution is one of the company's core products during the reporting period, based on the company's industry-leading graph computing and data analysis capabilities, including the DMC data intelligence platform, Atlas knowledge graph platform, and AtlasGraph graph database. With the gradual promotion of AI large-scale model applications, Hai Zhi Technology's related revenue, namely "Atlas intelligence body," has shown rapid growth in recent years, with an increase of nearly 9 times in 2024 compared to 2023, and nearly 5 times in the first half of 2025. According to Frost & Sullivan data, Hai Zhi Technology is the first Chinese enterprise to effectively reduce the hallucination of large models through knowledge graphs, capable of building core competitiveness and technological barriers in terms of accuracy, hallucination rate, and complex logical reasoning ability, successfully alleviating the hallucination problem of large language models.