HK Stock Market Move | YUNJI (02670) rose more than 13% in intraday trading, reaching a new all-time high. Smart body application revenue nearly doubled year-on-year.

YUNJI (02670) rose more than 13% during trading, reaching a high of HK$225.2, setting a new historical high. As of the time of writing, it is up 7.49% at HK$213.8, with a trading volume of HK$1013.36 million. In terms of news, YUNJI released its annual performance report, achieving an operating income of RMB 3.01 billion, a year-on-year increase of 23.1%. In particular, the revenue from the "intelligent body application" representing the company's strategic direction increased by 194.1% year-on-year. The announcement stated that this marks the company's strategic shift towards data-centric and service-driven algorithms entering the commercial value realization period. In addition, the company aims to achieve a year-on-year growth of 92.1% in revenue from outside mainland China by 2025. Industrial released a research report stating that YUNJI is a leader in the Chinese hotel scene service Siasun Robot & Automation, benefiting from early-mover advantages, customer and data resource accumulation, and diversified layout in various scenes including healthcare and factories. The company is currently focused on product sales of Siasun Robot & Automation as its performance base, while the subscription and service charges for intelligent body applications offer long-term growth potential.