HK Stock Market Move | XUNCE (03317) rose more than 25% at the end of the day to hit a new high, with the company exploring a tokenized payment model that is expected to upgrade its business operations.

"Token first stock" XUNCE (03317) rose by over 25% at the close, reaching a high of 249 Hong Kong dollars to refresh its new listing high. As of press time, it rose by 24.84% to 247.8 Hong Kong dollars, with a turnover of 1.551 billion Hong Kong dollars, and a total market value approaching the 80 billion Hong Kong dollars mark. On the news front, XUNCE Technology's 2025 annual performance showed that the company achieved operating income of 1.285 billion Yuan for the full year, an increase of 103.28% year-on-year; adjusted net loss narrowed significantly by 33.41% year-on-year, with an adjusted net profit of 50.13 million Yuan in the second half of the year, achieving positive half-yearly profit for the first time. It is worth mentioning that in 2025, XUNCE's ARPU value soared from 2.72 million Yuan to 5.59 million Yuan, an increase of 105.04% year-on-year. In addition, the company's management had previously stated at a performance meeting that in 2026, the company has adopted a Token payment model, with the current Token fee ratio accounting for 5%, and is expected to rapidly increase to 20-30% by 2026. A research report by Guotai Haitong pointed out that the company's core is AIData Agent, which constructs a full-chain technology system covering data acquisition, cleaning, standardization, real-time calculation, and large model tuning. With AI large models accelerating landing in B-side enterprises, the demand for enterprise-level AI data governance is booming, leading to an exponential rise in token consumption. The company is actively exploring a tokenized payment business model to accumulate momentum for future performance growth.