HK Stock Market Move | MANYCORE TECH (00068) surged again in early trading, with the increase once reaching nearly 30%. The stock price has more than quadrupled in the three days since its listing.

MANYCORE TECH(00068) surged once again at the opening, with the increase reaching close to 30% at one point, and the stock price has risen more than four times compared to the issuance price. As of the time of writing, it rose by 16.51%, closing at 43.62 Hong Kong dollars, with a trading volume of 1.1 billion Hong Kong dollars. Public information shows that MANYCORE TECH is a leading global provider of cloud-native spatial design software. Its products KuajiaLe and its overseas version Coohom serve more than 200 countries and regions globally, making it the largest spatial design platform in the world. The company, along with Deep Exploration, Yushu Technology, Game Science, Cloud Deep Technology, and Qiangnao Technology, are collectively known as the "Six Small Dragons of Hangzhou." It is worth mentioning that the company has been highly anticipated since its subscription stage. The IPO subscription results previously announced by the company showed that the IPO was oversubscribed by over 1,590 times in Hong Kong public offering and 14.46 times in international offering. According to the prospectus, the company's revenue reached 820 million yuan in 2025, with a gross profit margin as high as 82.2%, and an adjusted net profit turnaround from loss to profit of 57.127 million yuan, with a net retention rate of 109% for major customers. Currently, the company has established strategic partnerships with leading enterprises in various industries such as Zhiyuan Siasun Robot&Automation, Galaxy Universal, Zhejiang Huace Film & TV, PICO, and Hangcha Group. Its spatial intelligence capabilities are extending from spatial design to training for Siasun Robot&Automation, industrial twins, film and television virtual production, XR content ecology, and many other fields.