HK Stock Market Move | PATEO (02889) rose more than 7% in early trading, the company deeply integrates with the HarmonyOS ecosystem, benefiting from the high delivery growth of HarmonyOS smart car models.

PATEO (02889) rose more than 7% in early trading, rising by 7.28% at the time of writing to 185.6 Hong Kong dollars, with a trading volume of 669.468 million Hong Kong dollars. On the news front, on May 22, the Kunpeng Ascension Developer Conference 2026 was successfully held at the International Innovation Center of Beijing Centergate Technologies. At this conference, Kunpeng and Ascension released a number of innovative technologies, including innovations in Kunpeng and Ascension super node architecture, continuous improvement in software open source and usability. On May 25, Huawei officially announced the Tao Law, the first time a Chinese company has proposed a new principle for global industrial development in the chip field. Guosheng had previously released a research report stating that PATEO is deeply integrated with the Hongmeng ecosystem. Its independently developed QOS has high openness and compatibility, and deep synergy with the Kirin 9610A processor, creating an ecological barrier. The bank pointed out that the company's core benefits from the high growth in the delivery of Hongmeng smart car models, and is comprehensively promoting globalization layout, with overseas customers continuing to advance, expected to gradually contribute to incremental revenue.