HK Stock Market Move | XUNCE Technology (03317) jumped over 10% in early trading, with Northeast initiating coverage with a "Buy" rating. Revenue in the first half of the year surged by 389%, marking the first profit.

XUNCE Technology (03317) rose over 10% in early trading, reaching a peak of HKD 130 during the session. As of the time of publication, it was up 9.79%, trading at HKD 129, with a transaction volume of HKD 326 million. In terms of news, Northeast initiated coverage with a "Buy" rating. It released a comment on XUNCE Technology's performance forecast for the first half of 2026: the company is expected to turn a profit in the first half of the year, with the Token business entering a revenue contribution period. Token pricing is anticipated to further open the ARPU ceiling, combined with operational leverage on the expense side, the potential for profit elasticity is promising. It is expected that the net profit attributable to parent company from 2026 to 2028 will be approximately RMB 30 million, RMB 170 million, and RMB 380 million, respectively, with a forecast of turning a profit in 2026. XUNCE Technology expects to achieve an operating revenue of approximately RMB 967 million in the first half of 2026, a significant year-on-year increase of about 389%; the net profit attributable to parent company is expected to be around RMB 72.51 million, a turnaround from a loss of RMB 89.43 million during the same period last year, marking its first half-year profit; the adjusted net profit is anticipated to be approximately RMB 67 million, compared to an adjusted net loss of approximately RMB 105 million during the same period last year, indicating a significant improvement in core operating quality.