HK Stock Market Move | MANYCORE TECH (00068) surged nearly 13%, with AI new application revenue increasing by 177% in the first half of the year. The company may be included in the Hong Kong Stock Connect early this month.

MANYCORE TECH (00068) soared nearly 13% at its peak, and as of the time of writing, it was up 9.82%, priced at HKD 9.225, with a transaction volume of HKD 29.0741 million. In terms of news, recently, MANYCORE TECH released its first interim results since going public. The company reported a revenue of HKD 405 million in the first half of the year, with a gross margin reaching a historical peak of 83%. The adjusted net profit was HKD 55.42 million, a year-on-year increase of 211%, nearly matching last year's full-year level. The market is particularly focused on the fact that the revenue from the companys new AI applications and products grew by 177% year-on-year in the first half of the year. This indicates that MANYCORE TECHs spatial intelligent infrastructure strategy is continuously being implemented, and the commercialization process has accelerated. On the business side, the order value for SpatialVerse, which serves physical AI training, has already surpassed the total for last year in the first half. SpatialVerse has established partnerships with domestic physical AI companies such as Siasun Robot & Automation, Galaxy Universal, Qunche Intelligent, and Hesai, and has formed close industrial and academic collaborations with several overseas tech giants. It is also worth mentioning that MANYCORE TECH has recently been officially included in the Hang Seng Composite Index, with the relevant adjustments set to take effect from September 7, 2026. Being included in the Hang Seng Composite Index is a key prerequisite for entering the eligible range of Hong Kong Stock Connect, which means that passive fund allocation and improved liquidity from mainland investors will follow suit.