HK Stock Market Move | 160 HEALTH (02656) surges over 20% on expanding into new business integrating healthcare and AI computing power, completes RMB 12.2 million order.

160 HEALTH (02656) opened higher today but briefly turned negative, hitting an intraday low of HK$8.52. It then surged rapidly, rising 20.05% as of press time to HK$10.27, with turnover of HK$123 million. On the news front, 160 HEALTH announced this morning that it recently completed, through its domestic subsidiary, the delivery of an integrated solution totaling RMB 12.2 million to a major health enterprise focused on the research and development of smart wearable health devices, and obtained acceptance qualification documents. The solution includes a smart health monitoring system, computing power infrastructure, and integrated commissioning services. Upon delivery, it can support the real-time access, cleansing, and storage of high-frequency vital sign data from the customer's massive terminal devices, and rely on computing power to achieve AI health inference, risk warnings, and user health record management. The board believes that the smooth delivery and acceptance of this solution represents an important exploration and key breakthrough milestone for the group's new business path in the field of integrating healthcare and AI computing power. However, the company noted in its announcement that this business is still in its early stages, that this is only a single order delivery, that a scaled and sustainable revenue model has not yet been formed, and that the impact on its overall financial condition cannot yet be accurately estimated.