HK Stock Market Move | GALAXIS TECH (02729) Rises Over 6% as Order Backlog and Overseas Expansion Resonate, Long-Term Growth Potential Expected to Open Up

GALAXIS TECH (02729) rose over 6%, up 6.59% as of press time at HK$18.76, with turnover of HK$29.1714 million. On the news front, in the first half of this year, GALAXIS TECH achieved revenue of approximately RMB505 million, up 45.1% year on year. As of the end of June, the company had an order backlog of approximately RMB2.2 billion for delivery, including 56 ongoing overseas projects with a pending delivery amount of RMB710 million; overseas business opportunities in the first half grew 61.5% year on year, with a cumulative 22 overseas partners covering 31 countries and regions. Guolian Minsheng Securities said GALAXIS TECH has AMR mobile chassis, navigation control, Siasun Robot&Automation scheduling and logistics scenario implementation capabilities, and can in the future extend to wheeled embodied intelligent Siasun Robot&Automation, further covering processes such as grabbing, batching, loading and unloading, palletizing and depalletizing, and flexible sorting. Therefore, the brokerage believes that as AI large model capabilities continue to evolve and embodied intelligence accelerates industrialization, the company is expected to further expand product boundaries and application scenarios, opening up long-term growth space.