Changes in Hong Kong stocks | Xiangong Intelligence (06106) rose more than 9% in the afternoon and is expected to grow both revenue and gross profit by more than 60% in the first half of the year

The Zhitong Finance App learned that Xiangong Intelligence (06106) rose more than 9% in the afternoon. As of press release, it had risen 8.56% to HK$49.96, with a turnover of HK$11.8921 million.

According to the news, Xiangong Intelligence recently issued an announcement. The year-on-year revenue growth rate for the first half of the year is expected to be no less than 60%; the gross profit growth rate is not less than 65%, mainly driven by the increase in revenue from intelligent robots and robot “brains” and the increase in overseas revenue. According to the data, from January to May, the company's new overseas orders increased by more than 460% year on year, the number of overseas customers increased by more than 100%, and the global business entered a phase of accelerated expansion.

According to public information, Xiangong Intelligence is an intelligent robot company with a robot control system (or “robot brain”) as the core. As a key differentiating advantage of the company's business, the robot control technology independently developed by the company forms the foundation that supports intelligent robot products. According to sales, Insight Consulting's robot controller is number one in the world and number one in China, with a market share of 24.8% and 45.2%.