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Changes in Hong Kong stocks | Yunzhisheng (09678) rose more than 12%, and the smart device business grew steadily in the first half of the year, and Token revenue soared 7.6 times

Zhitongcaijing·09/01/2026 07:41:17
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The Zhitong Finance App learned that Yun Zhisheng (09678) rose by more than 12%. As of press release, it had risen 12.09% to HK$85.75, with a turnover of HK$643 million.

According to news, in the first half of this year, Yunzhisheng achieved revenue of 562 million yuan, an increase of 38.7% over the previous year. Looking at the specific business, the company's main business maintained steady growth, with revenue of 478 million yuan, up 35.7% year on year; Token business accelerated. During the reporting period, the company's big model token business revenue was close to 30 million yuan, up 760% year on year; of these, revenue in the second quarter exceeded 25 million yuan, up more than 500% month on month, mainly driven by US dollar revenue. At the same time, the gross margin of the Token business has exceeded 60%, and the company's repurchase revenue accounts for more than 60%.

During the reporting period, the company released the next-generation general-purpose pedestal model U2, which is a centralized implementation of the company's “high intelligence density and high token value” technology proposition. The company said that in the second half of the year, U2 is expected to further iterate to serve users with better general performance and enhanced capabilities in specific fields, and simultaneously improve vertical and multi-modal model matrices such as the three medical systems, voice, and document intelligence.