Changes in Hong Kong stocks | Aixin Yuanzhi (00600) rose more than 19% in the intraday period, and the stock price doubled since the beginning of August. The company's smart driving and edge AI are expected to continue to grow

The Zhitong Finance App learned that Aixin Yuanzhi (00600) rose more than 19% in the intraday period, and the company's stock price has doubled since the beginning of August. As of press release, it rose 15.87% to HK$22.2, with a turnover of HK$96.06 million.

According to the news, Aixin Yuanzhi announced that the self-developed automotive-grade ADAS chip M57 has reached another mass production milestone: the M57 chip platform smart front view camera all-in-one (IFC) built with industry tier1 partner Jingwei Hengrun has officially achieved mass production and delivery. Relying on excellent computing power, power consumption performance and complete compliance with global vehicle regulations, the competitiveness of the M57 chip market continues to increase, and it is growing into the preferred domestic computing power platform for the global L2 assisted driving market.

In the first half of this year, the company achieved revenue of 400 million yuan, an increase of 181.8%; of these, terminal computing revenue was 340 million yuan, an increase of 169.5% over the previous year, accounting for about 85% of revenue, which is the current core revenue source; the smart car and edge AI business all achieved rapid growth under a low base. Guoxin Securities said it continues to be optimistic about the company's technology accumulation in the field of vision-side AI inference, as well as the second and third growth curves brought about by smart driving and edge AI businesses.