Changes in Hong Kong stocks | Preferred Choice (09880) rose more than 8%, the company accelerated its layout in the European market, and the revenue of full-size humanoid robots grew rapidly

The Zhitong Finance App learned that Premium Choice (09880) rose more than 8% in early trading. As of press release, it had risen 7.82% to HK$68.25, with a turnover of about HK$355 million.

According to news, recently, Preferred Choice signed a memorandum of understanding with the Brussels-based international association China-Europe Digital Association (ChinaEU) to deepen cooperation in the European robotics market. The company said that this cooperation will rely on Preferred Choice's existing European partnerships and distribution network to further expand its ties with potential customers and industry partners. Since this year, Preferred Choice has been a few in Europe. In January, Preferred Choice announced that Airbus had purchased its industrial humanoid robot Walker S2 for the manufacturing plant; in April, Preferred Choice signed a contract with European robot integrator Terra Robotics, which became its exclusive distributor in the German-speaking region (Germany, Switzerland, Austria).

In the first half of this year, Preferred Choice achieved total revenue of 1.27 billion yuan, an increase of 104.2% year on year; overall sales of humanoid robots increased 268.3% year on year. Among them, full-size intelligent humanoid robots are growing rapidly, with revenue up 1445% year over year and sales up 1946.7% year over year. According to Galaxy Securities, the artificial intelligence industry has vast space on a trillion-level racetrack. The company already has many core technologies. In 26 years, full-scale revenue has exceeded half, sales have increased nearly 20 times, and scale effects are beginning to appear.