Changes in Hong Kong stocks | Hard Egg Innovation (00400) rose nearly 8%, and operating profit doubled in the third quarter, Token factory accelerated the construction of a second growth curve

The Zhitong Finance App learned that Hard Egg Innovation (00400.HK) rose nearly 8%. As of press release, it had risen 7.77% to HK$3.33, with a turnover of HK$2.1751 million.

According to the news, recently, Hard Egg Innovation announced the operating summary for the third quarter of this year. According to the announcement, the company's revenue for the first three quarters was about 20.916 billion yuan, up 109.0% year on year, and operating profit was about 816 million yuan, up 102.3% year on year. Looking at a single quarter, revenue for the third quarter was 7.667 billion yuan, up 130.1% year on year, and operating profit was about 300 million yuan, up 133.7% year on year. The growth was mainly driven by the continued release of demand for chips in the field of artificial intelligence data centers, storage and robotics, and the synergy of technical solutions and distribution business.

Meanwhile, the new Token Factory business of its hard-egg AI cloud platform is accelerating to become the Group's second-largest growth curve. According to an announcement issued by the company in August this year, the AI Token factory's intended service order of more than 1 billion US dollars has previously been officially signed as a service contract. It is expected to generate more than 1 billion US dollars in service fee revenue over the next five years, and delivery is scheduled to begin in the fourth quarter of 2026. Customers include first-tier Internet cloud service providers and vertical robotics market customers.

It is worth noting that the announcement shows that current customer demand for Hard Egg Innovation continues to be strong, has plenty of orders on hand, covers a variety of application scenarios, and has good business visibility. In particular, the AI Token factory mentioned above has an official contract with a TCV of more than 1 billion US dollars, and it is expected that the size of the relevant contract will further advance towards the goal of doubling by the end of 2026.