Changes in Hong Kong stocks | Xiangong Intelligence (06106) rose more than 22%, and its performance in the first half of the year increased by more than 60% year-on-year, and the robot brain has already landed on the Nvidia production line

The Zhitong Finance App learned that Xiangong Intelligence (06106) rose by more than 22%. As of press release, it had risen 21.7% to HK$60, with a turnover of HK$13.352 million.

According to the news, Xiangong Intelligence recently announced that the year-on-year revenue growth rate for the first half of the year is not 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. In terms of industrial chain layout, Xiangong Intelligence has entered the supply chain of leading companies such as Nvidia and Tesla. According to reports, humanoid robots equipped with Xiangong's intelligent brain have landed on Nvidia production lines to be used in industrial processes such as video card testing. Nvidia has a global layout of about 20,000 to 30,000 workstations. It is estimated that a single workstation is configured with 3 to 5 robots, corresponding to the potential demand for about 100,000 robots, and the market space is expected to reach 35 billion yuan.