Changes in Hong Kong stocks | Tianshu Zhixin (09903) rose nearly 10% in the afternoon, and the revenue of the Zhikai series surged sixfold in the first half of the year and became the main growth engine

The Zhitong Finance App learned that Tianshu Zhixin (09903) rose nearly 10% in the afternoon. As of press release, it rose 8.09% to HK$398.0, with a turnover of HK$582 million.

According to the news, Tianshu Zhixin's interim results show that, benefiting from the concentrated explosion of demand for cloud-based AI inference computing power, the Zhi Kai series achieved breakthrough growth, with revenue of about 654 million yuan in the first half of this year, a sharp increase of 651.8%; gross profit of about 233 million yuan, gross margin of 35.6%, which became the core driving force for Tianshu Zhixin's revenue growth; the Tianyi series, which is positioned as a high-end training scenario, maintained a steady growth rate. Revenue for the first half of the year was about 262 million yuan, an increase of 38% over the previous year.

Shen Wan Hongyuan released a research report stating that the company developed the three product lines of Tianyuan, Zhi Kai, and Tongyang based on the GPGPU architecture, covering all scenarios of AI training and promotion + end side, focusing on adapting TCO and computational efficiency to business scenarios, and has a competitive advantage. Therefore, maintaining profit forecasts, it is estimated that net profit attributable to mother will be 1.03, 16.96, and 3.64 billion yuan in 2026-2028. Maintain a “buy” rating.