Changes in Hong Kong stocks | Jiang Bolong (09976) rose more than 7% in early trading, with net profit exceeding 10 billion dollars in the first half of the year. The company is the leading domestic storage module

The Zhitong Finance App learned that Jiang Bolong (09976) rose more than 7% in early trading. As of press release, it rose 7.05% to HK$224.8, with a turnover of HK$141 million.

According to the news, Jiang Bolong's interim results showed that revenue for the first half of the year was 24.088 billion yuan, up 136.26% year on year; net profit to mother was 10.577 billion yuan, up 71528.66% year on year. The net capital raised from the H-share listing is about HK$6.020 billion. The capital raised will mainly be invested in the three major directions of AI high-end memory research and development, main control chips, and high-end packaging and testing.

Huatai Securities released a research report stating that the company is a leading domestic storage module, fully benefiting from the AI-driven upward cycle of the storage boom. Enterprise-level and leading overseas business layouts bring higher growth flexibility, and continues to make efforts to develop its own master control chips, deepen the TCM/PTM model to consolidate its competitive advantage, and maintain “buying.”