Changes in Hong Kong stocks | Haiqing Zhiyuan (01392) rose more than 17%, multi-spectral AI entered a large-scale deployment period, Sullivan named full-link delivery capabilities

The Zhitong Finance App learned that Haiqing Zhiyuan (01392) opened high today, surging by more than 17% in the intraday period, hitting a new listing high of HK$33.34, with a cumulative increase of more than 60% over the past three trading days. As of press release, it had risen by nearly 14% to HK$31.46, with a turnover of HK$747,787 million.

According to the news, Sullivan released the “2026 White Paper on the Development of the Multispectral AI Industry” on September 14, pointing out that China's multispectral AI industry is moving from commercial verification to large-scale scaling. In 2025, China's multispectral AI market size is about 20 billion yuan, and the compound growth rate from 2025 to 2030 is about 31.8%. Haiqing Zhiyuan has full-link delivery capabilities for “module+terminal+industry model”. Midstream integration and algorithm vendors are gradually building closed-loop capabilities of “data-model-product-scenario”. The focus of industry competition is evolving from a single hardware product to comprehensive scenario understanding and continuous service capabilities.

It is worth mentioning that as one of the few multi-spectral physical AI companies in the Hong Kong stock market that has gone through commercialization, Haiqingzhi handed over its first impressive semi-annual report since listing not long ago. In the first half of this year, the company achieved total revenue of 410 million yuan, an increase of 84.5% over the previous year; after excluding one-time costs of listing, adjusted net profit was 27.6 million yuan, an increase of 21.9% over the previous year. Among them, multispectral AI model service revenue surged to 320 million yuan, surging 382.5% year on year, and the revenue share directly soared from 29.8% to 78%, becoming the absolute main engine of growth.