Changes in Hong Kong stocks | Guanghe Technology (01989) rose more than 13%, Muse revives market enthusiasm for server CPUs, AI drives company performance growth by leaps and bounds

The Zhitong Finance App learned that Guanghe Technology (01989) rose by more than 13%. As of press release, it had risen 10.89% to HK$136.4, with a turnover of HK$1,136 billion.

According to the news, Meta's AI agent Muse quickly became popular after its release, rekindling the market's enthusiasm for CPUs. Since CPUs are essential chips to run such agents, demand for them is expected to heat up. According to reports, in terms of cumulative revenue from 2022 to 2024, Guanghe Technology ranked first among CPU motherboard PCB (for computing power servers) manufacturers headquartered in mainland China and third among global CPU motherboard PCB (for computing power servers) manufacturers, accounting for 12.4% of the global market share.

China Post Securities pointed out that benefiting from the wave of the AI industry, the company achieved revenue of 4.388 billion yuan in the first half of 2026, an increase of 80.98% over the previous year, and achieved net profit of 956 million yuan, an increase of 94.39% over the previous year; gross margin rose to 39.27%. The increase in gross margin stemmed from three aspects: first, optimization of the product structure, which further increased the share of server product revenue to 90%, and the share of ultra-high multi-layer and high-end HDI products above 18 floors increased in main revenue; second, the share of export sales increased, and the gross margin of overseas business was higher; third, strict control of low margin orders combined with PCB products implemented in the second quarter.