Changes in Hong Kong stocks | Junzheng shares (03223) rose more than 7% in early trading to reach a new listing high. H shares officially entered the Hong Kong Stock Connect list starting today

The Zhitong Finance App learned that Junzheng shares (03223) rose more than 7% in early trading, and the stock price reached a new high. As of press release, it rose 5.37% to HK$105.9, with a turnover of HK$42.592 million.

According to the news, according to announcements from the Shanghai Stock Exchange and Shenzhen Stock Exchange, the lists of Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Exchange have been adjusted and transferred to Junzheng shares, which will take effect on September 21. According to the prospectus, Junzheng Co., Ltd. is a “storage+computing+simulation” chip provider. Using industry trends and proprietary technology, the company provides memory chips optimized for AI workloads, computing chips with chip acceleration and inference functions, and analog chips that achieve intelligent sensing and power management.

The company's business model is a fabric-free model. Based on this, the company focuses on chip development and design, while cooperating with leading fabs and packaging and testing foundries to ensure business scalability. Through endogenous growth and strategic acquisitions, the company became a company with a comprehensive product portfolio. According to Frost & Sullivan, the company occupies a leading position in key markets around the world and continues to empower development and innovation in cutting-edge fields of technology such as automotive electronics and end-side AI.