Changes in Hong Kong stocks | Galaxis Technology (02729) rose nearly 24% in early trading and gradually upgraded intelligent in-market logistics, the company accelerated expansion of overseas markets

The Zhitong Finance App learned that Galaxis Technology (02729) rose nearly 24% in early trading. As of press release, it rose 17.07% to HK$30.18, with a turnover of HK$346.292 million.

According to the news, Galaxis's mid-term results showed that the company's robotics business grew rapidly in the first half of the year, and order reserves were sufficient. As of the first half of the year, the total amount of robots and systems to be delivered by the company is about 2.2 billion yuan. The company expects to implement them within the next 3 years. Of these, 56 are overseas projects, and the total amount to be delivered is 710 million yuan. In terms of major customers, in the first half of the year, the company passed multiple rounds of assessments by world-renowned household goods retailers in Sweden and officially entered its global shuttle supplier list.

Guolian Minsheng Securities released a research report saying that AI and physical intelligence are expected to drive the upgrading of in-market logistics robots from “handling” to “operation.” The company already has AMR mobile chassis, navigation control, robot scheduling and logistics scenario implementation capabilities. In the future, it can be extended to wheel-mounted intelligent robots to further cover handling, batching, loading and unloading, unstacking, and flexible picking. Therefore, we believe that as AI's large model capabilities continue to evolve and embody intelligence to accelerate industrialization, the company is expected to further expand product boundaries and application scenarios and open up room for long-term growth.