Changes in Hong Kong stocks | Yun Zhisheng (09678) surged more than 21%, commercialization of the big model accelerated across the board, and the Token business surged 760% year-on-year in the first half of the year

The Zhitong Finance App learned that Yun Zhisheng (09678) rose by more than 21%. As of press release, it had risen 18.98% to HK$93.1, with a turnover of HK$429 million.

According to the news, Yunzhisheng's recent 2026 interim results show that it achieved revenue of 562 million yuan in the first half of the year, up 38.7% year on year; of these, smart business revenue was 478 million yuan, up 35.7% year on year, and the basic market maintained steady growth; the big model token business accelerated during the period, revenue was close to 30 million yuan, up 760% year on year. Among them, revenue in the second quarter exceeded 25 million yuan, an increase of more than 500% month on month, becoming the company's new growth engine.

In the first half of this year, the company's repurchase revenue accounted for more than 60%. Customer unit prices increased markedly, and repeat purchases and additional purchases from old customers further supported revenue growth. Up to now, the contract amount in 2026 has increased 65% year on year, and on-hand orders have reached a volume of more than 1.5 billion yuan. Cash reserves are close to 1 billion yuan, and the profit path is becoming increasingly clear.