Changes in Hong Kong stocks | Huiliang Technology (01860) rose nearly 7% in early trading, AI Infra upgrade is expected to further improve algorithm efficiency

The Zhitong Finance App learned that Huiliang Technology (01860) rose nearly 7% in early trading. As of press release, it rose 5.89% to HK$13.31, with a turnover of HK$80,040 million.

According to the news, Huiliang Technology is expected to launch the next-generation AI Infra with GPU as the core in October 2026 to further enhance complex model training and real-time inference capabilities, and support large-scale application of IAP ROAS models in medium to heavy game scenarios. In addition, Huiliang Technology has repurchased shares for two consecutive days, with a total repurchase of 530,000 shares, with a cumulative repurchase amount of HK$6.638,900.

Shen Wan Hongyuan said that at present, the company is still in a high R&D investment stage, and AI Infra construction suppresses operating leverage in the short term; however, with the gradual maturity of infrastructure, the launch of more complex models, and the improvement of intelligent bidding effects, traffic procurement and monetization efficiency is expected to further improve. The company's gross margin for a single quarter has increased from about 19% at the beginning of 2023 to about 22% in 2026Q2. The adjusted net profit margin has also improved markedly, and subsequent revenue expansion is expected to translate more into profit growth.