The Zhitong Finance App learned that Xiangong Intelligence (06106) rose nearly 12% in early trading. As of press release, it rose 9.42% to HK$74.95, with a turnover of HK$25.1953 million.

According to the news, on September 7, the Shenzhen Stock Exchange issued an adjustment notice for the Hong Kong Stock Exchange. Xiangong Smart was officially transferred to the Hong Kong Stock Connect with effect from now on; the Shanghai Stock Exchange first issued an adjustment notice on September 4. After being included in the Hong Kong Stock Connect, mainland investors can directly trade through A-share accounts, which is expected to significantly improve liquidity and valuation repair space.

Dongwu Securities International released a research report stating that it covered Xiangong Intelligence for the first time and gave it a “buy” rating, with a target price of HK$100.55 for 12 months. The bank believes that Xiangong Intelligence has completed large-scale commercial verification of third-party robot brains across configurations and scenarios, and that about 50,000 actual operating units have further formed a data portal for scarce real machines. The company is evolving from a robotic brain platform to a physical intelligence platform driven by real-world data.

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