The Zhitong Finance App learned that Jiang Bolong (09976) rose more than 7% in early trading. As of press release, it rose 7.05% to HK$224.8, with a turnover of HK$141 million.

According to the news, Jiang Bolong's interim results showed that revenue for the first half of the year was 24.088 billion yuan, up 136.26% year on year; net profit to mother was 10.577 billion yuan, up 71528.66% year on year. The net capital raised from the H-share listing is about HK$6.020 billion. The capital raised will mainly be invested in the three major directions of AI high-end memory research and development, main control chips, and high-end packaging and testing.

Huatai Securities released a research report stating that the company is a leading domestic storage module, fully benefiting from the AI-driven upward cycle of the storage boom. Enterprise-level and leading overseas business layouts bring higher growth flexibility, and continues to make efforts to develop its own master control chips, deepen the TCM/PTM model to consolidate its competitive advantage, and maintain “buying.”

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