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Changes in Hong Kong stocks | Mifushi (02556) rose nearly 5% in early trading and plans to spend 250 million yuan to build an AI R&D center to achieve annual sales revenue of about 5 billion yuan after delivery
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The Zhitong Finance App learned that Maifushi (02556) rose nearly 5% in early trading. As of press release, it rose 3.50% to HK$54.65, with a turnover of HK$10.4582 million.

According to news, on September 30, plot 83-02E in the Beihongqiao area of Jiangqiao Town, Jiading District, was contested by Maifushi. According to the publicly disclosed construction plan, Maifushi will build an artificial intelligence R&D center here. The total investment of the project is about 250 million yuan, and the overall construction period is about 3 years. It is expected to be officially completed and put into operation in September 2029. According to the expected indicators disclosed in documents relating to industry entry, after delivery, the annual sales revenue scale of the project is about 5 billion yuan, and the annual tax revenue for production is about 82.8 million yuan.

Guojin Securities recently released a research report stating that Maifushi continues to raise funds to increase computing power infrastructure. Token voucher subsidies in some cities are expected to further shorten the payback period. Token-related revenue continues to increase as a share of AI application revenue. In the second half of the year, AI R&D agents began to be sold abroad and overseas business expansion are expected to contribute to the increase.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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