HK Stock Market Move | BIREN TECH (06082) rose more than 9% in the afternoon, benefiting from the technology giant AI's capital expenditure. Institutions predict that the company will record a profit next year.

BIREN TECH (06082) rose more than 9% in the afternoon, rising 7.76% as of press time to HKD 33.9, with a trading volume of 187 million Hong Kong dollars. On the news front, the Shanghai Artificial Intelligence Lab officially announced the launch of the DeepLink multi-core acceleration solution, which is based on the previous DeepLink mixed training technology scheme and the stable mixed training model with billions of parameters across thousands of kilometers of smart calculation centers. This solution achieves mixed scheduling and collaborative reasoning for a variety of domestic GPU chips such as Huawei Ascend, Muxi, Ali Pingtou Brother, and Biren. Research firm Lyon released a research report stating that BIREN TECH is a leading provider of general-purpose intelligent computing solutions in China. The company can benefit from the steady growth of AI capital spending in China's mega-enterprises and the continued favorable policies driving demand for domestic AI chips. The firm expects BIREN TECH's revenue compound annual growth rate to reach 151% during the fiscal years 2025 to 2027, and anticipates that the company will be profitable in 2027, with an expected net profit of 1.3 billion yuan.