"Token First Stock XUNCE (03317) receives institutional support! Maintains a buy rating, with the target price significantly raised from HKD 86 to HKD 245!

With the rise of AI agents and tokens, leading Chinese AI real-time data infrastructure and analytics service provider XUNCE is facing a historic opportunity. Guotai Junan recently released a research report, maintaining a "buy" rating for XUNCE (03317) and significantly raising the target price from 86.0 Hong Kong dollars to 245.0 Hong Kong dollars, an increase of about 185%. The bank expects the company's revenue to reach 2.052/2.960/3.461 billion yuan in 2026-2028, giving the company a 24 times PS ratio for 2027. The bank is optimistic about the company for several reasons: 1) Strong growth in the AI agent and token economy era; 2) Stable growth in the asset management industry and improvement in profit margins; 3) The deployment of more complex AI models is expected to further increase ARPU. ARPU significantly increased. The company's ARPU value increased significantly from 272,000 yuan in 2024 to 559,000 yuan in 2025, a year-on-year increase of 105%. The research report attributes this significant growth to the company's deep cultivation of asset management clients and continuous deployment of advanced AI models in emerging fields such as electric power, Siasun Robot & Automation training platform, and commercial aviation, driving overall revenue growth. Token economy and AI agent data infrastructure provider. With the emergence of new AI operating system technologies such as Open Claw, XUNCE is in a favorable position to seize growth opportunities due to its professional capabilities in data infrastructure. The company continues to advance forward-looking strategies, build real-time data infrastructure capabilities, and explore "Token payment models." The research report believes that as the commercial capabilities continue to strengthen, this model is likely to drive growth in new customer numbers and further increase average customer revenue.