HK Stock Market Move | AXERA (00600) surged over 19% intraday, with its share price doubling since early August; the company's smart driving and edge AI businesses are expected to drive successive growth.

AXERA (00600) surged over 19% intraday, with its share price having doubled since early August. As of press time, it was up 15.87% at HK$22.2, with a turnover of HK$96.006 million. On the news front, AXERA announced that its self-developed automotive-grade ADAS chip M57 has reached another mass-production milestone: the M57 chip platform intelligent front-view camera (IFC) all-in-one unit, developed in partnership with industry Tier1 partner Hirain Technologies, has officially achieved mass-production delivery. Leveraging excellent computing power, power consumption performance, and comprehensive global automotive-grade compliance capabilities, the M57 chip's market competitiveness continues to strengthen, and it is growing into a preferred domestic computing power platform in the global L2 assisted driving market. In the first half of this year, the company achieved revenue of RMB 400 million, a year-on-year increase of 181.8%; of which terminal computing revenue was RMB 340 million, a year-on-year increase of 169.5%, accounting for about 85% of revenue and serving as the current core revenue source; both the smart automotive and edge AI businesses achieved rapid growth from a low base. Guosen stated that it continues to be optimistic about the company's technological accumulation in the field of visual edge-side AI inference, as well as the second and third growth curves brought by the smart driving and edge AI businesses.