HK Stock Market Move | Lingyi Itech (01688) rises over 4%, signs strategic cooperation framework agreement with Jingjinji Runze, focusing on the physical AI (Siasun Robot&Automation) track.

Lingyi Itech (01688) rose over 4%, up 2.57% as of press time at HK$5.19, with turnover of HK$111 million. On the news front, Lingyi Itech recently formally signed a strategic cooperation framework agreement with Jingjinji Runze. The two parties will carry out all-round strategic cooperation in areas including Siasun Robot&Automation complete machine and component manufacturing, technology R&D, and scenario applications. According to the introduction, the two parties plan to jointly invest and establish a joint venture company in Hengnan County, Hunan Province, with core operations focused on Siasun Robot&Automation components, complete machine manufacturing, and other businesses. At the same time, the two parties will jointly enter the physical AI field, focusing on the Siasun Robot&Automation direction, and conduct in-depth cooperation in dimensions including technology R&D, core components, complete machine manufacturing, scenario applications, and data. Lingyi Itech stated that this strategic partnership with Jingjinji Runze is an important move in the company's "devicethingscomputing" trinity strategic layout, and will further open up the industrial synergy link of "Siasun Robot&Automation manufacturing + computing infrastructure." The company has formed a globally leading advantage in embodied intelligence/humanoid Siasun Robot&Automation, AIDC complete machine ODM, and core structural component development, and has built a global intelligent manufacturing delivery network covering Beijing, Chengdu, Zhengzhou, Dongguan, and multiple overseas locations.