HK Stock Market Move | XTALPI (02228) continues to rise by over 4%, with revenue exceeding the threshold of commercial enterprises revenue for the 24th year. Recently, it signed a cooperation agreement with the Ministry of Industry and Information Technology.

XTALPI (02228) rose more than 4% again, up 3.95% as of the time of writing, reaching HK$5, with a turnover of HK$217 million. On the news front, XTALPI-P previously announced that it has been approved by the Hong Kong Stock Exchange to no longer be considered as a pre-commercialization company, but rather as a commercialized company. After approval, the English and Chinese stock abbreviations of XTALPI will no longer have the "P" mark printed on them, starting from 9:00 a.m. on April 9, 2025. It is reported that the company's operating income for the year 2024 was 266 million yuan, exceeding the revenue threshold of 250 million Hong Kong dollars for "commercialized companies" in Chapter 18 of the listing rules. In addition, XTALPI announced last month that its wholly-owned subsidiary, Shenzhen Crystal Technology, has signed a strategic cooperation agreement with the Ministry of Industry and Information Technology's Center for the Promotion of Small and Medium Enterprises. It is reported that the two parties will cooperate to implement the "artificial intelligence +" initiative, driving continuous innovation with cutting-edge technology and integrating common technologies to meet industrial demand, promoting the deep integration of artificial intelligence and Siasun Robot& Automation technology with traditional industries. Crystal Technology will develop artificial intelligence models for specific industries to help small and medium-sized enterprises in fields such as biomedicine and new chemical materials improve their digitalization levels. The cooperation will also focus on sectors such as cosmetics, consumer goods, biomedicine, and drive the intelligent transformation and upgrading of industries.