HK Stock Market Move | UNISOUND (09678) rises by over 5%, proposes to repurchase shares of up to 100 million Hong Kong dollars and receive increased shareholding from shareholders.

UNISOUND (09678) rose more than 5%, as of press time, up 5.42% to HK$74.85, with a turnover of HK$91.4586 million. On the news front, on the evening of July 23, UNISOUND announced that the board of directors approved the repurchase of H shares in the open market with a total value not exceeding HK$100 million within 6 months from the date of the announcement. At the same time, the company also disclosed that its controlling shareholder, executive director and CEO, Huang Wei, informed that he purchased a total of 56,000 H shares with his own funds from July 6 to July 16 in the open market, with an increase of approximately HK$3.979 million. Executive director Liu Shengping also informed that he purchased a total of approximately 15,000 H shares with his own funds from July 7 to July 16 in the open market, with an increase of approximately HK$1.126 million. Earlier, UNISOUND announced a profit forecast for the first half of the year, expecting revenue of RMB 530 million to RMB 580 million, a year-on-year increase of 31% to 43%. Looking at the business segments, in the first half of this year, the intelligent body business relying on large model capabilities is expected to achieve revenue of RMB 515 million to RMB 550 million, a year-on-year increase of 2 to 2.2 times; the newly expanded large model Token direct call business is expected to generate revenue of approximately RMB 30 million, with a gross profit margin of not less than 60%, of which the second quarter Token call revenue is approximately RMB 25 million, a quarter-on-quarter increase of about 5 times.