HK Stock Market Move | BAIRONG AI-W (06608) Rises Nearly 5% in Morning Session; Company Participates in Establishing RMB 500 Million Industrial Fund; AICC Business Growth Engine Has Passed Production Validation

BAIRONG AI-W (06608) rose nearly 5% in the morning session, up 4.26% as of press time to HK$5.75, with turnover of HK$3.2073 million. On the news front, recently, on October 15, BAIRONG AI-W disclosed a discloseable transaction announcement that the company, through its consolidated affiliated entity Beijing Shuke Youxiang, entered into a partnership agreement with CICC Capital and two limited partners to jointly initiate the establishment of an industrial fund with an initial scale of RMB 500 million. The strategic coordinates of this investment were clearly stated in the announcement: centered on AI, anchored on AICC, and leveraging the manager's professional capabilities and partner network to expand opportunities to reach AI startup enterprises and seek potential business synergies and long-term returns. It is worth noting that the fund investment direction disclosed in BAIRONG AI-W's announcement targets leading and high-quality growth-stage enterprises in industries related to the digital economy and new quality productive forces, covering AI, underlying computing power, advanced manufacturing and smart hardware. This fully aligns with the company's strategic positioning of "centered on AI, anchored on the AICC business." In the first half of the year, BAIRONG AI-W's AICC business revenue was RMB 166 million, up 51.7% year on year. At the same time, R&D investment is also tilting in tandem, with first-half R&D expenses up 30.7% year on year to RMB 394 million, with resources clearly tilting toward the pan-industry AI transformation. With revenue expansion and increased investment proceeding in parallel, the new growth curve is entering a stage of sustained expansion.