MANYCORE TECH's First-Half AI Revenue Surges 177%, Poised for Stock Connect Inclusion

Stock News
Aug 27

On August 27, MANYCORE TECH (00068), recognized as the world's leading spatial intelligence company, announced a remarkable 211% surge in its adjusted net profit for the first half of the year, reaching RMB 55.42 million and nearly matching its full-year performance from the previous year.

The company's spatial intelligence strategy is accelerating, built on a full-stack "computing power-model-application" architecture. Revenue from new AI applications and products saw a substantial year-on-year increase of over 177%.

Adding to its momentum, MANYCORE TECH recently unveiled its latest 3D generation model, Lux3D, and has initiated internal testing for its world model product.

On the capital markets front, MANYCORE TECH is expected to be added to the Stock Connect program in early September. This inclusion will enable eligible mainland Chinese investors to trade its shares directly, potentially broadening its investor base and enhancing stock liquidity and market visibility.

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