Hong Kong Stock Movement | Vobile Group Surges Another 9% on AI Platform Commercialization

Stock News
1 hour ago

Shares of Vobile Group (HK: 03738) extended their rally, climbing over 9% during Wednesday's trading session, bringing the cumulative gain across the past six sessions to more than 40%. The stock was last up 7.18% at HK$3.28, with turnover reaching HK$128 million.

According to the company's interim results released earlier, Vobile Group posted revenue of HK$1.805 billion for the first half of the year, representing a 24% year-on-year increase. Net profit surged 92.7% to HK$195 million, while adjusted net profit grew 60.3% to HK$194 million. The net profit margin improved significantly to 10.8%, up nearly 4 percentage points from 7% in the same period last year, with profit growth notably outpacing revenue expansion.

A key highlight from the reporting period was the initial contribution of AI-related revenue generated through the DreamMaker and MAX platforms. This income primarily stems from platform computing power services charged to creators using multimodal models, as well as monetization derived from asset rights confirmation and management through Vobile Group's infrastructure. This marks a transition for the group's AI creation platforms, moving from product development and user validation into the early commercialization phase. Management noted that while the revenue contribution is still at a nascent stage, the company will continue to enhance its creator ecosystem, model supply, and commercialization capabilities to drive future growth.

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