On August 26, BIREN TECH rose 3.31% in regular trading, trading at 36.62 HKD/share, with turnover of HKD 127 million. The stock continued its upward momentum ahead of a key corporate event.
On the news front, the company's board of directors is scheduled to convene on August 28 to review and approve interim results for the first half of the fiscal year. According to a previously issued profit alert, BIREN TECH expects first-half revenue of approximately RMB 1.15 billion to 1.30 billion, representing year-over-year growth of 1,852% to 2,107%. Net losses are expected to narrow by 75% to 80%, falling to between RMB 320 million and 400 million. Notably, the half-year revenue has already surpassed the company's entire previous full-year revenue, driven by expanded deployment of its Bili series products across AI application scenarios and a diversifying customer base.
The broader semiconductor sector provided additional support, with HUA HONG GRACE rising 1.72% and SMIC gaining 0.74% on the same day, reflecting partial sector strength that reinforced positive sentiment around the stock.
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