On the morning of March 9, Xunce Technology (03317.HK) surged strongly, rising over 40% intraday to a high of HK$109.5, marking a record high since its listing. According to the latest trading data, as of 10:23 a.m., the stock was quoted at HK$105.9, up 39.34%, with a trading volume of approximately 2.783 million shares and turnover of around HK$268 million, reflecting significantly active market trading. Year-to-date, Xunce’s stock has climbed over 100%, making it one of the standout technology growth stocks in the Hong Kong market recently.

(Image Source: uSMART HK app)

Revenue Expected to Double, Business Scale Expands Significantly

From a fundamental perspective, the company’s 2025 annual profit forecast has attracted market attention. The announcement indicates that for the year ended December 31, 2025, Xunce expects to achieve operating revenue of approximately RMB 1.283 billion, representing a year-on-year increase of about 102.95%, effectively doubling its revenue scale.

At the same time, the company’s profitability also improved markedly. Net loss excluding non-recurring items is expected to narrow to around RMB 55 million, a significant reduction compared with previous years, showing a gradual improvement in overall operational efficiency.

Looking at the annual revenue breakdown, the company’s growth in the second half of the year was particularly notable. Data shows that revenue for the first half of 2025 was approximately RMB 198 million, while the second half reached about RMB 1.085 billion, indicating rapid expansion of business towards the latter part of the year.

Source: Xunce 2025 Annual Profit Forecast Announcement

On a half-year-on-half-year basis, second-half revenue grew approximately 448% compared with the first half, demonstrating a rapid release of business demand and strong growth momentum.

Expansion of AI Applications Drives Demand for Data Services

In recent years, artificial intelligence has been accelerating, with large-scale model training and inference gradually entering industrial applications, driving rising demand for data resources, data processing, and data service capabilities.

Within the AI industry chain, high-quality data is considered a critical foundational resource. As enterprises increase investment in AI model training, optimization, and application deployment, the demand for data annotation, management, and processing services also rises. Xunce’s rapid business expansion reflects this industry trend.

As AI applications expand into areas such as autonomous driving, intelligent customer service, and content generation, the role of data service companies within the industry chain becomes increasingly important, creating new market opportunities for related enterprises.

Inclusion in Stock Connect May Further Boost Market Liquidity

In addition to revenue growth, Xunce recently achieved significant progress in the capital market. According to the latest adjustment results, Xunce has been included in the Stock Connect program, effective from March 9.

The Stock Connect mechanism links the Mainland and Hong Kong capital markets, enabling Mainland investors to trade Hong Kong stocks through the mutual market access channels. Typically, stocks newly included in Stock Connect attract greater attention from southbound investors, with trading activity and market attention likely to increase correspondingly.

From a market perspective, southbound capital has continued to gain influence in the Hong Kong market in recent years. Many growth-oriented technology companies have received more long-term capital allocation after inclusion in Stock Connect, which may also prompt the market to reassess their growth value.

Overall, driven by the dual factors of expanding AI industry demand and improved capital market liquidity, Xunce’s stock has performed strongly in recent sessions. With the company’s business scale continuing to grow and industry demand on the rise, its subsequent development remains a focal point for market attention.

How to Buy Xunce via on uSMART

After logging into the uSMART HK app, click the “Search” button in the top-right corner of the page, enter the ticker code (03317.HK), and navigate to the details page to view transaction details and historical trends. Click the “Trade” button in the bottom-right corner, select the trade type, and submit your order after filling in the transaction conditions.

(Image Source: uSMART HK app)