Large Model Concept Stocks Watch | Xunce (3317.HK) Surges Over 15% in Morning Session as Strategic Cooperation Advances Token Implementation in Vertical Industries

NewTimeSpace (newtimespace.com) News, On July 2, 2026, Xunce (3317.HK) delivered an outstanding performance. As of 10:00, the company was quoted at HK$140.100, representing an increase of 15.02%.

In terms of news coverage, Xunce (3317.HK) recently entered into a strategic cooperation framework agreement with the Beijing International Big Data Exchange. This cooperation marks a further deepening of the company's strategic layout in the data factor market and national-level data exchange platforms, aiming to advance the implementation of data tokenization capabilities within vertical industries.

According to the agreement, the company will carry out multi-faceted strategic cooperation with the Beijing International Big Data Exchange. This includes the co-construction and implementation of vertical data tokenization, data circulation and industrial empowerment for embodied AI robots, the co-construction of a digital assetization service system, as well as digitization and vertical data ecosystem co-construction for the biopharmaceutical industry.

Huaxin Securities pointed out in its research report that enterprise-side demand for AI applications has been validated, and Token consumption continues to rise. According to the research findings, downstream enterprises in various fields such as industry/manufacturing, retail, healthcare, marketing, and sales have already integrated vertical AI applications, with daily token calls ranging from millions to hundreds of millions, validating once again the certainty of downstream AI demand. Some of the surveyed companies have already adopted a token billing model. From a practical standpoint, the consumption of a single customer under a pay-per-use model is often higher than that under the traditional annual fee model. The deployment scope of agents can penetrate from single-point scenarios into full-link scenarios, naturally driving the growth of token consumption. Enterprises also possess sufficient bargaining power to gradually increase token pricing, establishing highly sticky, sustainably growing, and long-term recurring revenue.

Hong Kong-listed Large Model Concept Stocks:

XUNCE (03317.HK)

A leading data infrastructure provider for financial asset management in China, recognized by the market as the "First Token Stock." The company continues to deepen the integration of LLMs into the core business workflows of financial asset management, reconstructing investment research, trading, and risk control pipelines through underlying data governance and AI technologies. Its underlying structured data cleaning capabilities closely align with the digital transformation of financial institutions and the compliant implementation trends of LLMs.

MININGLAMP-W (02718.HK)

As an LLM concept stock, Mininglamp Technology is recognized by the market as the "First Agentic AI Stock in Hong Kong." Its self-developed model cluster includes the DeepMiner LLM product line (underlying engine), models such as Mano/Cito, and the Cider inference acceleration framework. These are all interconnected by the Octo platform layer to serve as a human-Agent collaboration hub, ultimately delivered in the form of Agentic Services to empower the implementation of decision-making agents in industries like marketing and mass consumption. The company bypasses the "Scaling Up" route of monolithic LLMs, opting instead for a "Scaling Out" approach through the collaboration of multiple specialized small models, achieving precision that surpasses general models in vertical scenarios. Its core moats lie in granular scenario data, specialized models, and continuous learning, culminating in an open-source, privately deployable, and white-box auditable Private AI infrastructure.

KUAISHOU-W (01024.HK)

A leading multimodal content generation platform in China, the company plans to restructure Kling AI and introduce external financing. Kling AI's quarterly revenue has reached 6.5 millions of RMB, with an Annualized Run Rate (ARR) exceeding USD 500 million. Its general LLM "KwaiYii" and video generation model "Kling" are undergoing continuous iteration, demonstrating high commercial conversion efficiency in scenarios such as e-commerce live streaming and automated marketing content generation.

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