Hong Kong AI Concept Stock Daily：H1 Revenue Surges Nearly 2,000%; BIREN TECH (06082.HK) Jumps Nearly 20%-20260831

NewTimeSpace · 2026/08/31 17:49 · By Jiayi Sun

On August 31, 2026, Hong Kong's three major indices closed mixed, with the Hang Seng Index down 0.07%, the Hang Seng TECH Index up 0.32%, and the Hang Seng China Enterprises Index rose 0.27%. Total market turnover for the day was HKD 314.8 billion, with net southbound inflows of HKD 2.139 billion. AI concept stocks diverged on the day, with most large-model names rising and most smart-driving names weakening.

I. Market Overview

In the large-model segment, MINIMAX-W (00100.HK) closed up 16.18%, and Z.AI (02513.HK) rose 9.63%. BIDU-SW, MEITUAN-W, ALIBABA-W, and KUAISHOU-W followed the gains. TENCENT (00700.HK) closed down 0.48%.

In the AI chip segment, performance was mixed. BIREN TECH (06082.HK), whose interim-report revenue surged, jumped 18.81%, with HUA HONG GRACE, SMIC, and GIGADEVICE following the gains. MONTAGE TECHNOLOGY (06809.HK) fell 5.61%, with ILUVATAR COREX following the decline.

In the smart-driving segment, all names weakened, with BLACK SESAME (02533.HK) down 7.29%, PONY-W (02026.HK) down 5.17%, and ROBOSENSE, WERIDE-W, and HORIZONROBOT-W following the decline.

In the embodied-AI segment: UBTECH ROBOTICS (09880.HK) rose 1.56%, while XIAOMI-W (01810.HK) fell 0.72%.

II. Market Performance of Representative AI Stocks

Stock Code	Company Name	Closing Price (HKD)	Change(%)	Sector / Concept
06082.HK	BIRENTECH	46.620	18.81	AI Chips
00100.HK	MINIMAX-W	349.000	16.18	LLM
02513.HK	Z.AI	1,195.000	9.63	LLM
01347.HK	HUA HONG GRACE	123.000	1.99	AI Chips
03690.HK	MEITUAN-W	78.900	1.81	LLM
09880.HK	UBTECH ROBOTICS	84.800	1.56	Embodied AI
00981.HK	SMIC	70.750	0.86	AI Chips
09888.HK	BIDU-SW	96.200	0.47	LLM
01024.HK	KUAISHOU-W	33.580	0.36	LLM
09988.HK	BABA-SW	114.200	0.26	LLM
03986.HK	GIGADEVICE	486.200	0.04	AI Chips
00700.HK	TENCENT	453.000	-0.48	LLM
09660.HK	HORIZONROBOT-W	4.720	-0.53	Autonomous Driving
01810.HK	XIAOMI-W	27.620	-0.72	Embodied AI
09903.HK	ILUVATAR COREX	388.200	-2.17	AI Chips
00800.HK	WERIDE-W	15.370	-2.72	Autonomous Driving
02498.HK	ROBOSENSE	18.060	-4.09	Autonomous Driving
02026.HK	PONY-W	55.900	-5.17	Autonomous Driving
06809.HK	MONTAGETECH	269.000	-5.61	AI Chips
02533.HK	BLACK SESAME	9.920	-7.29	Autonomous Driving

Data Source: HKEX. For reference only, not investment advice. Data as of market close on August 31, 2026.

III. AI Industry & Corporate Developments

1. CXMT's LPDDR6 memory officially enters mass production

On August 29, CXMT announced that its LPDDR6 memory has officially entered mass production. Lei Jun, founder, chairman, and CEO of Xiaomi, posted a message congratulating CXMT on achieving LPDDR6 mass production, stating that the Xuanjie O3 is the first to support CXMT's LPDDR6, and that the Xiaomi 18 Fold will be the first device to feature it.

2. a16z's Machine Age Fund raises USD 1.1 billion to invest in chips, robotics, and other hardware areas

On August 28, prominent Silicon Valley venture capital firm Andreessen Horowitz (a16z) announced that hardware has been formally established as a core direction for the firm, and raised USD 1.1 billion for its Machine Age Fund. The fund will invest in all the computing infrastructure that AI runs on, including chips, memory, networking, and storage, as well as the complete systems that run AI: from data centers to robots, and on to home AI devices. The firm noted that it has recently invested in a number of hardware companies, including Unconventional AI, Nexthop, Volta, Atoms, and Mind Robotics.

3. Tencent releases and open-sources new-generation large language model Hy4 preview

On August 28, Tencent released and open-sourced its new-generation large language model, Hy4 preview. The model has 770 billion total parameters, activates 49 billion parameters per inference, and achieves a context length of 1 million tokens. According to test results published by Tencent, Hy4 preview's performance on tasks such as programming, agent, office, and scientific research is already close to that of leading domestic open-source models.

4. BIREN TECH (06082): H1 operating revenue of RMB 1.236 billion, up nearly 2,000%

On August 28, BIREN TECH released its 2026 interim results announcement. In the first half of 2026, the company achieved operating revenue of RMB 1.236 billion, up 1,997.6% YoY; gross margin rose to 42.7%, up 1,080 basis points (bps) YoY; R&D expenses in the first half were RMB 804 million, up 40.7% YoY; the loss for the period narrowed sharply to RMB 377 million, down 76.4% YoY; and the adjusted loss for the period (a non-IFRS measure) was RMB 337 million, with the loss reduced by 38.9% YoY.

IV. Profiles of Representative AI Concept Stocks

Company Name	Stock Code	Industry Position	Main Product Lines & Business Overview
MINIMAX-W	00100.HK	A top-tier player dedicated to omni-modal Artificial General Intelligence (AGI)	The company continuously iterates its video generation model matrix and has partnered with mainstream domestic and overseas chip manufacturers and inference platforms to complete underlying adaptations. The total monthly active users (MAU) of its B2C and B2B LLM applications, along with multimodal API call volumes, maintain rapid growth, further broadening its computing power ecological layout.
XIAOMI-W	01810.HK	Full-stack AI technology giant anchored by the "Human x Car x Home" ecosystem	Its foundational model family MiMo has entered the top tier of global open-source models; MiMo-V2-Pro features over 1 trillion parameters, while MiMo-V2.5-Pro tied for 1st globally among open-source models with a score of 54 on the Artificial Analysis composite index. AI capabilities fully power the "Human x Car x Home" ecosystem, driving iterative upgrades in the CyberOne humanoid and CyberDog bionic quadrupeds. Multimodal computer vision, force-control algorithms, and automated dispatch logics are deeply integrated into dark-factory production and flexible manufacturing.
BIRENTECH	06082.HK	China's pure-play leader in high-end general-purpose GPU (GPGPU)	Founded in 2019 and listed on the HKEX in January 2026 as the “first GPU stock in Hong Kong”, the company focuses on GPGPU chip R&D and sales, competing head‑to‑head with NVIDIA in data‑center grade AI training and inference GPUs. It has launched the BR106 and BR110 core chips and the BR166 chip co‑packaged via Chiplet technology, offering a complete solution encompassing GPGPU hardware and the BIRENSUPA software platform. Its products have been deployed across multiple domestic AI computing clusters, with the next‑generation BR20X chip planned for 2026.
HORIZONROBOT-W	09660.HK	China's leading intelligent driving computing solution provider and full‑stack vehicle intelligence enabler	Founded in 2015, it offers ADAS and high‑level autonomous driving solutions. Core products include the Journey-series in-car AI chips (cumulative shipments exceeding 10 million units), the HSD full‑scenario urban driving solution, and the "Starry 6P" cockpit‑driving integrated vehicle intelligence chip. In 2025, it held a 47.7% market share in domestic ADAS for independent brands, with full‑year revenue of RMB 3.758 billion, up 57.7% YoY.
Z.AI	02513.HK	A leading player in China's independent LLM sector	Knowledge Atlas Technology Joint Stock Company Limited (02513.HK; commercially known as Zhipu AI) is a leading player in China's independent large language model (LLM) sector (recognized for its capabilities and market position by Frost & Sullivan). The company has released its next-generation flagship model, GLM-5.2, achieving open-source State-of-the-Art (SOTA) performance in coding and agentic capabilities. It has also open-sourced the multimodal image generation model GLM-Image in collaboration with Huawei. Focusing on novel model architecture design, generalized reinforcement learning paradigms, and autonomous model evolution, its business layout closely aligns with the trend of enterprise-level AI productivity transformation.

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