Hong Kong Stock Market Movement | Biran Technology (06082) surged over 12% intraday. Biran Technology has completed adaptation for multiple leading domestic AI large models.

Wall R Technologies (06082) stock surged over 12% during trading. As of the latest report, it increased by 9.22%, trading at HKD 38.86, with a turnover of HKD 405 million.

On the news front, before and around the Chinese New Year 2026, domestically produced AI large models will be released intensively. Wall R Technologies’ flagship product, the Bili 166 series, has achieved efficient compatibility with leading models such as Zhipu GLM-5, MiniMax M2.5, DeepSeek, and Qwen 3.5. With high computing power, high versatility, and a full-stack self-developed software stack, it has become the core computing power foundation supporting the hundred-model competition.

Shenwan Hongyuan previously released a research report stating that Wall R Technologies is a core enterprise in domestic AI chips, pioneering the commercialization of MoE architecture and breakthroughs in linear attention mechanisms. The BR166 chip’s computing power is twice that of the BR106. Customer concentration has decreased, and reliance on major clients continues to ease. The next-generation BR20X is expected to be launched in 2026. With support from state-owned assets, the logic for domestic substitution remains solid.

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