On September 18, BIREN TECH rose 3.43% in regular trading, trading at HK$34.96/share, with turnover of HK$49.73 million. The stock opened sharply higher alongside a broad rally in AI-related names.

On the news front, multiple investment banks issued positive coverage in recent sessions. Guojin Securities initiated coverage with a Buy rating, noting the company is transitioning from product validation to scaled commercialization with its full-stack chip-system-ecosystem capability. Daiwa reiterated its Buy rating with a positive outlook on earnings prospects. Goldman Sachs maintained its Buy rating with a target price of HK$80.5, projecting a 69% CAGR for China's AI chip market through 2030.

Fundamentally, the company reported H1 revenue of RMB 1.236 billion, surging approximately 1,998% year over year and exceeding full-year revenue. Gross margin improved to 42.7%, up 10.8 percentage points. Adjusted net loss narrowed 38.9% to RMB 337 million. Inventory reached RMB 1.215 billion and prepayments surged to RMB 1.534 billion, signaling secured supply chain capacity for next-generation product ramp. Reports also indicated the company is considering a potential US$1 billion share placement for AI business expansion.

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