China Quant Group's Stock Price Rises Over 13% in Morning Trading, Gains Exceed 1.2 Times Since July

China Quant Group (01860) surged over 16% in morning trading, with a cumulative gain of over 1.2 times since July. As of the time of publication, the stock price has risen 12.66%, currently priced at HK$15.84, with a turnover of HK$7.658 billion.

China Quant Group (01860) plans to hold its board meeting on August 29 to consider and approve its interim results. According to the latest performance report from mobile application advertising platform Applovin, the company's revenue for the second quarter reached USD 12.59 billion, a year-on-year growth of 77%, exceeding market expectations; net profit was USD 8.2 billion, a year-on-year surge of 164%; and adjusted EBITDA was USD 10.18 billion, a year-on-year growth of 99%. The company's adjusted earnings per share were USD 2.39, exceeding market expectations of USD 2.32. China Securities pointed out that AI has become the core engine for industry innovation, with the "algorithm-model-application-data" wheel already forming a positive cycle. Looking ahead to the second half of 2025, generative AI technology is expected to deepen its penetration and improve the supply competition landscape in the semiconductor and component industries.