Haiqing Zhiyuan Shares Hit Record High as Frost & Sullivan White Paper Cites Full-Chain Multispectral AI
Haiqing Zhiyuan (01392. HK) rose more than 17% intraday on September 16, 2026, touching a record HK$33.34, with gains of over 60% in three sessions. A Frost & Sullivan white paper put China's 2025 multispectral AI market at about RMB20 billion. First-half 2026 revenue reached RMB410 million, up 84.5% year on year, while adjusted net profit rose 21.9% to RMB27.6 million.
On September 16, 2026, shares of Haiqing Zhiyuan (01392. HK) opened higher and advanced through the session, climbing more than 17% intraday to touch HK$33.34, a record high since listing. The stock has gained more than 60% over the past three trading days. As of publication, it was up nearly 16% at HK$31.98.
The 2026 Multispectral AI Industry Development White Paper, released on September 14, showed that China's multispectral AI market was worth about RMB20 billion in 2025. Haiqing Zhiyuan has full-chain delivery capability spanning modules, terminals and industry large models. Midstream integrators and algorithm providers are gradually building closed-loop capabilities covering data, models, products and application scenarios. Competition in the industry is shifting from single hardware products toward comprehensive scenario understanding and continuous service capability.
Haiqing Zhiyuan has disclosed its first half-year report since listing. In the first half of 2026, the company recorded total revenue of RMB410 million, up 84.5% year on year. Excluding one-off listing expenses, adjusted net profit was RMB27.6 million, up 21.9% year on year. Revenue from multispectral AI large model services was RMB320 million, up 382.5% year on year, with its share of revenue rising to 78% from 29.8%.