Core Viewpoint - Dipu Technology (01384) has seen a significant increase in stock price, rising over 60% since 2026, with a current price of 108.7 HKD and a trading volume of 98.61 million HKD [1] Group 1: Stock Performance - As of the latest report, Dipu Technology's stock rose by 5.95% [1] - The company has experienced a cumulative increase of over 60% since 2026 [1] Group 2: Index Inclusion - On February 13, the Hang Seng Index Company announced that Dipu Technology will be included in the Hang Seng Composite Index as of December 31, 2025 [1] - The changes will take effect after the market closes on March 6, 2026, and will be implemented on March 9, 2026 [1] - This inclusion may lead to adjustments in the Hong Kong Stock Connect investment scope [1] Group 3: Strategic Partnership - Dipu Technology has entered into a strategic cooperation agreement with Muxi Co., aiming to leverage each other's strengths in the enterprise-level AI application sector [1] - The partnership will focus on key industries such as manufacturing, commercial circulation, transportation, and healthcare [1] - A joint technical team will be established to create a comprehensive domestic AI end-to-end solution, ranging from hardware computing platforms to AI enterprise operating systems and Agentic AI applications [1]

Core Viewpoint - The Hong Kong stock market has seen a significant surge in AI application stocks, with notable increases in share prices and market capitalizations for several companies [1]. Group 1: Company Performance - Zhizhu (智谱) experienced a remarkable increase of 42.72%, reaching a peak price of 725 HKD, with a total market capitalization surpassing 320 billion HKD [2]. - MINIMAX-WP saw a rise of 14.52%, with its market value also exceeding 300 billion HKD [2]. - Haizhi Technology Group (海致科技集团) surged over 28%, achieving a new high since its listing [1]. Group 2: Year-to-Date Performance - Zhizhu's year-to-date increase stands at 523.92% [2]. - Haizhi Technology Group has recorded a year-to-date rise of 469.48% [2]. - MINIMAX-WP's year-to-date performance shows an increase of 487.88% [2].

Core Viewpoint - Dipu Technology (01384.HK) has seen a significant stock price increase, driven by its inclusion in the Hang Seng Composite Index and positive developments in the AI industry [1][2][12] Group 1: Stock Performance - As of February 20, 2026, Dipu Technology's stock price reached 102.00 HKD, with a daily increase of 2.77% and a five-day cumulative increase of 18.95%, marking a year-to-date increase of 54.31% [1] - The company's market capitalization has risen to 33.316 billion HKD, with the stock price breaking through all key moving averages, indicating strong technical performance [1] Group 2: Reasons for Stock Movement - The announcement of Dipu Technology's inclusion in the Hang Seng Composite Index, effective March 9, 2026, is expected to attract additional capital as it may become part of the Hong Kong Stock Connect program [2] - The AI industry is experiencing a resurgence due to government policies promoting AI applications in various sectors, alongside technological advancements from major players like ByteDance and Meta, which are boosting enterprise-level AI demand [3] Group 3: Company Position and Business Development - Dipu Technology is recognized as the "first stock of enterprise-level large model AI applications" and was included in the "Hurun China AI Companies Top 50" in 2025, highlighting its industry status [4] - The company reported a significant revenue increase of 118.4% year-on-year in the first half of 2025, with its FastAGI business accounting for 55.3% of total revenue, becoming a core growth driver [5] - A strategic partnership was established with Muxi Co., Ltd. in December 2025 to jointly develop a full-stack domestic AI solution, enhancing industry chain collaboration [6] Group 4: Future Outlook - Positive factors include potential liquidity support from southbound capital inflows if the company successfully enters the Hong Kong Stock Connect [7] - The AI and semiconductor sectors are experiencing sustained demand growth, supported by clear government policies, while the company holds over 100 core patents, solidifying its competitive moat [8]

Core Viewpoint - Didi Technology (01384.HK) has met the preliminary conditions for inclusion in the Hong Kong Stock Connect, based on the latest adjustments from the Hang Seng Index Company [1] Recent Events - On February 13, 2026, the Hang Seng Index Company announced the quarterly review results for the Hang Seng Index series as of December 31, 2025, confirming Didi Technology's inclusion in the Hang Seng Composite Index. This change will take effect after market close on March 6, 2026, and will be officially implemented starting March 9, 2026 [2] Company Fundamentals - According to a report by CICC, Didi Technology meets several hard requirements for being a Stock Connect eligible stock, including: - Listing Time: The company was listed on the main board of the Hong Kong Stock Exchange on October 28, 2025, and has been listed for over six months - Market Capitalization and Liquidity: As of the end of December 2025, its market capitalization and recent average daily trading volume meet the inclusion standards for the Hang Seng Composite Index, which typically requires an average market capitalization of no less than HKD 5 billion and a certain threshold for average daily trading volume over the past 12 months [3] Event Impact - If included in the Stock Connect, mainland investors will be able to trade Didi Technology shares directly through the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect mechanisms, potentially enhancing the stock's liquidity and market attention. It is important to note that the final list will need to be officially confirmed by the Shanghai and Shenzhen stock exchanges around March 9 [4]

Group 1 - The Hang Seng Index Company announced the quarterly review results for the Hang Seng Index series as of December 31, 2025, with Dipu Technology (01384) being included in the Hang Seng Composite Index [1] - The changes will be implemented after the market closes on March 6, 2026, and will take effect on March 9, 2026, leading to adjustments in the eligible stocks for the Hong Kong Stock Connect [1] - According to a report by CICC, Dipu Technology is likely to be included in the Hong Kong Stock Connect due to meeting various criteria, including market capitalization, liquidity, and listing time [1] Group 2 - Dipu Technology announced a strategic cooperation agreement with Muxi Integrated Circuit (Shanghai) Co., Ltd. on December 17, 2025, aimed at leveraging each other's strengths and resources in the enterprise-level large model AI application field [1] - The strategic cooperation will focus on key industry digitalization needs in manufacturing, commercial circulation, transportation, and healthcare, establishing a joint technology team to create a full-stack domestic AI end-to-end solution from hardware computing power platforms to AI-level enterprise operating systems and Agentic AI applications [1]

Group 1 - The Hang Seng Index Company announced the quarterly review results for the Hang Seng Index series as of December 31, 2025, with Dipu Technology (01384) being included in the Hang Seng Composite Index [1] - The changes will be implemented after the market closes on March 6, 2026, and will take effect on March 9, 2026, leading to adjustments in the investable scope of Hong Kong Stock Connect [1] - According to a report by CICC, Dipu Technology is likely to be included in the Hong Kong Stock Connect due to meeting various criteria, including market capitalization, liquidity, and listing time [1] Group 2 - On December 17, 2025, Dipu Technology entered into a strategic cooperation agreement with Muxi Integrated Circuit (Shanghai) Co., Ltd., aiming to leverage each other's strengths and resources in the enterprise-level large model AI application field [1] - The strategic cooperation will focus on key industry digitalization needs in manufacturing, commercial circulation, transportation, and healthcare, establishing a joint technical team to create a comprehensive domestic AI end-to-end solution from hardware computing power platforms to AI-level enterprise operating systems and Agentic AI applications [1]

Group 1 - Dipo Technology (1384.HK), known as the "first stock of enterprise-level large model AI applications," saw its stock price surge by 9.89% to HKD 92.25, reaching a market capitalization of over HKD 30 billion, marking a new high since November 10 of the previous year [1] - Since its IPO on October 28, the stock has increased by 246% from its initial price of HKD 26.66 over approximately three and a half months [1] - The AI large model sector is experiencing significant interest, with multiple companies like Deepseek, Zhiyu, and MiniMax announcing new updates and releases, including the launch of the new generation base model GLM-5 by Zhiyu [1] Group 2 - The Hang Seng Index Company is set to announce the results of its review for the Hang Seng Index series for the fourth quarter of 2025 on February 13, with changes to the constituent stocks effective from March 9 [1] - A total of 43 new economy and technology companies, including Dipo Technology, meet the criteria for inclusion in the Hong Kong Stock Connect [1]

Group 1 - The core viewpoint of the article highlights the significant rise in the stock price of Dipu Technology (1384.HK), which is referred to as the "first stock of enterprise-level large model AI applications" in Hong Kong, with a peak increase of 9.89% to 92.25 HKD, marking a new high since November 10 of the previous year [1] - Dipu Technology's market capitalization has surpassed 30 billion HKD, reflecting a substantial increase of 246% from its IPO price of 26.66 HKD over approximately three and a half months [1] - The article notes a surge in interest and investment in AI large model concept stocks, with several companies including Deepseek, Zhiyu, and MiniMax announcing new developments and updates to their models [1] Group 2 - The Hang Seng Index Company is set to announce the results of its review for the Hang Seng Index series for the fourth quarter of 2025 on February 13, with changes to the constituent stocks effective from March 9 [1] - Recent data indicates that multiple new economy and technology stocks, including Dipu Technology, meet the criteria for inclusion in the Hong Kong Stock Connect, with a total of 43 companies qualifying [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 致：香港交易及結算所有限公司 公司名稱: 滴普科技股份有限公司 (於中華人民共和國註冊成立的股份有限公司) 呈交日期: 2026年2月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01384 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 326,632,000 | RMB | | 1 RMB | | 326,632,000 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 326,632,000 | RMB | | 1 RMB | | 326,632,000 | 本月底法定/註冊股本總額： RMB 326,632,000 截至月份: 2 ...

Core Insights - The HuRun Research Institute released the "2025 HuRun China AI Enterprises Top 50" list, highlighting companies with mature commercialization capabilities in AI, with Dipu Technology recognized as a benchmark in enterprise-level AI applications [1] - The selection criteria for the list were stringent, with only 31 companies meeting the criteria of having AI as their main business and a valuation exceeding 9.5 billion [1] Company Overview - Dipu Technology is an enterprise-level AI application solution provider, focusing on a three-pronged technical architecture of "data engineering, model engineering, and application engineering" [2] - The company has served 283 medium to large enterprises, achieving scalable AI value realization across key industries such as manufacturing, retail, healthcare, and transportation [2] Industry Context - The national policy "Opinions on Deepening the Implementation of 'Artificial Intelligence +'" positions AI as a key element for deep integration with the real economy, marking a transition from conceptual capital pursuit to a critical phase supporting high-quality economic development [3] - Enterprise-level AI applications are seen as essential for realizing the value of the industry, with strong adaptability to scenarios and clear commercialization paths [3] Future Outlook - Dipu Technology is expected to enhance its core technology research and industry scenario adaptation, potentially upgrading AI from a "support tool" to a "core productivity" driver, thereby solidifying its leading position in the AI industrial wave [4]