消息面上，今年7月，云知声与南太平洋数字科技控股正式签署了关于人工智能技术应用合作的谅解备 忘录，并将建立长期合作，将通用人工智能技术应用于面向稳定币的发行管理等智慧金融领域的技术支 持，共同推动数字资产等相关数字金融技术的创新与应用。在此前，云知声与瓦努阿图共和国政府签署 了《关于人工智能海外实施合作和访问邀请的谅解备忘录》，意在共同推进通用人工智能技术在南太平 洋地区关键科技和民生服务领域的创新应用，而本次合作正是响应该谅解备忘录的首个正式项目。 智通财经APP获悉，云知声(09678)涨超15%，高见749.5港元刷新上市新高。截至发稿，涨15.27%，报 747.5港元，成交额6415.53万港元。 值得一提的是，恒指公司将于8月22日发布上半年检讨结果，相关变动将于9月5日收市后实施并于9月8 日起生效，届时沪深交易所会相应调整港股通可投资标的范围。据华泰证券预测，云知声有望于9月被 纳入港股通范围。 ...

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 截至月份: 2025年7月31日 狀態: 重新提交 致：香港交易及結算所有限公司 公司名稱: 雲知聲智能科技股份有限公司 (於中華人民共和國註冊成立的股份有限公司) 呈交日期: 2025年8月6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) | 09678 | 說明 | H股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 41,387,743 | RMB | | 1 | RMB | | 41,387,743 | | 增加 / 減少 (-) | | | 234,140 | | | | RMB | | 234,140 | | 本月底結存 | | | 41,621,883 | RMB | | 1 | ...

截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 雲知聲智能科技股份有限公司 (於中華人民共和國註冊成立的股份有限公司) 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 | 3. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | 於香港聯交所上市 (註1) | 否 | | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 非上市外資股 | | | 第 1 頁 共 11 頁 v 1.1.1 FF301 FF301 | | 法定/註冊股份數目 | 面值 | | 法定/註冊股本 | | | --- | --- | --- | --- | --- | --- | | 上月底結存 | 4,570,649 | RMB | 1 RMB | | 4,570,649 | | 增加 / 減少 (-) | | 0 | RMB | | 0 | | 本月底結存 | 4,570,649 | RMB | 1 RMB | | 4,570,649 | 呈交日期: 2025年8月6日 ...

Core Viewpoint - Cloud Wisdom (09678.HK), known as the "first AGI stock in Hong Kong," has shown remarkable stock performance since its listing on June 30, 2024, with a significant price increase of 23.49% on July 14, closing at 510 HKD, making it the second highest-priced stock in Hong Kong [1] Group 1: Stock Performance - The stock price of Cloud Wisdom surged from its initial offering price of 205 HKD, doubling within just six trading days [1] - On July 14, the stock reached a new high of 520 HKD during intraday trading, representing a 1.48 times increase from the issue price [1] - All top three high-priced stocks in the Hong Kong market since June 2024 are newly listed, with Cloud Wisdom's performance being particularly outstanding [1] Group 2: Company Background and Technology - Founded in 2012, Cloud Wisdom is one of the earliest companies to apply deep learning algorithms in commercial voice recognition [3] - The company has developed a comprehensive AI technology system, including large model technology, multimodal interaction technology, AI chips, and domain knowledge graphs, successfully applying these technologies in various sectors such as healthcare, transportation, and home automation [3] - The "Shan Hai" large model developed by the company ranks among the world's top capabilities and has expanded into multimodal interaction capabilities, significantly broadening application boundaries [3] Group 3: Recent Developments and Future Prospects - Cloud Wisdom continues to demonstrate strong growth momentum due to its deep accumulation and technological breakthroughs in the AGI field [5] - The company’s "Beast Tooth Intelligent Platform v1.0" has successfully passed Huawei Ascend application development technology certification, marking a significant breakthrough in AI technology innovation and industrial application [5] - The platform integrates industry large models and scenario-based intelligent agents, providing a robust AI digital foundation for enterprises, with notable achievements in various fields [5] - As the AI industry accelerates its penetration into real-world applications, Cloud Wisdom is expected to play a crucial role in driving intelligent transformation across various sectors [5]

Core Insights - Artificial intelligence is rapidly transforming various industries, with companies like Yunzhisheng leading the way in AGI technology commercialization [1][2] - Yunzhisheng showcased its achievements at the World Artificial Intelligence Conference (WAIC 2025), emphasizing its decade-long experience in AI technology [2][3] Company Overview - Yunzhisheng, established in 2012, is among the first teams in China to implement deep learning and large model upgrades, building a comprehensive AI infrastructure [3][5] - The company has developed the "Yunzhidao" platform, centered around the "Shanhai Large Model," which integrates cognitive models and perception modules [5][6] Product and Service Applications - The company focuses on two main application areas: Smart IoT and Smart Healthcare, aiming to enhance machine interaction and improve medical services [5][6] - In Smart Healthcare, Yunzhisheng collaborates with hospitals to develop voice electronic medical records and medical knowledge graphs, ultimately aspiring to create a "super doctor" through iterative advancements [6][8] Future Expansion Plans - Beyond healthcare, Yunzhisheng is exploring applications in Smart Transportation, partnering with companies to enhance urban transit services [9] - The company aims to leverage its expertise in various sectors, ensuring that its models are tailored to specific industry needs [9][10] Global Strategy - Yunzhisheng is considering international expansion, particularly in ASEAN countries and regions involved in the Belt and Road Initiative, to capitalize on global opportunities [13][14] - The company has established strategic partnerships, such as with Vanuatu, to assist in rebuilding efforts post-disaster through smart technology [14] Industry Perspective - The Chinese tech landscape is evolving, with increasing recognition of domestic companies' capabilities, especially following advancements like DeepSeek [16][17] - The company believes that China's industrial base and application scenarios provide a competitive edge in the global AI market, potentially narrowing the valuation gap with U.S. firms [17][18] Advice for Entrepreneurs - New entrepreneurs should focus on creating value in application areas rather than solely on foundational models, as the market will favor those who can demonstrate practical utility [18][19]

Core Viewpoint - CloudWalk Technology (09678) has seen its stock price rise over 6%, reaching a new high of 620 HKD, with a market capitalization exceeding 44 billion HKD [1] Group 1: Company Developments - On July 15, CloudWalk Technology signed a memorandum of understanding with the government of Vanuatu for cooperation in artificial intelligence implementation and project deployment [1] - The collaboration will focus on deploying intelligent applications based on AI large language models and IoT platforms in key public service areas such as smart hospitals and smart campuses in Vanuatu [1] - On July 25, CloudWalk Technology announced that the overall coordinator fully exercised the over-allotment option, involving 234,000 H-shares, which accounts for approximately 15% of the initial global offering [1] Group 2: Financial Impact - The over-allotment shares were issued at 205.00 HKD per share, generating approximately 45.6 million HKD in additional net income for the company [1] - The funds from the over-allotment will be allocated according to the future plans and purposes outlined in the prospectus [1]

Group 1 - Company shares of Yunzhisheng (09678) rose over 6%, reaching a new high of 620 HKD, with a total market capitalization exceeding 44 billion HKD [1] - As of the latest update, the shares increased by 6.12%, trading at 616 HKD, with a transaction volume of 18.84 million HKD [1] - On July 15, the company announced a formal memorandum of understanding with the government of Vanuatu to collaborate on artificial intelligence implementation and project deployment [1] Group 2 - The strategic cooperation will focus on deploying intelligent applications based on AI large language models and IoT platforms in key public service areas such as smart hospitals and smart campuses in Vanuatu [1] - On July 25, Yunzhisheng announced that the overall coordinator fully exercised the over-allotment option, involving 234,000 H-shares, which accounts for approximately 15% of the initial global offering [1] - The issuance of the over-allotment shares at 205.00 HKD per share will generate approximately 45.6 million HKD in additional net income for the company, which will be allocated according to the future plans outlined in the prospectus [1]

Core Viewpoint - CloudWalk Technology (09678) has seen its stock price rise over 6%, reaching a new high of 620 HKD, with a total market capitalization exceeding 44 billion HKD [1] Group 1: Company Developments - On July 15, CloudWalk Technology announced the signing of a memorandum of understanding with the government of Vanuatu for cooperation in artificial intelligence implementation and access invitations [1] - The collaboration will focus on deploying AI-based large language models and IoT platforms in key public service areas such as smart hospitals and smart campuses in Vanuatu [1] - This initiative aims to enhance the quality and efficiency of public services in healthcare and education in Vanuatu [1] Group 2: Financial Updates - On July 25, CloudWalk Technology reported that the overall coordinator fully exercised the over-allotment option, involving 234,000 H-shares, which accounts for approximately 15% of the initial global offering [1] - The over-allotment shares were issued at a price of 205.00 HKD per share, generating an additional net income of approximately 45.6 million HKD for the company [1] - The funds raised will be allocated according to the future plans and purposes outlined in the prospectus [1]

格隆汇7月31日｜7月行情收官，从港股市场个股表现来看，云知声、国泰君安国际和东方甄选分别涨 95.85%，86.59%和85.08%，位居涨幅榜前三；老铺黄金、周大福和奇富科技-S分别跌29.71%、23.22% 和21.72%，位居港股跌幅前三。 来源：格隆汇APP ...

Core Viewpoint - Cloud Voice, a general artificial intelligence "unicorn," successfully listed on the Hong Kong Stock Exchange on June 30, after a tumultuous journey to the capital market, including a failed IPO attempt on the Shanghai Stock Exchange and two unsuccessful applications for the Hong Kong listing [1] Group 1: Company Overview - Cloud Voice issued 1,560,980 shares globally, with the Hong Kong public offering being oversubscribed by 91.66 times, leading to an adjusted sale of 624,400 shares [1] - The company set its IPO price at HKD 205 per share, raising approximately HKD 320 million, ranking 31st among 43 companies newly listed on the Hong Kong Stock Exchange in 2025 [1] - The company’s stock price surged on its debut, reaching a peak of HKD 319.80, a 56% increase, and closing at HKD 296.40, a 44.6% rise from the IPO price [2] Group 2: Investment and Financing - Major cornerstone investors included SenseTime, Runjian Co., and Zhenyi Asset Management, collectively subscribing to 462,860 shares, accounting for nearly 30% of the offering [2] - Prior to the IPO, Cloud Voice completed 10 rounds of equity financing, attracting investments from various institutions totaling approximately CNY 2.436 billion [2] - The company’s valuation reached approximately CNY 8.333 billion (USD 1.929 billion) after the completion of the D3 round of financing in May 2023 [2] Group 3: Financial Performance - The company reported cumulative losses of CNY 1.205 billion from 2022 to 2024, with a projected single-year loss of CNY 454 million in 2024, marking a 21.4% year-on-year increase [8] - Operating cash flow has been negative for three consecutive years, with trade receivables significantly high and turnover days exceeding industry averages [8] - The customer retention rate in the medical services sector dropped from 70.4% in 2022 to 53.3% in 2024, indicating challenges in maintaining client relationships [8] Group 4: Market Position - As of 2024, Cloud Voice ranked fourth in the Chinese AI solutions provider market, with a market share of only 0.6%, highlighting a significant gap compared to the top three competitors [8]