UNISOUND

Unisound AI opened higher and kept climbing in the afternoon session, closing at HK$74.40, up 5.08% on turnover of ~HK$89.2 million. The rally was driven by news of winning municipal AI platform projects worth over RMB 20 million and a disclosed H-share buyback plan of up to HK$100 million. The company forecast H1 2026 revenue to grow 31-43% YoY to RMB 530-580 million, while Q4 2025 revenue rose 40% YoY with a significant narrowing of losses. However, the stock remains 91.5% below its 52-week high of HK$879, has dropped 82.2% YTD, and trades well below its 60-day moving average of HK$156.3, indicating this rebound is still within a deep correction.

Unisound opened lower and declined further in the morning session, closing at HK$71.70, down 4.97% from the previous close, with an intraday low of HK$71.45. The stock has fallen approximately 91.8% from its 52-week high of HK$879 and is down 82.9% year-to-date. Despite recent positive catalysts including a HK$100 million share buyback plan, insider stake increases, and winning municipal AI platform projects worth over RMB 20 million, the company's Q4 FY2025 net loss of HK$16.4 million and a net profit margin of -3.66% continue to weigh on sentiment. The stock trades between its MA20 (HK$69.62) and MA60 (HK$160.07), while the PB ratio of 6.96x implies stretched valuation relative to earnings, though revenue growth accelerated to 40% YoY.

云知声 9678.HK 今日上午盘开盘即报 69.20 港元，较前收 66.60 港元上涨 3.9%，但全天仅有一笔交易，成交量 33580 股，成交额约 234 万港元，流动性极低。股价上涨主要受近期多重积极消息提振：公司此前发布 H1 2026 营收指引同比增长 31%-43% 至 5.3 亿-5.8 亿港元，并宣布最高 1 亿港元 H 股回购计划，同时 CEO 黄伟增持 H 股至 25.99%，内外同步释放信心。财务层面，Q4 2025 营收同比增 40% 至 4.48 亿港元，净亏损同比大幅收窄 84%，但每股仍亏 0.23 港元，盈利能力尚未扭正。当前股价 69.2 港元较 52 周高点 879 港元暴跌 92%，也远低于 60 日均线 163.4 港元，仅略高于 20 日均线 69.1 港元，处于历史底部区域。不过公司尚未披露 2026 年中期业绩最终数据，上半年营收能否兑现指引上限仍需观察。

Unisound AI opened higher but closed lower, dropping from an intraday high of HKD 70.5 in the morning session to end at HKD 66.8, down 3.1% from the previous close of HKD 68.95. The company recently guided H1 revenue growth of 31%-43% to RMB 530-580 million, with Q4 revenue up 40% YoY to HKD 448 million and net loss narrowing 84%, yet valuation remains pressured. The stock trades at a P/B of 6.5x, total market cap of HKD 4.99 billion, and is down 84% YTD, far below both its 20-day MA of HKD 69.36 and 60-day MA of HKD 167.18, with a 92.4% decline from its 52-week high of HKD 879. Insider stake increases and a HKD 100 million buyback announcement provided some support, though the stock remains in a downtrend.

Unisound AI opened at HK$72.6 and briefly hit an intraday high of HK$74.05 before sliding steadily to close at HK$67.0, down 7.78% amid broad market weakness and AI sector headwinds. Despite the company's positive H1 2026 revenue guidance of 31%-43% YoY growth to RMB 530-580 million and Q4 2025 net loss narrowing 84.36% YoY to HK$16.4 million, the stock remains 92.38% below its 52-week high of HK$879 and well below its MA60 of HK$174.98, trading only slightly above the MA20 of HK$69.62. A newly announced HK$100 million H-share buyback plan and insider stake increases added to sentiment, though the stock could not sustain gains and hit a fresh intraday low of HK$66.3 in the afternoon session.