On September 15, BIREN TECH rose 3.63% in regular trading, trading at HK$34.12/share, with turnover of HK$81.37 million. The rally was driven by a broad-based recovery in the semiconductor sector, lifting the stock from its recent oversold levels.
Sector peers rallied in tandem, with GigaDevice up 5.95%, Montage Technology up 3.87%, and Iluvatar CoreX up 3.80%, reflecting a collective rebound in chip stocks. BIREN TECH had been under sustained selling pressure since its interim results release on August 28, weighed down by the dilution of domestic GPU scarcity premiums following Enflame Technology's listing and Moore Threads' lock-up share overhang depressing sector valuations.
On the fundamental side, the company reported H1 revenue of RMB 1.236 billion, surging 1,998% year-over-year, with gross margin improving to 42.7%. The adjusted net loss narrowed 38.9% to RMB 337 million. Morgan Stanley increased its stake to 5.02%, and multiple brokerages including Goldman Sachs maintained buy ratings, signaling institutional confidence despite near-term technical weakness.
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