DUIBA's Stock Surges Over 12% in Morning Trade, Accumulating a Threefold Gain in Ten Sessions

Deep News
Sep 04

DUIBA (01753) saw its share price jump more than 12% during the morning trading session, extending a remarkable rally that has seen the stock more than triple in value over the past ten trading days. At the time of writing, the shares were up 5.77%, trading at HK$0.55, with a turnover of HK$2.27 million.

The company's interim financial report revealed that total revenue for the first half of the year reached RMB 435 million, marking a 24.34% year-on-year increase. Notably, the AI short-drama business, which was only officially launched in January of this year, contributed RMB 223 million—accounting for 51.2% of total revenue and emerging as the core growth driver.

According to public data from Douyin's native platform, DUIBA's AI short dramas climbed from zero views to the top of the rankings within just six months, securing the second position in the industry by July. On August 31, the company's AIGC long-form drama "Journey to the West: The Sequel" premiered on Mango TV and aired during prime time on Hunan Satellite TV at 8 PM. This landmark event signifies a pivotal shift for AI-driven content—expanding from short-form to long-form productions and transitioning from online platforms to mainstream television channels, opening up new commercial possibilities for the AI film and television industry.

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