SEER TECH (06106) spiked more than 32% intraday, reaching a high of HK$93.85. At the time of writing, the stock was up 24.24% at HK$87.90, with trading volume reaching HK$121 million.

Recently, unverified market rumors have circulated suggesting that regulators may tighten listing thresholds for humanoid robot companies. According to insiders, companies would need to demonstrate recurring revenue generation, steadily narrowing losses, or genuine innovation to be eligible for approval consideration. Market analysts believe that for already-listed industry leaders with recurring revenue and narrowing losses, the supply-side constraints actually reinforce their scarcity value.

In the first half of this year, SEER TECH achieved revenue of RMB 264 million, a year-on-year increase of 67.5%. Shipments of its "robot brain" products exceeded 8,000 units, up over 80% year-on-year. The company's gross margin performance stood out notably, with consolidated gross margin rising 1.2 percentage points year-on-year to 46.6%, corresponding to gross profit of approximately RMB 123 million, an increase of roughly 72% year-on-year. During the same period, new orders secured exceeded RMB 467 million, growing over 60% year-on-year. Overseas revenue reached RMB 66 million, surging 197.5% year-on-year. The acceleration in revenue is now clearly translating into gross profit growth and narrowing losses.

Worth noting, starting September 7, SEER TECH officially entered the Stock Connect list. Following its inclusion, mainland investors can trade directly through A-share accounts, which is expected to significantly enhance liquidity and valuation recovery potential. As a scarce "robot brain" track stock in the Hong Kong market, its inclusion in Stock Connect is also viewed by the market as an important signal of broader recognition for the intelligent robotics industry within capital markets.