ABLE DIGITAL (02687) climbed more than 6% in Thursday's trading session, reaching a high of HK$366.6, representing a 6.02% increase at the time of writing, with turnover hitting HK$39.51 million.

The surge comes on the heels of the company's interim results announcement, which revealed revenue of RMB 330 million for the first half of the year, marking a 19.1% year-on-year increase, largely propelled by its core AI knowledge asset construction business. Furthermore, gross margin expanded from 46.9% in the prior-year period to 50.4%, a gain of 3.5 percentage points, underscoring the positive impact of an improved product mix and enhanced delivery efficiency.

As of the reporting period's end, the company's order backlog stood at RMB 505 million, up 34.7% year-on-year, significantly outpacing the 19.1% revenue growth rate during the same timeframe. A closer look at the business segments reveals that AI knowledge asset construction generated revenue of RMB 290 million, accounting for 89.7% of total revenue, up 17.0% year-on-year. Meanwhile, the AI agents and virtual-physical scenarios segment contributed RMB 33.8 million, a notable 40.6% increase year-on-year.

According to SDIC Securities International, ABLE DIGITAL stands as a frontrunner in AI knowledge assets for the higher education sector. The company's dual-engine strategy, combining AI knowledge asset construction with AI agents, coupled with a robust order pipeline and an optimized customer base, is expected to sustain its revenue momentum. The brokerage firm recommends investors monitor the stock's progress closely.