HQVT (01392) rose more than 25% in morning trading. As of press time, the stock was up 17.70% at HK$25.8, with a turnover of HK$80.5144 million.

On the news front, Frost & Sullivan recently released the "2026 White Paper on the Development of China's Multispectral AI Industry." The white paper shows that China's multispectral AI market was worth approximately RMB 20 billion in 2025, with a projected compound annual growth rate of about 31.8% from 2025 to 2030, and the market size is expected to reach RMB 79.4 billion by 2030. Over the same period, the global market's compound growth rate is projected at 29.1%, with China growing significantly faster than the global average.

Based on revenue from relevant businesses in 2025, HQVT ranked first among Chinese multispectral AI companies with RMB 657 million, and also ranked first among the top five in the large model services market. HQVT possesses full-chain delivery capabilities spanning "modules + terminals + industry large models," and its multispectral AI large model service revenue reached RMB 320 million in the first half of the year, surging 382.5% year-on-year.