Crystal Tai Technology-P (02228) rose more than 7% in the morning session, as of the time of publication, up 5.48% to HK$11.18, with a turnover of 8.4022 million Hong Kong dollars.
According to the Wisdom Financial APP, Crystal Tai Technology-P (02228) rose by more than 7% in the morning session, up 5.48% to HK$11.18 as of the time of publication, with a turnover of 8.4022 million Hong Kong dollars.
On the news front, at the end of August this year, Crystal Tai Technology announced the official signing of a 5-year strategic cooperation agreement with Xinjiang Xinte Group. According to the agreement, Xinjiang Xinte will gradually pay Crystal Tai Technology an estimated RMB 0.135 billion (approximately USD 1 billion) in research and development expenses according to the project research and development progress. It is reported that Crystal Tai Technology will provide Xinjiang Xinte with order-based services for high-tech new energy materials research and development in the fields of perovskite, supramolecular, lithium-ion batteries, cathode materials, and carbon-silicon materials.
It is worth noting that Crystal Tai Technology's original business was almost all in the biomedical field, and the cooperation with Xinjiang Xinte Group is seen by the outside world as a huge cross-border move. Wen Shuhao, co-founder and director of Crystal Tai Technology, stated that the cooperation with Xinjiang Xinte Group has brought about an important new growth curve for Crystal Tai Technology. Wen Shuhao also mentioned that globally, Crystal Tai Technology is the first AI company to secure such a heavyweight order in the new materials sector. He revealed that recently, Crystal Tai Technology has also been in discussions with new materials companies from other countries and regions.