On October 28, Gelonghui｜Bairong Cloud-W (6608.HK) rose in early trading, surging over 6.5% at one point, reaching a high of 10.18 Hong Kong dollars. On the news front, Tianfeng Securities released research pointing out that in H1 2024, Bairong Cloud's revenue was 1.321 billion yuan, a 6% year-on-year increase; gross profit was 0.967 billion yuan, a 8% year-on-year increase. The growth in revenue and gross profit is mainly attributed to the successful application and commercialization of artificial intelligence (AI) technology. During the period, cloud revenue in the BaaS financial industry was 0.589 billion yuan, a 20% year-on-year increase, mainly benefiting from the rapid increase in transaction volume: assets traded increased by 23% to 26.15 billion yuan. The bank believes that the outstanding data of the company in the core business BaaS financial industry cloud may continue to drive the company's performance upward in the future, maintaining a "buy" rating.