Biren Technology (06082) saw its shares rise more than 7% during the morning session, reaching a high of HK$54.6 and setting a new record since its listing. As of the time of writing, the stock was up 4.8% at HK$53.45, with a turnover of HK$1.4 billion. The movement follows recent developments in April 2026, when two major domestic AI models, DeepSeekV4 and KimiK2.6, were released and promptly adapted to domestic AI chips such as Huawei's Ascend, Cambricon's Siyuan, and Biren's offerings. This shift signals a move from one-sided chip adaptation to a two-way collaborative model of "domestic computing power + domestic models," enhancing independent control within China's AI industry. Everbright Securities noted that potential future catalysts for Biren Technology include volume production of high-performance chips such as the BR166 and BR20X series, continued expansion of China's advanced semiconductor production capacity—which is expected to significantly improve the company's supply chain by late 2026 to 2027—and the anticipated commercialization of its products for a broader client base, including internet companies. Given the increasing shipment of domestic computing solutions and the company's progress toward commercialization, the firm is optimistic about Biren's earnings growth and valuation upside. Everbright initiated coverage with a "Buy" rating.