HK-listed Bairong drops most in 10 months on expecting lower FY profit

Bairong

27/02/2026 02:50

** Shares of Bairong Inc 6608.HK drop 15.2% to HK$10.02, on track for the biggest one-day pct decline since April 7, 2025

** Stock hit its lowest level since December 19

** Chinese cloud-based artificial intelligence turnkey service group expects its full-year net profit to drop 70%-75% y/y as it substantially increases investment in artificial intelligence (AI) in the 2025 fiscal year, among others

** YTD, stock down 13.4%, while benchmark Hang Seng Index .HSI up 3.4%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))