Azure saw its share price rebound strongly on June 9, climbing to 21.59 RMB by market close—a robust 8.49% gain driven by 2.897 billion RMB in trading volume. This movement continues a bullish trend that saw the stock set a new all-time high of 23.21 RMB on May 27.
Founded in 2002 and public since 2008, the company has diversified into lithium batteries, LED chips, and metal logistics. Its subsidiary, Tenpower, dominates the high-rate cylindrical battery space, supplying critical components to industry-leading AI robotics companies including Unitree, Agibot, and Fourier Intelligence. The company’s Q1 2026 earnings report underscores its momentum: revenue rose 24.60% to 2.153 billion RMB, while net profit jumped 38.14% to 196 million RMB. By leveraging synergies across its three core business units, the company has successfully expanded its profit margins, signaling strong operational efficiency in the current market environment.
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