Stock Track | CiDi Smart Driving Soars 5.43% Intraday on Stock Connect Inclusion and Mining Truck Business Surge

Stock Track04-22

CiDi Smart Driving's stock soared 5.43% during intraday trading on Wednesday, reflecting strong investor interest.

The surge is driven by multiple positive developments. The company was recently included in the Stock Connect program, enabling direct participation by southbound capital and significantly enhancing liquidity and investor visibility. Additionally, CiDi Smart Driving signed a strategic cooperation agreement with global mining equipment leader MMD Group, becoming its exclusive supplier of mining equipment automation solutions, marking a key milestone in overseas expansion.

Financially, the company reported robust performance with annual revenue increasing 115.8% year-over-year. Its core autonomous mining truck solution saw deliveries surge 317.22% year-over-year, with cumulative deployments exceeding 1,500 units, indicating entry into scaled commercialization. Despite a net loss reflecting ongoing investments, multiple brokerages maintain "buy" ratings, citing optimism over profit improvement prospects as commercial scale expands and overseas markets open up.

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