DIRECT DRIVE (06731) Hits Intraday High Above 5%, Setting New Listing Peak, Up Over 90% from IPO Price

Stock News10-22 12:00

According to Zhitong Finance APP, DIRECT DRIVE (06731) rose more than 5% during intraday trading, reaching a high of HK$41.62, a new listing high, and has now gained more than 90% from its IPO price of HK$21.6. As of press time, the stock was up 4.10% at HK$41.12, with a turnover of HK$13.2984 million.

On the news front, at the end of September this year, DIRECT DRIVE announced the signing of a strategic cooperation agreement with Zhongxi Kechuang, a wholly-owned subsidiary directly managed by China Rare Earth Group. The two parties will carry out comprehensive and in-depth cooperation in technology development, industrial collaboration, capital linkage, and talent co-building, jointly tackling research and development of high-performance magnetic materials such as neodymium iron boron, magnetic gathering rings, and radially oriented magnetic rings, and assisting in opening up the domestic chain from rare earth new materials to robot power components.

It is worth noting that, benefiting from large-scale shipments of robot direct-drive power modules to leading consumer robot customers, the company's revenue increased from RMB 17.538 million in 2023 to RMB 79.802 million in 2024, and further increased to RMB 280 million in 2025, with a compound annual growth rate of 300.8% from 2023 to 2025; revenue for the six months ended June 30, 2026 was RMB 200 million, a year-on-year increase of 39.7%.

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As of press time, the stock was up 4.10% at HK$41.12, with a turnover of HK$13.2984 million.<br><br>On the news front, at the end of September this year, <b>DIRECT DRIVE</b> announced the signing of a strategic cooperation agreement with Zhongxi Kechuang, a wholly-owned subsidiary directly managed by China Rare Earth Group. 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