Zhejiang Shibao Shares Jump Over 9 Percent in Morning Trade as A-Shares Hit Limit Up; Smart Driving Sector Sees Wave of Catalysts

Deep News10-27 10:00

Zhejiang Shibao Company Limited (01057) surged at market open, with its A-shares hitting the daily limit-up, and as of press time, the stock was up 8.70%, quoted at HK$3.625, with a turnover of HK$34.17351 million.

The smart driving sector is experiencing a wave of catalysts. XPeng has been approved for a demonstration operation qualification for intelligent connected vehicles in Guangzhou, allowing it to conduct L4-level Robotaxi demonstration operations across the entire city. On the same day, Volkswagen Group (China) officially announced that it has recently obtained an L3-level autonomous driving road testing license in Hefei and has already commenced real-road testing and data collection for L3-level technology in the city.

It is worth noting that Zhejiang Shibao's recently disclosed third-quarter 2026 report shows that in the first three quarters, main operating revenue reached RMB 2.798 billion, up 13.68% year-on-year; net profit attributable to shareholders of the parent company was RMB 151 million, up 1.17% year-on-year. In the third quarter alone, main operating revenue was RMB 1.078 billion, up 14.94% year-on-year; net profit attributable to shareholders of the parent company for the quarter was RMB 47.7052 million, down 15.77% year-on-year.

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