CIDI-NEW's stock price soared 20.60% during intraday trading on Monday, following its inclusion in the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programs and strong growth in its autonomous mining truck business.
The company was added to the Stock Connect list effective April 9, which is expected to boost investor access and demand. Additionally, CIDI-NEW reported delivering 630 units/sets of autonomous mining truck solutions in 2025, representing a year-on-year increase of 317.22%, with revenue rising 115.8% to RMB 885 million annually.
Analysts from Guosen Securities and Shenwan Hongyuan have highlighted the rapid commercial deployment of autonomous mining trucks and the company's position in the Robo-X industry, with potential for further overseas expansion in 2025.
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