CIDI-NEW Shares Surge Over 20% Following Inclusion in Stock Connect and Rapid Growth in Autonomous Mining Truck Business

Stock News04-13

Shares of CIDI-NEW (03881) surged more than 20%. At the time of writing, the stock was up 18.51%, trading at HK$28.3, with a turnover of HK$33.5804 million. On the news front, according to announcements from the Shanghai and Shenzhen Stock Exchanges, CIDI-NEW was included in the list of securities eligible for the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programs effective April 9. The company's annual results showed revenue of RMB 885 million, a year-on-year increase of 115.8%, and a loss attributable to shareholders of RMB 1.02 billion. In 2025, the group delivered 630 units/sets of its autonomous mining truck solutions, achieving a substantial year-on-year growth of 317.22%. Guosen Securities stated in a research report that CIDI-NEW, as a leading enterprise in intelligent driving products and solutions for commercial vehicles, has a core investment thesis based on the rapid growth of commercial deployment for its autonomous mining trucks. The company continues to benefit from the accelerated development of the Robo-X industry. Shenwan Hongyuan added that unmanned mining trucks are expected to maintain high growth in 2025, with potential for further expansion overseas.

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