Movement Alert｜Zhida Technology Rises 8.32% in Regular Trading, Charging Robot Production Base Deployment Continues to Drive Stock Higher

Market Focus07-08

On July 8, Zhida Technology (02650.HK) rose 8.32% in regular trading, trading at HKD 30.16/share, with turnover of HKD 187 million, extending its recent strong momentum.

On the news front, the company recently established the worlds first annual 10,000-unit-capacity dedicated production base for automatic charging robots in Ningbo, marking the sectors official entry into the mass manufacturing stage. The company has launched three core products: the snake-shaped SmartLink auto-charging robot, the Pioneer Robot home charging robot, and the LingXiang unmanned public charging robot. Robot segment revenue surged 88.83% year-over-year, making it the companys fastest-growing business line.

Additionally, the company completed a placement of approximately 19.13 million shares on June 30 at HKD 10.98 per share, raising net proceeds of approximately HKD 206 million for R&D and overseas expansion. Its Thailand subsidiary recorded a 71.3% year-over-year increase in charging pile sales from January to April, with overseas product average selling prices exceeding domestic levels, reinforcing the improving fundamental outlook.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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