Movement Alert|Zhida Technology Rises 18.92% in Regular Trading, Subsidiary Settles in Zhangjiang and Joins Robot Valley Ecological Alliance

Market Focus07-03

On July 3, Zhida Technology (02650.HK) rose 18.92% in regular trading, trading at HK$18.19/share, with turnover of HK$142 million. The stock surged over 26% the previous session on the same catalyst before closing up approximately 16%.

On the news front, the company's wholly-owned subsidiary, Shanghai Zhida Robot Technology Co., Ltd., officially settled in Zhangjiang on June 16 and joined the Zhangjiang Robot Valley Ecological Alliance. The subsidiary will focus on R&D and scenario-based applications of automatic charging robots, advancing charging technology toward intelligent and unmanned solutions, and further strengthening Zhida's ecosystem in smart energy and robotics-integrated solutions.

Additionally, the company completed a share placement of 19.13 million H-shares at HK$10.98 per share on June 30, raising approximately HK$206 million in net proceeds. Industrial Securities noted that Zhida has partnered with major automakers to expand overseas, where product and service ASPs are higher, positioning the company to benefit from sustained high growth in overseas charging infrastructure demand.

(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.)

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