Shares of METALIGHT (HKEX: 02605) closed nearly 6% higher on the day. At the market close, the stock was up 5.79% to HK$1.28.
Catalyst for the Move
The recent price movement follows the company's launch of its new public transit application, TransitNow, signaling a renewed push and upgrade for its overseas business operations. The app officially went live on both iOS and Android platforms in mid-April 2026.
Its initial service area covers over 10 cities and regions, including Hong Kong, Singapore, Melbourne, Sydney, Kuala Lumpur, Penang, Kuantan, and Johor Bahru. The service spans multiple urban areas across Asia and Australia, providing core features such as real-time bus and subway tracking, journey planning, and quick searches for routes and stations.
Financial and Operational Performance
METALIGHT's financial results for the 2025 fiscal year showed annual revenue of RMB 206 million and an adjusted net profit of RMB 40.69 million. This marks the fourth consecutive fiscal year the company has reported an adjusted profit.
On the operational front, the coverage of its flagship product, "Che Lai Le" (translated as "Here Comes the Bus"), has expanded to 488 cities and towns. Cumulative users have surpassed 334 million, with monthly active users exceeding 30.31 million. The number of partnered transportation entities has grown to 312. All four of these core operational metrics have maintained positive growth.
Comments