HK Stock Market Move | IMOTIONAUTOTECH (01274) has risen by over 14%. The potential of the intelligent driving industry is huge, and the company is expected to benefit from the industry's development dividends.

IMOTIONAUTOTECH (01274) rose more than 14%, rising 14.45% as of the time of this report, to reach 25.35 Hong Kong dollars, with a turnover of 374.014 million Hong Kong dollars. On the news front, on November 12, the Ministry of Transport and the National Development and Reform Commission issued the "Action Plan for Reducing Costs, Improving Quality and Increasing Efficiency in Transportation and Logistics." The plan proposes to accelerate the pilot access and passage of intelligent connected (autonomous driving) vehicles. Coordinate to strengthen the smart logistics standard connection of transportation. Promote the orderly application of autonomous driving and unmanned vehicles in key areas such as the Yangtze River Delta and the Greater Bay Area of Guangdong, Hong Kong, and Macau. Open Source Securities stated that true L4 level autonomous driving has arrived in China, and the time to invest is now. IMOTIONAUTOTECH achieved revenue of 636 million yuan in the first half of this year, a year-on-year increase of 17.11%; gross profit of 45 million yuan, a year-on-year increase of 9.29%. The company delivered over 96,000 sets of autonomous driving solutions and products to customers during the period, a year-on-year increase of 92.9%. Soochow previously pointed out that the intelligent driving industry has huge potential, and the gradual increase in penetration rate will bring great opportunities for the development of the industry chain. As a leading player in the field of autonomous driving, the company is expected to fully enjoy the benefits of industry development, and its revenue and profit will further increase.