HK Stock Market Move | MINTH GROUP (00425) surged more than 4% in early trading Battery box business performance met expectations Heavy asset investments expected to improve financial indicators

MINTH GROUP (00425) rose over 4% in the morning session, with a 3.95% increase as of press time, reaching HKD 15.28, with a turnover of HKD 190.283 million. The founder previously pointed out that, based on Trump's historical tariff policies towards China, we believe that tariffs on automotive-related products will mainly be implemented through the 301 tariffs. The bank pointed out that companies with production capacity in North America are expected to resist the impact of tariffs. It is reported that MINTH GROUP currently has manufacturing facilities in Michigan and Tennessee in the United States. Shenwan Hongyuan Group stated that as of 24H1, the company has orders worth 125.08 billion RMB in the battery shell business. Assuming the order release lifecycle is 8-10 years, the annual sales can reach 12.51-15.635 billion RMB, making a significant contribution to the company's annual revenue. In addition, the battery shell business belongs to heavy asset investment, and the company has achieved global investment and profit in this area, with a rich customer structure and good positioning potential to continue to increase market share. Furthermore, the company's profitability and financial indicators have improved, and with the slowdown in heavy asset investment, the company is expected to see financial indicator improvements and valuation increases.