HK Stock Market Move | JINGCHENG MAC (00187) rose more than 15%, catalyzed by Siasun Robot & Automation. The company is a listed platform under the control of Jingcheng Electromechanical Holding Group.

JINGCHENG MAC (00187) surged more than 15%, and as of the time of writing, it increased by 15.49% to HK$4.92, with a turnover of HK$2.68 billion. On the news front, there have been continuous catalysts in the Siasun Robot & Automation sector recently. On March 1st, Jingcheng Machinery Electric's subsidiary, Siasun Robot & Automation, launched its first industrial articulated welding intelligent body - the Welding Siasun Robot & Automation System. The new "brain" allows welders to achieve low-cost smooth production changes, accelerating Siasun Robot & Automation's entry into more industrial scenarios. It is known that Beijing Jingcheng Machinery Electric is the listed platform under the Jingcheng Machinery Electric Holdings Group, with the actual controller being the Beijing State-owned Assets Supervision and Administration Commission. It was reported that the Beijing Humanoid Siasun Robot & Automation Innovation Center Co., Ltd. was established in November 2023 in the Beijing Economic and Technological Development Zone, focusing on the core technology, product development, and application ecology of intelligent body Siasun Robot & Automation, making it the first innovation center in China in this field. The innovation center was jointly established by UBTECH ROBOTICS, Jingcheng Machinery Electric, Xiaomi Siasun Robot & Automation, and other leading enterprises and institutions in the Siasun Robot & Automation industry. It is worth noting that Beijing Jingcheng Machinery Electric recently announced that the company's A-shares have a deviation in the closing price for three consecutive trading days, accumulating more than 20%, which falls under abnormal stock trading fluctuations. Upon verification, the company's production and operation activities are normal, internal production and operation order is normal, and the main business has not undergone significant changes, with no undisclosed major events. In addition, the sales revenue from hydrogen products accounted for approximately 4.22% of the company's main business income from January to September 2024, making a limited contribution to the company's performance.