HK Stock Market Move | BRETON(01333) rose more than 13% in the afternoon, exceeding the IPO price by 55%. The company is a pure new energy engineering machinery manufacturer.

BRETON (01333) rose more than 13% in the afternoon, reaching a high of HK$27.85, nearly 55% higher than the IPO price of HK$18. As of the time of writing, it was up 11.61% at HK$27.4, with a turnover of HK$200.74 million. Public information shows that BRETON is a China-based provider of electric engineering machinery. The group designs, develops electric engineering machinery with automated operation capabilities and commercializes them, as well as provides intelligent operation services. In 2024, the company ranked third and seventh among all new energy wide-body dump truck and loader manufacturers, with market shares based on shipments of 18.3% and 3.8% respectively, and is the only pure new energy engineering machinery manufacturer among the top manufacturers of these two types of new energy engineering machinery. From 2022 to 2024, BRETON's shipments of electric wide-body dump trucks increased from 59 units to 307 units, and shipments of electric loaders increased from 326 units to 450 units, with compound annual growth rates of 128.1% and 17.5% respectively. Data shows that in 2024, BRETON's revenue from electric wide-body dump trucks was 370 million, accounting for 57.4%; revenue from electric loaders was 220 million, accounting for 35.3%.