HK Stock Market Move | BRETON (01333) rose by over 7% to hit a new high, an increase of over 90% compared to the IPO price. The company is a pure manufacturer of new energy engineering machinery.

BRETON (01333) rose more than 6% in the afternoon, reaching a new high of 34.25 Hong Kong dollars, an increase of over 90% from the IPO price of 18 Hong Kong dollars. As of the time of writing, it has increased by 7.56% to 34.15 Hong Kong dollars, with a trading volume of 16.0483 million Hong Kong dollars. Public information shows that BRETON is a China-based provider of electric engineering machinery. The group designs and develops electric engineering machinery with automatic operating capabilities for commercialization, as well as providing intelligent operation services. In 2024, the company ranked third and seventh among all manufacturers of new energy wide-body dump trucks and loaders, with market shares of 18.3% and 3.8% by shipment volume, respectively. It is the only pure new energy engineering machinery manufacturer among the top manufacturers in these two categories of new energy engineering machinery. It is reported that BRETON's main product, electric wide-body dump trucks, has seen a sharp increase in shipments in recent years, from 59 units in 2022 to 307 units in 2024, with a compound annual growth rate of 128.1%. According to data from Zhaoshi Consulting, the company has ranked first in shipments of electric wide-body dump trucks with battery capacities exceeding 650 kilowatt-hours for three consecutive years from 2022 to 2024.