HK Stock Market Move | ZENERGY(03677) rose more than 6% in the afternoon to hit a new high. The company expects to turn a loss into a profit in the first half of the year, earning at least 1.98 billion yuan.

ZENERGY (03677) rose more than 6% in the afternoon, rising by 5.13% at the time of publication to 11.47 Hong Kong dollars, with a trading volume of 22.87 million Hong Kong dollars. On the news front, ZENERGY recently reported a profit, with an expected net profit of 198 million to 243 million Chinese yuan in the first half of the year, compared to a loss of 130 million Chinese yuan in the same period last year. This turnaround was mainly due to the increased production of multiple models of electric vehicles and a significant increase in shipments of power batteries, leading to growth in sales revenue. The company has also been making efforts to improve quality and efficiency, leading to a significant increase in gross profit margin and a significant decrease in expense ratio. In addition, the half-year review period for the Hang Seng Index ended on June 30, and the adjusted list is expected to be announced after the market closes on August 22 this year, with all changes to take effect after the market closes on September 5 (Friday) and starting on September 8 (Monday). Huatai Securities expects that 19 stocks will be added to the Hong Kong Stock Connect in early September, including ZENERGY.