HK Stock Market Move | XXF (02473) rose nearly 9% to a new high during trading hours, the company partnered with Hellobike to jointly build an ecosystem and was recently included in the Hong Kong Stock Connect list.

XXF (02473) rose nearly 9% during trading, reaching a high of 9.36 Hong Kong dollars, setting a new record high. As of the time of this report, it has risen by 5.47% to 9.07 Hong Kong dollars, with a trading volume of 102 million Hong Kong dollars. On the news front, on September 5, Vice President of Hello, and General Manager of Car Rental Business Unit, Zhang Zhongqi, visited XXF with representatives from XXF including Deputy Chairman Ye Fuwei, and reached a strategic cooperation agreement. Both parties discussed in depth about co-building joint stores, system integration, integration of merchant resources, and improving operational efficiency, and signed the agreement. This cooperation will help further integrate offline vehicle resources with online platform traffic, improve vehicle utilization and user coverage, and strengthen XXF's overall solution capabilities in the field of car travel. It is worth noting that on September 8, XXF was officially included in the Hang Seng Composite Index and entered the list of eligible securities for the Stock Connect program. The company's mid-term financial performance report showed that its revenue in the first half of the year was 769 million yuan, an increase of 16.78% year-on-year; net profit attributable to shareholders was 22.486 million yuan, an increase of 14.23% year-on-year; the increase in revenue was mainly due to the higher year-on-year growth of the group's direct car retail business; and the further expansion of self-operated sales network opening and strengthening of sales capabilities led to an increase in sales performance.