HK Stock Market Move | ZMJ Group (00564) rose more than 7% to a new high, collaborating with companies such as Huawei and Lenovo to promote the development of industrial intelligence.

ZMJ Group (00564) surged more than 7%, reaching a high of 23.14 Hong Kong dollars, setting a new record high. As of the time of writing, it rose by 7.16% to 23.06 Hong Kong dollars, with a trading volume of 83.6711 million Hong Kong dollars. On the news front, according to the "Huawei Intelligent Mining and Oil&Gas" WeChat public account, on September 17th, Huawei Technologies Co., Ltd. signed a cooperation agreement with the newly renamed ZMJ Group (formerly Zhengzhou Coal Mining Machinery Group). According to the cooperation agreement, the two parties will focus on four core areas: AI-based digital operation and decision-making solutions for mines, industrial application scenarios, specific project levels, and joint talent development programs. Specifically, on September 17th, ZMJ Group held a ceremony in Zhengzhou for the launch of its intelligent transformation strategy, new products, and new technologies, as well as the renaming ceremony. During the ceremony, ZMJ Group signed cooperation agreements with industry-leading companies such as Huawei, Lenovo, SAP, Deloitte, and Hangzhou Semiconductor, to jointly promote the development of industrial intelligence. At the same time, the group's coal mining sector released eight major innovative technologies and products for intelligent mining, including Siasun Robot & Automation for mine operation, electric supports, water-jacketed supports, open-pit mining continuous equipment, and other cutting-edge technologies.