HK Stock Market Move | SUN.KING TECH (00580) rose more than 14% in the afternoon, with the flexible power transmission project expected to increase significantly. The company is a leading domestic supplier of power transmission and distribution components.

SUN.KING TECH (00580) rose over 14% in the afternoon, rising 11.86% to HK$13.3 by the time of publication, with a turnover of HK$87.67 million. On the news front, a recent report from UBS shows that the bank is more optimistic about the market demand for CHINA POWER, forecasting an 8% growth in CHINA POWER demand from 2028 to 2030, which is double the previous prediction, benefiting power equipment and grid capital expenditure starting next year. Zhongtai International pointed out that the ultra-high voltage projects during the "15th Five-Year Plan" period will focus on flexible power transmission technology, with Saic Crystal being a leading domestic supplier of transmission and distribution power components, having sufficient orders on hand and steady income growth. In addition, the "15th Five-Year Plan" proposes to promote future industries such as nuclear fusion energy as new economic growth points. It is reported that on September 8, SUN.KING TECH's Swiss subsidiary Astrol announced a partnership with an innovative enterprise in the nuclear fusion field, which will use Astrol's power switch solutions to control current in cutting-edge fusion systems. This new order once again demonstrates Astrol's leading technology in the field of nuclear fusion power electronics.