HK Stock Market Move | WING LEE DEV(09639) rose more than 5%. The company is actively expanding its new energy business, and order backlog is growing rapidly.

WING LEE DEV (09639) rose more than 5%, as of the time of writing, it increased by 5.08% to 1.24 Hong Kong dollars, with a turnover of 4.3945 million Hong Kong dollars. On the news front, in October this year, WING LEE DEV announced that its wholly-owned subsidiary Rongli New Energy Limited successfully undertook the relevant projects of the Tuen Mun Blue Mineral Plant mixing station, together with signing new energy equipment sales contracts with multiple enterprises, totaling more than HK$1.5 billion. Industry insiders predict that due to the accelerated growth of its order backlog, the company's new energy-related business revenue in the second half of the year will achieve stable and continuous growth, becoming one of the core incremental sources of WING LEE DEV's performance growth. It is understood that WING LEE DEV has been actively developing new energy businesses in recent years, undertaking CECEP Solar Energy photovoltaic projects, distributing various electric commercial vehicles and electric engineering machinery, building charging piles and subsequent maintenance, charging and swapping, recycling and energy storage businesses. In May of this year, WING LEE DEV, together with Sany Group, Contemporary Amperex Technology, and other leading companies, co-founded the Hong Kong Zero Carbon Smart Alliance, with the core goal of building a "light, storage, charging, swapping, recycling" full-chain solution.