HK Stock Market Move | ZHIDA TECH(02650) rose more than 5% and broke through the peak again. The construction of charging piles is expected to accelerate. The company is the leading enterprise in home charging piles.

ZHIDA TECH (02650) rose by more than 5%, reaching a high of 222.8 Hong Kong dollars, hitting a new high, and has risen by more than 230% compared to the IPO price of 66.92 Hong Kong dollars. As of the time of writing, it rose by 4.15%, reaching 220.8 Hong Kong dollars, with a trading volume of 1162.56 million Hong Kong dollars, and a total market value exceeding 13 billion Hong Kong dollars. On the news front, on October 15th, the National Development and Reform Commission and other six departments jointly issued the "Action Plan to Double the Service Capacity of Electric Vehicle Charging Facilities in Three Years (2025-2027)", which stated the need to continuously improve the charging network. By the end of 2027, 28 million charging facilities will be built nationwide, providing over 300 million kilowatts of public charging capacity, meeting the charging needs of over 80 million electric vehicles, achieving a doubling of charging service capacity. It is worth noting that following the discussion sparked by ZHIDA TECH's automatic charging Siasun Robot&Automation "Lingshe", in November of this year, ZHIDA TECH officially announced a strategic cooperation with the super IP "Zhou Tongxue" in the Chinese music scene, jointly launching customized electric vehicle charging piles and theme charging stations, deeply integrating green travel with the trendy culture of Generation Z. According to Frost & Sullivan data, the company's global market share of household charging piles is approximately 9.0%, and in the Chinese market, it is 13.6%, ranking first in sales in the Chinese market.