HK Stock Market Move | ZHIDA TECH (02650) rises by over 4% again, stock price hits new high since listing. Recently announced the acquisition of a large order for charging piles worth over 100 million yuan.

ZHIDA TECH (02650) rose more than 4%, reaching a high of 246 Hong Kong dollars, refreshing its all-time high. As of press time, it rose 4.44% to 244.6 Hong Kong dollars, with a turnover of 10.919 million Hong Kong dollars. In terms of news, ZHIDA TECH recently announced that it has signed a multi-million dollar charging pile order with local partner Saudi Controls Ltd in Saudi Arabia. The two parties will deepen their cooperation in the next 5 years, with ZHIDA TECH supplying a variety of AC and DC charging pile products and establishing a comprehensive manufacturing base to provide high-quality, localized electric vehicle charging products and services to the entire Middle East market. It is reported that ZHIDA TECH will complete the production equipment by December 2025 and ship it to Riyadh, with plans to start production in the first quarter of 2026. Public information shows that as the world's largest provider of home electric vehicle charging solutions, ZHIDA TECH deeply deploys the "product + service + digital platform" integrated model. According to Frost & Sullivan data, the company's global market share in home charging piles is about 9.0%, with a market share of 13.6% in China, ranking first in sales in the Chinese market.