HK Stock Market Move | AUX ELECTRIC (02580) rose over 4% in the afternoon. The company has been included in the Hong Kong Stock Connect list. Institutions say domestic sales are stable and foreign sales are increasing.

AUX ELECTRIC (02580) rose more than 4% in the afternoon, and as of the time of publication, it was up 4.12% to 14.65 Hong Kong dollars, with a turnover of 31.9099 million Hong Kong dollars. In terms of news, the Shenzhen Stock Exchange has previously announced adjustments to the constituent stocks of the Hang Seng Composite Mid Cap Index, resulting in adjustments to the list of securities eligible for trading under the Stock Connect program. AUX ELECTRIC has been included in the Stock Connect program, which took effect on December 8. Huatai recently released a research report stating that AUX ELECTRIC is the world's fifth largest and China's fourth largest air conditioner provider, with its air conditioning business covering over 150 countries and regions worldwide. The company's main business is household air conditioners and central air conditioners, with the main brand Aux, and three sub-brands ShinFlow, Huasuan, and Aufit covering different price segments. The company's domestic sales remain steady, and its overseas sales are rapidly growing under the dual driving force of ODM and OBM. The company leads in manufacturing efficiency and cost control, with a positive outlook on its long-term growth prospects.