HK Stock Market Move | CIDI(03881) rose more than 3% in the morning, with the company receiving a large order from the Middle East. It plans to use the funds raised from the IPO to enhance its commercial capabilities both domestically and internationally.

CIDI (03881) rose more than 3% in the morning, as of the time of publication, it rose 2.78% to 229.2 Hong Kong dollars, with a turnover of 122.07 million Hong Kong dollars. On the news front, according to the announcement from Chengdu Economic and Information Technology Commission, as Chengdu is a pilot city for the national intelligent network connected "car-road-cloud integration" application, it is accelerating the layout of the intelligent network connected automobile industry. CIDI's listing on the Hong Kong stock market and obtaining large orders from the Middle East have achieved a major breakthrough. At the 2025 Chengdu-Saudi Industrial Cooperation Exchange Conference, the head of CIDI stated: "In the Saudi market, the company's intelligent heavy trucks not only need to conquer the high-temperature desert environment, but also accurately match the local '2030 Vision' zero-carbon development needs." This statement is in the context of a 2.1 billion yuan order, which will soon deliver 7,500 high-end customized intelligent heavy trucks to the Saudi Arabia and Qatar markets. According to public information, CIDI's Middle East business focuses on Saudi Arabia and extends to countries such as Qatar and the UAE, focusing on four major scenes: commercial vehicle autonomous driving, intelligent transportation, intelligent mining, and smart environmental sanitation. According to CIDI's prospectus, the company plans to use the funds raised from the listing for research and development in the next 5 years; to improve commercialization capabilities domestically and internationally and further strengthen cooperation with domestic and global clients; and to potentially invest in and acquire opportunities to further integrate the industry chain upstream and downstream resources.