HK Stock Market Move | NEXTEER (01316) rises more than 3%, the company's operating performance in 25H2 is expected to be more stable. The optimization and restructuring of North American facilities have achieved preliminary results.

NEXTEER (01316) rose more than 3%, with a 3.17% increase as of the time of writing, at 7.16 Hong Kong dollars, with a trading volume of 15.8372 million Hong Kong dollars. On the news front, a report from China International Capital Corporation indicates that driven by increased demand in the North American and European markets, exchange rate factors, and stable contributions from the Chinese market, NEXTEER's operational performance in the second half of last year is expected to be steady. Revenue is expected to grow by 7% annually to reach 2.3 billion US dollars, reaching a new high for the half-year period, while net profit is estimated to exceed 70 million US dollars, continuing the profit recovery momentum since 2024. The bank believes that NEXTEER's optimization and restructuring of its North American facilities have achieved preliminary results. The new national standard for automotive steering systems will be implemented starting in July of this year, eliminating mandatory mechanical connection requirements. This is expected to help clear key regulatory obstacles and accelerate the application of steer-by-wire technology, driving revenue growth for NEXTEER in its steer-by-wire business.