Zhi Da Technology (02650) officially included in the Stock Connect today.

On April 9th, Shanghai ZhiDa Technology Development Co., Ltd. (02650) was officially included in the list of securities under the Stock Connect between Hong Kong and mainland China, known as the "Connect Stock". This will take effect from the next trading day for Connect Stock on April 10th. As a constituent stock of the Hang Seng Composite Index, ZhiDa Technology's inclusion in the Connect Stock will provide mainland investors with a direct channel for investment, potentially bringing significant liquidity dividends and valuation revaluation opportunities. It is worth noting that ZhiDa Technology's path to inclusion in the Connect Stock experienced an unexpected delay. As early as February 13th, the quarterly review results announced by Hang Seng Index Company had already included ZhiDa Technology in the Hang Seng Composite Index, and the market generally expected it to enter the Connect Stock on March 9th along with the index adjustment. However, due to the company being in a critical technical process of splitting its shares 1 to 5 - involving parallel buying and selling, changing old and new codes, and temporary code trading to ensure the stability of the settlement system and the accuracy of data clearing, the arrangement for ZhiDa Technology's inclusion in the Connect Stock was postponed to April 10th. This delay may seem to temporarily block the "buying power" of mainland funds, but it actually transforms the realization of the single time-point advantage into a time window of structural optimization, providing several unique advantages: First, the advantage is "extended", providing a more relaxed and gradual window for continuous awareness and gradual configuration for southbound funds. Compared to the short-term speculative pressure brought by a one-time concentrated realization, the delay in inclusion allows more institutional and individual investors time to research the company's fundamentals and evaluate its growth prospects, forming a more sustainable rhythm of fund inflows. Second, the inclusion in Connect Stock combined with the share split effect achieves a dual resonance in liquidity improvement. After the share split officially took effect on March 3rd, the stock price decreased and the trading threshold per lot significantly decreased, making it significantly easier for retail investors to build positions. Share splits have been proven to have positive effects on liquidity in both the Hong Kong and US stock markets, and the delayed inclusion in Connect Stock will combine the "share split liquidity enhancement" and "southbound fund entry" advantages to release more complete and lasting liquidity improvement. Third, the delay in realizing the advantage provides a higher safety margin for medium to long-term value investors. The market's expectation of a "first-day surge upon inclusion" has been postponed, avoiding severe price volatility after a concentrated release of short-term emotions, allowing investment decisions to be more focused on the company's fundamentals - such as revenue breaking 700 million, overseas revenue exceeding one billion, explosive growth in charging Siasun Robot & Automation engines, etc. In 2025, ZhiDa Technology delivered its first impressive performance since its listing, achieving milestone breakthroughs in several core indicators. The total annual revenue is approximately 716.5 million yuan, a year-on-year increase of 20.7%, surpassing the 700 million yuan mark for the first time; the year-on-year loss narrowed significantly by 30.5% to 163.8 million yuan, indicating a significant improvement in profitability. The total number of charging stations delivered throughout the year reached approximately 619,500 units, a year-on-year surge of 76.4%. At the same time, overseas business has become the largest growth engine, with approximately 102,500 charging stations exported throughout the year, a year-on-year increase of 79.6%, covering 23 countries globally. Innovative products with high gross margins also performed impressively, with revenue related to electric vehicle charging Siasun Robot & Automation growing by 88.83% year-on-year, successfully deployed in various scenarios such as automotive manufacturers, smart driving companies, and energy companies. The triple resonance of inclusion in Connect Stock, share split, and performance growth, it is expected that ZhiDa Technology will accelerate the start of a new round of value revaluation.