New stock news | Ground Express Table Hong Kong Exchange AI+ digitalization to create a one-stop solution for new energy vehicles.

According to the disclosure by the Hong Kong Stock Exchange on May 29, Di Shang Tie Green Technology (Shenzhen) Co., Ltd. (referred to as "Di Shang Tie") submitted its listing application to the main board of the Hong Kong Stock Exchange, with CICC and Citigroup as its joint sponsors. The prospectus shows that Di Shang Tie is a leading provider of smart operational solutions for new energy logistics vehicles in China. With data-driven digital infrastructure and a nationwide service network, the company provides one-stop solutions throughout the lifecycle of new energy vehicles, including new energy vehicle management services, new energy vehicle leasing, and new energy vehicle sales. According to Frost & Sullivan data, based on the size of the managed fleet, network coverage as of December 31, 2025, and revenue for the year ended December 31, 2025, the company ranks first in the new energy logistics vehicle operational management industry, managing 224,546 new energy logistics vehicles, accounting for approximately 15.6% of all new energy logistics vehicles in China. The company has built a comprehensive service model called "Fleet Management as a Service (FMaaS)," which includes new energy vehicle management services (including digital fleet management, safety and risk management, charging and battery swapping services, maintenance and repair, and residual value management), new energy vehicle leasing, and new energy vehicle sales. The company's products and services are modular and configurable to meet specific operational needs of customers, enabling them to operate their fleets more efficiently, reduce costs, and focus on their core business. Under the FMaaS model, the company not only provides full lifecycle management services for their owned new energy vehicles but also extends these services to third-party owned new energy vehicles. By establishing a nationwide intelligent service network combining offline fulfillment and service capabilities, the company covers all 333 prefecture-level cities in China, including 419 fulfillment centers, 2,827 maintenance and repair centers, and over 2.8 million charging and battery swapping facilities. It ranks first in the logistics vehicle management industry in Shanxi Guoxin Energy Corporation. In terms of new energy logistics vehicle fleets, the company mainly manages fleets of manually driven new energy logistics vehicles, which are the foundation of the company's revenue. These vehicles range from micro-trucks, light trucks to medium and small vans, large vans, and extra-large vans. They can meet various urban and short-haul logistics scenarios, including express delivery, less-than-truckload shipping, cold chain logistics, and instant delivery. In addition to manually driven new energy vehicles, the company is also developing autonomous driving logistics capabilities. The company has established strategic partnerships with OEMs and autonomous driving technology companies and has introduced the autonomous driving vehicle DST TC50 designed specifically for logistics. As of now, the company has deployed 474 L4 level autonomous vehicles in concept verification pilot projects in various practical logistics scenarios. In the financial years 2023, 2024, and 2025, the company achieved revenues of approximately RMB 2.35 billion, RMB 3.216 billion, and RMB 4.139 billion respectively; during the same period, the gross profit was approximately RMB 402 million, RMB 652 million, and RMB 871 million respectively.