HK Stock Market Move | NEXTEER (01316) rises over 4% again, with a year-on-year increase of over 35% in net profit for the first half of the year, and new orders doubling compared to last year.

NEXTEER (01316) rose over 4% again, and as of the time of writing, it was up 3.93%, priced at HKD 5.155, with a trading volume of HKD 86.5498 million. In terms of news, NEXTEER recently released its performance report, stating that in the first half of 2026, the company achieved a revenue of USD 2.242 billion, a year-on-year increase of 3.9%; the net profit attributable to the parent company was USD 86 million, a year-on-year increase of 35.2%. The company generated free cash flow of USD 109 million, significantly up from USD 37 million in the same period last year. During the period, the company secured orders worth USD 3.3 billion and expects total orders for the year to reach USD 6 billion, compared to USD 1.5 billion in orders obtained in the first half of last year and a total of USD 4.9 billion for the entire year, showing substantial improvement. Cathay Haitong released a research report stating that NEXTEERs commercialization of steer-by-wire is accelerating. In the first half of 2026, two new steer-by-wire projects entered mass production, and another Chinese OEM was secured for steer-by-wire projects. As of the publication of the interim report for 2026, the company had a total of eight steer-by-wire customers, of which seven have locked in mass production projects.