HK Stock Market Move | Zhejiang Shibao (01057) rose over 8%, with a 11.48% year-on-year increase in net profit for the first half of the year. The smart driving sector welcomes a catalyst.

Zhejiang Shibao (01057) rose over 8%, currently up 8.11%, priced at HKD 4.065, with a transaction volume of HKD 42.6393 million. On the news front, Zhejiang Shibao announced its interim performance for 2026, with operating revenue of RMB 1.721 billion, an increase of 12.9% year-on-year; net profit attributable to shareholders of the listed company was RMB 104 million, up 11.48% year-on-year. During the reporting period, benefiting from the continuous improvement in the competitiveness of the company's electrification and intelligent steering system products, the increasingly rich product line, and the company's long-term commitment to the automotive industry's first-tier supporting business, the company has accumulated a wealth of quality customer resources, maintaining growth in sales to major clients. It is worth mentioning that the field of intelligent driving has reached a catalyst stage. According to reports, Tesla has informed employees that preparations are underway for the public launch of the Cybercab. This is Tesla's first model without a steering wheel and brake pedal. Reports indicate that Tesla plans to launch the Cybercab to the public in Austin, Texas, potentially as soon as this month.