HK Stock Market Move | Zhejiang Shibao (01057) rose nearly 7%. The smart driving sector is seeing intense catalysis, and the company reported increases in both revenue and net profit in the first half of the year.

Zhejiang Shibao (01057) rose by nearly 7%, with the company's A shares hitting the upper limit today. As of the time of writing, it has increased by 6.82% to HKD 4.23, with a transaction volume of HKD 122 million. In terms of news, Zhejiang Shibao achieved operating revenue of RMB 1.721 billion in the first half of this year, an increase of 12.9% year-on-year; the net profit attributable to shareholders of the listed company was RMB 104 million, an increase of 11.48% year-on-year. During the reporting period, the company benefited from the continuous improvement in the competitiveness of its electrified and intelligent steering system products, an increasingly rich product line, and the accumulation of a wealth of quality customer resources through its long-term commitment to first-tier automotive supply chain businesses, resulting in sustained sales growth to major customers. Recently, there has been intense catalysis in the field of intelligent driving. Didi Autonomous Driving has officially launched unmanned passenger testing services for its new generation Robotaxi R2, allowing users to experience intelligent transportation services in certain demonstration areas in Beijing and Guangzhou. In addition, Tesla will unveil its unmanned driving model, the Cybercab, which has no steering wheel or pedals, in Austin on September 3 local time.