HK Stock Market Move | KEYTOP PARKING (02272) saw its end-of-day surging over 10% after being included in the Hong Kong Stock Connect, unlocking access to the mainland market for this leading smart parking company.

KEYTOP PARKING (02272) rose sharply today, with the increase expanding to over 10% towards the market close. As of this writing, it is up 9.6%, trading at HKD 90.8, with a transaction volume of approximately HKD 8.1918 million. In terms of news, starting from September 7, KEYTOP PARKING has officially been added to the list of eligible securities for Stock Connect. This means that mainland investors can now directly buy and sell KEYTOP PARKING through the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect, officially unlocking southbound capital. In the first half of this year, the company generated revenue of RMB 334 million, with an adjusted net profit of RMB 28.667 million, and continued to increase its investment in parking lot operation. Looking ahead, KEYTOP PARKING will continue to deepen its parking lot operation business, expand the scale of its contracting operation model, and develop its online parking space rental platform, further unlocking the monetization potential of parking lot assets. The company will also continue to broaden its geographical coverage and accelerate the comprehensive deployment of AI-enabled solutions.