HK Stock Market Move | BAIC MOTOR (01958) rose over 9% at one point this morning as expectations for auto industry consolidation heat up; the company turned from profit to loss year-on-year in the first half.

BAIC MOTOR (01958) rose over 9% at one point this morning, and as of press time, was up 6.43% at HK$0.745, with a turnover of HK$4.7188 million. On the news front, the Ministry of Industry and Information Technology and eight other departments issued the "15th Five-Year Plan" for the development of the intelligent connected new energy vehicle industry, with "capacity warning and regulation" written into an industry five-year plan for the first time; in addition, Shao Ji, deputy director of the Industrial Development Department of the National Development and Reform Commission, made clear that it will fully support large enterprise groups in the industry to deepen reform. Subsequently, it will rely on market-oriented and law-based approaches to promote mergers and acquisitions among automobile industry enterprises, help leading enterprises in the industry integrate core resources such as R&D and production, and eliminate homogeneous low-price competition in areas such as product design and technology R&D within the industry. In the first half of this year, BAIC MOTOR recorded revenue of RMB 57.726 billion, a year-on-year decrease of 29.94%; loss attributable to owners of the parent company was RMB 1.594 billion, turning from profit to loss year-on-year. The company pointed out that due to fierce competition in the domestic automobile industry in the first half of 2026, the company's sales fell short of expectations, combined with factors such as rising raw material prices and increased market investment, which together resulted in the net loss attributable to equity holders of the company.