HK Stock Market Move | NASN TECH (02261) rises nearly 3%, with first-half revenue and gross profit both up over 30%, and significant application potential remaining for drive-by-wire solutions.

NASN TECH (02261) rose nearly 3%, up 1.67% as of press time, at HK$17.09, with a turnover of HK$6.9493 million. On the news front, NASN TECH recently disclosed its 2026 interim results. During the reporting period, the company achieved operating revenue of RMB368.3 million, up 36.8% year-on-year; gross profit of RMB49.258 million, up 38.7% year-on-year. In the first half of the year, NASN TECH added 25 new designated vehicle models and 15 new mass-produced vehicle models. As of the first half of 2026, the company had cumulatively covered 142 vehicle models through designations and 80 vehicle models through mass production, with its product application scope continuing to expand. According to industry forecasts disclosed by the company, the market size of China's drive-by-wire solutions is expected to grow from RMB97.1 billion in 2025 to RMB244.7 billion in 2030, with a compound annual growth rate of approximately 20.3%. This market expectation provides development space for relevant suppliers, while whether enterprises can translate their technological layout into sustained delivery still depends on the implementation of specific projects.