HK Stock Market Move | NEW GONOW RV (00805) surged nearly 15% in late trading as ten government departments jointly introduced measures to boost RV consumption; the company maintains a leading market share in New Zealand and Australia.

NEW GONOW RV (00805) rose nearly 15% in late trading. As of press time, it was up 14.49% at HK$10.39, with a turnover of HK$27.2066 million. On the news front, on September 18, the General Office of the State Council forwarded the "Several Measures on Promoting RV Consumption" issued by ten departments including the Ministry of Culture and Tourism, systematically clearing bottlenecks in RV consumption across seven areas: improving the quality of RV supply, optimizing RV registration and scrapping management, ensuring RV passage and parking, strengthening RV campsite construction, enhancing RV tourism product supply, improving RV rental services, and increasing financial support. This is another policy "big gift package" for the RV industry at the national level, following the issuance of the "Notice on Several Measures for Cultivating and Expanding Automobile Aftermarket Consumption" by nine departments including the Ministry of Commerce in June this year. As the first RV company listed on the Hong Kong stock market in China, NEW GONOW RV relies on the efficient synergy between its intelligent manufacturing base in Tongxiang, Zhejiang, and its assembly base in Melbourne, Australia, to continuously deepen its presence in mature overseas markets. Its towable RV export business firmly holds a leading market share in the Australia region. New Gonow believes that the introduction of this new policy marks the RV industry's official transition from a "policy cultivation period" into a "consumption activation period."