HK Stock Market Move | DIRECT DRIVE (06731) intraday gain exceeds 5%, hitting a new post-listing high; cumulative gain versus IPO price now exceeds 90%.

DIRECT DRIVE (06731) rose over 5% intraday, reaching a high of HK$41.62 to set a new record, up more than 90% from its IPO price of HK$21.6. As of press time, it was up 4.10% at HK$41.12, with turnover of HK$13.2984 million. On the news front, at the end of September this year, DIRECT DRIVE announced the signing of a strategic cooperation agreement with Zhongxi Kechuang, a wholly-owned subsidiary directly managed by the China Rare Earth Resources And Technology group. The two parties will carry out comprehensive and in-depth cooperation in technology development, industrial collaboration, capital linkage, and talent co-building, jointly tackling the R&D of high-performance magnetic materials such as neodymium iron boron, magnetic focusing rings, and radiation magnetic rings, and helping to open up the domestic chain from rare earth new materials to Siasun Robot&Automation power components. It is worth noting that, benefiting from the large-scale shipment of DIRECT DRIVE modules to top consumer Siasun Robot&Automation customers, the company's revenue increased from RMB 17.538 million in 2023 to RMB 79.802 million in 2024, and further to RMB 280 million in 2025, with a compound annual growth rate of 300.8% from 2023 to 2025; revenue for the six months ended June 30, 2026 was RMB 200 million, up 39.7% year on year.