China Vered Finance (00245) saw its stock price soaring by 12.75% in intraday trading, reflecting investor enthusiasm over the company's recent financial performance and strategic moves. The significant uptick comes on the heels of the company's release of its interim results and announcement of a major acquisition in the clean energy commercial vehicle sector.

The company's financial results for the first half of 2025 have impressed the market. China Vered Finance reported a total revenue of HK$78.846 million, marking a substantial 54.44% year-on-year increase. More notably, the company swung from a loss to a profit, with profit attributable to owners reaching HK$743 million, compared to a loss of HK$20.781 million in the same period last year. This turnaround in profitability appears to be a key driver behind the stock's surge.

Adding to investor optimism is China Vered Finance's strategic expansion into the new energy commercial vehicle market. The company recently announced plans to acquire a significant stake in Wisdom Moon (BVI) Limited, which has investments in the growing clean energy vehicle sector. This move positions China Vered Finance to capitalize on the increasing adoption of battery-powered and fuel cell electric vehicles, particularly in the medium and heavy-duty commercial vehicle segments.