On July 8, Zhida Technology (02650.HK) rose 8.32% in regular trading, trading at HKD 30.16/share, with turnover of HKD 187 million, extending its recent strong momentum.

On the news front, the company recently established the worlds first annual 10,000-unit-capacity dedicated production base for automatic charging robots in Ningbo, marking the sectors official entry into the mass manufacturing stage. The company has launched three core products: the snake-shaped SmartLink auto-charging robot, the Pioneer Robot home charging robot, and the LingXiang unmanned public charging robot. Robot segment revenue surged 88.83% year-over-year, making it the companys fastest-growing business line.

Additionally, the company completed a placement of approximately 19.13 million shares on June 30 at HKD 10.98 per share, raising net proceeds of approximately HKD 206 million for R&D and overseas expansion. Its Thailand subsidiary recorded a 71.3% year-over-year increase in charging pile sales from January to April, with overseas product average selling prices exceeding domestic levels, reinforcing the improving fundamental outlook.

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