CIDI-NEW Shares Surge Over 50% to Record High on Strong Commercial Deployment

Stock News
04/14

CIDI-NEW (03881) saw its shares climb as much as nearly 52% during the afternoon session, reaching a record high of HK$40.88. At the time of writing, the stock was up 43.54%, trading at HK$38.64 with a turnover of HK$536 million. The surge follows the company's inclusion in the Hong Kong Stock Connect program starting April 9, which is expected to enhance both its valuation and market liquidity. Furthermore, CIDI-NEW's 2025 financial results revealed a significant revenue increase to RMB 885 million, up 115.8% year-on-year, while gross profit rose 86.7% to RMB 189 million. The company also reported a substantial delivery of 630 autonomous mining truck solutions in 2025, marking a 317.22% growth compared to 2024. By February 2026, the cumulative deployment of its unmanned mining trucks had exceeded 1,500 units, indicating a phase of scaled commercial implementation. Everbright Securities noted that the accelerated large-scale commercialization of CIDI-NEW's unmanned mining trucks, along with expanded applications across multiple scenarios, opens up considerable growth potential. The brokerage maintains a "Buy" rating, expressing optimism that the expansion in commercial scale will drive profit improvements.

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