MINIEYE (02431) saw its shares rise more than 5% in the afternoon session. At the time of writing, the stock was up 3.54% to HK$10.24, with a turnover of HK$59.22 million.

The movement follows the company's announcement that on May 29, 2026, it intends to acquire a 50% equity stake in Xi'an Tongtu Technology Co., Ltd. from ZTO Express for a total consideration of RMB 25 million. The payment will consist of RMB 5 million in cash and RMB 20 million to be settled through the issuance of new shares at HK$9.81 per H-share.

The target company is primarily engaged in the operation of intelligent unmanned vehicles, unmanned aerial vehicle services, geographic information services, and logistics technology services.

This proposed acquisition is expected to facilitate a deep integration of smart logistics and autonomous driving technologies, bringing significant benefits to the group.

From an industry perspective, the strategic collaboration between MINIEYE and ZTO Express is set to create a new benchmark for the commercialization of Robovan solutions. Their integrated ecosystem combining technology, application scenarios, and operations establishes a closed-loop model.

For MINIEYE, this partnership provides high certainty for future order volumes and deployment scale. Leveraging ZTO's real-world logistics demand, the unmanned vehicles will be deployed to meet existing operational needs rather than being developed without a clear use case. This model mitigates early-market uncertainties and solidifies the foundation for MINIEYE's medium to long-term earnings growth.