On July 7, Zhida Technology rose 7.16% in regular trading, trading at HK$28.0/share, with turnover of HK$68.12 million, extending recent strong momentum.

On the news front, the company announced that the worlds first annual 10,000-unit dedicated production base for automatic charging robots has been established in Ningbo, effectively addressing industry-wide capacity bottleneck issues. The company has launched three core charging robot products — the snake-shaped SmartLink, the household Pioneer Robot, and the unmanned public charging robot Lingxiang — with charging robots now its fastest-growing business line. Additionally, its wholly-owned subsidiary Shanghai Zhida Robot Technology formally settled in Zhangjiang on June 16 and joined the Robot Valley Ecosystem Alliance, focusing on R&D and scenario-based applications for automatic charging robots.

Further catalysts include higher average selling prices for overseas products, Thailand subsidiary sales surging 71.3% year-over-year, and a strategic partnership with Breton Technology for overseas market expansion. The company also completed a share placement raising approximately HK$206 million net proceeds for product R&D and overseas development.

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