XXF (02473) surged nearly 9% during intraday trading, reaching a high of HK$9.36 and setting a new listing high. As of press time, the stock was up 5.47% to HK$9.07 with a turnover of HK$102 million.
On the news front, on September 5, Zhang Chongqi, Vice President of Hellobike and General Manager of the Car Rental Business Division, led a delegation to visit XXF, reaching a strategic cooperation agreement with XXF Vice Chairman Ye Fuwei and other representatives. Both parties conducted in-depth discussions on joint store development, system integration, merchant resource consolidation, and operational efficiency improvement, and completed the signing ceremony. This cooperation will help further integrate offline vehicle resources with online platform traffic, improve vehicle utilization rates and user coverage, and strengthen XXF's comprehensive solution capabilities in the automotive mobility sector.
Notably, on September 8, XXF was officially included in the Hang Seng Composite Index and simultaneously entered the Hong Kong Stock Connect eligible securities list. The company's previously released interim results showed that first-half revenue reached RMB 769 million, an increase of 16.78% year-on-year; shareholders' attributable profit was RMB 22.486 million, up 14.23% year-on-year. The revenue increase was mainly due to higher year-on-year growth in the group's direct automotive retail business and increased sales performance from further expansion of the self-operated sales network and strengthened sales capacity building.