On June 29, Sigen New Energy rose 6.38% in regular trading, trading at 352.8 HKD/share, with turnover of approximately 58.67 million HKD.

On the news front, the company held its annual general meeting on the same day, approving multiple resolutions including a final dividend of RMB 23.46 per 10 shares for fiscal year 2025 and authorization to repurchase up to 10% of issued H shares, equivalent to approximately 14.18 million shares. The dividend is expected to be distributed on July 24.

Additionally, CLSA recently initiated coverage with an Outperform rating and a target price of 601 HKD, implying significant upside from current levels. The broker raised earnings forecasts for 2026-2028 by 4%/15%/5%, citing confidence in management execution in energy and AI expansion. The firm noted that while liquidity remains a concern distorting share price performance, fundamentals remain solid with full-year revenue and profit guidance maintained at RMB 20 billion and RMB 4.5-5.0 billion respectively.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)