Hong Kong Stock Alert | ZMJ (00564) Surges Over 7% to New High as Company Partners with Huawei, Lenovo and Others to Drive Industrial Intelligence Development

Stock News
09/19

ZMJ (00564) jumped over 7%, reaching a new listing high of HK$23.14. As of press time, the stock was up 7.16% at HK$23.06, with trading volume of HK$83.67 million.

On the news front, according to the "Huawei Intelligent Mining and Oil & Gas" WeChat official account, on September 17, Huawei Technologies Co., Ltd. signed a cooperation agreement with the newly renamed ZMJ Group (formerly Zhengzhou Coal Mining Machinery Group). Under the cooperation agreement, both parties will focus on four core areas: AI-based mining digital operation and decision-making solutions, industrial application scenarios, specific project-level cooperation, and joint talent development programs.

Specifically, on September 17, ZMJ Group held its strategic transformation ceremony, new product and technology launch, and renaming unveiling ceremony in Zhengzhou. At the unveiling ceremony, ZMJ signed cooperation agreements with renowned industry enterprises including Huawei, Lenovo, SAP, Deloitte, and Hanbo Semiconductor to jointly promote industrial intelligence development.

Meanwhile, the group's coal machinery division released eight major smart mining innovative technologies and products, including ten types of mining operation robots, electric supports, normal water supports, surface mining fully continuous equipment, and other cutting-edge technologies.

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