XXF-NEW (02473) Surges Over 4% Again Following Inclusion in Hang Seng Composite Index, First-Half Automotive Direct Retail Business Shows Strong Growth

Stock News
08/26

XXF-NEW (02473) rose over 4% again, gaining 3.97% to HK$8.38 with trading volume of HK$13.1435 million as of press time.

On the news front, Hang Seng Indexes Company announced on August 22 the results of its quarterly review of the Hang Seng Index Series as of June 30, 2025. XXF-NEW (02473) has been included in the Hang Seng Composite Index, with the changes to be implemented after market close on Friday, September 5, and take effect from Monday, September 8. Accordingly, the Shanghai and Shenzhen stock exchanges will adjust the scope of eligible stocks under the Stock Connect scheme.

According to a research report by Huatai Securities, XXF-NEW may be added to the Stock Connect program as it meets a series of criteria including market capitalization, liquidity, and listing duration requirements.

Recently, XXF-NEW released its interim results for the six months ended June 30, 2025, reporting revenue of RMB769 million, up 16.78% year-on-year; profit attributable to shareholders of RMB22.486 million, up 14.23% year-on-year; and basic earnings per share of RMB1.45 cents.

The announcement stated that the revenue increase was mainly due to the high year-on-year growth in the group's automotive direct retail business during the reporting period, as well as increased sales performance from further expansion of its self-operated sales network and strengthened sales capability development.

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