WING LEE DEV (09639) surged over 5%, reaching HK$1.24 by the time of writing, with a trading volume of HK$4.39 million. The uptick follows the company's announcement in October that its wholly-owned subsidiary, WING LEE New Energy Limited, secured a contract for the concrete batching plant project at the Tuen Mun Lam Tei Quarry, alongside multiple new energy equipment sales agreements totaling over HK$150 million. Industry experts anticipate stable and sustained revenue growth from the company's new energy-related operations in the second half of the year, driven by its rapidly expanding order backlog, which is expected to become a key growth driver for WING LEE DEV.

In recent years, WING LEE DEV has actively diversified into the new energy sector, undertaking solar photovoltaic projects, distributing various commercial electric vehicles and construction machinery, and engaging in charging pile installation, maintenance, charging and battery-swapping services, as well as recycling and energy storage businesses. In May, the company partnered with industry leaders such as Sany Group and CATL to establish the Hong Kong Zero-Carbon Smart Alliance, aiming to develop integrated solutions spanning "solar power, storage, charging, swapping, and recycling."