Keytop Parking (02272) Joins Stock Connect, Opening Doors for Mainland Investors

Stock News
Sep 04

Shanghai Stock Exchange announced on Friday after market close that Keytop Parking (02272) has been officially added to the list of eligible securities under the Stock Connect program. The inclusion takes effect on Monday, September 7, in accordance with the relevant regulations of the Shanghai-Hong Kong Stock Connect. This development allows investors from mainland China to directly trade shares of Keytop Parking through the cross-border channel, thereby unlocking access to southbound capital flows.

In the first half of this year, Keytop Parking reported revenue of RMB 334 million, with adjusted net profit of RMB 28.667 million. Profit attributable to equity shareholders reached RMB 25.178 million, translating to earnings per share of RMB 0.28. The company has consistently increased its investment in the parking lot operations business. By delivering optimized operational solutions to parking asset owners and operators, while enhancing the monetization potential of these assets, the company has deepened its participation across the parking industry value chain.

Looking ahead, Keytop Parking plans to further expand its parking operations, scale up its contract operation model, and grow its online parking space rental platform, all aimed at unlocking greater value from parking assets. The company also intends to broaden its geographic footprint, strengthen penetration in core domestic markets, and explore growth opportunities in emerging overseas markets. Meanwhile, it will sustain research and development spending and accelerate the full-scale deployment of AI-powered solutions.

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