CAOCAO INC (02643) surged over 9%, reaching a new listing high of HK$77.95. As of press time, the stock was up 8.94% at HK$77.4 with a trading volume of HK$56.7683 million.

On the news front, several ride-hailing platforms recently announced commission rate cuts. Didi Chuxing and T3 Chuxing both lowered their maximum commission rates to 27%, while CAOCAO INC reduced its rate to 22.5%.

Minsheng Securities believes that the announcement of lower fee levels by major industry platforms will enhance the stability and sustainability of driver supply. In the long term, this will lead to a more stable market structure for ride-hailing platforms. The firm considers that leading platforms in the industry will benefit from healthy industry development in the medium to long term. It highlights CAOCAO INC as a platform company with diversified operations, deeply supported by Geely Group's ecosystem. The company combines technological and manufacturing advantages to build China's first self-developed closed-loop ecosystem of "customized vehicles + intelligent driving + mobility platform" for Robotaxi services.

The Hang Seng Index Company will release its mid-year review results today, with related changes to be implemented after market close on September 5 and effective from September 8. According to Huatai Securities' forecast, CAOCAO INC is expected to be included in the Stock Connect scheme in September.

Additionally, the company plans to hold a board meeting on August 26 to approve its interim results.

Shenwan Hongyuan points out that CAOCAO INC has differentiated advantages in customized operations, cost control, and technology ecosystem. The company's path to profitability is clear, with its Robotaxi business contributing high growth potential and option-like characteristics. The potential profit elasticity deserves attention.