The Zhitong Finance App learned that Yuanzheng Technology (02488) rose more than 6% at the end of the session. As of press release, it had risen 6.19% to HK$3.09, with a turnover of HK$6.819,500.

According to Northeast Securities, China had 20.41 million new energy vehicles at the end of 2023, and annual production and sales reached 9.587 million units and 9.495 million units, with year-on-year growth rates as high as 35.8% and 37.9%, respectively. The incremental penetration rate of new energy vehicles jumped to 31.6%. The “new four modernizations” of automobiles have become the mainstream of development in recent years, and the automotive aftermarket has ushered in new opportunities for development. The bank pointed out that looking at the entire NEV value chain, everything from user service to battery recycling belongs to the NEV aftermarket. The gradual increase in NEV penetration rate will bring huge opportunities to NEV aftermarket such as NEV insurance, charging piles, smart cockpits, smart parking, and used car transactions.

According to reports, Yuanzheng Technology is a global leader in automobile diagnosis. By the end of 2022, Yuanzheng Technology's annual number of active diagnostic equipment terminals had exceeded 1.08 million, monthly activity exceeded 800,000, and daily activity exceeded 250,000. The average number of diagnostic reports generated per day was nearly 800,000, and the number of historical diagnostic reports exceeded 1 billion.