Geelong September 2nd | Dida Trip (2559.HK) rose sharply today, surging more than 50% at one point, and is now trading at HKD 2.19 with a total market value of HKD 2.18 billion. The company announced after market close last Friday that its total revenue for the first half of the year was CNY 0.404 billion, a year-on-year increase of 2%; the adjusted net profit reached CNY 0.13 billion, a year-on-year increase of 51.3%. The announcement stated that, thanks to the support of a lightweight asset model, it is believed that the company can continue to maintain a strong and sustainable profitability. In addition, Dida Trip's gross profit and gross margin for the first half of the year reached CNY 0.296 billion and 73.3%, respectively, consistently maintaining a high gross margin above the industry average. As of June 30, 2024, Dida Trip has registered users of 0.368 billion and provides ride-hailing services in 366 cities nationwide, with a total of 17.7 million certified private car owners, a year-on-year increase of 17%.