Zyxin Automobile Technology (01274) rose over 6%, as of the time of publication, up 6.56%, at HKD 27.6, with a turnover of 4.4344 million Hong Kong dollars.
According to the Wise Finance APP, Zyxin Automobile Technology (01274) rose over 6%, as of the time of publication, up 6.56%, at HKD 27.6, with a turnover of 4.4344 million Hong Kong dollars.
On the news front, Zyxin Automobile Technology recently released its performance for the first half of 2024, with revenue of 0.636 billion yuan, a year-on-year increase of 17.11%; gross profit of 0.045 billion yuan, a year-on-year increase of 9.29%. Thanks to the increasing number of customer car models equipped with the company's autonomous driving solutions and products entering the mass production and delivery stage, the company delivered over 0.096 million sets of autonomous driving solutions and products to customers during the period, a year-on-year increase of 92.9%.
In addition, on August 12, the company announced its intention to exercise the share repurchase authorization, planning to use up to 0.1 billion yuan in RMB to repurchase the company's H shares on the open market to stabilize market volatility. On August 16, the Hang Seng Index quarterly review results were announced, and the company was included in multiple Hang Seng Index series constituents, effective from September 9, 2024. This means that the company will see an inflow of southbound Hong Kong Stock Connect funds, which is expected to bring about fundamental changes in its liquidity.