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Youjia Innovation surged after the lock-up period expired, with the company being included in the Hang Seng Stock Connect Electronics Theme Index. The unmanned logistics vehicle industry is expected to enter a period of rapid growth.

Zhitong Finance ·  Dec 29 10:38

Today, $MINIEYE (02431.HK)$ The stock price surged nearly 17% in the early trading session. As of press time, it rose by 16.81%, reaching HKD 14.59, with a turnover of HKD 1.66 billion.

In terms of market developments, Hang Seng Indexes Company officially launched the 'Hang Seng Hong Kong Stock Connect Electronics Theme Index' on December 18. This index precisely focuses on high-quality electronics companies within the scope of Stock Connect. As a leading provider of intelligent driving and smart cockpit solutions in China, Youjia Innovation has been selected as a constituent stock of the index thanks to its solid business capabilities and forward-looking strategic layout. Additionally, the lock-up period for Youjia Innovation's shareholders officially ended on December 27. After excluding the concert party group and employee asset management plans, the total number of shares released from lock-up will reach 220 million, accounting for 51% of the company’s total share capital.

Notably, the first batch of L3-level autonomous vehicles in China has started large-scale road operations. In a recent interview with China Securities Journal, Liu Guoqing, Chairman of Youjia Innovation, stated that market demand and recognition for unmanned logistics vehicles continue to rise. The company is optimistic about the development prospects of unmanned logistics vehicles, which are expected to enter a growth phase soon. Looking ahead to the '15th Five-Year Plan', Youjia Innovation noted that it will continue to iterate its technology, expand application boundaries, and collaborate with more ecosystem partners to promote the deep implementation of autonomous driving technology.

Editor/KOKO

The translation is provided by third-party software.


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