Xiangfeng Group (02473) rose nearly 9% during trading, reaching a high of HKD 9.36, setting a new record since its listing. As of the time of publication, it has increased by 5.47%, priced at HKD 9.07, with a transaction volume of HKD 102 million.
According to the Zhitong Finance APP, Xixiangfeng Group (02473) rose nearly 9% during the trading session, reaching a high of HKD 9.36, setting a new record since its listing. As of the time of publication, it has increased by 5.47%, priced at HKD 9.07, with a trading volume of HKD 102 million.
On September 5, a delegation led by Zhang Chongqi, Vice President and General Manager of the Car Rental Division of Hello, visited Xixiangfeng Group and reached a strategic cooperation agreement with representatives including Ye Fuwei, Vice Chairman of Xixiangfeng Group. The two parties engaged in in-depth discussions regarding the establishment of co-branded stores, system integration, merchant resource consolidation, and operational efficiency enhancement, and completed the signing of the agreement. This collaboration is expected to further integrate offline vehicle resources with online platform traffic, enhance vehicle utilization rates, and expand user coverage, thereby strengthening Xixiangfeng’s overall solution capabilities in the automotive mobility sector.
Notably, on September 8, Xixiangfeng Group was officially included in the Hang Seng Composite Index and entered the list of eligible securities for the Stock Connect program. The company’s previously released interim results indicated that for the first half of the year, revenue was RMB 769 million, an increase of 16.78% year-on-year; the profit attributable to shareholders was RMB 22.486 million, an increase of 14.23% year-on-year; this revenue increase was primarily due to the significant year-on-year growth in the group’s direct retail automotive business and the further expansion of its self-operated sales network and enhancement of sales capabilities contributing to the increase in sales performance.
