Movement Alert｜ZHIDA TECH Rises 9.41% in Regular Trading, Saudi CEER Exclusive Supply Deal and Share Placement Drive Gains

Market Focus

6 hours ago

On October 8, ZHIDA TECH rose 9.41% in regular trading, trading at HK$7.05/share, with turnover of HK$35.30 million.

The latest driver is the company's selection as the exclusive supplier of charging products for CEER, Saudi Arabia's first domestic automotive brand, covering portable charging devices, AC/DC charging piles, and related cables, with an estimated procurement scale exceeding RMB 700 million over the next five years.

Additionally, ZHIDA TECH completed a placement of approximately HK$203 million, with proceeds earmarked for public charging infrastructure acquisitions, robotics investment, and new energy management facilities. The company focuses on smart home EV chargers and strategically upgraded to AI-driven energy and robotics integrated services, strengthening its growth outlook.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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