HK Stock Market Move | ZHONGSHENG HLDG (00881) surges nearly 10%, company continues to advance new energy layout, Askjei sales accounting for 8.2% of total sales.

Zhongsheng Holdings (00881) rose nearly 10%, and as of the time of writing, it rose by 8.07% to 8.57 Hong Kong dollars, with a turnover of 56.9873 million Hong Kong dollars. On the news front, Zhongsheng Holdings' annual financial report shows that the annual sales volume of new cars was 497,300, a year-on-year increase of 2.5%; among them, the sales volume of luxury brands was 311,400, a year-on-year increase of 6.2%, and the sales volume ratio increased to 62.6%. The sales volume of new energy brands reached 8.2%, effectively offsetting the decline in sales of traditional fuel vehicles. According to the annual report, the company will accelerate embracing the development opportunities of the new energy industry. Based on the successful operation experience of the Wenjie brand, it will further layout the Huawei ecological automobile brand and expand strategic cooperation with the Geely Group, with the goal of achieving a multiple increase in the number of new energy stores by the end of 2026.