Suteng Juchuang (02498) surged more than 22%. As of press release, it rose 22.55% to HK$74.45, with a turnover of HK$2,632,700.
The Zhitong Finance App learned that Suteng Juchuang (02498) surged more than 22%. As of press release, it had risen 22.55% to HK$74.45, with a turnover of HK$2,632,700.
According to the news, Sutengju Chuangfa announced that the company's total revenue for the first quarter of 2024 reached RMB 361 billion, up 149.1% year on year. Among them, ADAS lidar sales reached about 116,200 units, up 542.0% year on year, and overall gross margin further improved from 8.4% in the full year of 2023 to 12.3% in the first quarter of 2024. The adjusted net loss narrowed by 11.49% year on year, and the overall trend was positive.
Furthermore, Hang Seng Index recently announced the latest quarterly inspection results. Among them, Suteng Juchuang was included in the Hang Seng Composite Index. The changes will take effect on June 11. According to information, being selected as a constituent stock of the Hang Seng Composite Index indicates that Sagiteng Juchuang has met the eligibility requirements for inclusion in the Hong Kong Stock Connect. It is expected that the future will have a positive impact on the company's stock liquidity and attract more capital inflows.