Shanghai Dazhong Public Utilities (01635) subsidiary Dazhong Transportation A-shares hit the limit up in the afternoon again. Dazhong Public Utilities H-shares rose more than 15% in the afternoon, and as of the press release, it rose 8.59% to HKD 1.77 with a turnover of HKD 0.311 billion.
According to Futu Securities News, Shanghai Dazhong Public Utilities (01635) subsidiary Dazhong Transportation A-shares hit the limit up again in the afternoon. Dazhong Public Utilities H-shares rose more than 15% in the afternoon, and as of the press release, it rose 8.59% to HKD 1.77 with a turnover of HKD 0.311 billion.
On the news front, Shanghai Dazhong Public Utilities announced that it recently reported on the concept of intelligent connected cars. The main reason is that the company holds a 26.87% stake in Dazhong Transportation, which is engaged in urban transportation services and other businesses. At present, Dazhong Public Utilities mainly operates gas and sewerage treatment businesses, and calculates the equity investment in Dazhong Transportation according to the equity method. The relevant matters will not have a direct impact on the company's performance.
It is reported that Dazhong Transportation announced that "the recently popular intelligent connected car is still in the experimental stage and does not generate any revenue for the company. The future development trend of the business is still uncertain and it will not have a significant impact on the company's business operations in the short term."