Positive news release: Tesla makes a big move! Hong Kong stock leader surges nearly 20%, top-performing concept stocks emerge

Hong Kong stocks Zhejiang Shibao surged nearly 20% on February 23.

Smart driving enters the new year rally!

On February 18, Tesla announced that its first Cybertruck rolled off the production line at the Texas Gigafactory in the United States.

It is reported that Tesla’s Cybertruck is the first operational vehicle designed specifically for Tesla’s autonomous taxi service (Robotaxi), with no steering wheel, no pedals, and no rearview mirrors. Elon Musk previously stated on February 16 local time that Cybertruck production would begin in April.

Tesla staff indicated that the price of Cybertruck should not exceed $30,000, with the primary use case being commercial ride-hailing, similar to a taxi. The estimated fare per ride is $0.2 per mile (about RMB 0.89 per kilometer).

Driven by this positive catalyst, Zhejiang Shibao (01057.HK), a provider of intelligent driving solutions, surged 19.97% on February 23, with the stock price reaching HKD 7.39, hitting a new high.

CITIC Construction Investment noted that Cybertruck is built specifically for autonomous driving, with no steering wheel or pedals, marking another step forward in the commercialization of Level 4 and above driverless taxis. Meanwhile, Tesla also launched the entry-level Cybertruck model, further expanding its electric pickup truck product line, which is expected to boost a new wave of electric vehicle consumer demand.

Orient Securities research report states that the production growth of Cybertruck will follow an S-curve, with long-term target output expected to far exceed the total of all other Tesla models. Supporting auto parts companies are expected to continue to benefit from incremental opportunities.

21 Smart Driving Stocks Report Good Performance

As of February 23, 51 A-share stocks related to smart driving had released performance reports for 2025. Based on quick report data or median forecasts, 21 of these stocks had full-year net profits attributable to parent company exceeding RMB 100 million. Hikvision, SAIC Motor, and Great Wall Motors ranked top three, with net profits of RMB 14.188 billion, RMB 10 billion, and RMB 9.912 billion respectively; Dahua Technology and Top Group followed, with net profits over RMB 2.5 billion each.

Hikvision achieved revenue of RMB 92.518 billion in 2025, up 0.02%; net profit attributable to parent was RMB 14.188 billion, up 18.46%. According to the company’s official website, its advanced driver-assistance systems (ADAS) integrate active safety alerts, audio-video monitoring, driving recorders, and Beidou positioning, combining deep learning algorithms, H.264 video compression, Beidou satellite positioning, voice broadcast, and wireless networks, enabling functions such as active safety warnings, audio-video recording, vehicle information logging, and wireless uploading.

Great Wall Motors’ 2025 revenue reached RMB 222.79 billion, up 10.19%; net profit attributable to parent was RMB 9.912 billion, down 21.71%. During the reporting period, the company saw year-over-year growth in sales and revenue, while accelerating the development of new direct-to-user channels, launching new models and technologies, and enhancing brand image. Increased investment led to a decline in net profit.

Great Wall’s intelligent driving system is applied to various models, including WEY Blue Mountain Intelligent Driving Edition, Tank 300, Haval H5, and H6. The WEY Blue Mountain version is equipped with the Great Wall Intelligent Driving 3.0 CoffeePilot Ultra system, featuring advanced functions like full-scenario NOA (Navigate on Autopilot) and cross-layer memory parking.

Looking at net profit changes, Foton Motor, Ling Electric Control, SAIC Motor, Golden Dragon Bus, and Asia Pacific Shares doubled their net profits for the year. Foton’s increase was the highest at 15.51 times. Autonomously, A-Good Infrared, NavInfo, and Qianfang Technology are expected to turn losses into profits.

A-Good Infrared expects to achieve net profits attributable to parent of RMB 700 million to RMB 900 million in 2025, turning profitable year-over-year. During the period, delayed model projects resumed delivery; simultaneously, the company expanded into civilian infrared chip applications, with rapidly growing demand. The increase in sales scale has driven profit growth. Recently, A-Good Infrared stated on an interactive platform that the Xuanyuan intelligent driving project with a certain autonomous Robotaxi company is progressing normally.

This Week, Tech Sector Gains Investors’ Favor!

In the last week before the Spring Festival, the A-share market rose initially and then declined, with the Shanghai Composite Index rising 0.41% to close at 4082.07 points.

On February 23, Data Treasure released a weekly survey titled “How is the first week of the Year of the Horse market outlook?” The results show that investors who participated in the survey experienced overall good profitability before the festival, with 52% reporting gains, and 46% of those gains within 10%.

In terms of positions, about 43% of investors are fully invested or leveraged. Regarding position changes, 29% increased their holdings before the festival, a slight increase; 14% reduced their holdings, a decrease; and 55% held steady, observing market changes.

On the last trading day before the festival, A-shares fell sharply, down 1.26%. After a brief correction, investors generally remain optimistic about the market outlook. The survey data shows that 46% believe the market will “continue to rise and return to 4100 points” this week, the most mainstream view; 41% expect sideways consolidation between 4000 and 4100 points; and 9% are bearish, expecting the market to “oscillate lower and break below 4000 points.”

From sector perspective, the technology sector was the most favored this week, with 60% of respondents optimistic, a significant increase; the non-ferrous metals sector accounted for 13%, also up. From concept perspective, artificial intelligence, storage chips, commercial aerospace/satellite internet, small metals/precious metals, and power grids were the top themes, at 44%, 10%, 8%, 8%, and 5%, respectively.

(Source: Data Treasure)