Shanghai Dazhong Public Utilities (01635) AH shares rose together, as of press time, A shares rose to the limit, H shares rose 6.78%, reporting HKD 1.26, with a turnover of 9.281 million HKD.
According to the IQIYI Finance App, Shanghai Dazhong Public Utilities (01635) AH shares rose together, as of press time, A shares rose to the limit, H shares rose 6.78%, reporting HKD 1.26, with a turnover of 9.281 million HKD.
On the news front, during today's trading session, popular intelligent transportation stock Shanghai Dazhong Transportation hit the limit up again, experiencing 7 consecutive trading sessions of hitting the limit up in the past 12 days and a cumulative increase of over 180% in almost 14 trading days. Dazhong Transportation announced that the intelligent connected vehicles model is currently in the testing stage and does not generate significant revenue for the company and future business development trends are uncertain. There will not be a significant impact on the company's operations in the short term.
It is reported that in early July, Shanghai released the first batch of licenses for demonstration applications of unmanned intelligent connected vehicles. Representatives of Dazhong Transportation stated that Baidu's subsidiary Luobo Kuaipao and Dazhong Transportation's subsidiary Dazhong Chuxing jointly applied to demonstrate and operate a total of 65 Robotaxis. According to Dazhong Transportation's Q1 2024 report, there is only one shareholder with a shareholding ratio of over 5%, which is Shanghai Dazhong Public Utilities (Group) Co., Ltd., with a shareholding ratio of 20.01%.
Northeast Securities pointed out that Dazhong Public Utilities, formerly known as Shanghai Pudong Dazhong Taxi Co., Ltd., is mainly invested in and operates in the four sectors of urban gas, urban transportation, environmental municipal services, and financial venture capital. The company's gas business, sewerage, urban transportation, and other businesses involve people's livelihoods, all with local governments signing "franchise rights agreements", and the regional market scope and operating period are stable, with relatively little market fluctuation and a controllable business scale. Among them, gas is the company's core industry.