--- title: "Hong Kong Stock Movement: TSO's stock price surged by 20.57%, attracting market attention and cautious sentiment for unknown reasons" type: "News" locale: "en" url: "https://longbridge.com/en/news/283927490.md" description: "TSO surged 20.57%; TuHu-W fell 0.95%, with a transaction amount reaching HKD 4.36 million; Hongxing Cold Chain rose 0.86%, with a transaction amount reaching HKD 576,900; Binjiang Services fell 0.51%, with a transaction amount reaching HKD 308,100; Changjiu Co., Ltd. rose 5.09%, with a market value reaching HKD 835 million" datetime: "2026-04-24T03:17:51.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283927490.md) - [en](https://longbridge.com/en/news/283927490.md) - [zh-HK](https://longbridge.com/zh-HK/news/283927490.md) --- # Hong Kong Stock Movement: TSO's stock price surged by 20.57%, attracting market attention and cautious sentiment for unknown reasons **Hong Kong Stock Movement** TSO surged 20.57%. Based on recent key news: 1. On April 21, TSO announced that it had confirmed unusual changes in stock price and trading volume, but was unaware of any reasons for such changes, and the group's business operations were normal. This announcement did not explain the specific reasons for the stock price surge but confirmed the stability of the company's operations. 2. On April 23, TSO announced that the company secretary and authorized representative, Ms. Li Yongshi, resigned due to personal matters. This news may raise market concerns about the company's governance structure but did not directly affect the stock price. 3. On April 21, TSO issued another announcement confirming unusual changes in stock price and trading volume, and was unaware of any reasons for such changes, with the group's business operations being normal. This announcement further confirmed the stability of the company's operations. Recent market fluctuations have been significant, and investors should exercise caution. **Stocks with High Trading Volume in the Industry** Tuhu-W fell 0.95%. Based on recent key news: 1. On April 22, Tuhu signed strategic cooperation agreements with several major manufacturers to enhance its market competitiveness and customer lifecycle value. This move is seen as a qualitative change in Tuhu's business model, upgrading its valuation logic from a domestic independent aftermarket leader to a global automotive service leader, resulting in significant stock price fluctuations. Source: Zhitong Finance 2. On April 23, Tuhu released its 2025 financial report, showing a decline in gross margin and operating profit margin. Although net profit increased, overall profitability faced challenges. The financial report data raised market concerns about its future profitability, leading to a decline in stock price. Source: Zhitong Finance 3. On April 23, Tuhu's overseas expansion strategy in Hong Kong and Malaysia attracted market attention. Although its globalization layout is seen as having long-term value growth potential, short-term support for the stock price is limited. Source: Zhitong Finance. The acceleration of globalization in the automotive industry has intensified competition. Hongxing Cold Chain rose 0.86%. Based on recent news: 1. On April 22, Hongxing Cold Chain released additional disclosures regarding related transactions, aimed at enhancing transparency and assuring investors of the contractors' capabilities and experience, while confirming that other terms of the original announcement remain unchanged. This disclosure helps stabilize investor confidence and drives up the stock price. 2. The controlling shareholder structure of Hongxing Cold Chain is concentrated in Hongxing Village, fully owned and controlled by Hongxing Industry, representing over 2,000 local residents. This concentrated shareholder structure helps the company maintain stable operations in the cold chain and related logistics infrastructure, further supporting the stock price. 3. Hongxing Cold Chain's average trading volume is 161,361 shares, with a current market value of HKD 174.4 million. The high trading volume and market value indicate ongoing market attention and confidence in the company, driving up the stock price. The cold chain industry has recently shown stable performance, enhancing investor confidence. Binhang Service fell 0.51%, with a trading volume of HKD 308,100, and no significant news recently. Trading is active, with clear capital flows. Considering the sector and industry trends, this stock shows significant volatility, and specific reasons need further observation **Stocks Ranked Among the Top by Market Capitalization in the Industry** Changjiu Co., Ltd. rose by 5.09%, with a market capitalization reaching HKD 835 million, and there have been no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation ### Related Stocks - [03997.HK](https://longbridge.com/en/quote/03997.HK.md) ## Related News & Research - [Hongxing Coldchain Channels Idle Funds Into New RMB40 Million Wealth Product](https://longbridge.com/en/news/286426980.md) - [Manulife Singapore to offer multi-cancer blood test starting May](https://longbridge.com/en/news/286710691.md) - [Chinese companies probed over cuts to shipping container production before pandemic](https://longbridge.com/en/news/286954330.md) - [Lytica Launches Supplier Intelligence to Modernize Buyer-Supplier Dynamics in Electronics Procurement](https://longbridge.com/en/news/286921721.md) - [US PJM grid can curb data center power usage in emergencies, Department of Energy says](https://longbridge.com/en/news/286949959.md)