Understanding the Market | CHINA VERED FIN rose over 10%, with a shareholder profit of HKD 743 million in the first half of the year, recently increasing investment in the new energy commercial vehicle sector
CHINA VERED FIN's stock price rose by more than 10%, up 9.8% as of the time of writing, at HKD 1.12, with a trading volume of HKD 4.52 million. The company released its interim results for the period ending June 30, 2025, reporting total revenue of HKD 78.846 million, a year-on-year increase of 54.44%; profit attributable to shareholders was HKD 743 million, compared to a loss of HKD 20.781 million in the same period last year. The company plans to acquire a portion of Wisdom Moon's shares, believing that the commercial vehicle industry's transition to clean energy has enormous potential, especially in the electric vehicle and fuel cell vehicle markets
According to Zhitong Finance APP, CHINA VERED FIN (00245) rose over 10%, and as of the time of writing, it increased by 9.8%, trading at HKD 1.12, with a transaction volume of HKD 4.52 million.
On the news front, recently, CHINA VERED FIN announced its interim results for the six months ending June 30, 2025, reporting total revenue of HKD 78.846 million, an increase of 54.44% year-on-year; the profit attributable to the company's owners was HKD 743 million, compared to a loss of HKD 20.781 million in the same period last year; earnings per share were HKD 0.3996.
Previously, CHINA VERED FIN announced that its indirect wholly-owned subsidiary, Zhongmin Strategic Investment Management Holdings Limited, intends to acquire approximately 23.87% and 19.33% of the issued Class A shares of Wisdom Moon (BVI) Limited from Integrated Winners Enterprises Limited and Smart Silver Global Limited, respectively, for HKD 284.1 million and HKD 230 million, totaling HKD 514.1 million.
It is reported that the target company is an investment holding company, primarily investing in Wisdom Group Holdings Limited, a company registered in the Cayman Islands (together with its subsidiaries referred to as "Weichiteng Group"). The company believes that the transformation of the commercial vehicle industry to clean energy holds enormous potential, especially in the growing market for battery-driven electric vehicles and fuel cell electric vehicles. Hydrogen energy is becoming increasingly important for medium and heavy commercial vehicles, and the popularization of fuel cell electric vehicles is expected to accelerate significantly. With China's efficient and cost-competitive supply chain, the target company (and Weichiteng Fujian) is expanding its global market share in the zero-emission commercial vehicle market
