Hong Kong Stock Movement: REFIRE approved to issue stocks, financing confidence surges, stock price skyrockets by 26.38%

Hong Kong Stock Movement

REFIRE surged 26.38%. Based on recent key news:

1. On November 19, REFIRE received approval from the China Securities Regulatory Commission for the registration of stock issuance to specific targets. This approval enhanced market confidence in the company's future financing capabilities, driving the stock price up.

2. On November 18, Zhitong Finance reported that REFIRE announced the confirmation of the China Securities Regulatory Commission's approval for its registration application to issue domestic shares to specific targets. This news further solidified investors' optimistic expectations for the company's development prospects, leading to a significant increase in stock price. Recent policy support in the financial industry has resulted in noticeable capital inflows.

Stocks with High Trading Volume in the Industry

Weichai Power fell 1.51%. Based on recent key news:

1. On November 18, Weichai Power experienced a block trade with a transaction amount of 5.2608 million yuan, resulting in a decline in stock price. Block trades typically affect market liquidity and stock price volatility. Source: Securities Star

2. On November 17, the company signed a technology licensing agreement with Xili Technology, fully mastering SOFC core technology, promoting technological innovation and application expansion. This move enhanced the company's competitiveness in the new energy sector. Source: Securities Star

3. On November 17, the commercial vehicle sector performed well, with the heavy-duty truck engine supply chain benefiting from AIDC volume growth, leading to a potential revaluation. The improved industry sentiment supports the company's stock price. Source: Securities Star

Yihuatong rose 5.18%, with a transaction amount reaching 16 million Hong Kong dollars, and no significant news recently. The trading is active, with clear capital flow. Considering the sector and industry trends, this stock shows significant volatility, and specific reasons need further observation.

SANY Heavy Industry rose 1.52%. Based on recent news:

1. On November 19, Xiaoma Zhixing announced a partnership with SANY Heavy Truck and Dongfeng Liuzhou Motor to jointly create a fourth-generation autonomous truck family. This collaboration will promote the development and application of autonomous truck technology, which is expected to have a positive impact on SANY Heavy Industry's market performance.

2. On November 18, the China Listed Companies Association released the "Development Report of High-end Manufacturing Industry of Chinese Listed Companies (2025)," indicating that the overall asset scale and revenue level of the high-end manufacturing industry continue to grow, with the industry undergoing a transformation from rapid development to high-quality development. This macro background is favorable for the long-term development of high-end manufacturing enterprises like SANY Heavy Industry.

3. On November 17, data from the China Construction Machinery Industry Association showed that in October 2025, sales of various forklifts reached 114,250 units, a year-on-year increase of 15.9%. This data indicates strong demand in the construction machinery industry, further supporting the rise in SANY Heavy Industry's stock price. The high-end manufacturing industry is undergoing transformation and upgrading, with strong demand.

Stocks with High Market Capitalization in the Industry

CRRC Corporation Limited fell 0.16%. Based on recent news:

1. On November 17, Ping An Asset Management Company increased its holdings in CRRC Corporation Limited by 13.928 million shares, with an average price of HKD 6.3788 per share, totaling approximately HKD 88.8439 million After the increase, the latest number of shares held is approximately 311 million shares, with the latest shareholding ratio at 7.12%. This increase demonstrates institutional confidence in the stock, but it has not prevented the stock price from declining.

2. On November 16, Changsha Customs released data showing that in the first 10 months of this year, Hunan's rail transit equipment exports reached 1.14 billion yuan, an increase of 30.3% compared to the same period last year. Among them, the export growth rates of CRRC Zhuzhou Electric Locomotive Co., Ltd. and Zhuzhou Times New Material Technology Co., Ltd. both maintained above 20%, indicating the company's strong performance in the international market.

3. There are no other important news recently. The overall performance of the transportation equipment industry is stable, with significant export growth