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 Cybercar rolled off the production line at the Texas Gigafactory in the United States.

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

Tesla staff said that the price of Cybercar should not exceed $30,000, and its application scenario is commercial ride-hailing, like 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 Securities said that Cybercar is built specifically for autonomous driving, with no steering wheel or pedals, marking another step forward in the commercialization of L4 and above level 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 demand for new energy vehicles.

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

21 Smart Driving Stocks Report Good Performance

As of February 23, 51 A-share companies related to smart driving had released their 2025 performance forecasts. Based on quick reports or median estimates, 21 of these stocks had full-year net profits attributable to parent company exceeding RMB 100 million. Hikvision, SAIC Motor, and Great Wall Motors rank top three in net profit scale, at RMB 14.188 billion, RMB 10 billion, and RMB 9.912 billion respectively; Dahua Technology and Top Group follow, 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 its official website, the company’s advanced driver-assistance systems integrate active safety alerts, audio-video monitoring, driving recorders, and Beidou positioning, using deep learning algorithms, H.264 video compression, Beidou satellite positioning, voice broadcast, and wireless networks, enabling functions like active safety warnings, audio-video recording, vehicle information logging, and wireless uploads.

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 channels directly connecting with users, and increasing investment in new models, new technologies, and brand promotion, which led to a decline in net profit.

Great Wall’s intelligent driving system is applied in 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 and cross-layer memory parking.

Looking at net profit changes, Foton Motor, Ling Electric Control, SAIC Motor, King Long, and Asia Pacific shares doubled their net profits for the year. Foton’s increase was the highest, at 15.51 times. Autel Robotics, NavInfo, and Qianfang Technology are expected to turn losses into profits.

Autel Robotics expects to achieve net profits attributable to parent of RMB 70-90 million in 2025, turning profitable year-over-year. During the period, delayed model projects resumed delivery; the company also expanded into civilian products, with infrared chip application demand rapidly releasing, and sales growth driving profit increases. Recently, Autel Robotics stated on its interactive platform that the Xuanyuan intelligent driving project with a certain autonomous Robotaxi company is progressing normally.

This Week, Tech Sector Gains Investor Favor!

In the last week before the Spring Festival, the A-share market rose initially and then fell, with the Shanghai Composite Index rising 0.41%, closing 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 good overall gains before the festival, with 52% reporting profits, and 46% of those profits within 10%.

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

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

From sector perspective, the tech 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, AI, 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.

Dongcai Illustration · Key Insights