Hong Kong Stock Market Update: REPT BATTERO surged over 47% in early trading recently after being included in the Hong Kong Stock Connect program. The company is a lithium-ion battery manufacturer under the Qing Shan Group.
REPT BATTERO surged over 47% in early trading, reaching a 29.91% increase to HKD 19.18 by the time of publication, with a trading volume of HKD 207.438 million. According to the adjustment announcement of Hong Kong Stock Connect targets by the Shanghai and Shenzhen Stock Exchanges, REPT BATTERO has become eligible for trading under Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect starting from March 4th. It is reported that REPT BATTERO is the first listed company under the "Nickel King" Qingshan Holdings Group Limited. The prospectus indicates that the company mainly focuses on the research, development, manufacturing, and sales of lithium-ion power battery products and energy storage battery products. In 2022, the company's energy storage battery sales reached 10.48GWh, surpassing power battery sales for the first time, contributing 57.4% of the company's revenue.
Zhitong App learned that REPT BATTERO (00666) surged over 47% in the morning session, with a 29.91% increase as of the time of publication, reaching HKD 19.18 with a trading volume of HKD 207.438 million.
On the news front, according to the announcement of the adjustment of Hong Kong Stock Connect targets by the Shanghai Stock Exchange and the Shenzhen Stock Exchange, REPT BATTERO has become eligible for trading under Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, effective from March 4th.
It is reported that REPT BATTERO is the first listed company under the "Nickel King" Qingshan Holdings Group Limited. The prospectus shows that the company mainly focuses on the research, development, manufacturing, and sales of lithium-ion power battery products and energy storage battery products. In 2022, the company's energy storage battery sales volume reached 10.48GWh, exceeding the power battery sales volume of 6.13GWh for the first time, contributing 57.4% of the company's revenue.