Changes in Hong Kong stocks | Wenyuan Zhixing-W (00800) rose nearly 6% in the afternoon, the second-quarter results were impressive, and the overseas commercialization process accelerated across the board

The Zhitong Finance App learned that Wenyuan Zhixing-W (00800) rose nearly 6% in the afternoon. As of press release, it had risen 5.37% to HK$16.67, with a turnover of HK$1,80426 million.

According to the news, Wenyuan Zhixing recently announced its results. Total revenue for the first half of the year reached 346 million yuan, an increase of 73% over the previous year. According to the data, in the second quarter, Wenyuan Zhixing's overseas revenue increased 164% year on year and 169% month on month. Overseas revenue increased 154% year on year in the first half of the year, which was significantly higher than the overall revenue level. Meanwhile, the company's gross margin climbed to 37.5% in the second quarter.

Huatai Securities released a research report saying that it is optimistic about Wenyuan Zhixing's technological foresight and overseas first-mover advantage. It is expected to become the core target of the Physical AI and RoboTaxi tracks, and has a certain valuation premium basis. We believe that the company's overseas layout is leading, the cooperation with Uber continues to make substantial progress, and the overseas commercialization value of Robotaxi has not been fully reflected; the company continues to promote mass production of advanced NOA, accelerates WRD3.0, and has both L2++ and L4 technology and commercialization capabilities, and its dual track layout value is still expected to be further re-evaluated.