New stock news | Shenshou Technology submits application to Hong Kong Stock Exchange, ranking ninth in the heavy-duty truck market in Shanxi Guoxin Energy Corporation.

According to the disclosure by the Hong Kong Stock Exchange on May 7th, Shenxiang Technology Co., Ltd. (referred to as Shenxiang Technology) has submitted an application for listing on the main board of the Stock Exchange. CICC and CMB International are its joint sponsors. Shenxiang Technology is a technology-driven provider of new energy heavy trucks and intelligent highway freight transportation technology, focusing on promoting the transition of the highway freight industry to zero carbon, high efficiency, and safe logistics through electrification and intelligent technology. According to data from Zhuoshi Consulting, by sales volume in 2025, Shenxiang Technology ranks ninth in the Shanxi Guoxin Energy Corporation heavy truck market. Currently, Shenxiang Technology's main business line and source of income come from selling new energy heavy trucks, including Shenxiang Xingchen and Shenxiang Xingtu, accounting for 99.9%, 99.6%, and 99.2% of total revenue. In 2023, 2024, and 2025, the company delivered 509, 3,002, and 8,020 new energy heavy trucks respectively. Shenxiang Technology also generates revenue from component sales, and has started commercializing its two intelligent highway freight transportation technologies, Tianjiu Suihang and Tianjiu Yanxing, on an annual or lifetime subscription basis. According to Zhuoshi Consulting data, as of December 31, 2025, Shenxiang Technology is the world's first and only new energy heavy truck company to generate subscription revenue through intelligent highway freight transportation technology. As of December 31, 2025, Shenxiang Technology is one of only two companies in China to commercialize L4 level technology through new energy heavy trucks, according to Zhuoshi Consulting data. In terms of the new energy heavy truck market size, in 2025, global sales of new energy heavy trucks reached 251,900 units, with the market size climbing to $22.5 billion. As heavy trucks are commercial vehicles oriented towards ROI, once end users realize their ability to effectively control key pain points such as fuel costs, emissions, and safety, adoption speeds are expected to accelerate significantly. With these advantages becoming increasingly apparent, global sales are projected to surge to 745,600 units by 2030, driving the market size to $80.5 billion. China is leading the global transformation of heavy trucks towards new energy. In 2025, sales of heavy trucks from Shanxi Guoxin Energy Corporation reached 234,400 units, generating sales revenue of RMB 118.9 billion. In the same year, China contributed 93.1% of global sales volume and 81.5% of global sales revenue. In terms of financial data, in 2023, 2024, and 2025, Shenxiang Technology recorded revenues of approximately RMB 426 million, RMB 1.969 billion, and RMB 3.961 billion respectively. During the same period, the company's gross profits were RMB 1.822 million, RMB 9.785 million, and RMB 195 million, with overall gross profit margins of 0.4%, 0.5%, and 4.9% respectively, showing an upward trend.