HK Stock Market Move | Wuxi Lead Intelligent Equipment (00470) surged nearly 12% in early trading. A-shares are included in the Shanghai and Shenzhen 300 Index, and the company is expected to benefit from the high demand in the lithium battery industry.

Wuxi Lead Intelligent Equipment (00470) rose nearly 12% in early trading, reaching 9.82% by the time of publication, at HKD 42.94, with a trading volume of HKD 213 million. On the news front, the China Securities Index Company previously announced a regular adjustment notice, officially including Wuxi Lead Intelligent Equipment in the sample stocks of the SSE 300 Index. This adjustment took effect after the close of June 12. Wuxi Lead Intelligent Equipment recently stated that the company's order backlog is sufficient, new orders are progressing as scheduled, and continue to benefit from the increasing production demand of top downstream customers at home and abroad. Changjiang issued a research report stating that the company is a global leader in lithium battery equipment, with a high demand in the lithium battery industry. The company also holds a leading position in cutting-edge fields such as solid-state batteries. With the landing of the H-share issuance, non-lithium battery business and overseas business are expanding, and the advantages of scale and platformization are becoming increasingly prominent. The "buy" rating is maintained, and continued emphasis on recommendation.