HK Stock Market Move | TUHU-W (09690) rose over 5%, with a net increase of 817 stores in the first half of the year. New energy has become an important growth engine for the company.

TUHU-W (09690) has risen more than 5%, currently up 5.35% at HKD 12.01, with a trading volume of HKD 55.3199 million. Recently, TUHU-W released its mid-year performance report for 2026. In the first half of 2026, Tuhu's revenue increased by 11.4% year-on-year to RMB 8.78 billion, with its global workshop store scale remaining the largest in the industry. Meanwhile, the company's user base continued to expand, reaching 175 million registered users, with the number of trading users growing by 17.2% year-on-year to 31 million over the past twelve months. Regarding store expansion, as of the end of June 2026, Tuhu had 8,825 global workshop stores, with a net increase of 817 stores in the first half of the year, maintaining the largest scale in the automotive service industry. Notably, Tuhu's new energy segment has become an important growth engine. By the end of June 2026, Tuhu's trading users in the new energy sector reached 5.3 million, a year-on-year increase of 56.7%, accounting for 17.2% of total trading users. Tuhu has become the only independent third-party automotive service platform with large-scale three-electric maintenance capabilities and has participated in the drafting of two national standards for new energy vehicle repairs. From talent reserve to technical capability, and from standard-setting to industry definition, the new energy-related business is becoming a key leap for Tuhu in leading the transformation of China's aftermarket.