[True Spark HK Stock Experts] Zeking, the second-ranked HUD solution provider in China, breaks through its post-IPO high.

In the past two weeks, U.S. stocks were boosted by easing geopolitical tensions, with both the S&P 500 and Nasdaq hitting new highs. All three major indices recorded their largest weekly gains since April of last year. The Nasdaq rose for 13 consecutive trading days, matching its longest winning streak since 1992. The S&P 500 has gained 9% so far this month, its largest monthly gain since 2020. Although the gains of the Hong Kong stock market's Hang Seng Index were not as strong as those of U.S. stock indices, its performance was still quite good, with some sectors showing particularly outstanding performance.

The new energy vehicle (NEV) sector, which the author mentioned in recent articles, was indeed one of the relatively better-performing sectors. As expected, $NIO-SW(09866.HK) and $GEELY AUTO(00175.HK) performed well subsequently, rising 17% and 26% respectively from the time they were highlighted. Furthermore, it was noted that the NEV sector also had a certain driving effect on its related sectors. Therefore, the author also mentioned $CATL(03750.HK), which manufactures lithium batteries for NEVs. It briefly hit a new high last Thursday, surging nearly 9%. Therefore, it is believed that the performance of sectors related to the NEV sector will continue to show some strength.

For this reason, today we continue to discuss individual stocks related to new energy vehicles. The recently IPO-listed Zejing Co., Ltd. (02632.HK) is precisely an auto parts stock related to NEVs. Its core business is automotive HUD solutions, and it has entered the smart cockpit supply chain with a platform-based, self-developed R&D architecture. The company ranks second among HUD solution suppliers in China, with a market share of 16.2%. As of the end of September 2025, the company's cumulative sales reached 1.9 million units, securing 18 automaker clients and 101 vehicle model designations, including well-known new force automakers such as Nio, Xiaomi Auto, and Li Auto. This indicates that the company has completed the critical step from a technology supplier to a mass production supplier, and is not merely in the concept validation stage.

Author: Li Jiacong