Zhejiang Taotao Vehicles Co. Ltd. A

Zhejiang Taotao Vehicle Company Limited has received filing from the China Securities Regulatory Commission for its Hong Kong listing. On July 24, the CSRC's Department of International Cooperation issued the overseas listing filing notice, with the company planning to issue up to 13,933,950 ordinary shares overseas and list on the Hong Kong Stock Exchange.

Taotao Vehicles' actual controller Cao Matao has voluntarily extended the lock-up period for his company shares. Cao Matao directly holds 28.5 million shares and indirectly holds 45 million shares through Zhejiang Zhongtao Investment Co., Ltd., totaling 73.5 million shares, representing 67.40% of the company's total share capital. All are restricted shares from before the initial public offering, originally set to be released from lock-up on September 21, 2026. Based on confidence in the company's future development prospects, Cao Matao commits not to reduce his direct or indirect holdings of the company's issued shares from September 21, 2026, to September 20, 2027. Shares derived during the lock-up period from bonus issues, capitalisation of capital reserves, rights issues, or other reasons will also comply with the above lock-up commitment. The company's board of directors stated it will continuously monitor the fulfilment of the commitment and disclose information in a timely manner.

A total of 13 stocks received buy ratings from institutions today, with Taotao Vehicles drawing the most attention, securing three buy rating records. According to statistics from Securities Times Data Treasure, institutions published a total of 15 buy rating records covering 13 stocks. Among the six rating records that provided target prices, five stocks have upside potential exceeding 20 percent. Kibing Group has the highest upside potential, with GF Securities forecasting a target price of 13.48 yuan, representing a 60.10 percent increase from the latest closing price. Spring Airlines and China Southern Airlines have upside potential of 49.08 percent and 48.56 percent, respectively. In addition, six rating records mark first-time coverage by institutions, involving six stocks including Caibai Shares and Jinbo Bio. By sector, the electronics and machinery equipment sectors each have two stocks on the list, while the transportation and automotive sectors also each have two stocks receiving institutional attention.