Core Viewpoint - The recent stock price surge of Boreton (01333) is attributed to strategic positioning around the H-share full circulation policy, which has injected strong momentum into the company's stock price [1][3][14] Group 1: Stock Performance - As of August 11, Boreton's stock price increased by approximately 8.55%, closing at HKD 29.96, with a trading volume of about 686,000 shares and a turnover of approximately HKD 20.07 million [1] - From August 4 to August 8, the stock experienced a price increase of 2.22%, with a significant volume ratio of 8.2:1 between buying and selling, indicating strong accumulation before the price rise [4][5] - On August 11, the trading volume surged to 686,000 shares, nearly 13 times the average daily volume from the previous week, confirming the strategy of "low volume accumulation followed by high volume increase" [8][10] Group 2: Market Strategy - The trading strategy observed for Boreton follows a "concealment-raise-distribution" pattern, with a notable concentration of buying activity and a low turnover rate of 0.15%, indicating high control over the stock [4][10] - The top five buying institutions during this period included Citibank, BNP Paribas, and others, with slight increases in their shareholding percentages, reflecting institutional interest [6][7] Group 3: Company Overview - Boreton, established in November 2016, specializes in electric engineering machinery, focusing on electric loaders and dump trucks, and has achieved significant market rankings in China [11] - The company reported a compound annual growth rate of 32.8% in revenue from 2022 to 2024, with revenues of RMB 360.1 million, RMB 464.7 million, and RMB 635.5 million for the respective years [11][13] - Electric dump trucks have become the primary revenue source, contributing 57.4% of total revenue by 2024, showcasing the company's strong market position [12] Group 4: Financial Performance - Boreton's gross profit margin has shown improvement, with the electric dump truck segment maintaining a gross margin of around 13.5% in 2024 [12] - However, the company faces challenges in cost control, with an overall expense ratio reaching 39.5% in 2024, significantly higher than industry benchmarks [13]
从8.55%涨幅看博雷顿（01333）：量价齐飞背后或透露完美“三部曲”