The Zhitong Finance App learned that Easy Control Smart Driving (07687) rose strongly this morning, surging more than 10% in the intraday period. As of press release, it rose 9.97% to HK$77.15.
According to the news, seven TR100A rigid mining trucks located in an open-pit coal mine in the Baiyinhua area of Xilingol, Inner Mongolia operate continuously without safety personnel. These nearly 5-meter-tall “behemoths” are driven by an easy-to-control intelligent driving driverless system, making it the first Gangka driverless project in China to achieve normalized operation. It is worth mentioning that, according to Fujian Daily, up to now, Easy Control Smart Driving has deployed more than 3,900 unmanned mining cards in more than 40 mines. The launch of the Gangka project has further verified the cross-model adaptability and technology reuse value of the easy-to-control smart driving driverless solution.
Huachuang Securities pointed out that the company's growth path is clear: deep cultivation and penetration+mineral expansion+overseas expansion. Path 1: Deepen unmanned driving in mines and build full-stack technology advantages to help enjoy the dividends of the unmanned mining card market; Path 2: From coal mines to metal mines, achieve a second growth curve; Path 3: Overseas expansion - the Australian project is expected to be a litmus test for overseas replication. The bank is optimistic that the company is an unmanned mining truck leader, and the asset-light model structure is optimized to improve profit levels; the high penetration rate of the coal mine scene brings new room for growth due to the expansion of multiple mining types and the development of overseas markets.