New Gonow shares surge nearly 1,072% year-to-date

On September 25, shares of New Gonow (00805.HK) closed up 22.64% at HK$11.13 on the Hong Kong Stock Exchange, giving the company a market capitalisation of HK$10.685 billion. The stock has risen almost 1,072% year-to-date. The rally followed Chinese government measures to support motorhome consumption, including a seven-point plan, as well as order book growth and a proposed NZ$338 million acquisition of New Zealand's THL. However, net profit attributable to shareholders fell 78.47% to 6.609 million yuan in the first half of 2026, and the founder reduced his stake during the share price surge.