Intelligent Driving Momentum: Zhejiang Shibao’s Double Limit‑Up and L3 Policy Wins

Why Zhejiang Shibao (SZ002703 浙江世宝) Is Catching Investors’ Eyes

Current price: ¥14.47 RMB ($2.14 USD) — a fresh 10.04 % jump.

Daily change: +¥1.32 RMB (+10.04 %).

Volume: 6.8 million shares traded.

Turnover: ¥967 million RMB ($143 million USD) with an 11.60 % turnover rate.

PE ratio (TTM): 59.65 – signalling high growth expectations.

Total market value: ¥11.9 billion RMB ($1.76 billion USD).

These metrics illustrate why the stock hit the daily ceiling for two consecutive sessions, a rare feat in China’s A‑share market.

Find Top Talent on China's Leading Networks

• Post Across China's Job Sites from $299 / role
• Qualified Applicant Bundles
• One Central Candidate Hub

Get 20% Off
Your First Job Post Use Checkout Code 'Fresh20'

Peer Rally: Intelligent‑Driving Stocks That Followed the Lead

After Zhejiang Shibao’s surge, a wave of smart‑car equities also ripped higher:

• Suoling Shares (SZ002766 索菱股份) – hit the daily ceiling.
• Haoren Auto‑Electric (SZ300148 豪恩汽电)
• Wanjie Technology (SZ300552 万集科技)
• Desay SV (SZ002920 德赛西威)
• BAIC Blue Valley (SH600733 北汽蓝谷)

Collectively, these names represent the core of China’s intelligent‑driving ecosystem: sensor manufacturers, ADAS software providers, and OEM partners.

ExpatInvest China

Grow Your RMB in China:

• Invest Your RMB Locally
• Buy & Sell Online in CN¥
• No Lock-In Periods
• English Service & Data
• Start with Only ¥1,000

View Funds & Invest

Policy Trigger: First Batch of L3 Conditional Autonomous‑Driving Approvals

On December 15, 2025, the Ministry of Industry and Information Technology (MIIT) announced the inaugural L3‑level conditional autonomous‑driving model approvals.

Changan Automobile (CH000625 长安汽车) and BAIC Ji Hu (BAIC Ji Hu 北汽极狐) earned trial licences for congested‑city routes in Chongqing and select highway segments in Beijing.

This regulatory green light shifts L3 technology from isolated pilots to commercial‑scale deployment in China.

Resume Captain

Your AI Career Toolkit:

• AI Resume Optimization
• Custom Cover Letters
• LinkedIn Profile Boost
• Interview Question Prep
• Salary Negotiation Agent

Get Started Free

What This Means for the Intelligent‑Driving Theme

The MIIT decision injects fresh confidence into the sector, encouraging capital to chase companies with mature sensor‑fusion, high‑definition mapping, and advanced driver‑assistance systems (ADAS).

Zhejiang Shibao, a leading supplier of automotive electronics, already demonstrated strong price momentum, suggesting investors expect it to capture a larger slice of the upcoming L3 vehicle supply chain.

Key Catalysts to Watch

• Capacity expansion: Updates from Zhejiang Shibao’s Shenzhen and Hangzhou plants could signal scaling ability.
• New contracts: Sign‑ups tied to L3 pilots in Beijing and Chongqing will be a clear growth driver.
• Subsidy eligibility: Potential inclusion in government‑backed intelligent‑driving incentive programs.

Valuation Snapshot

With a PE ratio of 59.65, the stock trades at a premium to the broader automotive sector, reflecting market expectations of rapid earnings acceleration as L3 deployments ramp up.

Investors should compare this multiple to peers such as Desay SV (PE ≈ 45) and BAIC Blue Valley (PE ≈ 52) to gauge relative valuation risk.

Bottom Line: Intelligent Driving Remains a Hot Bet for Growth‑Focused Portfolios

From double limit‑up days to a landmark L3 policy win, the intelligent‑driving narrative is gaining both momentum and legitimacy.

For investors eyeing the next wave of autonomous‑vehicle opportunities, Zhejiang Shibao (SZ002703 浙江世宝) stands out as a compelling entry point.

References

• Intelligent Driving Concept Remains Strong: Zhejiang Shibao Posts Two Consecutive Limit‑Up Days – Eastmoney
• China’s MIIT Approves First L3 Conditional Autonomous‑Driving Vehicles – Reuters
• China Grants First L3 Autonomous‑Driving Approvals, Boosting the Smart‑Car Market – Autoweek