Guosheng Securities: Initiate coverage on Tuhu-W (09690) with a 'Buy' rating, as the leading player in the automotive aftermarket adopts ecosystem-based operations and scales up expansion.

In terms of infrastructure, Tuhu has built a nationwide warehousing and logistics system consisting of self-operated facilities and third-party service providers to ensure fulfillment capabilities. Leveraging the significant advantages of its 'online platform ecosystem + offline network scale,' the company continues to expand the scale of its integrated online and offline platform.

Zhitong FinanceJan 29 10:14 · Ratings

Tuhu-W (09690.HK): Leading player in the automotive aftermarket with ecosystem-based operations and scaled expansion, enabling online-offline synergy

The leading position in the automotive aftermarket industry remains solid, with strong certainty of performance growth. Tuhu Auto Service, as China's leading integrated online and offline automotive service platform, has built a nationwide service network and a comprehensive ecosystem since its establishment in 2011.

Guosheng SecuritiesJan 28 21:07

Tuhu-W (09690.HK) received an increase of 356,500 ordinary shares from THE CORE TRUST COMPANY LIMITED, valued at approximately HKD 5.564 million.

According to a report on January 28, based on the document disclosed by the Hong Kong Stock Exchange on January 28, THE CORE TRUST COMPANY LIMITED purchased 356,500 ordinary shares of Tuhu-W (09690.HK) at an average price of 15.6074 Hong Kong dollars per share on January 27, with a total value of approximately 5.564 million Hong Kong dollars. After the increase in holdings, THE CORE TRUST COMPANY LIMITED now holds 45,760,500 shares, and its long position ratio has increased from 5.98% to 6.03%. Supplementary information: On 2

Futu NewsJan 28 17:06

[HKEX Correction] Tuhu-W (09690.HK) received an increase of 356,500 ordinary shares by THE CORE TRUST COMPANY LIMITED, valued at approximately HKD 5.564 million.

According to a report on January 28, based on the document disclosed by the Hong Kong Stock Exchange on January 28, THE CORE TRUST COMPANY LIMITED purchased 356,500 ordinary shares of Tuhu-W (09690.HK) at an average price of HKD 15.6074 per share on January 26, with a total value of approximately HKD 5.564 million. After the increase in holdings, THE CORE TRUST COMPANY LIMITED’s latest number of shares held is 45,760,500, and its long position ratio increased from 5.98% to 6.03%. Additional information: On 2

Futu NewsJan 28 17:06

Tuhu-W (09690.HK) received an increase of 437,700 ordinary shares by Eminent Investment Limited, valued at approximately HKD 6.8463 million.

According to a report on January 26, based on the document disclosed by the Hong Kong Stock Exchange on January 26, Eminent Investment Limited increased its holdings by 437,700 ordinary shares of Tuho-W (09690.HK) at an average price of HKD 15.6416 per share on January 22, with a total value of approximately HKD 6.8463 million. After the increase, Eminent Investment Limited's total shareholding rose to 37,973,200 shares, and its long position ratio increased from 4.94% to 5.00%. Additional information: On January 22

Futu NewsJan 26 17:14

Tuhu-W (09690.HK) received an increase of 252,800 ordinary shares by TCT (BVI) Limited, valued at approximately HKD 3.99 million.

According to a report on January 23, based on the document disclosed by the Hong Kong Stock Exchange on January 23, TCT (BVI) Limited purchased 252,800 ordinary shares of Tuhu-W (09690.HK) at an average price of HKD 15.7874 per share on January 21, with a total value of approximately HKD 3.99 million. After the increase in holdings, TCT (BVI) Limited now holds 38,173,000 shares, and its long position ratio has increased from 4.99% to 5.03%. Supplementary information: On January 21, 2026, Eminent

Futu NewsJan 23 17:08