Core Viewpoint - The company Xipuni has been recognized as a "Little Giant" enterprise by the Ministry of Industry and Information Technology, indicating its strong position in specialized, innovative, and high-quality sectors of the market [1][4]. Market Performance - Xipuni's stock debuted on the Hong Kong market in September, achieving a remarkable 258% increase on its first day, setting a record for the highest first-day gain of any new stock in Hong Kong this year. The stock price has since risen to 163.8 HKD per share, reflecting a cumulative increase of over 453% [1]. Technological Innovation - Xipuni has made significant technological advancements, including the launch of China's first mass-produced 24K gold watch, which differentiates it from foreign brands and allows it to capture market growth in the gold watch sector. This innovation addresses industry challenges related to the softness of traditional gold materials [6][10]. - The company has transitioned from a traditional gold watch manufacturer to a technology-driven precious metal wearable brand, launching a new smart gold watch series in 2023 that integrates Huawei's smart technology, thus creating a new market segment [7][10]. Financial Performance - Xipuni's revenue is projected to grow from 324 million CNY in 2022 to 457 million CNY in 2024, with net profits increasing from 24.5 million CNY to 49.3 million CNY during the same period. In the first five months of 2025, the company achieved 231 million CNY in revenue, a 21.6% year-on-year increase [10][11]. Global Expansion - The company is actively expanding into overseas markets, particularly in Southeast Asia and the Middle East, to reduce reliance on the domestic market. Xipuni has already partnered with Malaysian distributors and aims to enter the Middle Eastern market, which presents significant growth potential [10][11]. Cultural Integration - Xipuni combines traditional Chinese culture with modern watchmaking, enhancing its competitive edge and meeting diverse consumer demands through collaborations with cultural institutions like the Palace Museum [9]. Market Outlook - The market for gold and precious metal watches in the Middle East and Southeast Asia is expected to reach 7.46 billion CNY and 6.66 billion CNY, respectively, by 2029, indicating a larger market potential than that of China [11].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 深圳西普尼精密科技股份有限公司（於中華人民共和國註冊成立的股份有限公司） 呈交日期: 2025年11月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02583 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 58,825,000 | RMB | | 1 RMB | | 58,825,000 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 58,825,000 | RMB | | 1 RMB | | 58,825,000 | 本月底法定/註冊股本總額： ...

Core Viewpoint - The recent announcement of new tax policies regarding gold by the Ministry of Finance and the State Taxation Administration has led to a significant decline in the stock prices of gold jewelry companies in Hong Kong, indicating market concerns over the impact of these policies on the industry [1][2]. Group 1: Market Reaction - Gold jewelry stocks collectively fell, with notable declines: Luk Fook Holdings down 7.96%, Chow Tai Fook down 7.49%, and Lao Poo Gold down 7.30% [3]. - The overall market sentiment reflects apprehension regarding the new tax regulations and their implications for gold consumption and investment [1]. Group 2: Tax Policy Implications - The new tax policy aims to differentiate between investment and non-investment uses of gold, reducing double taxation and lowering transaction costs [1]. - Analysts suggest that the policy primarily targets investment gold transactions, while the direct impact on consumer purchases of gold jewelry is expected to be minimal [2]. - However, if demand for investment gold shifts towards exchanges, the supply of non-exchange gold may decrease, potentially increasing production costs for gold jewelry and affecting retail prices [2]. Group 3: Company Performance - The market capitalization of affected companies is as follows: Luk Fook Holdings at 13.445 billion, Chow Tai Fook at 138.898 billion, Lao Poo Gold at 111.919 billion, and Chow Sang Sang at 8.773 billion [3]. - The price changes reflect a broader concern about the sustainability of profit margins in the gold jewelry sector under the new tax regime [1][2].

Core Viewpoint - Xipuni (02583) has been recognized as a "Little Giant" enterprise in the seventh batch of specialized and innovative small and medium-sized enterprises by the Ministry of Industry and Information Technology, which enhances its core competitiveness and industry influence [1] Group 1 - The company has been officially acknowledged for its specialization, uniqueness, and innovation capabilities [1] - This recognition is expected to improve the company's brand image and visibility in its niche market [1]

Core Viewpoint - The company has been recognized as a "Little Giant" enterprise in the seventh batch of specialized and innovative small and medium-sized enterprises by the Ministry of Industry and Information Technology, which enhances its core competitiveness and industry influence [1] Group 1 - The company has been acknowledged for its specialization, uniqueness, and innovation capabilities [1] - This recognition is expected to improve the company's brand image and visibility in its niche market [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任 何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 SHENZHEN HIPINE PRECISION TECHNOLOGY CO., LTD. 深 圳 西 普 尼 精 密 科 技 股 份 有 限 公 司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2583） 自 願 性 公 告 本 公 司 被 認 定 為 第 七 批 國 家 級 專 精 特 新 「 小 巨 人 」 企 業 本 公 告 為 深 圳 西 普 尼 精 密 科 技 股 份 有 限 公 司 （ 「 本 公 司 」 ） 刊 發 之 自 願 性 公 告 。 本 公 司 董 事 （ 「 董 事 」 ） 會 （ 「 董 事 會 」 ） 欣 然 宣 佈 ， 根 據 深 圳 市 中 小 企 業 服 務 局 發 佈 的 《 關 於 深 圳 市 第 七 批 專 精 特 新 「 小 巨 人 」 企 業 和 2 0 2 5 年 專 精 特 新 「 小 巨 人 」 覆 核 通 過 企 業 名 單 的 公 ...

Group 1: Gold Market Outlook - The international gold price is steadily rising due to expectations of continued interest rate cuts by the Federal Reserve [1] - Major banks like Morgan Stanley, JPMorgan, and Goldman Sachs have raised their gold price forecasts, with Goldman predicting a potential price of $4,000 per ounce by mid-2026 [1] - Buyers of gold are categorized into two types: conviction buyers, who buy regardless of price, and opportunistic buyers, who respond to price fluctuations [1] Group 2: Company Overview - Xipuni - Xipuni, a newly listed company, is a Chinese gold watch designer, manufacturer, and brand owner with its flagship brand "HIPINE" [2] - The company operates through two marketing models: a dealer network for its own brand and ODM manufacturing for third-party jewelry brands [2] - Xipuni has expanded its sales through 3,000 offline points in China and is seeking to expand into the Middle East in the coming years [2] Group 3: Financial Performance - In the first half of 2025, Xipuni reported revenue of 288 million RMB, a year-on-year increase of 27.2%, and a net profit of 57 million RMB, up 108.8% year-on-year [3] - The strong performance in gold watch sales is expected to continue, with positive results anticipated for the full year of 2025 [3]

Group 1 - Shenzhen Xipuni Precision Technology Co., Ltd. officially listed on the Hong Kong Stock Exchange on September 30, 2023, becoming the second company from Luohu District to go public this year [1] - Xipuni is projected to be the largest gold watch brand in China by GMV in 2024, as well as the largest brand of gold-inlaid precious metal watches [3] - After opening, the company's stock price surged to 130.00 HKD, representing a 339.19% increase, and closed at 106.00 HKD, up 76.40 HKD with a trading volume of 245 million shares [3] Group 2 - The public offering of shares by Xipuni accounted for 10% of the total global offering, with a subscription rate of 2505.90 times; the international offering made up 90% of the total, with a subscription rate of 3.90 times [5] - Established in 2013, Xipuni is recognized as a national high-tech enterprise and a specialized and innovative small and medium-sized enterprise, focusing on the integration of precious metal material research and precision watchmaking technology [8] - The company operates in the design, research and development, manufacturing, and sales of precious metal watches and fine jewelry, aiming to create mid-to-high-end precious metal wearable products [8] Group 3 - Xipuni has over 150 laboratory-grade precision instruments and has set up R&D centers and production bases in Longgang, Shenzhen, and Putian, Fujian, covering over 10,000 square meters [8] - The chairman and executive director, Li Yongzhong, stated that the successful listing in Hong Kong marks a new starting point for the company's development and recognition by the international capital market [8] - The Luohu District has been optimizing its enterprise service system, transitioning from passive to proactive support for business development, particularly for innovative and specialized enterprises [11]

Core Viewpoint - The recent stock transfer of Xipuni (02583) from Ping An Securities (Hong Kong) to China International Capital Corporation Hong Kong Securities indicates significant market activity, with a transfer value of HKD 325 million, representing 3.28% of the total shares [1] Group 1: IPO Details - Xipuni conducted its IPO from September 19 to September 24, aiming to issue a total of 10.6 million shares, with 10% allocated for Hong Kong and 90% for international investors, plus a 15% over-allotment option [1] - The total margin for Xipuni on its first day reached approximately HKD 492 million, with a subscription multiple of about 15.69 times [1] - On September 23 and 24, the margin totals surged to HKD 15.552 billion and HKD 45.939 billion, respectively, with over-subscription multiples of 495.65 times and 1464.14 times [1] - The final over-subscription multiple at the end of the offering was recorded at 2505.9 times [1]

Core Viewpoint - The recent stock transfer of Xipuni (02583) from Ping An Securities (Hong Kong) to China International Capital Corporation Hong Kong Securities indicates a significant market activity, with a total transfer value of HKD 325 million, representing 3.28% of the company's shares [1] Group 1: IPO Details - Xipuni conducted its IPO from September 19 to September 24, aiming to globally offer 10.6 million shares, with 10% allocated for Hong Kong and 90% for international investors, plus a 15% over-allotment option [1] - The total margin subscription on the first day reached approximately HKD 492 million, with a subscription multiple of about 15.69 times [1] - On September 23 and 24, the margin totals surged to HKD 15.552 billion and HKD 45.939 billion, respectively, with over-subscription multiples of 495.65 times and 1464.14 times [1] - The final over-subscription multiple at the end of the offering was recorded at 2505.9 times [1]