SHENZHEN HIPINE PRECISION TECHNOLOGY CO., LTD. 深圳西普尼精密科技股份有限公司 (A joint stock company incorporated in the People's Republic of China with limited liability) (於中華人民共和國註冊成立的股份有限公司) Stock Code 股份代號 : 2583 中 期 報 告 Contents 目錄 | Corporate Information | 公司資料 | 2 | | --- | --- | --- | | Financial Highlights | 財務摘要 | 4 | | Management Discussion and Analysis | 管理層討論及分析 | 5 | | Directors' and Chief Executives' Interests in | 董事及最高行政人員 | 12 | | Securities | 於債券之權益 | | | Substantial Shareholders' Interests in | 主要股東於股份 ...

Shenzhen Hipine Precision Technology Co., Ltd. 深圳西普尼精密科技股份有限公司 By Order of the Board Shenzhen Hipine Precision Technology Co., Ltd. Li Yongzhong （ A joint stock company incorporated in the People's Republic of China with limited liability ） ( 於中華人民共和國註冊成立的股份有限公司 ) （Stock Code 股份代號：2583） 30 September 2025 Dear Non-Registered Shareholder, Arrangement of Electronic Dissemination of Corporate Communications Pursuant to Rule 2.07A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kon ...

登記股東之名稱及地址 Shenzhen Hipine Precision Technology Co., Ltd. 深圳西普尼精密科技股份有限公司 （ A joint stock company incorporated in the People's Republic of China with limited liability ） ( 於中華人民共和國註冊成立的股份有限公司 ) （Stock Code 股份代號：2583） 尊敬的股東 發佈公司通訊之安排 簡介 根據香港聯合交易所有限公司（「聯交所」）證券上市規則（「上市規則」）第 2.07A 條 1 以及深圳西普尼精密 科技股份有限公司（「本公司」）的公司章程細則，本公司將以電子通訊方式向其股東 3 發佈本公司日後的公司 通訊（「公司通訊」2），並僅應股東要求向其寄發印刷本形式的公司通訊。 就上述相關事項，以下安排將於 2025 年 9 月 30 日生效： 安排 1. 公司通訊 本公司將在本公司網站（www.hipine.com）及聯交所網站（www.hkexnews.hk）上發佈公司通訊。 本公司不會向股東發出公司通訊網站版本 4 的登載通知。本公司 ...

Core Points - Xipuni Precision Technology Co., Ltd. (西普尼) was listed on the Hong Kong Stock Exchange today, closing at HKD 106, representing a 258.11% increase from its final offering price [1] Summary by Sections Share Issuance and Capital Structure - The total number of shares issued under the global offering was 10,600,000 H-shares, with 1,060,000 shares available for public sale in Hong Kong and 9,540,000 shares for international placement [2] - After the listing, the total number of issued shares is 58,825,000 [2] Pricing and Proceeds - The final offering price was HKD 29.6, resulting in total proceeds of HKD 313.76 million. After deducting estimated listing expenses of HKD 45.19 million, the net proceeds amount to HKD 268.57 million [3][4] Use of Proceeds - Approximately 40.28% of the proceeds will be used to enhance production capacity, 33.24% for expanding and optimizing the sales network and brand building, 17.11% for strengthening R&D capabilities through the establishment of a research center, and 9.37% for working capital or general corporate purposes [4] Financial Performance - Xipuni's revenue for the fiscal years 2022, 2023, 2024, and the first five months of 2025 were HKD 323.70 million, HKD 445.48 million, HKD 456.56 million, and HKD 231.03 million respectively. The net profits for the same periods were HKD 24.54 million, HKD 52.10 million, HKD 49.35 million, and HKD 42.80 million [5][6] Cash Flow Analysis - The net cash generated from operating activities for the fiscal years 2022, 2023, 2024, and the first five months of 2025 were HKD 7.66 million, -HKD 35.75 million, HKD 34.96 million, and -HKD 10.56 million respectively [7]

港股新股西普尼盘中涨近300%，报117.10元。 （来源：科创100ETF基金） 来源：市场资讯 ...

Group 1 - The core viewpoint of the article highlights the successful debut of the Chinese watch brand Xipuni (2583.HK) on the Hong Kong stock market, with a significant initial price surge of 183.7% [1] - The company issued 10.6 million shares at a price of 29.6 HKD each, achieving an oversubscription rate of 2,504.9 times for local offerings and 2.9 times for international offerings, raising a net amount of 268 million HKD (34 million USD) [1] - Xipuni primarily sells its own brand "HIPINE" gold watch cases and provides ODM and processing services for well-known domestic jewelry brands [1] Group 2 - For the fiscal year 2024, the company reported a revenue of 460 million HKD, reflecting a year-on-year increase of 2.5%, while the net profit was 49.348 million HKD, showing a decline of 5.3% [1] - The company plans to use the raised funds to enhance production capacity, expand and optimize its sales network, strengthen brand building, and establish a research and development center in Putian to improve its R&D capabilities [1]

Group 1 - The core point of the article highlights the strong debut performance of three new stocks in the Hong Kong market on September 30, with particular emphasis on Xipuni (02583.HK), which saw its stock price surge by nearly 340% after opening over 180% higher [2] - Xipuni received significant investor interest during its IPO phase, achieving a subscription rate of 2505.9 times for its public offering, with 1% of the applied shares being allocated to successful applicants [2] - The company is a designer, manufacturer, and brand owner of gold case watches and gold bezel watches in China, with its flagship brand "HIPINE" contributing the majority of its revenue [2][3] Group 2 - Xipuni also generates revenue by acting as an ODM manufacturer for third-party domestic jewelry brands, developing and producing private label watches and accessories for well-known brands such as Lao Feng Xiang, China Jewelry, and Zhou Da Sheng [3] - The company's financial performance shows revenue figures of 324 million RMB, 445 million RMB, 457 million RMB, and 231 million RMB for the years 2022 to 2024 and the first five months of 2025, with corresponding profit and total comprehensive income of 24.54 million RMB, 52.09 million RMB, 49.34 million RMB, and 42.79 million RMB [4]

Group 1 - The core viewpoint of the news is that Xipuni (2583.HK) debuted on the Hong Kong Stock Exchange with a significant opening increase of 183.78%, reaching a price of 84 HKD per share [1] - Xipuni is a designer, manufacturer, and brand owner of gold-cased and gold-bezel watches in China, focusing on the design, manufacturing, and sales of precious metal watches [1] - The company operates under two brands: "HIPINE (西普尼)" and "Golden Bear (金熊)" [1] Group 2 - Xipuni's primary revenue comes from the design and manufacturing of its own brand of precious metal watches, while also providing ODM services for third-party domestic jewelry brands and wholesalers [1] - The company has partnerships with notable brands such as Lao Feng Xiang, China Jewelry, and Zhou Da Sheng, offering private label precious metal watches and jewelry, as well as contract processing services [1] Group 3 - On its first trading day, Xipuni's stock opened at 84 HKD, with a maximum potential profit of 5,440 HKD for a single lot of 100 shares [1] - The trading volume on the first day was 1.31 million shares, with a total transaction value of approximately 89.39 million HKD [2] - The company's market capitalization reached 4.941 billion HKD, with a static P/E ratio of 92.71 and a market-to-book ratio of 6.448 [2]

（文章来源：每日经济新闻） 每经AI快讯，9月30日，港股新股西普尼盘中涨超300%，报121港元。 ...

Core Viewpoint - Xipuni (02583) has successfully listed its shares at a price of HKD 29.6 per share, raising approximately HKD 269 million, with a significant initial trading surge of 183.78% to HKD 84 per share [1] Company Overview - Xipuni is a designer, manufacturer, and brand owner of gold case watches and gold bezel watches in China [1] - The company's revenue primarily comes from the sales of gold case watches and gold bezel watches designed and manufactured under its flagship brand HIPINE [1] - Xipuni also generates income by assembling watch movements sourced from external suppliers and acts as an ODM manufacturer for third-party domestic jewelry brands, providing private label watches and jewelry [1] Market Position - According to Zhaoshang Consulting, Xipuni is projected to be the largest brand in China for both gold precious metal watches and gold-inlaid precious metal watches by GMV in 2024 [1] - The market shares for Xipuni in terms of GMV for gold precious metal watches and gold-inlaid precious metal watches are estimated to be 27.08% and 28.96%, respectively [1] - The company has established long-term stable supply relationships with several well-known domestic jewelry brands, including Laofengxiang, China Jewelry, and Zhou Dasheng (002867) [1]