深圳西普尼精密科技股份有限公司 公司章程 二〇二五年九月 – 1 – 目 錄 | 第一章 | 總 | 則 | | | | | 3 | | --- | --- | --- | --- | --- | --- | --- | --- | | 第二章 | | 經營宗旨和範圍 | | | | | 5 | | 第三章 | 股 | 份 | | | | | 6 | | 第一節 | | 股份發行 | | | | | 6 | | 第二節 | | 股份增減和回購 | | | | | 8 | | 第三節 | | 股份轉讓 | | | | | 11 | | 第四章 | | 股東和股東會 | | | | | 12 | | 第一節 | | 股 東 | | | | | 12 | | 第二節 | | 股東會的一般規定 | | | | | 17 | | 第三節 | | 股東會的召集 | | | | | 24 | | 第四節 | | 股東會的提案與通知 | | | | | 26 | | 第五節 | | 股東會的召開 | | | | | 28 | | 第六節 | | 股東會的表決和決議 | | | | | 33 | | 第五章 | | 董事會 | ...

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） 董事會審計委員會職權範圍 第一章 總 則 第一條 為 強 化 深 圳 西 普 尼 精 密 科 技 股 份 有 限 公 司（「公 司」）董 事（「董 事」） 會（「董事會」）決 策 能 力，做 到 事 前 審 計、專 業 審 計，確 保 董 事 會 對 經 理 層 的 有 效 監 督，完 善 公 司 治 理 結 構，根 據《中 華 人 民 共 和 國 公 司 法》（以 下 簡 稱「《公 司 法》」） 《香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則》（以 下 簡 稱「《香 港 上 市 規 則》」）《深 圳 西 普 尼 精 密 科 技 股 份 有 限 公 司 章 程》（下 稱「《公 司 章 程》」）、《香 港 上 市 規 則》附 錄 C1所 載 的《企 業 管 治 守 則》、香 港 會 計 師 公 會《審 計 委 員 會 有 效 運 作 指 引》及 其 他 有 關 法 律、法 規、規 範 性 文 件 的 ...

Group 1 - The core point of the news is that Xipuni (02583) will be listed in Hong Kong on September 30, with a significant increase in its trading price compared to the initial offering price [1] - The dark trading price for Xipuni is reported at HKD 43, which represents a 45.27% increase from the offering price of HKD 29.6 [1][2] - Each trading unit consists of 100 shares, resulting in a potential profit of HKD 1,340 per unit traded, excluding transaction fees [1] Group 2 - The total market capitalization of Xipuni is reported to be HKD 25.29 billion [2] - The highest trading price recorded during the session was HKD 44, while the lowest was HKD 40 [2] - The trading volume at the time of reporting was 800 shares, with a trading price of HKD 43 [2][3]

分时量 量:800 800 40.960 40.940 40.920 40.900 MACD(12,26,9):0.000 DIF:0.000 DEA:0.000 MACD 40.880 40.860 40.840 40.820 16:15 18:30 分时 日K 1分 5分 立即买入 立即卖出 • 行情来源: 利弗莫尔证券 • | 16:15 | | ਗ 중 | | --- | --- | --- | | | 西普尼 | | | 首页 | HK 02583 暗盘 | | | 行情 板块 | 评论 券商持仓 | 实时数: | | 43.000 | 最高 44.000 成交 800股 | 今开 40.000 | | +45.27% +13.400 | 换手 0.00% 最低 40.000 | 总市 25.29亿 | | 16:15 价 43.000 +45.27% 均 42.500 分时量 800股 | | | | 43.000 | 45.27% | 十档 成交 | | | 44.180 | | | | 44.160 | | | | 44.140 | | | | 44.120 | | | | 44.100 | ...

西普尼所得款项净额约40.3%用于进一步提升产能，33.3%用于扩大及优化销售网络、加强品牌建设及 提升品牌影响力及知名度，17.1%用于透过建立莆田研发中心加强研发能力以推动业务持续增长，9.4% 作营运资金或一般企业用途。 据招股书，西普尼是中国的黄金表壳手表及黄金表圈手表设计商、制造商和品牌拥有人。于往绩记录期 间，该公司的收入主要来自销售以旗舰自主品牌HIPINE(西普尼)设计及制造的黄金表壳手表及黄金表圈 手表。该公司将外部供应商采购而来的手表机芯组装至手表中。该公司亦透过担任第三方国内珠宝品牌 及批发商的ODM制造商而获得收入，包括为其开发及生产贴牌手表及饰品，并提供受托加工服务。 财务方面，于2022财年、2023财年、2024财年及2025年首五个月，该公司收入分别约为3.24亿元、4.45 亿元、4.57亿元、2.31亿元人民币;同期，年内/期内溢利及全面收益总额分别为2454.1万元、5209.9万 元、4934.8万元、4279.7万元人民币。 西普尼(02583)原定9月19日至24日招股，由于9月24日上午恶劣天气导致的10号热带气旋警告信号，招 股章程及正式通告所载的全球发售预期时 ...

Core Viewpoint - The company Xipuni (02583) has postponed its IPO schedule due to severe weather conditions, with significant oversubscription observed in its public offering [1][2] Group 1: IPO Details - The IPO was originally scheduled from September 19 to 24, but was delayed due to a tropical cyclone warning on September 24 [1] - As of September 25, the company had received HKD 66.3 billion in margin financing, with the public offering amounting to HKD 31.38 million, resulting in an oversubscription of 2,111.8 times [1] - Xipuni plans to issue 10.6 million H-shares, with 10% allocated for public offering at a price range of HKD 27 to 29.6, aiming to raise up to HKD 310 million [1] Group 2: Use of Proceeds - Approximately 40.3% of the net proceeds will be used to enhance production capacity, 33.3% for expanding and optimizing the sales network, strengthening brand building, and increasing brand awareness [1] - 17.1% of the funds will be allocated to establish a research and development center in Putian to enhance R&D capabilities for sustainable business growth, while 9.4% will be used for working capital or general corporate purposes [1] Group 3: Company Overview - Xipuni is a designer, manufacturer, and brand owner of gold watch cases and gold bezel watches in China, primarily generating revenue from its flagship brand HIPINE [2] - The company also earns income by assembling watch movements sourced from external suppliers and acts as an ODM manufacturer for third-party domestic jewelry brands and wholesalers [2] - Financial performance shows revenues of approximately RMB 324 million, RMB 445 million, RMB 457 million, and RMB 231 million for the fiscal years 2022, 2023, 2024, and the first five months of 2025, respectively [2]

Core Insights - Three companies, Zijin Gold International, Sipni, and Botai Che Lian, are currently in the process of public offerings, with significant oversubscription rates indicating strong investor interest [1] Group 1: Zijin Gold International (02259) - Total amount borrowed by brokers for Zijin Gold International is 4640.806 million HKD, with an oversubscription rate exceeding 184 times [1][2] - The total fundraising amount for Zijin Gold International is 2.498 billion HKD [2] Group 2: Sipni (02583) - Total amount borrowed by brokers for Sipni is 588.3228 million HKD, with an oversubscription rate exceeding 1896 times [1][2] - The total fundraising amount for Sipni is 0.31 billion HKD [2] Group 3: Botai Che Lian (02889) - Total amount borrowed by brokers for Botai Che Lian is 245.2006 million HKD, with an oversubscription rate exceeding 228 times [1][3] - The total fundraising amount for Botai Che Lian is 1.07 billion HKD [3]

智通财经APP获悉，紫金黄金国际(02259)、西普尼(02583)、博泰车联(02889)正在招股中。截止9月23 日，富途、辉立、耀才等券商合计为紫金黄金借出1872.859亿港元，超购逾73倍；合计为西普尼借出 154.8279亿港元，超购逾498倍；合计为博泰车联借出22.5086亿港元，超购逾20倍。 | 新股 | 券商 | 仔展(亿元) | 自率(%) | | --- | --- | --- | --- | | | 富途 | 906.90 | 0.00 | | | 辉立 | 503.00 | 0.00 | | | 耀才 | 90.00 | 0.00 | | | 安盛 | 40.80 | 0.00 | | 紫金黄金国际 | 信诚 | 60.00 | 0.00 | | (02259) | 宮立 | 13.79 | 0.00 | | | 时富 | 2.80 | 0.00 | | | 其他总和 | 255.569 | | | | 共计 | 1872.859 | | | | | 集资额:24.98亿元 | | | | | 认购:超购逾73倍 | | | | 富途 | 91.57 | 0.00 | | | 辉 ...

Group 1 - Typhoon Hagupit (Ragasa) has posed the biggest test for the Hong Kong Stock Exchange since the implementation of the "no trading during typhoons" rule last year, with the stock market opening for trading under a signal 10 warning for the first time [4] - Despite many functions being able to work remotely, some IT systems and trading personnel are required to work in the office, leading to a surge in hotel bookings in Central and Admiralty, with luxury hotels like Mandarin Oriental and Four Seasons fully booked [4] - Some banks have opted to hold meetings online due to the typhoon, including the Hong Kong Fixed Income and Currency Forum 2025, which was originally scheduled to be held in person [4] Group 2 - Zijin Gold International plans to globally offer approximately 348.99 million shares, accounting for 13.30% of total shares post-issue, with a maximum fundraising target of about HKD 24.98 billion, potentially reaching HKD 28.73 billion if the over-allotment option is fully exercised [5] - Xipuni plans to globally offer 10.6 million H-shares, accounting for 18.02% of total shares post-issue, with a maximum fundraising target of approximately HKD 314 million [5]

Group 1: Market Overview - The Hong Kong stock market has seen a significant recovery in IPO sentiment, with total fundraising exceeding 130 billion HKD by the end of August 2025, marking a nearly sixfold year-on-year increase and ranking first globally [1] - Gold-related stocks have become particularly favored among investors, driven by soaring gold prices [1] Group 2: Company Profile - Xipuni - Xipuni, a prominent player in the gold watch sector, is based in Putian and was founded in Shenzhen, focusing on the design and manufacturing of precious metal watches [3] - The company holds a 27.08% market share in China's gold watch market, making it the largest brand by GMV in 2024 [3] Group 3: Financial Performance - Xipuni's revenue has shown a recovery, with a 21.6% year-on-year increase to 231 million CNY in the first five months of 2025, reversing a slowdown in growth observed in 2024 [4] - The company's net profit has also rebounded, reaching 42.8 million CNY in the first five months of 2025, which is 86.7% of the total net profit for 2024 [5] - Gross margin has improved from 19.8% in 2022 to 31.01% in the first five months of 2025, indicating better product mix and cost management [5] Group 4: Revenue Structure and Growth Drivers - Xipuni's revenue is primarily driven by its own brand (OBM), which accounts for 80%-90% of sales, while ODM business contributes supplementary income [6] - The company has diversified its product offerings, reducing reliance on traditional gold watches, with the share of gold jewelry and products rising from less than 10% in 2023 to 46.6% in 2025 [6] Group 5: Market Trends and Opportunities - The precious metal watch market in China is projected to grow at a compound annual growth rate (CAGR) of 5.19% from 2024 to 2029, reaching 340.8 billion CNY by 2029 [8] - The dual nature of gold as both a consumer and investment product is driving demand, particularly in uncertain economic conditions [8] Group 6: Challenges and Risks - Xipuni faces challenges such as high inventory levels of 656 million CNY and a turnover period of 708 days, which are significantly above industry norms [9] - The company has a high dependency on a few major clients, with sales to the top five clients accounting for over 87% of total revenue, which poses risks to revenue stability [9] - Brand recognition remains a challenge compared to larger competitors in the jewelry and watch sectors, necessitating a shift from being a "channel brand" to a "consumer brand" [9]