翻倍股，解禁！

Market Overview - The Hong Kong stock market turned bearish in the afternoon, with the Hang Seng Index down 0.08% to close at 24,162.87 points, the Hang Seng Tech Index down 0.76% to 5,392.19 points, and the Hang Seng China Enterprises Index down 0.15% to 8,767.36 points [2] - The technology, military, and semiconductor sectors experienced declines, while the metals sector saw gains, particularly in rare earths and innovative pharmaceuticals [2] Company Specifics - Mao Ge Ping's stock faced a decline of 3.27% on its first lock-up expiration day, with a total of 28.73 million shares (5.8% of total shares) being unlocked, amounting to a market value of approximately 3.4 billion [6][7] - The company has seen its stock price increase nearly 110% since its listing [7] - Other companies with upcoming lock-up expirations include Lao Pu Gold on June 28, Bluco on July 10, Gu Ming on August 12, and Mi Xue Group on September 3 [7] New Listings - METALIGHT (元光科技) experienced a significant drop of 30.26% on its first trading day, closing at 6.8 HKD per share, despite a high subscription rate of 274.44 times during the public offering [8] - Financial performance for METALIGHT shows revenues of 135 million, 175 million, and 206 million RMB for 2022, 2023, and 2024 respectively, with net losses of approximately 20 million, 20 million, and 26 million RMB for the same years [8] - The company has a cash balance of 56.31 million RMB against short-term liabilities of 426 million RMB, raising concerns about its debt repayment capacity [8] - Other new listings included Rongda Technology, which rose 42% to close at 14.2 HKD per share, and Xin Qi An, which increased by 21.43% to close at 22.95 HKD per share [8]