Core Viewpoint - Xipuni (02583) experienced a decline of over 10% after reaching a record high of 194 HKD on September 30, 2023, following its IPO, which was priced at 29.6 HKD, representing a cumulative increase of 555% [1] Company Overview - Xipuni is a designer, manufacturer, and brand owner of gold-cased and gold-bezel watches in China, with primary revenue derived from its flagship brand "HIPINE" focusing on solid gold watch products [1] - The company also generates revenue through ODM business, providing manufacturing services for third-party jewelry brands and wholesalers [1] Financial Performance - From 2022 to 2024, the company's revenue is projected to grow from 320 million RMB to 456 million RMB, reflecting a compound annual growth rate (CAGR) of 18% [1] - In the first five months of 2023, the company reported revenue of 230 million RMB, marking a year-on-year increase of 22% [1] - Net profit is expected to rise from 24 million RMB in 2022 to 49 million RMB in 2024, with a CAGR of 43% [1] - For the first five months of 2023, net profit reached 43 million RMB, showing a significant year-on-year growth of 112% [1]
港股异动 | 西普尼(02583)跌超10% 上市不到两个月股价曾飙升逾五倍