Core Viewpoint - The recent trend in Hong Kong IPOs shows a significant increase in first-day stock price gains, with notable examples including Jinye International Group and Zhida Technology, which experienced substantial price surges in the dark market prior to their official listings [1][4]. Jinye International Group - Jinye International Group's dark market surge reached a peak of 880%, settling at 472% by the end of the dark market session [1]. - The company is a well-established electromechanical engineering contractor with a history dating back to 2006, focusing on supply, installation, maintenance, and repair of various systems [7]. - For the fiscal years 2023/24 and 2024/25, Jinye International Group is projected to undertake over 1,000 projects annually, with most projects contributing less than 500,000 HKD each, leading to higher gross margins due to lower subcontracting costs [7]. - Revenue is expected to increase from approximately 123 million HKD in 2023/24 to about 155 million HKD in 2024/25, marking a growth of 25.6% [8]. - The company's net profit is projected to rise from around 10.4 million HKD in 2023/24 to approximately 14.1 million HKD in 2024/25, reflecting a 35.6% increase [8]. - Jinye International Group's IPO expenses are estimated at 16.7 million HKD, accounting for about 30.4% of the total funds raised, indicating a financial burden due to its small size [8]. Zhida Technology - Zhida Technology ranks first in China for home electric vehicle charging pile sales, holding a market share of 13.6% in terms of volume and 6.6% in sales revenue [9][10]. - The company has faced declining revenues, with figures dropping from 697 million RMB in 2022 to 593 million RMB in 2024, indicating a downward trend [10][11]. - Zhida Technology has been operating at a loss since its inception in 2010, with net losses increasing from 25 million RMB in 2022 to 236 million RMB in 2024 [11][12]. - The company attributes its losses to intense market competition, leading to strategic price reductions to maintain market share, which has negatively impacted revenue [12]. - Gross margins have significantly decreased from 20.5% in 2023 to 14.9% in 2024, primarily due to pricing pressures [12][13]. - Zhida Technology is exploring profitability through dynamic revenue models and strict cost management, aiming to enhance gross margins once market conditions stabilize [14].
疯狂!两只股票暗盘涨疯了,最高暴拉880%!
证券时报·2025-10-09 11:52