港股三大指数目前均跌逾1%，量化派(2685.HK)今日逆势走强，午后进一步拉升，一度涨8.32%至32.3 港元，股价创上市新高。该股去年累涨173.88%，2026年喜获开门红，该股年内迄今已连涨4个交易日 累涨超20%。该股于去年11月27日登陆港交所，现价较IPO价格9.8港元已经累涨229.59%。 公开资料显示，量化派成立于2014年，作为一家专注于中国消费领域的在线市场营运商，经营消费电商 平台"羊小咩"及汽车汽车零售O2O平台"消费地图"，协助业务伙伴将商品及服务与终端消费者匹配。 量化派的羊小咩平台自2020年11月起涵盖各式零售商品，如第三方市场供货商提供的消费电子产品、食 品及饮料、家电、化妆品、珠宝、服装及个人日常护理用品，并通过在线购买将该等消费品与公司的羊 小咩用户进行匹配。 量化派自2022年4月经营汽车零售O2O平台消费地图，目前主要与汽车零售商合作吸引在线流量，使其 能够在当地实体店线下购车，在较小程度上，消费地图亦可让消费者在在线购车。此外，量化派也为商 业伙伴提供广告服务。(格隆汇) ...

Core Points - Quantipai (2685.HK) debuted on the Hong Kong Stock Exchange, closing up 88.78% at HKD 18.5, with a total trading volume of HKD 1.27 billion and a market capitalization of approximately HKD 9.5 billion [1][2] Company Overview - Founded in 2014, Quantipai is an online market operator focused on the Chinese consumer sector, operating the e-commerce platform "Yangxiaomiao" and the automotive retail O2O platform "Consumption Map" [1] - The Yangxiaomiao platform has been operational since November 2020, offering a variety of retail products including consumer electronics, food and beverages, home appliances, cosmetics, jewelry, clothing, and personal care items, connecting these products with end consumers through online purchases [1] - Since April 2022, Quantipai has been operating the automotive retail O2O platform "Consumption Map," primarily collaborating with automotive retailers to attract online traffic, facilitating offline car purchases at local dealerships, and allowing limited online car purchases [1]

Core Viewpoint - Quantitative Pai (02685.HK) successfully listed on the Hong Kong Stock Exchange on November 27, 2025, amidst a tragic fire incident in Tai Po, leading to the cancellation of the bell-ringing ceremony to honor the victims [2]. Group 1: IPO Details - Quantitative Pai's IPO involved a global offering of 13.3475 million shares, representing 2.6% of the total shares post-issue, with a maximum price of HKD 9.80 per share, raising approximately HKD 131 million, and a net fundraising amount of about HKD 12.37 million [2]. - The public offering was oversubscribed by 9,366.28 times, while the international offering was oversubscribed by 15.07 times [2]. - The company's shareholder structure post-listing shows Dr. Zhou Hao and Ms. Sun Jinghuai holding a combined 33.03% as controlling shareholders, with other notable investors including Sunshine Life Insurance, Fosun International, and Gaorong Capital [2][3]. Group 2: Company Overview - Established in 2014, Quantitative Pai operates in the Chinese consumer sector, managing the e-commerce platform "Yang Xiaomian" and the O2O automotive retail platform "Consumption Map" [3]. - The Yang Xiaomian platform, launched in November 2020, offers a variety of retail products, including consumer electronics, food and beverages, home appliances, cosmetics, jewelry, clothing, and personal care items [3]. - The Consumption Map platform, operational since April 2022, collaborates with automotive retailers to drive online traffic to physical stores for car purchases, while also allowing online car buying to a lesser extent [3]. Group 3: Market Performance - As of midday trading, Quantitative Pai's share price reached HKD 20.90, reflecting a 113.27% increase, with a total market capitalization of approximately HKD 10.729 billion [4]. - The stock's highest price during the day was HKD 27.80, with a lowest price of HKD 20.60, and the previous closing price was HKD 9.80 [5].