数据来源：中国海关，智研咨询整理 近一年中国手表出口情况统计图 相关报告：智研咨询发布的《2026-2032年中国手表行业市场现状调查及投资方向研究报告》 数据来源：中国海关，智研咨询整理 根据中国海关数据显示：2025年11月中国手表进口数量为62万只，同比增长43.5%，进口金额为2.26亿 美元，同比增长11.6%，2025年11月中国手表出口数量为5204万只，同比增长1.3%，出口金额为1.94亿 美元，同比下降11%。 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 近一年中国手表进口情况统计图 ...

Core Viewpoint - The stock of Xipuni (02583) has experienced a significant decline of over 10% after reaching a record high of 194 HKD on September 30, 2023, representing a cumulative increase of 555% from its IPO price of 29.6 HKD [1] Company Overview - Xipuni is a designer, manufacturer, and brand owner of gold watch cases and gold watch bezels in China, primarily generating revenue from its flagship brand "HIPINE" focused on solid gold watch products [1] - The company also has an 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, with a compound annual growth rate (CAGR) of 18% [1] - In the first five months of 2023, the company reported revenue of 230 million RMB, reflecting a year-on-year growth of 22% [1] - Net profit is expected to increase from 24 million RMB in 2022 to 49 million RMB by 2024, with a CAGR of 43% [1] - For the first five months of 2023, net profit reached 43 million RMB, showing a substantial year-on-year increase of 112% [1]

Core Points - The Geneva Haute Horlogerie Awards, known as the "Oscars of the watch industry," announced the winners of its 25th edition, with the Chinese watch brand "Beiluo Shimen" winning the "Bold Creativity Award" for its watch named "Mobius" [1] - The founder of "Beiluo Shimen," Dai Xin, stated that the Chinese watch industry has transitioned from the phase of having "no well-known brands" to the era of focusing on "quality" [1] - Raymond Loret, chairman of the Geneva Haute Horlogerie Awards, noted that the influence of Chinese watch companies is increasing, leading to more opportunities for awards [1] - Zhu Shunhua, president of the Shenzhen Watch Industry Association, highlighted recent breakthroughs in high-end "intelligent manufacturing" within the Chinese watch industry, enhancing brand international influence through exhibitions and exchanges with watch powerhouses like Switzerland, Germany, and Japan [1] - This marks the second time a Chinese brand has won an award at the Geneva Haute Horlogerie Awards, following the 2021 win by "Xijia" for its original watch "Blue Planet" [1]

Group 1: Gold Market Outlook - The international gold price is steadily rising due to expectations of continued interest rate cuts by the Federal Reserve [1] - Major banks like Morgan Stanley, JPMorgan, and Goldman Sachs have raised their gold price forecasts, with Goldman predicting a potential price of $4,000 per ounce by mid-2026 [1] - Buyers of gold are categorized into two types: conviction buyers, who buy regardless of price, and opportunistic buyers, who respond to price fluctuations [1] Group 2: Company Overview - Xipuni - Xipuni, a newly listed company, is a Chinese gold watch designer, manufacturer, and brand owner with its flagship brand "HIPINE" [2] - The company operates through two marketing models: a dealer network for its own brand and ODM manufacturing for third-party jewelry brands [2] - Xipuni has expanded its sales through 3,000 offline points in China and is seeking to expand into the Middle East in the coming years [2] Group 3: Financial Performance - In the first half of 2025, Xipuni reported revenue of 288 million RMB, a year-on-year increase of 27.2%, and a net profit of 57 million RMB, up 108.8% year-on-year [3] - The strong performance in gold watch sales is expected to continue, with positive results anticipated for the full year of 2025 [3]

Group 1 - Shenzhen Xipuni Precision Technology Co., Ltd. officially listed on the Hong Kong Stock Exchange on September 30, 2023, becoming the second company from Luohu District to go public this year [1] - Xipuni is projected to be the largest gold watch brand in China by GMV in 2024, as well as the largest brand of gold-inlaid precious metal watches [3] - After opening, the company's stock price surged to 130.00 HKD, representing a 339.19% increase, and closed at 106.00 HKD, up 76.40 HKD with a trading volume of 245 million shares [3] Group 2 - The public offering of shares by Xipuni accounted for 10% of the total global offering, with a subscription rate of 2505.90 times; the international offering made up 90% of the total, with a subscription rate of 3.90 times [5] - Established in 2013, Xipuni is recognized as a national high-tech enterprise and a specialized and innovative small and medium-sized enterprise, focusing on the integration of precious metal material research and precision watchmaking technology [8] - The company operates in the design, research and development, manufacturing, and sales of precious metal watches and fine jewelry, aiming to create mid-to-high-end precious metal wearable products [8] Group 3 - Xipuni has over 150 laboratory-grade precision instruments and has set up R&D centers and production bases in Longgang, Shenzhen, and Putian, Fujian, covering over 10,000 square meters [8] - The chairman and executive director, Li Yongzhong, stated that the successful listing in Hong Kong marks a new starting point for the company's development and recognition by the international capital market [8] - The Luohu District has been optimizing its enterprise service system, transitioning from passive to proactive support for business development, particularly for innovative and specialized enterprises [11]

Core Viewpoint - Xipuni (02583) experienced significant stock price increases, with a 258.11% rise on the previous trading day and a further 67.74% increase, reaching HKD 177.3, resulting in a total market capitalization of HKD 10.3 billion [1] Company Overview - Xipuni is a designer, manufacturer, and brand owner of gold watch cases and gold watch bezels in China, primarily generating revenue from its flagship brand "HIPINE" focused on solid gold watch products [1] - The company also engages in ODM business, providing manufacturing services for third-party jewelry brands and wholesalers [1] Financial Performance - Revenue is projected to grow from RMB 320 million in 2022 to RMB 456 million in 2024, reflecting a compound annual growth rate (CAGR) of 18% [1] - In the first five months of 2025, the company reported revenue of RMB 230 million, representing a year-on-year growth of 22% [1] - Net profit is expected to increase from RMB 24 million in 2022 to RMB 49 million in 2024, with a CAGR of 43% [1] - For the first five months of 2025, net profit reached RMB 43 million, showing a year-on-year increase of 112% [1]

Core Viewpoint - Xipuni (02583) experienced a significant stock price increase, rising 67% on the second day of trading after a previous surge of 258.11% [1] Company Overview - Xipuni is a designer, manufacturer, and brand owner of gold watch cases and gold watch bezels in China, primarily generating revenue from its flagship brand "HIPINE" focused on solid gold watch products [1] - The company also engages in ODM business, providing manufacturing services for third-party jewelry brands and wholesalers [1] Financial Performance - Revenue is projected to grow from 320 million RMB in 2022 to 456 million RMB in 2024, representing a compound annual growth rate (CAGR) of 18% [1] - In the first five months of 2025, the company reported revenue of 230 million RMB, reflecting a year-on-year growth of 22% [1] - Net profit is expected to increase from 24 million RMB in 2022 to 49 million RMB in 2024, with a CAGR of 43% [1] - For the first five months of 2025, net profit reached 43 million RMB, showing a remarkable year-on-year growth of 112% [1]

Core Viewpoint - Xipuni (2583.HK) experienced a significant increase of over 150% in the dark market prior to its debut on the Hong Kong stock market on September 30 [1] Group 1: Stock Performance - On September 29, Xipuni's stock price opened high and quickly surged, maintaining a high volatility trend [1] - As of the report, Xipuni's dark market stock price rose by 151.86%, reaching HKD 74.55 per share [1] Group 2: Company Overview - Xipuni is a designer, manufacturer, and brand owner of gold case watches and gold bezel watches in China [1] - The company's revenue primarily comes from the sales of gold case watches and gold bezel watches designed and manufactured under its flagship brand "HIPINE" [1]

Group 1 - The core viewpoint of the news is that Xipuni's IPO has been postponed due to adverse weather conditions, but it has seen significant oversubscription in its public offering [1] - Xipuni plans to issue 10.6 million H-shares with a price range of HKD 27 to HKD 29.6, aiming to raise up to HKD 310 million [1] - The company has received margin financing of HKD 66.3 billion, with the public offering being oversubscribed by 2,111.8 times [1] Group 2 - Xipuni is a designer, manufacturer, and brand owner of gold case watches 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 acting as an ODM manufacturer for third-party domestic jewelry brands [2] - Financially, Xipuni's revenues for the fiscal years 2022, 2023, 2024, and the first five months of 2025 were approximately RMB 324 million, RMB 445 million, RMB 457 million, and RMB 231 million respectively [2]

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]