| 02583 西普尼 | | | | --- | --- | --- | | 84.000↑+54.400 +183.78% 等待开盘 09/30 09:20 | | | | * % 9 目 ♡ | | 快捷交易 | | 最高价 84.000 | 开盘价 84.000 | 成交量 131.08万 | | 最低价 84.000 | 昨收价 29.600 | 成交额 8939.11万 | | 平均价 68.195 | 市福率 62.92 | 总市值 49.41亿 (…) | | 振 幅 -- | 市盈率(静) 92.71 | 总股本 5882.5万 | | 换手率 2.23% | 市净率 6.448 | 流通值 49.41亿 | | 52周最高 84.000 | 委 比 -33.33% | 流通股 5882.5万 | | 52周最低 84.000 | 量 比 -- | 岳 手 100股 | | 历史最高 84.000 | 股息ITM -- | 股息率TM -- | | 历史最低 84.000 | 股息LFY -- | 股息率LFY -- | 西普尼(2583.HK)今日首日在港挂牌上市，高开183.78%报84 ...

西普尼的ODM客户包括多个国内知名珠宝品牌，例如老凤祥、中国珠宝及周大生，公司与他们已建立 长期稳定的供应关系。根据灼识咨询的资料，就GMV计算，于2024年，西普尼既是中国最大的足金贵 金属手表品牌，亦是最大的镶足金的镶贵金属手表品牌，就足金贵金属手表的 GMV及镶足金的镶贵金 属手表的GMV计算的市场份额分别为27.08%及28.96%。 招股书显示，西普尼是中国的黄金表壳手表及黄金表圈手表设计商、制造商和品牌拥有人。于往绩记录 期间，该公司的收入主要来自销售以旗舰自主品牌HIPINE(西普尼)设计及制造的黄金表壳手表及黄金表 圈手表。该公司将外部供应商采购而来的手表机芯组装至手表中。该公司亦透过担任第三方国内珠宝品 牌及批发商的ODM制造商而获得收入，包括为其开发及生产贴牌手表及饰品，并提供受托加工服务。 智通财经APP获悉，西普尼(02583)首挂上市，公告显示，每股定价29.6港元，共发行1060万股股份，每 手100股，所得款项净额约2.69亿港元。截至发稿，涨183.78%，报84港元，成交额8939.11万港元。 ...

Group 1 - The company, Xipuni, will conduct an IPO from September 19 to September 24, 2025, issuing 10.6 million shares at a price range of HKD 27.0 to 29.6 per share, with an expected listing date of September 29 [1] - Xipuni is a designer, manufacturer, and brand owner of watch cases and bands for China Gold (600916), with its core brand being HIPINE [1] - The company's revenue sources include sales of its own brand watches and providing ODM services for well-known domestic jewelry brands such as Lao Feng Xiang, China Jewelry, and Zhou Dashing (002867) [1] Group 2 - The HIPINE brand has received honors such as "Shenzhen Famous Brand" and "Top 100 Shenzhen Brands" [1] - The company's sales channels primarily rely on a dealer network, and it has begun overseas expansion in collaboration with partners in Malaysia, with future plans to enter the Middle East market [1] - The global offering is expected to net approximately HKD 255 million, with funds allocated for capacity enhancement (40.28%), R&D strengthening (17.11%), sales network expansion and brand building (33.24%), and working capital (9.37%) [1]

Group 1 - The company, Xipuni (02583.HK), plans to globally offer 10.6 million H-shares, with 1.06 million shares available in Hong Kong and 9.54 million shares for international sale, with the offering period from September 19 to September 24, 2025, and expected pricing on September 25, 2025 [1] - The company is a designer, manufacturer, and brand owner of gold case watches and gold bezel watches in China, primarily generating revenue from sales of its flagship brand "HIPINE" [1][2] - The company has established long-term stable supply relationships with several well-known domestic jewelry brands, including Laofengxiang, China Jewelry, and Zhou Daxing, and has begun promoting and selling products through a major retail partner in China since 2023 [1][2] Group 2 - The product portfolio centers around the flagship brand HIPINE, which has been recognized as a "Shenzhen Famous Brand" since 2022 and ranked among the top 100 brands in Shenzhen in 2024 [2] - The company employs a direct trading distribution strategy through a network of over 3,000 offline retail points, allowing effective market penetration and rapid response to consumer preferences [2] - The company is expanding internationally, having started distribution and retail of HIPINE watches in Malaysia and plans to seek expansion in the Middle East in the coming years [2] Group 3 - The estimated net proceeds from the global offering, assuming a share price of HKD 28.3, is approximately HKD 255 million [3] - The company plans to allocate approximately 40.28% of the proceeds to enhance production capacity, 17.11% to establish a research and development center in Putian, 33.24% to expand and optimize the sales network and brand influence, and 9.37% for working capital or general corporate purposes [3]

Group 1 - The company, Xipuni (02583), plans to conduct a global offering of 10.6 million shares from September 19 to September 24, 2025, with a price range of HKD 27.0 to HKD 29.6 per share [1] - The company specializes in the design, manufacturing, and branding of gold-cased and gold-bezel watches, primarily under its flagship brand "HIPINE" [1][2] - The company has established long-term stable supply relationships with several well-known domestic jewelry brands, including Laofengxiang, China Jewelry, and Zhou Dasheng, through its ODM manufacturing services [1][2] Group 2 - The product portfolio centers around the flagship brand HIPINE, which has been recognized as a "Shenzhen Famous Brand" since 2022 and ranked among the top 100 brands in Shenzhen in 2024 [2] - The company employs a direct transaction distribution strategy through a network of over 3,000 offline retail points, enhancing market penetration and brand awareness [2] - The company has begun overseas expansion in collaboration with a Malaysian partner and aims to extend its presence in the Middle East in the coming years [2] Group 3 - The estimated net proceeds from the global offering, assuming a median price of HKD 28.3 per share, is approximately HKD 255 million [3] - The company plans to allocate approximately 40.28% of the proceeds to enhance production capacity, 17.11% to establish a research and development center in Putian, and 33.24% to expand and optimize the sales network and brand influence [3] - About 9.37% of the proceeds will be used for working capital or general corporate purposes [3]

Core Viewpoint - Shenzhen Xipuni Precision Technology Co., Ltd. (hereinafter referred to as Xipuni) is preparing for its listing on the Hong Kong Stock Exchange, with Ping An Securities (Hong Kong) as its sole sponsor [1]. Company Overview - Xipuni is a designer, manufacturer, and brand owner of gold watch cases and gold bezel watches in China. The company's revenue primarily comes from sales of gold watch cases and bezels designed and manufactured under its flagship brand HIPINE [4]. - The company also generates income by acting as an ODM manufacturer for third-party domestic jewelry brands and wholesalers, developing and producing private label watches and jewelry, and providing entrusted processing services [4]. - Xipuni has established long-term stable supply relationships with several well-known domestic jewelry brands, including Laofengxiang, China Jewelry, and Zhou Dasheng [4]. Technological Achievements - The company has developed proprietary supramolecular gold hardening technology, addressing the inherent softness of pure gold. This technology led to the launch of China's first mass-produced pure gold watch in 2014, which is considered a significant technological achievement in the watch manufacturing industry [5]. - In 2023, Xipuni developed a series of smart watches with pure gold components using Huawei's smart chip technology [5]. Brand Recognition and Sales Strategy - The flagship brand HIPINE has been recognized as a well-known brand in Shenzhen since 2022 and is expected to be listed among the top 100 brands in Shenzhen by the Shenzhen Quality Strong City Promotion Association in 2024 [5]. - The company's sales strategy primarily relies on a distribution network, utilizing over 3,000 offline retail points across the country to penetrate the market effectively and respond quickly to consumer preferences [5]. International Expansion - In the 2024 fiscal year, Xipuni began its overseas expansion by partnering with an experienced distributor and retailer in Malaysia to distribute and retail its HIPINE watches [6]. - The company aims to expand its presence in the Middle East in the coming years based on its momentum in overseas expansion [6]. Market Outlook - According to Zhaoshang Consulting, the Chinese precious metal watch market is expected to grow from RMB 26.46 billion in 2024 to RMB 34.08 billion by 2029, with a compound annual growth rate (CAGR) of 5.19% [8]. - The gold precious metal watch market in China is projected to reach RMB 32.11 billion by 2029, with a CAGR of 5.36% from 2024 to 2029 [8]. Financial Performance - The company's revenue for the fiscal years 2022, 2023, 2024, and the first five months of 2025 was approximately RMB 324 million, RMB 445 million, RMB 456 million, and RMB 231 million, respectively [9]. - The net profit and total comprehensive income for the same periods were RMB 24.54 million, RMB 52.10 million, RMB 49.35 million, and RMB 42.80 million, respectively [9].

Core Viewpoint - Shenzhen Xipuni Precision Technology Co., Ltd. is preparing for its listing on the Hong Kong Stock Exchange, with Ping An Securities (Hong Kong) as its sole sponsor [1]. Company Overview - Xipuni is a designer, manufacturer, and brand owner of gold watch cases and gold bezel watches in China. The company's revenue primarily comes from sales of its flagship brand HIPINE, which includes assembling watch movements sourced from external suppliers [4][5]. - The company has established long-term stable supply relationships with several well-known domestic jewelry brands, including Laofengxiang, China Jewelry, and Zhou Dasheng, and has begun promoting its products through a major retail partner in China starting in 2023 [4]. Technological Achievements - Xipuni's proprietary technology, supermolecular gold hardening technology, addresses the inherent softness of pure gold. This technology led to the launch of China's first mass-produced pure gold watch in 2014 and has enabled the development of smart watches with Huawei's technology in 2023 [4]. Product and Sales Strategy - The company's product portfolio centers around its flagship brand HIPINE, recognized as a well-known brand in Shenzhen since 2022. The sales strategy includes a direct transaction model through a vast network of over 3,000 offline retail points, enhancing market penetration and brand awareness [5]. - Xipuni has initiated overseas expansion in 2024, partnering with an experienced distributor in Malaysia to retail its products, with plans to expand into the Middle East in the coming years [5]. Market Outlook - The Chinese precious metal watch market is projected to grow from RMB 26.46 billion in 2024 to RMB 34.08 billion by 2029, with a compound annual growth rate (CAGR) of 5.19%. The gold precious metal watch market is expected to reach RMB 32.11 billion by 2029, with a CAGR of 5.36% [7]. Financial Performance - The company's revenue for the fiscal years 2022, 2023, 2024, and the first five months of 2025 were approximately RMB 324 million, RMB 445 million, RMB 456 million, and RMB 231 million, respectively. The net profit for the same periods was RMB 24.54 million, RMB 52.10 million, RMB 49.35 million, and RMB 42.80 million [7][8].