Group 1 - The core viewpoint of the article highlights the successful debut of the Chinese watch brand Xipuni (2583.HK) on the Hong Kong stock market, with a significant initial price surge of 183.7% [1] - The company issued 10.6 million shares at a price of 29.6 HKD each, achieving an oversubscription rate of 2,504.9 times for local offerings and 2.9 times for international offerings, raising a net amount of 268 million HKD (34 million USD) [1] - Xipuni primarily sells its own brand "HIPINE" gold watch cases and provides ODM and processing services for well-known domestic jewelry brands [1] Group 2 - For the fiscal year 2024, the company reported a revenue of 460 million HKD, reflecting a year-on-year increase of 2.5%, while the net profit was 49.348 million HKD, showing a decline of 5.3% [1] - The company plans to use the raised funds to enhance production capacity, expand and optimize its sales network, strengthen brand building, and establish a research and development center in Putian to improve its R&D capabilities [1]