--- title: "Hong Kong Stock Movement: SIGENERGY surged 103% on its first day of listing and then rose another 10.92%, sparking heated discussions on valuation rationality!" type: "News" locale: "en" url: "https://longbridge.com/en/news/284507928.md" description: "SIGENERGY rose 10.92%; Contemporary Amperex Technology Co., Limited (CATL) fell 0.32%, with a transaction volume of HKD 3.749 billion; Jinli Permanent Magnet rose 6.10%, with a transaction volume of HKD 275 million; Zhongwei New Materials rose 4.88%, with a transaction volume of HKD 241 million; Huiju Technology rose 1.59%, with a market value of HKD 45.5 billion" datetime: "2026-04-29T06:46:41.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284507928.md) - [en](https://longbridge.com/en/news/284507928.md) - [zh-HK](https://longbridge.com/zh-HK/news/284507928.md) --- # Hong Kong Stock Movement: SIGENERGY surged 103% on its first day of listing and then rose another 10.92%, sparking heated discussions on valuation rationality! **Hong Kong Stock Movement** SIGENERGY rose 10.92%. Based on recent key news: 1. On April 16, SIGENERGY successfully listed on the Hong Kong Stock Exchange, with its stock price soaring 103% on the first day, and its market capitalization exceeding HKD 160 billion. Although the stock price corrected the next day, the market capitalization remained stable at HKD 148 billion, sparking discussions about the reasonableness of its valuation. Source: Zhitong Finance 2. On April 29, SIGENERGY launched a multi-machine parallel solution based on fully networked high-speed communication, increasing the communication speed to 100 Mbps, significantly improving system performance and efficiency. Source: Zhitong Finance 3. On April 29, the global energy storage industry faces policy games and market volatility risks, requiring companies to cautiously manage investment scale and development pace. Source: Zhitong Finance The competition in the energy storage industry is intensifying, and policy risks are increasing. **Stocks with High Trading Volume in the Industry** CATL fell 0.32%. Based on recent key news: 1. On April 28, CATL announced a placement of new H shares at a price of HKD 628.2 per share, approximately a 7% discount to the previous day's closing price. This move led to a decline in stock price due to market concerns over changes in shareholder structure and the use of funds. Source: Zhitong Finance 2. On April 28, CATL opened down over 6%, with news that the placement share price was set at the bottom of the recommended range, further exacerbating market selling pressure. Source: Bloomberg 3. On April 27, CATL plans to raise USD 5 billion in Hong Kong through the placement, drawing market attention to its funding usage plans and globalization strategy. Source: CaiLianShe The demand in the new energy sector is strong, and market volatility is increasing. Jinli Permanent Magnet rose 6.10%. Based on recent key news: 1. On April 29, Jinli Permanent Magnet announced its Q1 2026 performance, with a net profit growth of 20.09% year-on-year, reaching RMB 193 million. The strong growth in performance drove the stock price up. Source: Zhitong Finance 2. On April 28, the company announced it would distribute a final dividend of RMB 2.2 for every 10 shares on June 26. This news boosted investor confidence, further driving the stock price up. Source: Zhitong Finance 3. On April 27, despite facing challenges from declining sales of new energy vehicles and fluctuations in neodymium-iron-boron prices, Jinli Permanent Magnet achieved steady growth through technological innovation and lean management. Under this backdrop, the stock price performed strongly. Source: Bamboo Works The overall performance of the rare earth industry is stable, with significant capital inflows. Zhongwei New Materials rose 4.88%. Based on recent key news: 1. On April 28, Zhongwei New Materials released its Q1 2026 financial report, with operating income growing 46% year-on-year and net profit growing 80.54%, driving the stock price up. The increase in sales of battery materials and new energy metals is the main reason. 2. On April 29, Zhongwei New Materials stated on the investor communication platform that the company has secured over 600 million wet tons of laterite nickel ore resources through equity participation and long-term agreements, and the rise in nickel ore prices has a positive impact on the company's profitability On April 27th, the company's integrated competitive advantage in the "resources + materials" field of nickel products became evident, with rising prices for nickel ore and nickel products driving continuous growth in overall profits. Sales of battery materials and new energy metals increased, and nickel ore prices rose. **Stocks ranked among the top in industry market capitalization** HuiJu Technology, up 1.59%, with a market capitalization of HKD 45.5 billion, has no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation ### Related Stocks - [06656.HK](https://longbridge.com/en/quote/06656.HK.md) - [03750.HK](https://longbridge.com/en/quote/03750.HK.md) - [06680.HK](https://longbridge.com/en/quote/06680.HK.md) - [02579.HK](https://longbridge.com/en/quote/02579.HK.md) - [01729.HK](https://longbridge.com/en/quote/01729.HK.md) ## Related News & Research - [Sigenergy Releases 2025 Environmental, Social, and Governance (ESG) Report](https://longbridge.com/en/news/284967120.md) - [Sigenergy Showcases Next-Generation Smart Energy Portfolio at Solar & Storage Live London 2026](https://longbridge.com/en/news/284993194.md) - [Market Analysis: Tesla And Competitors In Automobiles Industry](https://longbridge.com/en/news/285056132.md) - [Ganfeng Lithium Adds Guarantee Proposal to 2025 AGM Agenda](https://longbridge.com/en/news/285181095.md) - [Altech Batteries Updates Market on Expiry of Unlisted Options and Current Capital Structure](https://longbridge.com/en/news/285020520.md)