--- title: "[HK IPO] Huaqin Technology Review, Plus Another Stock That Quadrupled in Half a Year" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/40127524.md" description: "Regarding Huaqin Technology, our strategy is clear. With the support of market sentiment and cornerstone investors, it's fine to participate. Additionally, A-shares are cheap, and if it lists on the Hong Kong market, there might be a valuation recovery. In yesterday's grey market, the FT board closed up 17.31%, and the HL board closed up 20.9%. Congratulations to those who got an allotment. On the second-to-last night, the margin was over 100 times. I thought I could sneak a win, but it unexpectedly surged to 400 times the next morning, with the final public offering fixed at 531 times. For Group A lottery and Group B's stable one, it's a normal winning rate, but it has nothing to do with sneaking a win..." datetime: "2026-04-23T07:21:15.000Z" locales: - [en](https://longbridge.com/en/topics/40127524.md) - [zh-CN](https://longbridge.com/zh-CN/topics/40127524.md) - [zh-HK](https://longbridge.com/zh-HK/topics/40127524.md) author: "[每天打个新](https://longbridge.com/en/profiles/16231871.md)" --- # [HK IPO] Huaqin Technology Review, Plus Another Stock That Quadrupled in Half a Year Regarding Huaqin Technology, our strategy is clear. With the support of market sentiment and cornerstone investors, it's fine to participate. Additionally, A-shares are selling cheap, and if it lists on the Hong Kong market, there might be a valuation recovery. ![image](https://pub.pbkrs.com/uploads/2026/c302607a843450c90b63ac4037b30932?x-oss-process=style/lg) In yesterday's grey market, the FT board closed up 17.31%, and the HL board closed up 20.9%. Congratulations to those who got an allocation. The margin financing was over 100 times the night before the last day. I thought I could sneak in a quick profit, but it unexpectedly soared to 400 times the next morning, with the final public offering ultimately fixed at 531 times. The allocation rate for Group A and the certainty for one lot in Group B were normal, but it had little to do with making a quick, easy profit. I expected this stock to rise about 10%. I sold as soon as the market opened and hit my target. The subsequent rise after the pullback slightly exceeded expectations. ![image](https://pub.pbkrs.com/uploads/2026/20984f66a708038e3db43d5695d3cdf9?x-oss-process=style/lg) In the short term, I personally think 90 should be the peak. I ended up speaking too soon, losing 0.2 HKD angrily yesterday. The sentiment boost in the grey market was still quite significant. ![image](https://pub.pbkrs.com/uploads/2026/956a421b8824dd61403a6387b621b2ad?x-oss-process=style/lg) On its first day of listing today, the price is basically reasonable, fluctuating roughly between 84 and 89, which meets expectations. ![image](https://pub.pbkrs.com/uploads/2026/5be1cc754373b51edb1a54039a139e26?x-oss-process=style/lg) Let's look at another one. I wrote an article about Jin Hai Medical last November and bought some myself. I day-traded within it and made over 20 percentage points in profit, feeling quite smug. ![image](https://pub.pbkrs.com/uploads/2026/e91e99fa182bcd77788dd2ffe065740a?x-oss-process=style/lg) ![image](https://pub.pbkrs.com/uploads/2026/e11ecbef0a6f87f2b6786a7c2da4bc44?x-oss-process=style/lg) Then, two days ago, a fan said Jin Hai had taken off. I opened the chart, and wow... ![image](https://pub.pbkrs.com/uploads/2026/6972c02cc69e5f2abf70756016ac440d?x-oss-process=style/lg) My first entry cost was 1 HKD. Holding until now, it's almost quadrupled. What a pity, what a pity. Some fans say their thighs are bruised from slapping them since they met Old Zhao. Don't even mention you, my own thighs have been in a constant state of redness and swelling. Let's not talk about Jin Hai and Bi Ren. There's also Cambridge. That stock was our main play during its IPO. We did make a quick profit, but I didn't hold onto it, selling everything during the grey market and on the first day. ![image](https://pub.pbkrs.com/uploads/2026/296a0c1e198d2b4a119d98efc6ad5a07?x-oss-process=style/lg) Later, I stumbled upon it again and bought a bit, thinking the position looked good. ![image](https://pub.pbkrs.com/uploads/2026/a13eb0a2173f5bf20d85852ed9afc45d?x-oss-process=style/lg) What was the price on February 25th? The closing price that day was 67.1 HKD. Similar to Jin Hai, I made over 10 percentage points and sold in the 70s. Now it's at 145. ![image](https://pub.pbkrs.com/uploads/2026/703ba0854ed492d2006afb55bca83a6a?x-oss-process=style/lg) I'm speechless... Actually, my personal investment style is relatively conservative, focusing on capital preservation, small gains, and not being greedy. Although my 理智 tells me selling was the right move, securing profits, emotionally speaking... It's really painful, Mafeifei. ![image](https://pub.pbkrs.com/uploads/2026/e63f0266d1f88c772bfa3d3ee5de0a96?x-oss-process=style/lg) Oh right, there's another stock called CSOP 2x Leveraged Samsung SK Hynix ETF. ![image](https://pub.pbkrs.com/uploads/2026/33477ba68e307892ea2730e20a6be10e?x-oss-process=style/lg) When you're speechless, you really do just laugh. $JINHAI MED TECH(02225.HK) $HUAQIN(03296.HK) $BIREN TECH(06082.HK) $XL2CSOPHYNIX(07709.HK) ### Related Stocks - [03296.HK](https://longbridge.com/en/quote/03296.HK.md) - [603296.CN](https://longbridge.com/en/quote/603296.CN.md) - [07709.HK](https://longbridge.com/en/quote/07709.HK.md) - [02225.HK](https://longbridge.com/en/quote/02225.HK.md) - [06082.HK](https://longbridge.com/en/quote/06082.HK.md) ## Comments (4) - **Xidian Ye · 2026-04-24T07:40:55.000Z**: Boss, selling for profit at any time is the right move. - **每天打个新** (2026-04-29T09:54:09.000Z): Yes $NVIDIA(NVDA.US) - **周五见 · 2026-04-23T15:35:42.000Z**: I'm pretty much the same as you. When selling, I just wanted to secure the profit and thought it was enough to make some money. Later, seeing that I basically sold too early and missed out on further gains still feels bad. Minimax, Zhipu, and even earlier, Mixue, were all like that. - **每天打个新** (2026-04-29T09:54:24.000Z): Deleted from watchlist, not watching hahaha