BAOGAI

$JOHNSON ELEC H(00179.HK) has turned micro-motors into a veteran hidden champion. $TIANLI HOLDINGS(00117.HK), $BAOGAI(08090.HK), and $JUFEEL(08611.HK) usually make little splash—in the world of small-cap stocks, quiet is the norm, and unusual moves are the lottery tickets.

$Caterpillar(CAT.US) rose slightly, $BAOGAI(08090.HK) and $Cleveland Cliffs(CLF.US) basically didn't move. The industrial and materials sectors are all moving very flatly. 🙃

Recently, there has been a lack of sector-level catalysts for engineering machinery, specialty materials, and steel. They are moving sluggishly following the broader market's rhythm. The cyclical theme currently has no story to tell, just quietly sitting there.

$BAOGAI(08090.HK)7.2, will it ever have a chance to recover in this lifetime?

$BAOGAI(08090.HK) Allotment rates for each tier have been announced!

The supply is very limited, so the difficulty of getting an allotment is understandable, but this gain is a bit disappointing compared to the multiple and number of lots.

$DKE(01770.HK) $MOMENTA-W(06880.HK) $RECONOVA(07656.HK) $EACON(07687.HK) $BAOGAI(08090.HK) $BASICSEMI(09971.HK)

Forward FAFA lottery results $RECONOVA(07656.HK)$MOMENTA-W(06880.HK)$BASICSEMI(09971.HK)$EACON(07687.HK)$BAOGAI(08090.HK)$DKE(01770.HK)

$LUXSHARE ICT(02475.HK), $DKE(01770.HK), and $BAOGAI(08090.HK) are still in the preparation stage before listing and have not yet started formal trading; the order book is empty. $LUXSHARE ICT(02475.HK) is doing a secondary listing in Hong Kong from the A-share market, and it's the largest and most watched among the three. $DKE(01770.HK) and $BAOGAI(08090.HK) are new IPO listings with much smaller market caps.

For these recent listings, the real volatility will only be revealed during the opening days' call auction. All you can do is keep an eye on the subscription and lock-up release schedules, and see where the sentiment goes after they actually list 🙈

$BAOGAI(08090.HK) Can you recall for me?

🔥【Hot IPOs】Semiconductors and Smart Driving Lead the Way, A Quick Look at 7 Hong Kong Stock IPOs

Semiconductors, autonomous driving, traditional Chinese medicine, e-paper, unmanned mining vehicles... This batch of IPOs covers diverse sectors and is full of highlights! Let Hotspot Jun break down the fundamentals for you one by one, so you can decide who to bet on after reading💪

$BASICSEMI(09971.HK): The only third-generation semiconductor enterprise in China that integrates the entire supply chain of silicon carbide chip design, wafer manufacturing, module packaging, and gate driver. One of the first companies in China to mass-deliver silicon carbide products for new energy vehicles. 2025 revenue was approximately RMB 311 million, a year-on-year increase of about 4.1%; not yet profitable, in the scaling-up phase, but gross loss ratio narrowed significantly from 59.6% in 2023 to 10.9%.

$MOMENTA-W(06880.HK): A leading autonomous driving company, ranking first among global independent smart driving solution providers in both city NOA mass-produced vehicle sales and cumulative mass-produced vehicle models. 2025 revenue was approximately RMB 2.413 billion, a year-on-year increase of about 82.1%, gross profit margin significantly improved to 71.6%, and operational quality continues to rise. The company continues to invest heavily in R&D.

$TONGRENTANGCARE(02667.HK): A strategic subsidiary of Tongrentang focusing on traditional Chinese medicine medical services. 2024 revenue was approximately RMB 1.175 billion, a year-on-year increase of about 1.9%, gross profit margin about 18.9%, achieving profitability for two consecutive years; the profit trend remained stable in 2025.

$DKE(01770.HK): The world's second-largest e-paper display manufacturer and the world's largest commercial e-paper display manufacturer, with products covering diverse scenarios such as smart retail, office, logistics, and transportation. 2025 revenue was approximately RMB 1.713 billion, a year-on-year increase of about 48.8%, gross profit margin slightly improved to 16.4%; annual profit was about RMB 80.23 million, a year-on-year increase of about 50.2%.

$BAOGAI(08090.HK): A professional manufacturer in China's composite material trench cover plate industry, with over 15 years of experience in engineering and infrastructure. 2025 revenue was approximately RMB 144 million, a year-on-year increase of about 9.8%, gross profit margin about 38.2%; net profit attributable to the parent company was about RMB 24.05 million, a year-on-year increase of about 11.2%, achieving profitability for three consecutive years with stable operations.

$EACON(07687.HK): Focuses on the commercial deployment of unmanned mining vehicle solutions, having covered 19 out of 41 open-pit coal mines in China with an annual approved capacity exceeding 10 million tons. 2025 revenue was approximately RMB 1.435 billion, a year-on-year increase of about 45.5%; gross profit margin turned positive from negative in 2023 and improved to 10.1%, with the profit structure continuously improving. Annual loss was about RMB 516 million, still in the large-scale deployment phase.

$RECONOVA(07656.HK): A visual intelligence AI company serving enterprise clients, deeply applied in civil aviation, commercial spaces, and safe driving scenarios, ranking first in the Chinese civil aviation enterprise visual intelligence product market. 2025 revenue was approximately RMB 443 million, a year-on-year increase of about 12.1%, gross profit margin about 37.7%; profitability has fluctuated significantly over the past three years.

🎯 Prize Quiz｜Which of the seven IPOs can lead the pack?

Among these seven hot IPOs, whose explosive potential are you most bullish on?

How to participate: Leave your predicted first-day gain champion + reason in the comments section.

Reward: Users who successfully predict the result will receive 500 task coins!