NewTimeSpace News: Weichai Lovol Intelligent Agricultural Technology Co., Ltd. submitted its third listing application to the Hong Kong Stock Exchange on 22 June, with China International Capital Corporation (CICC) acting as the sole sponsor. According to Frost & Sullivan, by sales revenue, the Company ranks No.1 in China’s agricultural machinery equipment market with a 22.4% market share and also takes the top spot in China’s intelligent agricultural machinery market with a 38.1% market share. In 2025, the Company recorded total revenue of approximately RMB18 billion and adjusted net profit of around RMB991 million.
NewTimeSpace News: DDPai Technology Co., Ltd. filed its listing application with the Hong Kong Stock Exchange on 22 June, with Silverbright International Capital Limited acting as the sole sponsor. According to Frost & Sullivan, by shipment volume in 2025, the Company ranked first globally in the screenless vehicle smart imaging device market with a 7.0% market share, and second in the overall global vehicle smart imaging device market with a 4.9% market share.
NewTimeSpace News: Taihe Music Group filed its listing application with the Hong Kong Stock Exchange on 22 June, with Deutsche Bank and China Construction Bank International Capital acting as joint sponsors. According to Frost & Sullivan, based on 2025 revenue, the Company is a global leader in independent Chinese-language music content and services, as well as a pioneer in integrating the full industrial ecosystem of music.
NewTimeSpace News: Shanghai Yuepu Digital Intelligence Technology Co., Ltd. filed its listing application with the Hong Kong Stock Exchange on 22 June, with China Merchants Securities (International) acting as the sole sponsor. The Company is a leading AI-driven integrated social media marketing service provider in China. According to Frost & Sullivan, the Company ranked second in China’s integrated social media marketing service market by revenue in 2025. It served a total of 284 clients in 2025, among whom 188 were clients for full-link integrated marketing solutions.
NewTimeSpace News: Anker Innovations Technology Co., Ltd. (00668.HK) launched its public IPO subscription on 23 June. Each trading lot comprises 100 shares, with a minimum entry fee of around HK$10,032.16. The Company plans to offer approximately 46.6328 million H Shares under the Global Offering, capped at an offer price of HK$99.32 per share, with official listing scheduled for 2 July. A number of cornerstone investors including E Fund, Harvest Fund, China Asset Management and Bosera Fund have been introduced. Calculated at the maximum offer price, they will subscribe for a total of around 23.2717 million Offer Shares, accounting for approximately 49.90% of the total Global Offering Shares (assuming no exercise of the Offer Size Adjustment Option and Over-allotment Option).
NewTimeSpace News: Shenzhen HQVT Technology Co., Ltd. (01392.HK) was listed on the Hong Kong Stock Exchange today with a final offer price of HK$7.20 per share. At market close, the stock settled at HK$26.70, representing a rise of HK$19.50 or 270.83% over the offer price. It hit an intraday high of HK$30 and a low of HK$25, with total trading turnover of HK$709 million and latest market capitalization of HK$20.189 billion.
NewTimeSpace News: Hj Science Co., Ltd. (06132.HK) launched grey market trading today. As of press time, its grey market price stood at HK$74.20, down HK$7.60 or 9.29% compared with the IPO offer price.
NewTimeSpace News: Grey market trading of Senior Material (06067.HK) commenced on 22 June. As of press time, the grey market price hit HK$12.16, representing a 35.41% increase compared with the offer price of HK$8.98, with formal listing scheduled for the next day. The total number of offer shares stood at 149.52 million, raising gross proceeds of approximately HK$1.263 billion.
NewTimeSpace News: BASiC Semiconductor Co., Ltd. passed the HKEX listing hearing on 21 June, with Guojin Securities (Hong Kong) and BOC International acting as joint sponsors. Founded in 2016, the firm focuses on R&D, manufacturing and sales of silicon carbide power devices. Per Frost & Sullivan data based on 2024 revenue, it ranks 6th in China’s SiC power module market with a 2.9% share, and 9th in both China’s SiC discrete device market (2.7% share) and power semiconductor gate driver market (1.7% share). The domestic SiC power device market surged from RMB1.1 billion in 2020 to RMB6.9 billion in 2024 at a CAGR of 59.7%, and is projected to hit RMB42.8 billion by 2029. The market remains highly concentrated, with leading international players capturing over 50% share in both SiC module and discrete device markets.
NewTimeSpace News: Tanboer Group Co., Ltd. passed the listing hearing of The Stock Exchange of Hong Kong Limited on 21 June, with China International Capital Corporation (CICC) acting as the sole sponsor. According to China Insights Consultancy (CIC), by retail sales volume in 2025, the Group ranks as China’s 7th largest professional outdoor apparel brand with a market share of 2.2%, and the 4th largest domestic professional outdoor apparel brand capturing a 5.0% market share. Its online channel revenue jumped from RMB349 million in 2023 to RMB1.254 billion in 2025, representing a two-year growth of approximately 260%.
NewTimeSpace News: DataStory Artificial Intelligence Technology Co., Ltd. submitted its listing application to the Hong Kong Stock Exchange on 18 June, with CITIC Construction Investment International acting as the sole sponsor. The company ranks third by revenue in China’s enterprise LLM-powered business growth market for 2025, posting full-year revenue of RMB503.3 million, representing a year-on-year growth of 77.6%. It has served more than 65 Fortune Global 500 corporations as of 31 March 2026.
NewTimeSpace News: Guangzhou Zhiyi Biotechnology Co., Ltd. filed a listing application with the Hong Kong Stock Exchange on 18 June, jointly sponsored by Guotou Securities International and Industrial Securities International. The clinical-stage biotech firm specialises in Live Biotherapeutic Products (LBPs), with core asset SK08 targeting irritable bowel syndrome and ulcerative colitis, and SK10 for chemotherapy-induced diarrhoea. As a pioneer of second-generation LBPs in China, it participated in formulating industry standards for Akkermansia muciniphila. The global LBP market reached USD4.7 billion in 2025 and is projected to hit USD7.5 billion by 2030, per Frost & Sullivan data.
NewTimeSpace News: Shenzhen Transsion Holdings Co., Ltd. (688036.SH) refiled its H-share listing application with the Hong Kong Stock Exchange on 18 June, with CITIC Securities acting as the sole sponsor. Ranked the No.1 mobile phone supplier across global emerging markets by 2024 shipment volume, it takes the top position in Africa and emerging Asia Pacific regions, with sales footprint covering over 100 countries and territories. The Group shipped 169 million mobile handsets in 2025, and Transsion OS recorded over 290 million monthly active users.
NewTimeSpace News: CSPC Innovation Pharmaceutical Co., Ltd. refiled its listing application with the Hong Kong Stock Exchange on 18 June, with CITIC Securities acting as the sole sponsor. The company ranks as the world’s largest manufacturer of chemically synthesized caffeine by revenue and shipment volume from 2020 to 2025, serving major global clients including The Coca-Cola Company, PepsiCo and Red Bull GmbH. Its business portfolio has expanded into health food, functional pharmaceutical APIs and biopharmaceuticals covering antibodies, ADCs and mRNA vaccines; the Group acquired equity interest in Jushi Bio in 2024 to foray into biotech.
NewTimeSpace News: Jiangxi Institute of Biological Products Inc. (06915.HK) commences its public offering on 22 June, with a board lot of 500 shares and an entry fee of roughly HK$6,595.86. The offer price range is HK$9.33 to HK$13.06 per share. The Company plans a global offering of approximately 36.2345 million H-shares and expects to list on 30 June. WSH has been introduced as the sole cornerstone investor with a total subscription consideration of HK$50 million. Based on the median offer price of HK$11.20, it will subscribe for around 4.464 million Offer Shares, accounting for approximately 12.32% of the total Global Offering shares (assuming the Over-allotment Option is not exercised).
NewTimeSpace News: Guangdong True Health Medical Technology Development Co., Ltd. (02697.HK) kicks off its public offering on 22 June, with a board lot size of 20 shares and an entry fee of roughly HK$2,735.30. The offer price range is HK$119.30 to HK$135.40 per share. The Company plans a global offering of approximately 3.5647 million H-shares and expects to list on 30 June. No cornerstone investors have been introduced for this offering.
