HK shares Newly Listed Stocks Tracking Weekly Report: No Lock-up Expiries Next Week; INNOGEN-B and HAIZHI TECH GP Both Down Over 13% for the Week - 20260814

During this week (10-14August), newly listed stocks traded mixed. JIANGXI BIO, which fell sharply last week, rebounded 45.38% this week, while AUNTEA JENNY retreated 24.70% after rising last week following its lock-up expiry. Among the stocks with lock-up expiries this week, apart from HAIZHI TECH GP and INNOGEN-B, which fell more than 13%, the other names fluctuated relatively mildly. No company stock is scheduled for lock-up expiry next week, marking a rare lull in lock-up expiries recently. In terms of liquidity, Z.AI and MINIMAX-W continued to lead, while average daily turnover for GIGADEVICE and ZJ INNOLIGHT fell below HKD 2 billion. QIYUNSHAN FOOD still ranked first in cumulative gain.

I. Weekly Changes: JIANGXI BIO Rebounds Over 45%, AUNTEA JENNY Gives Back Last Week's Gains

The top weekly gainers among newly listed stocks included JIANGXI BIO (+45.38%), BLOKS (+31.43%), WENGE AI (+23.98%), JINYAN KAOLIN (+23.25%) and NEWTREND GROUP (+23.21%). JIANGXI BIO, which ranked first in declines last week with a 37.02% fall, ranked first in gains this week, showing wide intra-week swings. JINYAN KAOLIN, which had long lingered at the bottom of the liquidity range, rose more than 20% this week. On the downside, AUNTEA JENNY fell 24.70% this week; the stock rose 13.55% after its lock-up expiry last week, and this week's retreat exceeded last week's gain. VIGONVITA-B fell 21.32%, IMPRESSION DHP fell 13.97%, ILUVATAR COREX fell 13.88%, and HAIZHI TECH GP fell 13.70%. HAIZHI TECH GP had its lock-up expiry this week and ranked among the top decliners in the expiry week.

II. Review of Lock-up Expiries This Week: HAIZHI TECH GP and INNOGEN-B Both Down Over 13%

Six newly listed stocks had lock-up expiries this week. AXERA unlocked 5,115.63 million shares on 10 August and edged down 2.95% in the week. AB&B BIO-TECH-B unlocked 26,291.92 million shares on 11 August; as the stock was suspended, the expiry impact was not reflected in its price. WUXI LEAD also unlocked 4,680.66 million shares on 11 August and rose 2.31% in the week, one of the few names among this week's expiry stocks to close higher. WOER unlocked 4,822.88 million shares on 13 August and fell 7.14% in the week. HAIZHI TECH GP unlocked 172.88 million shares, a relatively small volume, and fell 13.70% in the week. INNOGEN-B unlocked 38,372.90 million shares and fell 13.03% in the week. Among this week's expiry stocks, HAIZHI TECH GP and INNOGEN-B both fell more than 13%, while the other names moved within 8%.

III. Next Week's Lock-up Expiry Preview: No Company Stock Scheduled for Lock-up Expiry

IV. Liquidity Observations: Z.AI and MINIMAX-W Lead in Average Daily Turnover

Among the top five newly listed stocks by liquidity this week, Z.AI posted average daily turnover of HKD 7.897 billion, continuing to rank first, with an average daily turnover rate of 2.56%. MINIMAX-W ranked second with average daily turnover of HKD 6.898 billion and a turnover rate of 7.42%. GIGADEVICE ranked third with HKD 1.976 billion, ZJ INNOLIGHT fourth with HKD 1.968 billion, and ZIJIN GOLD INTL fifth with HKD 1.606 billion. Among the top five, the top two each recorded average daily turnover above HKD 6 billion, while the remaining three ranged between HKD 1.6 billion and 2 billion. Among the low-liquidity names, BIOSTAR PHARM-B posted average daily turnover of HKD 5,766, CONTIOCEAN HKD 6,410, CONCH MAT TECH HKD 15,292, XJ ELECTRICS HKD 18,706 and SYNTRUST GK HKD 24,475, with thin trading persisting.

V. Deviation from IPO Price: QIYUNSHAN FOOD Leads with Cumulative Gain of 1162%, CIDI Tops the Below-Issue-Price List

Compared with IPO prices, QIYUNSHAN FOOD closed at HKD 101.00, a deviation of 1162.50% from its IPO price of HKD 8.00, ranking first among newly listed stocks by deviation for the second consecutive week. DEEPZERO ranked second with a closing price of HKD 622.50, a deviation of 1021.62%. Z.AI ranked third with a closing price of HKD 1270.00, a deviation of 992.94%. NEW GONOW RV showed a deviation of 608.66% and TH MEDICAL-B 541.84%, with the latter newly entering the top five this week. On the below-issue-price side, CIDI closed at HKD 19.82, a deviation of -92.46%, the largest below-issue fall among newly listed stocks. ZG GROUP-W showed a deviation of -92.20%, HESAI-W -91.35%, B&K CORP-B -89.79% and CLOUDBREAK-B -88.37%. The deviations of this week's top five below-issue names were broadly flat versus last week.

Matters to Watch Next Week

1. No newly listed stock is scheduled for lock-up expiry next week, a rare lull in expiries recently; the market's overall performance without expiry pressure is worth watching.

2. JIANGXI BIO rose 45.38% this week after falling 37.02% last week, with wide intra-week swings; its subsequent trend is worth observing.

3. INNOGEN-B unlocked 38,372.90 million shares and fell 13.03% this week; its performance in the first full trading week after the lock-up expiry still merits attention.

Note: This report defines "newly listed stocks" as HK-listed targets listed for less than 24 months.

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