HK shares Newly Listed Stocks Tracking Weekly Report: B&K CORP-B Leads with 68% Weekly Gain; INNOGEN-B Down Over 45% Cumulatively in Two Weeks Since Lock-up Expiry - 20260821

This week (August 17-21), newly listed stocks rose more than they fell, with B&K CORP-B leading on a 68.08% weekly gain, as stocks previously languishing below their issue price rebounded. INNOGEN-B continued to fall 38.28% after last week's lock-up expiry, ranking among the worst performers for a second consecutive week. Lock-up expiries resume next week, with JIAXIN INTL RES due to unlock 280 million shares. On liquidity, Z.AI and MINIMAX-W continued to lead, with the threshold for the top five easing slightly from last week. QIYUNSHAN FOOD's cumulative gain re-expanded to 1,208%.

I. Weekly Changes: B&K CORP-B Leads; INNOGEN-B Extends Decline

Newly listed stocks with strong weekly gains included B&K CORP-B (+68.08%), DIAGENS-B (+42.16%), SDMC (+32.94%), BAOGAI (+29.79%) and DAZHONG DENTAL (+27.53%). B&K CORP-B had previously been among the stocks most deeply below issue price; its near-70% gain this week left its closing price clearly above the levels of prior weeks. DIAGENS-B, after falling 36.94% in a single week in mid-July, returned to the top of the gainers this week. On the downside, INNOGEN-B fell 38.28% this week, the largest decline among newly listed stocks. The stock had already fallen 13.03% after last week's lock-up expiry, and with the decline extending this week, its two-week cumulative loss exceeds 45%. NEW VISION CO fell 23.19%, RECONOVA fell 18.44%, TH MEDICAL-B fell 17.53% and MINIEYE fell 14.57%. INNOGEN-B is the only stock among the week's bottom five involving a recent lock-up expiry; the others are not subject to lock-up expiry events.

II. Review of Lock-up Expiries This Week: No Lock-up Expiries This Week

III. Next Week's Lock-up Expiry Preview: JIAXIN INTL RES Stands Out in Unlock Scale

Two newly listed stocks will see lock-up expiries next week. JIAXIN INTL RES unlocks 280,000,000 shares on August 28, the largest unlock of the week and the stock's first large-scale unlock since listing. Its latest closing price of HKD 69.80 represents a 539.19% deviation from the issue price of HKD 10.92, placing it at a relatively high cumulative gain level. SHUANGDENG unlocks 48,989,200 shares on August 26. While the number of stocks unlocking next week is small, JIAXIN INTL RES's single unlock is large in scale, and the stock carries a high cumulative gain ahead of the unlock.

IV. Liquidity Observations: Z.AI Leads with Average Daily Turnover of HKD 7.3 Billion

The top five liquidity ranking of newly listed stocks this week is broadly consistent with last week. Z.AI's average daily turnover of HKD 7.305 billion continues to rank first, with an average daily turnover rate of 2.81%. MINIMAX-W's average daily turnover of HKD 4.612 billion eased from HKD 6.898 billion last week, still ranking second with a turnover rate of 5.41%. GIGADEVICE recorded average daily turnover of HKD 2.023 billion, ZIJIN GOLD INTL HKD 1.674 billion and ZJ INNOLIGHT HKD 1.576 billion. Among this week's top five by liquidity, only the top two recorded average daily turnover above HKD 2 billion. Among stocks with low liquidity, CONTIOCEAN recorded average daily turnover of HKD 4,300, SYNTRUST GK HKD 7,900, XJ ELECTRICS HKD 11,600, BENQ HOLDING HKD 26,400 and AUGROUP HKD 27,100. The list of low-liquidity stocks is broadly the same as last week.

V. Deviation from IPO Price: QIYUNSHAN FOOD Leads with 1,208% Cumulative Gain

Compared with the issue price, QIYUNSHAN FOOD's latest closing price of HKD 104.70 represents a 1,208.75% deviation from the issue price of HKD 8.00, ranking first among newly listed stocks by deviation for a third consecutive week, with the deviation widening from 1,162.50% last week. DEEPZERO's closing price of HKD 640.00 represents a 1,053.15% deviation, remaining second. Z.AI's closing price of HKD 1,129.00 represents an 871.60% deviation, easing from 992.94% last week. NEW GONOW RV shows a 604.72% deviation and JIAXIN INTL RES 539.19%. On the downside, CIDI's closing price of HKD 19.15 represents a -92.72% deviation, remaining the newly listed stock trading most deeply below issue price. ZG GROUP-W shows a -92.55% deviation, HESAI-W -91.22%, REFIRE -89.06% and CLOUDBREAK-B -88.12%. REFIRE is the new entrant to the bottom five below-issue list this week.

Matters to Watch Next Week

1. JIAXIN INTL RES will unlock 280 million shares on August 28; the stock's latest closing price represents a 539% cumulative gain over the issue price, positioning it at a relatively high cumulative gain ahead of the unlock.

2. INNOGEN-B has fallen for two consecutive weeks since last week's lock-up expiry, dropping a further 38.28% this week with a two-week cumulative loss exceeding 45%, making it one of the weakest performers after lock-up expiry recently.

3. B&K CORP-B rose 68.08% this week, having previously traded persistently below issue price; its weekly gain ranks among the highest of newly listed stocks.

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

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.