HK Sub-New-Listings Tracking Weekly: DEEPZERO Cumulative Gain of 1,320% Tops the List; AUX ELECTRIC to Unlock 1.301 Billion Shares Next Week - 20260828

This week (August 17-21), the sub-new-listing market ended mixed. B&K CORP-B, last week's leader, retreated 25.55% this week. JIAXIN INTL RES fell 4.87% in the first week after its lock-up expiry, and SHUANGDENG declined 7.36% after unlocking, with the impact of lock-up expiries relatively contained. Next week, AUX ELECTRIC will unlock 1.301 billion shares, the largest single-stock unlock of recent weeks. In terms of liquidity, Z.AI's average daily turnover fell to HKD 4.672 billion, the lowest level since July. DEEPZERO's cumulative gain overtook QIYUNSHAN FOOD to take the top spot, while CIDI's discount to its IPO price widened further to more than 93%.

I. Weekly Changes:HIPINE Leads; B&K CORP-B Retreats After a Spike

The week's top gainers among sub-new-listings included HIPINE (+30.55%), JIANGXI BIO (+28.13%), DEEPZERO (+23.20%), DAHON TECH (+22.96%) and AXERA (+22.06%). JIANGXI BIO's weekly changes since August have been -37.02%, +45.38% and +28.13%, reflecting high volatility. DEEPZERO continued to advance this week while holding the top cumulative-gain position. On the downside, DKE fell 32.76% this week, the steepest drop among sub-new-listings; BASIC SEMI fell 26.78%, B&K CORP-B dropped 25.55%, RECONOVA declined 23.92% and GREEN TEA GROUP lost 22.62%. B&K CORP-B ranked first last week with a 68.08% gain before its weekly decline entered the top five this week, showing significant intra-week swings. RECONOVA has fallen more than 18% for two consecutive weeks.

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

Two sub-new-listings unlocked this week. JIAXIN INTL RES unlocked 28,000.00 ten-thousand shares on 28 August, the week's last trading day, and fell 4.87% for the week. The stock had accumulated a gain of more than 500% before unlocking, and its first-week decline after expiry was relatively mild. SHUANGDENG unlocked 4,898.92 ten-thousand shares on 26 August and fell 7.36% cumulatively over the three trading days after unlocking. Neither stock's weekly decline exceeded 10%, suggesting that this week's unlock impact was relatively contained compared with the 30%-plus drops suffered by some unlocked names in prior weeks.

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

Only one sub-new-listing will unlock next week. AUX ELECTRIC will unlock 130,092.13 ten-thousand shares on 2 September, the largest single-stock unlock on record in recent months' weekly reports. Next week's unlock schedule is concentrated in a single name, with a large absolute unlock size.

IV. Liquidity Observations: Z.AI's Average Daily Turnover Falls to HKD 4.7 Billion

Liquidity among sub-new-listings retreated overall this week. Z.AI's average daily turnover of HKD 4.672 billion was down markedly from HKD 7.305 billion last week, the lowest single-week level since July, with its average daily turnover rate down to 1.80%. MINIMAX-W's average daily turnover fell to HKD 3.425 billion from HKD 4.612 billion last week. ZJ INNOLIGHT (HKD 1.422 billion), GIGADEVICE (HKD 1.360 billion) and ZIJIN GOLD INTL (HKD 1.344 billion) ranked third to fifth respectively. All top-five liquidity names posted average daily turnover below HKD 5 billion this week, a recent low. Among the least liquid names, USAS BUILDING averaged HKD 1.5 thousand of daily turnover, AUGROUP HKD 3.1 thousand, YIBIN BANK HKD 3.9 thousand, SYNTRUST GK HKD 12.1 thousand and XJ ELECTRICS HKD 14.9 thousand. YIBIN BANK and USAS BUILDING have repeatedly appeared at the bottom of the liquidity rankings.

V. Deviation from IPO Price: DEEPZERO's Cumulative Gain of 1,320% Tops the List

Versus the IPO price, DEEPZERO's latest close of HKD 788.50 represented a deviation of 1320.72% from its IPO price of HKD 55.50, overtaking QIYUNSHAN FOOD to become the top sub-new-listing by price deviation. QIYUNSHAN FOOD closed at HKD 88.50, a deviation of 1006.25% and down markedly from last week's 1208.75%, falling to second place. Z.AI closed at HKD 1,090.00, a deviation of 838.04%, remaining third. NEW GONOW RV deviated 687.40% and JIAXIN INTL RES 508.06%. Despite involving a lock-up expiry this week, JIAXIN INTL RES remains in the top five by excess gain. On the discount side, CIDI closed at HKD 18.10, a deviation of -93.12%, remaining the sub-new-listing with the deepest discount to IPO price, widening further from last week's -92.72%. ZG GROUP-W deviated -92.75%, HESAI-W -91.85%, REFIRE -90.27% and CLOUDBREAK-B -88.56%.

Matters to Watch Next Week

1. AUX ELECTRIC will unlock 1.301 billion shares on 2 September, the largest single-stock unlock of recent weeks; the stock's performance in the week of the expiry merits close observation.

2. Z.AI's average daily turnover fell to HKD 4.672 billion, the lowest since July; whether the liquidity contraction trend persists requires attention.

3. B&K CORP-B rose 68.08% last week and fell 25.55% this week, with cumulative two-week swings exceeding 90 percentage points.

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.