HK Recently Listed Stocks Watch | GPIXEL (03277.HK) cornerstone investors to unlock over 32.64 million shares on October 17; 2026 World Manufacturing Convention opens in Hefei

NewTimeSpace News: On September 21, 2026, image sensor theme stocks traded with volatility, while GPIXEL (03277.HK) strengthened. The stock closed at HKD 83.200, up 0.24%.

On the news front, the 2026 World Manufacturing Convention opened in Hefei, Anhui Province, on September 20, 2026, where the National Industrial Information Security Development Research Center released the Manufacturing Digital-Intelligent Transformation Capability Level (2026). The report showed that as of the first half of 2026, the national level of integration of informatization and industrialization reached 67.1; the penetration rate of artificial intelligence applications in key scenarios reached 34.2%, up 5.5 percentage points from a year earlier; 10.6% of manufacturing enterprises above designated size leveraged large artificial intelligence models to empower business innovation; and the proportions of enterprises that achieved digital penetration in research and design, production and manufacturing, and operation and management were 86.3%, 69.5% and 81.4% respectively.

In addition, on September 19, 2026, GCORE (688728.SH) disclosed its plan for the issuance of A shares to specific targets in 2026, proposing to raise a total of no more than RMB 4.2 billion, of which RMB 3 billion will be invested in a 12-inch CIS integrated circuit specialty process capacity expansion project and RMB 500 million in a high-performance, high-resolution image sensor R&D and industrialization project, with the remaining RMB 700 million to replenish working capital. According to the disclosure, the 12-inch CIS capacity expansion project involves a total investment of RMB 6.132 billion and a three-year construction period, and will add a monthly production capacity of 10,000 CIS image sensors.

GPIXEL (03277.HK) listed on the Main Board of the Hong Kong Stock Exchange on April 17, 2026, with an offer price of HKD 39.88 and 65,294,200 shares issued.

In terms of shareholding structure, the lock-up period for the company's 30 cornerstone investors is six months, and the nearest unlock date is October 17, 2026, when the 32,645,200 shares held in aggregate by the said cornerstone investors will be released from lock-up, representing 7.33% of the company's total share capital. In addition, the 12-month lock-up undertakings of the company's controlling shareholders and other existing shareholders are expected to expire in late April 2027, and the 36-month lock-up undertakings in respect of the shares held by the company's founders are expected to expire in late April 2029.

In terms of results, the company disclosed its first interim results since listing on August 21, 2026. In the first half of 2026, it recorded revenue of RMB 641 million, up 78.36% year on year; profit attributable to owners of the parent of RMB 250 million, up 197.16% year on year; adjusted net profit of RMB 285 million after excluding the impact of share-based payment expenses and listing expenses, up 127.2% year on year; and a gross margin of 68.7%, up 6.5 percentage points from 62.2% in the same period of 2025. By business segment, the industrial imaging business generated revenue of RMB 531 million, up 101.7% year on year, accounting for 82.8% of total revenue; the scientific imaging business generated revenue of RMB 102 million, up 13.8% year on year, accounting for 15.8% of total revenue.

GPIXEL (03277.HK) focuses on the R&D, design, testing and sales of high-performance CMOS image sensors (CIS). Adopting a fabless model, the company has launched nine major product series with more than 50 standard models, which are divided into area array sensors and line scan sensors by pixel arrangement, with products applied in high-end technology fields such as industrial imaging, scientific imaging, professional imaging and medical imaging. By 2024 industrial imaging revenue, the company ranked third among global CIS companies with a market share of 15.2%; by 2024 scientific imaging revenue, the company ranked third globally with a market share of 16.3%.

GUOSHENG FINANCE believes that demand for high-precision inspection in fields such as semiconductor manufacturing and high-end PCBs continues to increase. Through solutions such as enhancing TDI pixel technology and high-performance global shutters, the company has extended its detection capability to the ultraviolet, visible and infrared spectra; in the professional imaging field, the company has established a strategic partnership with Leica to develop the high-performance CMOS image sensors required for its next-generation cameras, so as to push the technical limits of digital photography; the company also plans to rely on its subsidiaries in Japan, Belgium and other locations to consolidate international customer development channels, in order to increase its market share in the CIS industry.

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