HK Recently Listed Stocks Insight | EXTREME VISION (06636.HK): lock-up on 1,180,000 H shares held by two cornerstone investors to expire on December 31

NewTimeSpace News:The Hong Kong stock market was closed today, October 19, 2026, for the day following the Chung Yeung Festival, so the quotation refers to the previous trading day (October 16), when EXTREME VISION (06636.HK) closed at HKD 64.15, down 0.54%.

On the news front, according to the Allotment Results Announcement previously disclosed by the Company, the two cornerstone investors hold an aggregate of 1.18 million H shares, and the final day of the relevant lock-up undertakings is December 31, 2026, after which the shares become tradable. Based on the offer price of HKD 40.00, the cornerstone investors subscribed for shares for total consideration of approximately HKD 47.2 million, representing approximately 9.46% of the total number of offer shares; among them, Zhengjin International subscribed for 1.13 million shares and GKI for 50,000 shares.

According to publicly available information, EXTREME VISION (06636.HK) listed on the Main Board of the Stock Exchange of Hong Kong on March 30, 2026 as a specialist technology company under Chapter 18C of the Listing Rules, at an offer price of HKD 40.00, under a global offering of 12.48 million H shares, comprising 2.496 million H shares under the Hong Kong public offering (after clawback), which was 4,591.37 times subscribed and triggered the clawback mechanism, and 9.984 million H shares under the international offering, which was 3.41 times subscribed; gross proceeds amounted to approximately HKD 499 million and net proceeds to approximately HKD 434 million, with a board lot of 50 shares.

In terms of performance, the Company published its first post-listing interim results on August 26, 2026. In the first half of 2026, it recorded revenue of RMB 165 million (the same below), up 181.2% year on year, mainly due to the accelerated commercialization and rapid application of its large model solutions across various sectors, while its standard AI computer vision solutions, customized AI computer vision solutions and software-defined integrated AI solutions maintained steady growth; gross profit was RMB 73.339 million, up 199.1%, with a gross margin of 44.4%, compared with 41.8% in the prior-year period; loss attributable to owners of the parent was RMB 40.831 million, narrowing 3.92% from RMB 42.498 million a year earlier; basic and diluted loss per share was RMB 0.38. From 2022 to 2024, the Company's revenue grew from RMB 102 million to RMB 257 million.

At the industry level, according to Frost & Sullivan data cited in the prospectus, by 2024 revenue the Company ranked eighth in China's emerging enterprise-level computer vision solutions market. The Company pioneered an AI vision algorithm marketplace with more than 1,500 image recognition algorithms covering over 100 industries; as of September 30, 2025, it had built a global community of hundreds of thousands of AI algorithm developers, served more than 3,000 customers in aggregate, delivered more than 6,000 projects since inception, and achieved a product repurchase rate of over 80%.