HK Recently Listed Stocks Insight | XUNLONG SCITECH (06715.HK): 1H Revenue Up 20.0% YoY, 8.1461 Million Cornerstone Lock-up Shares to Be Unlocked on December 31
- XUNLONG SCITECH (06715.HK) listed on the Main Board of The Stock Exchange of Hong Kong Limited on June 30, 2026 at an offer price of HKD 75.50, with a global offering of 16.3329 million H shares.
- the company disclosed its first interim results after listing in August 2026, posting revenue of RMB 362 million for the first half of 2026, up 20.0% year on year.
- Founded in 2003, XUNLONG SCITECH (06715.HK) focuses on sturgeon breeding, aquaculture, caviar processing and brand marketing.
NewTimeSpace News: On October 16, 2026, XUNLONG SCITECH (06715.HK) edged higher, quoting HKD 48.920 at the close, up 0.33%.
On the news front, according to previous disclosures, 8 cornerstone investors collectively hold 8.1461 million H shares, with lock-up periods all ending on December 30, 2026 and official unlocking from December 31, 2026, corresponding to a market value of approximately HKD 615 million based on the offer price. The cornerstone lineup involves Taikang Life Insurance, Shanghai Greenwoods Asset Management, ICBC Wealth Management, Mirae Asset Securities (Hong Kong) and others.
According to public information, XUNLONG SCITECH (06715.HK) listed on the Main Board of The Stock Exchange of Hong Kong Limited on June 30, 2026 at an offer price of HKD 75.50, with a global offering of 16.3329 million H shares; net proceeds were HKD 1.146 billion; the Hong Kong public offering was 2,134.81 times subscribed and the international offering 19.87 times subscribed.
In terms of performance, the company disclosed its first interim results after listing in August 2026, posting revenue of RMB 362 million for the first half of 2026, up 20.0% year on year; profit was RMB 179 million, up 1.6% year on year; adjusted net profit was RMB 209 million, up 15.7% year on year.
Founder Securities noted that as of the first half of 2026, the company's sturgeon inventory grew 18.3% year on year to approximately 16,000 tonnes, laying the foundation for subsequent revenue growth; with price increases implemented in the European market, the impact of exchange rate fluctuations on selling prices is expected to be hedged, while offline store expansion and "caviar+" product innovation will also help broaden the consumer base.
Founded in 2003, XUNLONG SCITECH (06715.HK) focuses on sturgeon breeding, aquaculture, caviar processing and brand marketing, and has built a business system covering the full industry chain; its international brand KALUGA QUEEN is sold in 46 countries and regions worldwide, supplying the first-class cabins of several international airlines and Michelin restaurants.
