HK Stock Connect Insight | NEW VISION CO (02632.HK) First-Half Revenue Up 2.1% YoY, HUD Solutions Revenue RMB 301 Million
- NEW VISION CO listed on the Main Board of HKEX on March 24, 2026 at an offer price of HKD 44.20, with a global offering of approximately 16.2265 million H shares and net proceeds of approximately HKD 650 million.
- Founded in 2015 and headquartered in Jiangsu, NEW VISION CO is a smart cockpit company focused on the research and development, manufacturing and sale of automotive head-up display (HUD) solutions and listed on HKEX in March 2026.
- the company's revenue for the first half of 2026 was RMB 328 million, up 2.1% year on year, of which revenue from HUD solutions was RMB 301 million, up 1.4% year on year.
NewTimeSpace News: On October 28, 2026, NEW VISION CO closed at HKD 52.70, up 0.48% for the day, with turnover of HKD 19.2324 million.
According to publicly available information, NEW VISION CO listed on the Main Board of HKEX on March 24, 2026 at an offer price of HKD 44.20, with a global offering of approximately 16.2265 million H shares and net proceeds of approximately HKD 650 million. The Hong Kong public offering was oversubscribed 68.89 times.
Since its listing on March 24, 2026, the share price has ranged from a high of HKD 137.50 to a low of HKD 27.70. As of October 28, 2026, the stock closed at HKD 52.70, about 19.2% above the offer price of HKD 44.20. Since its inclusion in Stock Connect, the share price has fallen from HKD 60.00 at the close on September 7, 2026 to HKD 52.70, a cumulative decline of about 12.2%.
Hang Seng Indexes Company announced on August 21, 2026 the results of its quarterly review of the Hang Seng Index series for the period ended June 30, 2026, under which NEW VISION CO was included in the Hang Seng Composite Index, with the constituent change effective on September 7, 2026. The Shanghai and Shenzhen stock exchanges subsequently adjusted their respective lists of eligible securities under Stock Connect, and the company's H shares were included in the list of eligible securities for Stock Connect with effect from September 7, 2026.
Founded in 2015 and headquartered in Jiangsu, NEW VISION CO is a smart cockpit company focused on the research and development, manufacturing and sale of automotive head-up display (HUD) solutions and listed on HKEX in March 2026. Its products cover the windscreen HUD solution CyberLens, the augmented reality HUD solution CyberVision, as well as electronic rear-view mirrors and transparent A-pillars.
On the financial front, the company's revenue for the first half of 2026 was RMB 328 million, up 2.1% year on year, of which revenue from HUD solutions was RMB 301 million, up 1.4% year on year. Loss for the period was RMB 413 million, mainly attributable to a fair value loss of RMB 362 million on the redeemable liability on equity shares, a non-cash item.
A research report by Guosen Securities noted that penetration rates of individual products in the smart cockpit segment, such as larger-screen products, HUDs and cockpit domain controllers, continue to rise, and that the penetration rate of AR-HUD, as hardware supporting advanced intelligent driving, continues to climb, sustaining the sector's momentum.
