HANGZHOU TONGSHIFU CULTURAL AND CREATIVE (GROUP) CO., LTD. (00664.HK) officially launched its H-share IPO on March 23, 2026, with an offer price range of HK$60 to HK$68 per share, 100 shares per lot and an entry fee of HK$6,868.57. The company is expected to list on the Main Board of the Hong Kong Stock Exchange on March 31, 2026.As the absolute leader in China's copper cultural and creative craft products market, the company has built a strong brand barrier in the cultural and creative sector with its unique positioning of "traditional craftsmanship + modern design".
Since its H-share debut in January 2026, domestic memory chip leader GigaDevice (03986.HK) has been a capital market favorite. As of March 19, its shares closed at HK$433.80, up 167.78% from the offer price. Expected 2025 revenue is approximately RMB 9.203 billion (+25%), with net profit reaching RMB 1.61 billion (+46%). This growth is primarily driven by the "AI Memory Chip Cycle," which optimized supply-demand structures. Driven by a surge in demand for AI servers and data centers, global memory chip prices have spiked, with some products rising over 130% month-on-month; a tight supply-demand balance is expected to persist until 2027.
Following a massive surge of nearly 12 times in the previous period, 160 Health (02656.HK) suffered a heavy blow on March 18, 2026, closing at HK$103.40 with a single-day drop of 31.52%, wiping out over HK$16 billion in market value. The day before the crash, the company issued a positive profit alert for 2025, expecting an adjusted net profit of RMB 3 million to 5 million, its first annual profit since listing, mainly due to significantly reduced operating expenses through AI empowerment. While benefiting from the Stock Connect and AI agent concepts, the key to its valuation stability remains whether it can convert "registration platform" traffic into a solid AI competitive moat in a fragmented market surrounded by giants like JD Health and AliHealth.
HQVT's second HKEX filing highlights its status as a market leader in China's multispectral AI and large model services. While 2025 revenue reached RMB 669 million with improved gross margins, the company faces a 27% dip in net profit and a significant operating cash outflow of RMB 130 million. As the perception intelligence market is projected to reach RMB 412.4 billion by 2029, HQVT's ability to balance aggressive growth with financial risk control will be its defining challenge post-listing.
Since being included in the Stock Connect in March 2026, Qingsong Health (02661.HK) has seen strong share price gains. As of March 17, it closed at HK$126.6, up 458.20% from its IPO price, with a market cap of HK$26.13 billion. The company has successfully pivoted from insurance services to digital integrated health services, with the latter accounting for 76.7% of revenue in H1 2025. However, this transition has triggered a surge in costs, causing gross margin to plunge from 82.6% to 32.5%. Additionally, active users have dropped sharply from 71 million to 23 million, posing serious challenges to user retention and acquisition momentum.
Following a roughly 40% decline in early March, CF PharmTech (02652.HK) closed up 21.39% at HK$27.92 on March 16, 2026, spurred by positive catalysts. On March 13, the IND application for its inhalation dry powder ICF001 (for PAH and PH-ILD) was accepted by the NMPA, potentially filling a domestic void in PH-ILD treatment. While the company has 6 marketed products, its core product CF017 (Budesonide Inhalation) accounts for over 90% of revenue, leaving its risk-resistance structure fragile. The current TTM P/E of 384.57x reflects high market expectations for the innovation pipeline but also carries the risk of a valuation pullback.
This guide advocates for a paradigm shift in financial digital asset evaluation via YouLianCloud GEOPlus. It introduces a three-tier framework: the Information Layer focuses on official recall rates for semantic accuracy; the Data Layer emphasizes structural compliance to boost source authority; and the Communication Layer targets multi-source citation frequency to build algorithmic consensus. This L3 standard ensures financial brands achieve high-weight, high-trust visibility in the generative AI search era.
On March 16, SmartMore Inc. officially filed for a Hong Kong IPO. Founded by Dr. Jia Jiaya and backed by the HKIC, the firm reported 2025 revenue of RMB 1.086 billion. Its proprietary IndustryGPT model now serves over 730 global clients, including Tesla and Zeiss. IPO proceeds will primarily fund R&D for industrial multi-modal models and accelerate international commercial expansion.
Affected by the surge in gold prices (breaking $5,100/oz) and the subsequent suppression of consumer demand, Zhou Liu Fu’s (06168.HK) share price continues to decline. As of the close on March 13, 2026, it was quoted at HK$21.28, down nearly 10% from its IPO price, with its market cap shrinking approximately 60% from its November 2025 peak to HK$9.376 billion. In H1 2025, revenue was RMB 3.15 billion and net profit was RMB 415 million. While maintaining double-digit growth, the revenue growth rate has slowed significantly from the 66% seen in 2023. Online channel revenue has surpassed 50% for the first time, becoming the new growth engine.
The key to GEO in financial marketing lies in "logical alignment." By leveraging Yoyi Link's GEOPlus across its three-layer architecture of information, data, and dissemination, official viewpoints are transformed into structured assets comprehensible to AI, thereby enhancing retrieval weight.
As the 2025 "Oversubscription King" under the HKEX Chapter 18C rule, Deepexi Technology (01384.HK) has recently experienced severe share price volatility. As of March 12, 2026, it closed at HK$69.80, with a single-day drop of 15.60% and a cumulative crash of nearly 40% over five trading days, reducing its market cap to HK$22.8 billion. While revenue is strong, losses persist; the company expects 2025 revenue of RMB 401M to 425M (up 65%-75% YoY), with core FastAGI growth exceeding 175%. However, estimated net losses remain as high as RMB 905M to 965M, bringing cumulative losses over the last four years to over RMB 3 billion.
AI search exposes SEO compliance risks. YouLianCloud GEOPlus builds L3 defense with agents and semantic data, ensuring accurate delivery as 2026 finance standard.
Delton Technology (Guangzhou) Inc. (01989.HK) launched its H-share IPO on March 12, 2026. The offer price is HK$71.88 per share, with 100 shares per hand and an admission fee of HK$7,260.49. The Company is expected to list on the Main Board of the Hong Kong Stock Exchange on March 20, 2026.According to Frost & Sullivan, ranked by cumulative revenue from computing server PCB from 2022 to 2024, the Company ranked third globally and first among all manufacturers headquartered in Chinese mainland.
Since its simultaneous listing on the capital markets of Hong Kong and Kazakhstan in August 2025, Jiaxin International Resources has seen its share price continue to climb on the strength of its core asset—the Bakuta Tungsten Mine, the world's largest open-pit tungsten trioxide ($WO_3$) mine. As of March 11, 2026, the share price stood at HK$151.5, representing a cumulative gain of over 12 times from its offer price of HK$10.92, with a total market capitalization of HK$69.04 billion. It was officially included in the Stock Connect on March 9. Benefiting from the official start of commercial production in April 2025 and the surge in global tungsten prices, the company expects to achieve a net profit of HK$300 million to HK$340 million in 2025, turning a profit from a loss.
Iluvatar CoreX (09903.HK), a domestic general-purpose GPU enterprise, listed on the Hong Kong Stock Exchange in January 2026. Boosted by the explosion in demand for AI agents and inference computing, the share price closed at HK$338.20 on March 10, up 133.89% from its offer price, with a market cap of HK$86.01 billion. The company achieved mass production of its "Tiangai" and "Zhikun" series using a 7nm process, building a "Cloud-Edge-Terminal" full-scenario computing matrix. As AI development shifts toward the inference phase, the gap between domestic GPUs and international giants is narrowing. It is estimated that by 2029, the localization rate of China's GPGPU market will rise from the current 3.6% to 31%.
Recently, Jinxin Eldercare Industry Group Limited submitted a listing application to the Hong Kong Stock Exchange, with CICC and GF Securities as joint sponsors.According to Frost & Sullivan, as of September 30, 2025, the Company ranked first among all major participants in China in terms of the proportion of elderly residents with mobility impairments and occupancy rate of integrated medical and elderly care facilities, both standing at 85%.
