New stock first day | Guoen Technology (02768) debut listing with a 25% opening gain in the morning session. The company is the largest polystyrene producer in China in terms of production capacity.

Guoen Technology (02768) made its debut on the stock market. According to the announcement, the offering price was set at HK$36 per share, with a total issuance of 30 million shares, and each lot consists of 200 shares, raising a net amount of approximately HK$1 billion. As of the time of writing, the stock has risen by 25% to HK$45, with a trading volume of HK$248 million. The prospectus shows that the company is a Chinese supplier specializing in chemical new materials, gelatin, and collagen upstream and downstream products. The company serves the chemical industry and the health industry, mainly engaged in the research, production, and sales of products for industrial and commercial use. According to data from Frost & Sullivan, in 2024, based on sales revenue, Guoen Technology is the second-largest organic polymer modified material and composite material enterprise in China, with a market share of 2.5%. In addition, in 2024, Guoen Technology is the largest polystyrene enterprise in China based on production capacity. It is worth noting that on February 4th, the Shenzhen Stock Exchange announced that Guoen Technology was not subject to the price stabilization period mechanism when listed on the Hong Kong Stock Exchange, and after A-shares were listed for a full 10 trading days, the list of securities eligible for the Shenzhen-Hong Kong Stock Connect was adjusted, with Guoen Technology being included, and it would take effect from February 4, 2026.