HK Stock Market Move | HIPINE (02583) surged over 20%, with a cumulative gain of nearly 40% over the past three trading days; Southbound shareholding ratio rose to 7.47%.

HIPINE (02583) opened lower today but trended upward, with gains expanding to over 20% in the afternoon. Notably, the company's stock price has been highly volatile recently. After hitting a new low of HK$38.04 intraday on October 8, it rose for three consecutive trading days, accumulating a gain of nearly 40%. As of press time, it was up 20.21% at HK$53.9, with a turnover of HK$199 million. On the news front, southbound capital has been continuously increasing its position in HIPINE recently. As of October 12, the Stock Connect shareholding ratio rose to 7.47%. Since October, the shareholding volume has increased by more than 60% compared to the end of September, ranking first among Stock Connect targets in terms of increase. In the first half of this year, HIPINE achieved revenue of RMB 333 million, up 15.9% year-on-year; adjusted profit for the period was RMB 99.084 million, up 62.9% year-on-year. By product, watch revenue was RMB 237 million, up 58.0% year-on-year, with its proportion rising from 52.1% in the same period last year to 71.0%. The company previously announced the launch of the world's first pure gold smart ring and obtained the industry's first special certificate for pure gold smart rings issued by Beijing Guoshou Jewelry Testing Co., Ltd., achieving a key breakthrough in the "pure gold + smart" product model from concept to testable, verifiable, and commercially viable implementation.