Shenzhen Hipine Precision Technology Co., Ltd., a leading gold watch manufacturer based in Luohu district, was officially listed on the main board of the Hong Kong Exchanges and Clearing Limited on Sept. 30.
It marks the second Luohu-based enterprise to go public in Hong Kong this year. After opening, Hipine’s share price once surged to HK$130, up 339.19%. The stock closed at HK$106, up HK$76.40 from the issue price, with a total trading volume of 245 million shares.
As of 2024, Hipine was China’s largest pure gold watch brand by gross merchandise value (GMV), as well as the largest brand of gold-inlaid precious metal watches.
While consolidating its strengths in precious metal watchmaking, Hipine is also committed to blending modern fashion aesthetics with traditional Chinese culture, aiming to build a distinctive and competitive brand identity.