Shenzhen HIPINE Precision Technology Co., Ltd. ("HIPINE" or the "Company", together with its subsidiaries, collectively, the "Group"; share code: 2583.HK) is officially listed on the main board of the Stock Exchange of Hong Kong Limited ("HKEx").

According to the information of the China Insights Consultancy report, in 2024, HIPINE (HIPINE) is not only the largest gold precious metal watch brand in China (with respect to GMV), but also the largest gold inlaid precious metal watch brand (with respect to GMV).

The company's shares soared to HK $130.00, up 339.19%. By the close of the day, the company's share price closed at HK $106.00, up HK $76.40 on a volume of 245 million.

HIPINE will sell out 10,600,000 shares worldwide, with each share eventually priced at HK $29.60. After deducting underwriting expenses and expenses paid and payable on the global Offering, the Company's net proceeds from the global offering are estimated to be approximately HK $269 million.

The number of shares in Hong Kong represents 10% of the global shares, 2505.90 times and 90% and 3.90 times.

Precious metals wear track strength players, technology and design dual engines drive growth momentum

According to the information of the China Insights Consultancy report, in 2024, HIPINE (HIPINE) is not only the largest gold precious metal watch brand in China (in respect with respect to GMV), but also the largest gold inlaid precious metal watch brand (with respect to GMV).

At the same time, the company's overall gross margin rose from 19.8% in fiscal 2022 to 27.2% in fiscal 2024 and from 25.3% in the first five months of 2024 to 31.0% in the first five months of 2025.

The company's robust and resilient performance is thanks to its proprietary full gold hardening technology (i. e. supramolecular hard gold technology), which can achieve more than 90 HV hardness for full gold, effectively enhancing the strength and toughness of valuable materials, making them suitable for case and band production.

While deepening the precious metal watch production industry, HIPINE is also committed to integrating modern fashion aesthetics and traditional culture into its products, so as to help the brand form a more distinctive uniqueness and competitive strength.

During the record period, HIPINE has launched more than 3,000 popular brand watches, including the "Sunrise series" and the 10th anniversary of the Dragon and the 10th anniversary.

 With its long-term focus and breakthrough in technology and design, Sepney's leading position in the industry will go further.

Market-oriented, continue to expand the precious metal watch blue ocean

HIPINE and old phoenix, Chinese jewelry and chow domestic famous jewelry brands to establish long-term and close cooperation, relying on the strong cooperation of collaborative ecology, the company can according to the partners and customers continuous feedback in design advice, make the product can evolve with the market preferences, make the company to always stand in the consumption trend frontier, and fit the domestic high-end crowd strict standards.

It is worth noting that HIPINE is also looking to expand the overseas precious metals watch market. The company has reached an agreement with its Malaysian partner to start selling HIPINE (HIPINE) watches; and is well prepared to enter the Middle East market.

 ▲ HIPINE was selected in the "Malaysian Record (MBR)"Become "Malaysia's first 999 pure gold watch series"

According to the China Insights Consultancy report, it is expected that by 2029, the market size of the Middle East and Southeast Asia gold and gold inlaid precious metal watches will be 7.46 billion and 6.66 billion respectively, and the market prospects of the two places are full of imagination.

In addition, HIPINE has also built a three-dimensional integrated business and sales system. The company has achieved rapid penetration into consumer groups through self-operated online stores, cooperative distribution, and a huge network covering more than 3,000 offline retail outlets across the country, etc., so as to achieve the goal of continuously consolidating the core advantages and consolidating the industry leading pattern.

Expand the boundary of wearable products through innovative research and development, and lead the intelligent transformation of the wearable industry

Driven by the rapid progress of wearable technology and steady rise in market demand, the smart precious metal and gold watch market continues to expand. According to the report of the China Insights Consultancy report, China smart precious metal watches and the market compound annual growth rate of about 70% from 2024 to 2029, the market size will reach RMB 1.62 billion in 2029, and HIPINE is one of the pioneers.

HIPINE keenly captured this blue ocean market with great growth potential, and cooperated with Huawei, the world's leading technology company, becoming the first precious metal watch brand with Huawei smart movement; it is also the first precious metal watch brand with intelligent "one table and two wear" gold watch.

Then, in 2024, the company developed and launched the smart silver watch series and smart gem watch series integrating Huawei smart movement.

Look forward to the future

Li Yongzhong, chairman and executive director of HIPINE, said that HIPINE has been working intensively in the precious metal wearable field for 12 years. The successful listing in Hong Kong not only represents the recognition of the company in the international capital market, but also is a new starting point for the company's development.

▲ HIPINE Chairman Li Yongzhong delivered a speech

In the future, HIPINE will continue to uphold the brand mission of "technological innovation and gold reconstruction", integrate Oriental ingenuity and international vision, actively embrace the development opportunities of The Times, continuously expand the boundary of precious metal wear, and plan a new chapter for the enterprise to jump.