Ongoal Technology Co Ltd Financial Update
Ongoal Technology Co Ltd, listed on the Shenzhen Stock Exchange, has seen its close price on July 21, 2025, at 107.58 CNY. The company’s stock has experienced a 52-week high of 126 CNY on July 6, 2025, and a low of 51.19 CNY on May 5, 2025.
Recent IPO Activity in China
On July 22, 2025, the Chinese stock market witnessed the issuance of a new IPO by Dingjia Precision, which issued 20 million shares at a price of 11.16 CNY, raising a total of 2.23 billion CNY. According to data from Securities Times Data Treasure, from the start of the year to July 22, 2025, a total of 54 companies have gone public, raising a cumulative 565.95 billion CNY. On average, each company raised 10.48 billion CNY. Among these, 11 companies raised over 10 billion CNY, with one company raising over 100 billion CNY. The distribution of IPOs across different exchanges shows that the Shenzhen Stock Exchange’s ChiNext Board issued 7 IPOs, raising 79.01 billion CNY, accounting for 13.96% of the total IPO funds raised this year.
Ongoal Technology Co Ltd Corporate Announcements
On July 21, 2025, Ongoal Technology Co Ltd announced several corporate documents:
2025 First Temporary Shareholders’ Meeting Resolution: A public announcement regarding the decisions made during the first temporary shareholders’ meeting of the year.
Company Charter (July 2025): An update to the company’s charter reflecting the latest governance and operational guidelines.
Legal Opinion on the First Temporary Shareholders’ Meeting: A legal opinion provided by Beijing Kangda (Shenzhen) Law Firm regarding the proceedings and decisions of the first temporary shareholders’ meeting.
These announcements are part of Ongoal Technology Co Ltd’s ongoing efforts to maintain transparency and compliance with regulatory requirements.
Market Activity
On July 21, 2025, the A-share market saw significant trading activity, with 85 stocks experiencing turnover rates exceeding 20%. The Shanghai Composite Index closed at 3559.79 points, up 25.31 points or 0.72%. The Shenzhen Component Index closed at 11007.49 points, up 93.65 points or 0.86%. The ChiNext Index closed at 2296.88 points, up 19.73 points or 0.87%.
Leveraged Funds in the ChiNext Board
Leveraged funds have been continuously adding to their positions in ChiNext Board stocks for ten consecutive trading days. As of July 18, 2025, the total financing balance for ChiNext Board companies was 3723.71 billion CNY, marking a continuous increase over ten trading days, with a cumulative rise of 131.60 billion CNY. This trend highlights the growing investor interest and confidence in the growth potential of companies listed on the ChiNext Board.