Xiamen Jihong Technology Co Ltd: A Trailblazer in Cross-Border Capital Markets
In a landmark move, Xiamen Jihong Technology Co Ltd, a prominent player in the communication services sector specializing in packaging for fast-moving consumer goods, has made significant strides in the financial markets. On May 27, 2025, the company successfully launched its shares on the Hong Kong Stock Exchange, marking a pivotal moment in its global expansion strategy.
A+H Dual Listing Achievement
Xiamen Jihong Technology Co Ltd, also known as Jihong Technology, has achieved a dual listing on both the Shenzhen Stock Exchange and the Hong Kong Stock Exchange. This strategic move not only enhances its visibility in international markets but also strengthens its financial foundation. The company issued a total of 6,791 million shares at a final price of 7.68 Hong Kong dollars per share, raising a net capital of 4.15 billion Hong Kong dollars. The shares closed at 10.68 Hong Kong dollars on the first day, reflecting a remarkable 39.06% increase.
Innovative Entry into Hong Kong Connect
In a groundbreaking development, Jihong Technology became the first company to be included in the Hong Kong Connect program immediately upon its Hong Kong listing. This inclusion was facilitated by the absence of a price stabilization period and the completion of ten trading days on the A-share market. This swift integration into the Hong Kong Connect framework underscores the company’s innovative approach to capital market operations and sets a new benchmark for cross-border listings.
Market Impact and Strategic Implications
The successful listing and immediate inclusion in the Hong Kong Connect program have not only bolstered Jihong Technology’s market position but also demonstrated the efficiency of capital markets in accommodating cross-border investments. The company’s strategic use of AI and its focus on cross-border e-commerce have positioned it as a leader in the industry, capable of navigating and capitalizing on new market opportunities.
Financial Overview
As of May 21, 2025, Jihong Technology’s share price stood at 14.23 CNH, with a market capitalization of 5.4 billion CNH. The company’s price-to-earnings ratio of 26.16 reflects investor confidence in its growth prospects. Despite a recent dip of nearly 6% in its share price due to broader declines in the internet e-commerce sector, the company’s long-term outlook remains positive.
Conclusion
Xiamen Jihong Technology Co Ltd’s successful dual listing and immediate inclusion in the Hong Kong Connect program represent a significant milestone in its journey towards global expansion. By leveraging innovative financial strategies and capitalizing on emerging market trends, the company is well-positioned to continue its growth trajectory and reinforce its leadership in the packaging industry for fast-moving consumer goods.