The formal hearing time is subject to the announcement of the Hong Kong Stock Exchange, but it is enough for new players to do their homework first.

As of the close of trading on August 31, 2025, the company's market value is approximately RMB 9.071 billion.

"Callback" will affect whether you can get enough and cheap new shares.

Chery Automobile's IPO countdown, the largest unlisted car company in China.

With the asset-light business model, the income per employee reaches 25 million yuan.

Big meat lots are coming! Ningde Times is about to go to Hong Kong for an IPO, with a 20% discount on H shares! How to improve the winning rate when playing new?

The current dynamic P/E ratio of Ningde A-shares is only 21.95 times, far below the industry average. The issuance of H-shares may further open up space.

The China Securities Regulatory Commission clearly requires Ningde Times to complete the issuance within 12 months.

Compared with Alibaba (relying on traditional e-commerce) and Tencent (slowing down game growth), ByteDance's business matrix is more resilient to growth.

ByteDance's recent series of capital operations can be called a "textbook-level listing preview."

The window won't be long. This may be the last opportunity to participate in a trillion-dollar unicorns in the past five years.

Interestingly, while Byte is preparing to go public, it is also actively carrying out share repurchase.

In 2023, revenue will be US$3.7 billion (year-on-year +85%) and net profit will be US$500 million. In 2024, net profit in Q1 will increase fourfold year-on-year.

If Xiaohongshu lands in Hong Kong stocks, it is likely to continue the "low issue price and high retail participation" pattern of Chinese stocks in recent years.

The continued increase in investment institutions DST Global, Sequoia China, Hillhouse Capital, etc., as well as the ecological synergy between Alibaba and Tencent, have provided endorsement for its valuation.

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