The Zhitong Finance App learned that Sipni (02583) opened low today and increased by more than 20% in the afternoon. Notably, the company's stock price fluctuated sharply recently. After hitting a new intraday low of HK$38.04 on October 8, it continued to rise for three days, with a cumulative increase of nearly 40%. As of press release, it rose 20.21% to HK$53.9, with a turnover of HK$199 million.

According to the news, Southbound Capital has continued to increase its holdings in Sipni recently. As of October 12, Hong Kong Stock Connect's shareholding share had risen to 7.47%. Since October, its shareholding volume has increased by more than 60% compared to the end of September, ranking first in the Hong Kong Stock Index. In the first half of this year, Sipni achieved revenue of 333 million yuan, an increase of 15.9% over the previous year; profit during the adjusted period was 99.084 million yuan, an increase of 62.9% over the previous year. By product, watch revenue was 237 million yuan, up 58.0% year on year, accounting for 71.0% from 52.1% in the same period last year.

The company previously issued an announcement to launch the world's first pure gold smart ring, and was issued the industry's first pure gold smart ring special certificate by Beijing Guoshou Jewelry Inspection Co., Ltd., achieving a key breakthrough in the “pure gold+smart” product model from concept to testable, verifiable, and commercially implementable.

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