The Zhitong Finance App learned that Xizhi Technology-P (01876) fell more than 4% at the end of the session. As of press release, it was down 4.35% to HK$184.6, with a turnover of HK$167 million.

According to the news, on October 28, Xizhi Technology-P ushered in the first restricted share ban window after listing. 20 Cornerstone investors lifted the sales restrictions on a total of about 8.9746 million shares, accounting for 9.54% of the total share capital after the over-allotment rights were exercised. On the day the ban was lifted, Xizhi Technology traded 1.951,400 shares, the highest since the first day of listing, and still rose more than 4% at the close. Before the ban on Heizhi Technology-P was lifted, CICC gave Xizhi Technology-P a target price of HK$362, which was raised to HK$426 in August, maintaining the “outperforming industry” rating.

Earlier, according to the mid-quarter report of Xizhi Technology-P, revenue for the first half of 2026 increased 284% year-on-year to 79.78 million yuan, of which optical interconnect revenue increased 275% and optical computing revenue increased 313%; adjusted net loss was 147 million yuan, which was basically the same as the same period last year.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.