A visual interpretation: Review of Hong Kong stocks IPO for the week, 2 companies submitted applications, Mixue breaks the "first-day loss curse".

In the past week (March 3-9, 2025), there were 2 companies, Shandong Nanshan Aluminium International and Huishuangzhang, that submitted listing applications in the Hong Kong IPO market, marking their third submission; only one company, Shandong Nanshan Aluminium International, passed the listing hearing at the Exchange; and only one. $MIXUE GROUP (02097.HK)$ One company was listed.

Mixue Group officially listed on the Exchange on March 3, 2025. On its first trading day, Mixue Group opened at HKD 262, approximately 29.38% higher than its issue price; the stock price showed an upward trend during the day, reaching a maximum of HKD 298; and closed at HKD 290, up 43.21%. This also means that Mixue Group has broken the "curse" of first-day losses for ready-to-drink tea companies. On March 10, the stock price of Mixue Group rose again, increasing by 10.82% that day to HKD 393.4.

Last week, Dongpeng Beverage (605499.SH), known as China's "first functional beverage stock," announced plans to issue Listed in Hong Kong Stocks and list on the Hong Kong Stock Exchange. It is worth noting that with policy support, the enthusiasm for "A+H" listings has continued to rise since 2025. $Contemporary Amperex Technology (300750.SZ)$ 、 $Foshan Haitian Flavouring and Food (603288.SH)$ 、 $Jiangsu Hengrui Pharmaceuticals (600276.SH)$ and $Wuxi Lead Intelligent Equipment (300450.SZ)$ Leading A-share companies have also submitted listing applications to the Exchange.

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