Changes in Hong Kong stocks | Zhaoyi Innovation (03986) fell nearly 6% in the morning, Changxin's IPO pricing released, listing valuation of about 580 billion yuan fell short of market expectations

The Zhitong Finance App learned that Mega Easy Innovation (03986) fell nearly 6% in the morning. As of press release, it was down 5.01% to HK$654.5, with a turnover of HK$3,064 billion.

According to the news, Changxin Technology's IPO issuance price has been determined to be 8.66 yuan/share. Based on the company's total share capital estimates after listing, Changxin Technology's listing valuation is about 580 billion yuan, but the market generally anticipated that the market value of Changxin Technology's issuance would impact trillion yuan, and this valuation was lower than expected. According to a report by the Securities Times, some industry insiders told the reporter that Changxin Technology's issuance pricing fully takes into account the actual situation of the company. The company's valuation should gradually increase as the company grows; this is a long-term principle.

It is worth noting that the current shareholding ratio of the company in Changxin Technology Group Co., Ltd. is 1.8% (before issuance), according to the interactive platform. Furthermore, Zhaoyi Innovation and Changxin Storage are deeply tied at the business level. The cooperation model between the two parties is that Changxin Storage is responsible for manufacturing, and Zhaoyi Innovation focuses on product development and market circulation. According to reports, the estimated transaction amount of 1,547 billion yuan in the first half of 2026 has exceeded the actual amount accrued for the full year of 2025.