HK Stock Market Move | Zejing Holdings (02632) regained its IPO price on the second day of listing, with a surge of over 70% at one point during the trading session.

Zejing Shares (02632) soared 72% at one point today, reaching a high of 48 Hong Kong dollars, recovering the issue price. The stock fell nearly 37% on its first day of listing yesterday. As of the time of writing, it has risen by 62.91% to 45.42 Hong Kong dollars, with a turnover of 77.8343 million Hong Kong dollars. According to public information, Zejing Shares is the second largest HUD solution provider in China, focusing on the research and development and manufacturing of automotive heads-up display (HUD) systems, with two main products: windshield HUD and augmented reality HUD. According to Zou Shi Consulting data, based on sales in 2024, the company ranks second among HUD solution providers in China, with a market share of 16.2%. As of the end of September 2025, the company has cumulatively sold 1.9 million sets, serving 18 car manufacturers and 101 car models, including well-known new energy car companies such as NIO, Xiaomi Auto, and Ideal. In terms of performance, Zejing Shares had revenues of 214 million yuan, 549 million yuan, and 578 million yuan in 2022, 2023, and 2024, respectively; and losses of 256 million yuan, 175 million yuan, and 140 million yuan in the same periods. In the first nine months of 2025, the company achieved revenue of 480 million yuan, a year-on-year increase of 11.7%, with a loss of 343 million yuan, compared to a loss of 128 million yuan in the same period last year.