NEW VISION CO (02632) experienced a significant surge of over 17% during late trading. The company's stock has shown a dramatic reversal recently, accumulating a gain of more than 70% since April 9. However, following a sharp decline after its initial listing, the stock had once again fallen below its issue price as of April 8. At the time of writing, the stock was up 15.03%, trading at HKD 68.5, with a turnover of HKD 11.06 million.
Public information indicates that NEW VISION CO is the second-largest HUD solution supplier in China. The company specializes in the research, development, and manufacturing of automotive Head-Up Displays (HUD), focusing on two main products: Windshield HUD and Augmented Reality HUD. According to data from CIC, based on 2024 sales volume, the company ranks second among HUD solution suppliers in China, holding a market share of 16.2%. By the end of September 2025, the company had achieved cumulative sales of 1.9 million units, securing partnerships with 18 automotive manufacturers and receiving designations for 101 vehicle models, including prominent new energy vehicle makers such as NIO, Xiaomi Auto, and Li Auto.
Financially, NEW VISION CO reported revenues of RMB 214 million, RMB 549 million, and RMB 578 million for the years 2022, 2023, and 2024, respectively. During these periods, the company recorded losses of RMB 256 million, RMB 175 million, and RMB 140 million. For the first nine months of 2025, the company achieved revenue of RMB 480 million, representing an 11.7% year-on-year increase. However, the loss for the period widened to RMB 343 million, compared to a loss of RMB 128 million in the same period the previous year.
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