Movement Alert｜Xunlong Sci-tech Falls 5.08% in Regular Trading, New Stock Continues Post-IPO Correction Approaching Offer Price

Market Focus07-10

On July 10, Xunlong Sci-tech (06715.HK) fell 5.08% in regular trading, trading at HK$77.50/share, with turnover of HK$2.85 million, marking a new post-listing low.

On the news front, the stock has been under sustained selling pressure since its June 30 debut on the Hong Kong Stock Exchange. Xunlong Sci-tech listed at an offer price of HK$75.50, opened 36.42% higher at HK$103 on the first day, surged to an intraday high of HK$120.20, and closed at HK$114. However, the stock has since declined over consecutive trading sessions, retreating more than 35% from peak levels. Trading volume has continued to shrink significantly, with short-term profit-taking driving the persistent correction. The public offering tranche received over 2,134 times oversubscription prior to listing.

Xunlong Sci-tech is the world's largest caviar producer, having achieved the top global caviar sales ranking for 11 consecutive years since 2015, with a 36.1% global market share in 2025 and a net profit margin of 47.5%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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