Hong Kong Stock Movement: JIANGSU HORIZON's placement plan sparks market enthusiasm, stock price surges 24.63%

Hong Kong Stock Movement

JIANGSU HORIZON surged 24.63%. Based on recent key news:

1. On November 12, JIANGSU HORIZON announced the signing of a placement agreement with the placement agent to place up to 21.425 million new H shares at HKD 2.9 per share, raising a maximum of HKD 62.13 million. This move caused significant stock price fluctuations, as the placement price represented a discount of approximately 13.9% to the previous day's closing price. Source: Economic Information Daily

2. On November 11, JIANGSU HORIZON announced a placement plan, intending to use the net proceeds of HKD 58.65 million entirely for funding HaiKe Hongxin. This news attracted market attention and drove the stock price up. Source: Company announcement

3. On November 11, JIANGSU HORIZON operates in the retail industry, focusing on supermarket chain management. Despite technical signals indicating a strong sell, the market reacted positively to its placement plan, pushing the stock price higher. Source: TipRanks The retail industry has recently shown active performance, with significant capital inflows.

Stocks with High Trading Volume in the Industry

Dongfang Zhenxuan fell 2.98%. Based on recent news,

1. On November 10, Dongfang Zhenxuan announced the departure of Sun Dongxu, raising concerns in the market about the stability of the company's management. Sun Dongxu's departure is seen as part of the company's strategy to move away from IP, but it has also led to a lack of execution power, affecting investor confidence.

2. On November 11, Dongfang Zhenxuan was reported to have failed to declare and announce two financial product transactions as required, involving a total amount of RMB 150 million. The company stated that this was due to negligence and promised to strengthen internal control management, but this violation still raised questions about the company's governance in the market.

3. On November 10, the overall landscape of the live e-commerce industry underwent drastic changes, and Dongfang Zhenxuan faces the challenge of transitioning from a traffic-driven model to a product-driven one. The industry is entering a slower, more difficult but more stable phase, and Dongfang Zhenxuan needs to redefine its value center, balance supply chain investment with market vitality, and maintain user stickiness. The live e-commerce industry is entering deeper waters, with an increased degree of brand autonomy.

Guoquan rose 2.65%. Based on recent news,

1. On November 9, Guoquan Food announced that its cumulative registered membership exceeded 60 million, achieving its annual target 50 days ahead of schedule. This news boosted market confidence and drove the stock price up.

2. On November 11, Guoquan's deep accumulation in the full-link supply chain and its new business "Guoquan Camping" gained market attention. The company has further expanded its scenario coverage by integrating existing food supply chains with outdoor cooking equipment resources, enhancing market expectations.

3. On November 12, Guoquan announced its Q3 2025 performance, with Changjiang Securities noting that the company added a net of 361 stores, a year-on-year increase of +98%, and expects a continued rapid growth trend in net new stores in Q4. In terms of revenue, the company expects Q3 2025 revenue to be between RMB 1.85 billion and RMB 2.05 billion, a year-on-year increase of +13.6% to +25.8%, continuing the revenue growth trend of H1 2025, with the peak season in Q4 likely to sustain high growth. The camping economy has become an emerging consumption field with huge market potential Youbao Online rose 2.88%, with a transaction volume reaching HKD 3.73 million, and there have been no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation.

Stocks ranked among the top in industry market capitalization

Baiguoyuan Group rose 2.53%. Based on recent news,

1. On November 10th, Baiguoyuan announced a deep cooperation with the Chilean Cherry Association to strengthen the quality control system across the entire supply chain. This move will ensure high-quality supply of cherries from source to table, enhance consumer confidence, and drive up stock prices.

2. On November 10th, Chilean cherries were launched in the domestic market, attracting a large number of consumers' attention due to their excellent quality and professional post-harvest processing technology, further driving up Baiguoyuan's stock price.

3. On November 10th, market analysis pointed out that the supply of Chilean cherries is abundant and logistics costs have decreased, making market prices more attractive and enhancing consumers' willingness to purchase, which is favorable for Baiguoyuan's stock price. The supply of Chilean cherries has increased, and logistics costs have decreased