Siponi (02583.HK) Included in Hang Seng Composite Index, Expected to Become a Stock Connect Eligible Stock
On February 13, 2026, Hang Seng Indexes Company officially announced the results of the quarterly review of the Hang Seng Index Series as of December 31, 2025. Shenzhen Hipine Precision Technology Co., Ltd. (02583.HK)$HIPINE(02583.HK) has been successfully added to the list of new constituents of the Hang Seng Composite Index, thanks to its solid operational performance and continuous technological innovation. The index adjustment will be implemented after the market close on Friday, March 6, 2026, and take effect from Monday, March 9, 2026. Consequently, the number of constituents in the Hang Seng Composite Index will increase from 507 to 532.
Hipine's successful inclusion in the core index this time is a milestone achievement since its listing on September 30, 2025, based on its solid operational performance, continuous technological innovation, and deep accumulation in the niche segment of precious metal precision manufacturing. Being included in the Hang Seng Index series not only serves as authoritative recognition of the company's past development but also lays a more solid foundation for its long-term growth.
Hang Seng Index Quarterly Review Finalized: Hipine Joins Core Index Constituents
As a wholly-owned subsidiary of Hang Seng Bank, Hang Seng Indexes Company's quarterly review this time covers core indices such as the Hang Seng Index, Hang Seng China Enterprises Index, and Hang Seng Composite Index. Among them, the Hang Seng Composite Index has undergone significant expansion. As an important new addition, Hipine has successfully joined the ranks of core Hong Kong stock index constituents.
According to the announcement from Hang Seng Indexes Company, the Hang Seng Composite Index, as a core broad-based index of the Hong Kong capital market, covers major securities listed on the Main Board of the Hong Kong Exchanges. Since its launch in 1969, it has always been regarded as an important barometer of the Hong Kong stock market. When adjusting its constituents, the index strictly follows multiple core indicators such as a company's market capitalization, trading activity, and operational stability. Hipine's inclusion this time signifies that the company has passed the professional review of Hang Seng Indexes Company on all indicators and officially joined the ranks of core Hong Kong stock market index constituents.
Significance of Hang Seng Composite Index Highlighted: Inclusion Demonstrates Multiple Market Recognitions
The Hang Seng Composite Index is an important reference for passive investment in the Hong Kong stock market and one of the core bases for domestic and foreign institutional investors to allocate Hong Kong stocks. As of the end of December 2025, the total assets under management of products passively tracking the Hang Seng Index series were approximately US$117.7 billion. Successful inclusion in the Hang Seng Composite Index holds multiple significant meanings for a company:
On one hand, it represents the capital market's high recognition of Hipine's industry position, development potential, and long-term investment value, confirming the company's core competitiveness and operational development achievements in the precision technology niche. On the other hand, after inclusion, Hipine will directly enter the relevant investment scope of the Hang Seng Index series, further enhancing the company's exposure and market attention in the Hong Kong stock market, attracting more attention and allocation from domestic and foreign institutional investors. At the same time, as an important component of the Hang Seng Index system, the constituent status of the Hang Seng Composite Index will further improve the trading liquidity of Hipine's stock, optimize the rationality of the company's market valuation, and lay a solid foundation for the company's subsequent capital market operations.
Reconstructing Gold with Technological Innovation, Elevating Value with Cultural Creativity
In October 2025, Hipine obtained the national-level "Little Giant" certification for specialized, sophisticated, distinctive, and innovative enterprises, marking authoritative recognition of its technological accumulation in the niche fields of fine gold precious metal processing and watch manufacturing. Precisely based on this deep accumulation, the company's self-developed "Supramolecular Gold Hardening Technology" solved the industry problem of fine gold being too soft for complex watch manufacturing, laying a solid physical foundation for product innovation. The series of products developed based on this technology not only effectively overcome the material defects of traditional fine gold but also quickly transformed into market-recognized performance growth points, further consolidating the company's core competitive advantage in the precision technology niche.
In terms of business model, the company adopts a dual strategy of operating its own brand alongside design and manufacturing services (OEM). For its own brands, besides the flagship brand "Hipine (HIPINE)", the company also has the sub-brand "Goldbear (GOLDBEAR)", forming a multi-tiered brand matrix covering high-end fine gold watches and affordable luxury fashion watches. Among them, Hipine has reached a deep strategic cooperation with Huawei, applying Huawei's smart movement technology to fine gold watch bodies, launching the "Smart Gold Watch" series with functions such as health monitoring and sports modes, becoming the world's first brand to release a fine gold smartwatch equipped with Huawei's smart movement. For the OEM business, the company provides full-process services from design and development to production and manufacturing for brands such as Chow Tai Seng, Lao Feng Xiang, and China Jewelry, establishing long-term and stable supply relationships with clients, demonstrating its technical capability and large-scale production capacity in the field of precious metal precision manufacturing. Through this dual-wheel drive model, the company not only captures the high-end consumer market with its own brands but also secures stable cash flow and continuously expands its industry influence through the OEM business.
In January 2026, Hipine established its Beijing Cultural and Creative Branch. At the establishment ceremony, the company's Chairman, Li Yongzhong, stated that this move aims to promote the elevation of precious metals from "material value" to "design value and cultural value." Previously, Hipine had collaborated with IPs such as the Palace Museum Cultural and Creative Products and Mazu Culture to launch co-branded products, combining cultural elements with smart wearable technology. This attempt at integrating "gold + culture + technology" provides the company with some buffer space to cope with market changes.
Riding the Tailwind of Index Inclusion to Embark on a New Journey in Capital Market Development
With Hipine's inclusion in the Hang Seng Composite Index, the company is expected to be further added to the Stock Connect (for Hong Kong) eligible securities list after meeting relevant conditions such as market capitalization, liquidity, and listing duration. This means that in the future, mainland investors can directly trade the company's stock through Stock Connect (for Hong Kong), opening up new space for Hipine's capital market dimension expansion. On one hand, the index constituent status will effectively broaden the company's investor base, attracting allocations from various domestic and foreign institutional investors such as index funds, public funds, and QFII, further improving the company's shareholder structure and enhancing stock trading activity and market stability. On the other hand, leveraging the platform effect of the Hang Seng Composite Index, the company will further enhance its brand influence, broaden financing channels, and provide stronger capital market support for subsequent technology R&D, business expansion, and strategic upgrades.
Hipine stated that it will take this inclusion in the Hang Seng Composite Index as an opportunity to continue focusing on its main business development, continuously strengthen its core technological capabilities and product innovation strength, and reward shareholders' trust with solid operating performance. In the future, the company will fully leverage the advantages of the Hong Kong stock market platform to accelerate business layout and value enhancement, committed to achieving sustainable and high-quality growth and development.
Note: For specific details of this Hang Seng Composite Index constituent adjustment, please refer to the official announcement and related index notices released by Hang Seng Indexes Company on February 13, 2026.
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