NEW VISION CO

Jiangsu New Vision Automotive Electronics debuted on its first trading day with a sharp spike and collapse. The stock opened high and touched 65.75 HKD, then plunged to close at 52.40 HKD, down 16.83% from the open of 63.00 HKD, with an intraday range of 38.5%. It hit a low of 48.00 HKD, a 27.0% retreat from the session high. Despite revenue growth, the company's net loss in Q4 2025 widened 25.9x YoY to -361 million HKD, with EPS of -3.37 HKD and net margin slumping to -173.9%. The stock is 61.9% below its 52-week high of 137.50 HKD, yet up 88.0% YTD and well below the 20-day MA of 115.26 HKD, limiting valuation upside. Recent market hype around new energy vehicles has drawn attention, though the day's volatility signals deep divergence among investors.