01463.HK Ticker Discrepancy: C-LINK SQ vs. Jingdong Industrials Listing Developments

This analysis is based on Tushare dc_hot (East Money App Hot List) [5] dated November 24, 2025, involving Hong Kong stock 01463.HK (C-LINK SQ). Analysts pointed out that the same ticker is linked to two different entities: C-LINK SQUARED LIMITED (a software service enterprise that reported a loss in the first half of 2025) [3] and Jingdong Industrials (an industrial supply chain service provider under JD Group, which recorded a profit of 760 million yuan in 2024 and passed the Hong Kong Stock Exchange listing hearing on November 23, 2025) [0][1][2].

There is a significant entity association confusion for 01463.HK:

1. C-LINK SQUARED LIMITED
   : Mainly engaged in software services and outsourced document management businesses in Malaysia, Singapore, and China. Its revenue grew by 11.9% in the first half of 2025 but suffered a pre-tax loss of 163 million Malaysian Ringgit [3].
2. Jingdong Industrials
   : The sixth planned listed company under JD Group, focusing on industrial supply chain technology services. It achieved 20.4 billion yuan in revenue and profitability in 2024, and passed the listing hearing on November 23, 2025 [0][1][2].
   The Hong Kong stock market performed strongly overall in 2025 (Hang Seng Index rose by 29.1%) [4], but the entity confusion of 01463.HK may affect investors’ judgment.

The same ticker being associated with significantly different entities reflects potential naming or ticker reuse issues in the Hong Kong stock market. The stark contrast between Jingdong Industrials’ listing progress (as a profitable subsidiary of JD Group) and C-LINK SQUARED’s loss requires further clarification of their association with 01463.HK.

• Risks
  : Investors may misjudge the investment target due to ticker confusion, and need to be alert to decision biases caused by information asymmetry.
• Opportunities
  : Jingdong Industrials’ listing plan provides potential opportunities for investors focusing on the supply chain technology sector. Continuous tracking of listing details is required to clarify ticker ownership.

The ticker 01463.HK is simultaneously linked to C-LINK SQUARED LIMITED (loss-making software service) and Jingdong Industrials (profitable JD subsidiary with approved listing). The C-LINK SQ mentioned in the original event may refer to one of the two, but there are significant discrepancies in existing information. Investors are advised to verify the associated entity through official channels to avoid risks.