Qianbaidu (01028.HK) Hong Kong Stock Hot Market Analysis

Qianbaidu (01028.HK) is a comprehensive retailer of mid-to-high-end women’s footwear in China. Recently, it has become a hot stock in Hong Kong due to business strategic adjustments and capital operations. On September 29, 2025, the company announced its intention to sell all equity interests in its loss-making toy retail business, Toy Kingdom Hong Kong Limited, expecting to reduce financial burdens by approximately RMB 6.5 million and focus on its core footwear business (especially online channels) [2]. On October 30, 2025, the company announced plans to raise approximately HK$96 million through the issuance of subscription shares and warrants for optimizing retail networks, digital transformation, and AI exploration, among others. After the news was released, the share price rose by over 78% intraday [3]. As of December 1, the closing price was HK$0.900, with a market capitalization of approximately HK$1.869 billion, representing a cumulative increase of over 275% compared to the price before the announcement [0][3].

The company’s strategic adjustments are interpreted by the market as positive signals of focusing on core businesses and improving operational efficiency, especially the AI exploration layout which may bring new growth momentum to the company. On October 30, the trading volume on the day of the announcement reached HK$11.2694 million, significantly higher than the daily average, reflecting investors’ enthusiasm for the company’s transformation [3].

: Business focus and AI layout may enhance the competitiveness of core businesses and attract capital attention; if it breaks through the HK$1.0 resistance level, it may further drive the share price up.
: The effectiveness of AI exploration is uncertain; the footwear retail industry is highly competitive; the recent share price increase is large, with a risk of correction; need to be alert to the possibility of falling below the HK$0.70 support level.

Qianbaidu (01028.HK) has become a hot Hong Kong stock due to strategic transformation and fundraising plans, with a significant recent share price increase. Investors need to pay attention to the profit improvement of the company’s core business, the progress of AI layout, and the breakthrough of short-term key price levels (support level at HK$0.70, resistance level at HK$1.0).