GON TECHNOLOGY Shares Surge Over 13% in Late Trading, Hitting Record High as China's Largest Polystyrene Producer

Stock News
02/13

GON TECHNOLOGY (02768) experienced a significant increase of more than 13% during late trading, reaching a high of HK$54.45 and setting a new record since its listing. At the time of writing, the stock was up 10.33%, trading at HK$51.9, with a turnover of HK$95.4006 million.

According to its prospectus, GON TECHNOLOGY is a Chinese supplier focused on new chemical materials, gelatin, and upstream and downstream collagen products. Data from Frost & Sullivan indicates that in 2024, based on sales revenue, GON TECHNOLOGY was the second-largest enterprise in China for organic polymer modified materials and organic polymer composite materials, holding a market share of 2.5%. Additionally, in 2024, the company ranked as China's largest polystyrene producer by production capacity.

It is noteworthy that on February 4, the Shenzhen Stock Exchange announced that since GON TECHNOLOGY's listing on the Hong Kong Stock Exchange is not subject to a price stabilization mechanism and the corresponding A-shares have been listed for more than 10 trading days, in accordance with the relevant provisions of the "Shenzhen Stock Exchange Shenzhen-Hong Kong Stock Connect Implementation Rules," adjustments were made to the list of securities eligible for Stock Connect. GON TECHNOLOGY was included in the list, effective from February 4, 2026.

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