HK Stock Market Move | GON TECHNOLOGY (02768) surged more than 13% in the final trading session, with the stock price reaching a new all-time high. The company is the largest producer of polystyrene in China in terms of production capacity.

GON TECHNOLOGY (02768) surged more than 13% in the afternoon session, hitting a high of HK$54.45, a new record high for the company. As of the time of writing, it was up 10.33% to HK$51.9 with a trading volume of HK$95.4 million. According to its prospectus, GON TECHNOLOGY is a Chinese supplier focusing on chemical new materials, gelatin, and collagen upstream and downstream products. Based on data from Frost & Sullivan, by 2024, GON TECHNOLOGY is the second largest organic polymer modified materials and organic polymer composite materials company in China by sales revenue, with a market share of 2.5%. Additionally, by 2024, GON TECHNOLOGY is the largest polystyrene enterprise in China based on production capacity. It is worth noting that on February 4th, the Shenzhen Stock Exchange announced that, due to GON TECHNOLOGY not being subject to the price stabilization period mechanism on the Hong Kong Stock Exchange, and with the corresponding A-share listing having been trading for 10 days, in accordance with the relevant provisions of the "Implementation Measures for Shenzhen-Hong Kong Stock Connect Business of Shenzhen Stock Exchange", the list of Hong Kong Stock Connect securities will be adjusted, with GON TECHNOLOGY included starting from February 4, 2026.