Thirty‑seven stocks have lock‑up expiries next week, totaling RMB 31.94 bln at
last close. Hengkun Xincai has the largest expiry: 228.0 mln shares becoming
tradable, mainly pre-IPO restricted holders and IPO strategic placement shares,
with a market value of RMB 7.80 bln. Xiaxia Precision, Huacan Optoelectronics,
Anjiesi and Beikuang Testing also rank among the largest expiries by value. By
contrast, Dier Chemical, Biyiwei, Obi Zhongguang‑W and Xuanya International each
have expiry values below RMB 10 mln. Three stocks face expiry ratios above 50%:
Beikuang Testing 77.5%, Xiaxia Precision 73.94% and Hengkun Xincai 50.8%.
