Qianbaidu (01028.HK) Hong Kong Hot Stock Analysis

As a Hong Kong-listed company in the consumer retail (women’s footwear industry) sector, Qianbaidu (01028.HK) has recently become a hot stock on the Hong Kong Stock Surge List of the East Money App [1]. Its popularity is mainly driven by three factors: First, expectations of AI transformation— the company strengthened the AI transformation signal by introducing new board members with backgrounds from SenseTime and Wuji Capital; after this news was announced on November 24, 2025, the stock price soared 233% within half a month [2]; Second, recent capital operations— on December 11, 2025, the company completed a placement of 415.4 million shares at a price of HK$0.205 per share [3]; Third, the warrant issuance announcement released by the Hong Kong Stock Exchange on December 23, 2025, which may be the direct reason for triggering the day’s popularity [4].

1. AI Concept Empowers Traditional Consumer Enterprises
   
   As a traditional women’s footwear enterprise, Qianbaidu’s AI transformation news has triggered strong investor expectations for its business upgrade, showing the significant valuation boost effect of the AI concept on traditional industries in the Hong Kong stock market.
2. Capital Operations and Market Sentiment Linkage
   
   Capital operation events such as stock placements and warrant issuances, amplified by AI transformation expectations, further attract investor attention and form short-term stock price rise momentum.
3. Small-Cap Stock Volatility Risk
   
   As a small-cap stock, Qianbaidu’s short-term sharp stock price fluctuations may be related to its insufficient liquidity; investors need to be alert to the risks brought by high volatility.

• Opportunities
  : If the AI transformation can be successfully implemented, it will bring new momentum for business growth to the company; institutional investors introduced through capital operations may improve the company’s governance level.
• Risks
  : The short-term 233% surge in stock price may lead to overvaluation [2]; there is uncertainty about whether the AI transformation can succeed and translate into actual benefits; as a small-cap stock, the company has a high risk of insufficient liquidity.

Qianbaidu (01028.HK) has become a Hong Kong hot stock due to AI transformation expectations, capital operations, and warrant issuance announcements. Investors need to pay attention to the actual progress of the company’s AI transformation, the warrant exercise prices (such as HK$0.28 and HK$0.316 [4]), and the key points of previous rises. At the same time, they should be alert to valuation risks, transformation uncertainty, and liquidity risks.

[1] East Money App Hong Kong Stock Surge List, Tushare dc_hot, 2025-12-23
[2] Sina Finance - Qianbaidu Bets on AI Transformation, Stock Price Soars 233% in Half a Month, 2025-11-24
[3] East Money Network - Qianbaidu (01028) Shareholders Transfer Shares to HSBC Bank (Hong Kong), 2025-12-12
[4] Hong Kong Stock Exchange - Qianbaidu International Holdings Limited Announcement, 2025-12-23