NKcqx

Analyze Hong Kong IPO (new share) listings end-to-end and produce a retail-investor-friendly subscription decision memo. Use when the user mentions a HK stock code in IPO/招股 phase, asks "要不要认购/打新", references 招股书/招股章程/招股价/暗盘/破发/孖展, shares an IPO prospectus PDF or hkexnews link, or asks to evaluate any "(待)上市" Hong Kong company. Covers locating the prospectus on HKEX disclosure (申请版本 + 正式招股章程), pulling deal terms (price range, lot, entry fee, timetable, cornerstones, clawback) from etnet/AASTOCKS/sina, parsing prospectus financials (revenue, margin, cashflow, customer concentration), building a peer-PS/PE comparison, structuring risk factors, ending with an explicit "if I were the user, would I subscribe" stance, and giving post-listing position management rules. Not for already-listed seasoned equities — for those use ordinary equity research instead.