Market Overview - The Hong Kong stock market experienced a collective decline, with the Hang Seng Index falling by 1.72%, the Hang Seng Tech Index down by 0.9%, and the China Enterprises Index decreasing by 1.55% due to a significant drop in US stocks [1][2]. Sector Performance - Major technology stocks dragged the market lower, with Meituan and Baidu both dropping over 3%, Alibaba down over 2%, and other tech giants like JD.com, Kuaishou, NetEase, and Tencent also declining [2][5]. - Gold-related stocks saw a collective decline, with Zijin Mining falling over 7% [2][6]. - The financial sector weakened, with China Life Insurance dropping over 3% [2][10]. - Oil stocks also faced a downturn, with China Petroleum & Chemical Corporation down over 5% [2][9]. - Semiconductor stocks showed strength, with Aixin Yuan Zhi rising over 17% [2][12]. - The restaurant sector was active, with Jiu Mao Jiu increasing over 5% [2][13]. - Robotics stocks rose, with MicroPort Robotics gaining over 11% [2][15]. Notable Individual Stocks - Aixin Yuan Zhi surged by 17.16%, while other semiconductor stocks like Tian Shu Zhi Xin and Zhaoyi Innovation also saw significant gains [12]. - Jiu Mao Jiu in the restaurant sector rose by 5.09% [13]. - MicroPort Robotics in the robotics sector increased by 11.71% [15]. - Haizhi Technology Group debuted on the Hong Kong stock market with a remarkable increase of over 242% [17]. Capital Flows - Southbound funds recorded a net inflow of HKD 20.219 billion, with HK Stock Connect (Shanghai) net buying HKD 11.476 billion and HK Stock Connect (Shenzhen) net buying HKD 8.743 billion [19]. Future Outlook - Guolian Minsheng Securities suggests that historically, the Hong Kong market tends to show strong upward momentum during the Chinese New Year holiday, coupled with the current tech market catalyst and the inflow of funds due to the appreciation of the Renminbi [21].

格隆汇2月13日丨百隆东方(601339.SH)在互动平台表示，公司染料成本占比较低，染料价格波动对公司 整体生产成本和毛利率的影响有限。 ...

格隆汇2月13日丨LONG投资集团(02312.HK)公告，截至2026年1月31日，LONG投资集团及其附属公司 未经审核的每股资产净值约为0.35港元。 ...

格隆汇2月13日丨大健康国际(02211.HK)宣布，本公司将于2026年2月27日（星期五）举行董事会会议， 藉以（其中包括）审批本公司及其附属公司于截至2025年12月31日止六个月的中期业绩及其发布，以及 考虑派发中期股息（如有）。 ...

格隆汇2月13日丨中国供应链产业(03708.HK)宣布，将于2026年2月25日（星期三）举行董事会会议，以 （其中包括）审议及批准刊发本公司及其附属公司截至2025年12月31日止六个月的未经审核中期简明综 合业绩，以及考虑派付股息（如有）。 ...

格隆汇2月13日丨中化化肥(00297.HK)公告，自2026年2月13日起：(i)苏赋已辞任公司非执行董事、董事 会主席及董事会战略委员会主席职务；及(ii)张学工已获委任为公司执行董事、董事会主席及董事会战 略委员会主席。 ...

格隆汇2月13日丨瑞鑫国际集团(00724.HK)发布公告，张晓粉及竺连海已获委任为公司独立非执行董 事，自2026年2月13日起生效。 ...

格隆汇2月13日丨越南制造加工出口(00422.HK)发布公告，预期集团截至2025年12月31日止年度录得净 利润将不少于350万美元，而截至2024年12月31日止年度录得净亏损约380万美元。该增长主要由于集团 于本年度内完成一项有关越南同奈省边和市土地使用权转让的事宜的主要交易，令集团于本年度确认相 关收益。撇除此项收益影响，集团的经营业务于本年度并无重大变动。 ...

格隆汇2月13日丨圆通国际快递(06123.HK)公告，与2024年相应年度相比，预期集团于截至2025年12月 31日止年度将录得净亏损增加。集团预期于截至2025年12月31日止年度将录得净亏损约1.45亿港元至 1.54亿港元(截至2024年12月31日止年度：净亏损约4,200万港元)。 净亏损增加的主要原因包括：(i)由于部分主要经济体关税政策波动，带来跨境贸易的不确定性增加，国 际货运市场尤其是国际空运市场的需求、价格均出现较大波动，导致货运业务利润下降；(ii)为集中资 源发展核心业务，公司主动优化业务结构，战略性地缩减了部分低毛利率或回款周期较长的非核心业 务，导致整体收入及毛利减少；(iii)为深化推进国际化发展战略，构建全球快递枢纽设施和运营网络， 实现"中国联世界，世界联世界"，打造安全、畅通、便捷、高效、可持续、自主、可控的物流供应链体 系，并推进人工智能等前沿技术应用，全方位提升核心竞争力，于截至2025年12月31日止年度内本集团 持续加大国际化人才的引进与培养，针对重点区域和国家、关键市场等构建物流枢纽，增强对物流核心 基础设施和资源的掌控力，并全面推动数字化向智能化转型升级，强 ...

Core Viewpoint - IFBH (06603.HK) expects a significant decrease in net profit for the fiscal year ending December 31, 2025, with an anticipated decline of approximately 27% to 32% compared to the same period in 2024 [1] Financial Performance - The adjusted net profit (non-IFRS measure) is projected to decrease by about 20% to 25% year-on-year [1] - The decline in both net profit and adjusted net profit is attributed to operational and strategic factors [1] Brand Performance - The performance of Innococo, one of the company's smaller brands, has faced temporary operational challenges, leading to a substantial year-on-year revenue decline [1] - The overall revenue growth of the group has been negatively impacted by the poor performance of Innococo [1] Strategic Actions - The group has experienced adverse effects on its gross margin due to unfavorable foreign exchange movements [1] - Strategic marketing investments are being made in Innococo, including hiring new brand ambassadors and promotional activities for product launches, aimed at strengthening the brand's market position and driving future growth [1] - The company has taken strategic actions to enhance operations and improve execution capabilities to ensure sustainable growth for Innococo in the future [1]