| 表格序號 | 大股東/董事/最高行政人員名 作出披露的 買入 / 賣出或涉及的 每股的平均價 | | | | | 持有權益的股份數目 佔已發行的有關事件的日 相關法 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 股份數目 | | | (請參閱上述*註 | 有役票權股 期(日/月/ 權益 | | | | | | | | | 份自分比 年) | | | | | | | | | 9/2 | | CS20250807E00249 | BlackRock, Inc. | 1201(L) | | 2,791,000(L | HKD 18.4159 | 211,575,223(L) | 5.96(L)04/08/2025 | | | | | | | | 6,127,000(S) | 0.17(S) | 金蝶国际(0268.HK)现跌4.17%报17.93港元，暂成交6.55亿港元，最新市值636.42亿港元。联交所最新权益披露资料显示，金蝶国际于8月4日遭BlackRock, Inc.以每股均价18.4159港元减持好仓279.1万股，涉资约 ...

Market Performance - As of August 8, 2025, the CSI Hong Kong Internet Index (931637) decreased by 1.33% with mixed performance among constituent stocks [3] - Leading gainers included Dongfang Zhenxuan (01797) up 7.38%, and Lion Group Holdings (02562) up 3.19%, while leading decliners were Qutoutiao (00917) down 6.40% and Kingsoft Cloud (03896) down 5.10% [3] - The Hong Kong Internet ETF (159568) fell by 1.10%, currently priced at 1.8 yuan, but has seen a 0.55% increase over the past week [3] Liquidity and Trading Activity - The Hong Kong Internet ETF had a turnover rate of 19.46% with a trading volume of 62.965 million yuan, indicating active market participation [3] - Over the past year, the average daily trading volume of the Hong Kong Internet ETF was 187 million yuan [3] User Engagement and Ecosystem - Bilibili's user ecosystem is thriving, with 368 million monthly active users and 107 million daily active users as of Q1 2025 [3] - The platform has 32 million monthly paying users and an average daily usage time of 108 minutes, with a 70% penetration rate among Gen Z users [3] ETF Performance Metrics - As of August 7, 2025, the Hong Kong Internet ETF has seen a net value increase of 72.24% over the past year, ranking 138 out of 2949 in the index fund category [5] - The ETF's highest monthly return since inception was 30.31%, with a longest consecutive monthly gain of 3 months and an average monthly return of 8.62% [5] Risk and Fee Structure - The management fee for the Hong Kong Internet ETF is 0.50% and the custody fee is 0.10%, which are among the lowest in comparable funds [7] - The ETF's tracking error over the past three months was 0.050%, indicating high tracking precision compared to similar funds [7] Valuation Insights - The latest price-to-earnings ratio (PE-TTM) for the index tracked by the Hong Kong Internet ETF is 23.8, which is below the 80.03% historical average over the past five years, suggesting a low valuation [7] - The CSI Hong Kong Internet Index consists of 30 publicly listed companies related to internet businesses, reflecting the overall performance of internet-themed stocks within the Hong Kong Stock Connect [7][8]

Core Viewpoint - Kingdee International (00268) experienced a 5.02% drop in stock price, trading at 17.77 HKD per share with a transaction volume of 2.35 billion HKD as of August 8 [1] Company Overview - Kingdee International Software Group Co., Ltd. is a globally recognized enterprise management cloud SaaS company, primarily providing cloud services for Enterprise Resource Planning (ERP) and AI management platforms [1] - According to IDC research data, Kingdee ranks first in the Chinese enterprise resource management cloud service market and has maintained the top position in the Chinese growth enterprise application software market for 19 consecutive years, serving over 7.4 million enterprises and government organizations worldwide [1] Financial Performance - As of the 2024 annual report, Kingdee International reported total revenue of 6.256 billion CNY and a net loss of 142 million CNY [2] Upcoming Events - Kingdee International is set to disclose its mid-year report for the fiscal year 2025 on August 11 [3]

Group 1 - BlackRock, Inc. reduced its stake in Kingdee International Software Group Company Limited (stock code: 00268.HK) by selling 2.791 million shares at an average price of HKD 18.4159 per share, amounting to approximately HKD 51.3988 million [1][2] - Following the sale, BlackRock's total holdings in Kingdee International decreased to 211,575,223 shares, resulting in a reduction of its ownership percentage from 6.04% to 5.96% [1][2]

Group 1 - The summit "AI + Management, Achieving Excellence - Kingdee Cloud · Starry Sky" was held in Shenzhen, gathering over 800 representatives from leading manufacturing companies, industry experts, and ecological partners to discuss the transformation of the manufacturing industry in the AI era [1] - Shenzhen's manufacturing leadership is attributed to the willingness of its enterprises to embrace change, with Kingdee serving as a notable example of successful transformation from a traditional enterprise to a cloud service giant [3] - Kingdee's Chairman and CEO Xu Shaochun emphasized three core viewpoints: AI will significantly drive enterprise innovation, companies should leverage processes and data for knowledge transformation, and while embracing AI, they must also remain cautious of its risks [3] Group 2 - Huang Wei, Director of the National Applied Mathematics Center at Southern University of Science and Technology, analyzed the challenges faced by the manufacturing industry, highlighting the limitations of traditional ERP systems and the emergence of AI-driven EBC 2.0 as a future trend [5] - Kingdee's Executive Vice President Zhao Yanxi noted that manufacturing enterprises are experiencing nine major changes due to the combined impact of AI, trade wars, and new globalization, transitioning from traditional MRP to a more intelligent EMAI era [5] - Kingdee has integrated AI technology to assist manufacturing in achieving intelligent transformation across various functions, including R&D, production, quality, supply chain, marketing, human resources, and finance [5] Group 3 - Kingdee Cloud · Starry Sky has provided digital transformation services to over 44,000 enterprises and has maintained the top market share in China's application software market for growing enterprises for 21 consecutive years [6] - In Shenzhen, Kingdee has served over 70% of the national-level specialized and innovative "little giant" enterprises, becoming a preferred partner for leading companies such as Dazhu Laser and Hainengda [6] - The collaboration between Kingdee and Hainengda resulted in the successful implementation of 136 processes within three months, integrating multiple systems to enhance the company's global and intelligent development [6] Group 4 - Didi Enterprise Edition is collaborating with Kingdee to create a one-stop smart solution for business travel and expense management aimed at high-growth enterprises, facilitating their digital transformation [7]

Group 1 - The core point of the article is that Kingdee Software (China) Co., Ltd. has applied for a patent related to a data display method, computer equipment, and storage medium, indicating its focus on innovative technology solutions [1] - The patent application, published as CN120429354A, was filed on April 2025 and involves a method for displaying data that includes backend server responses to display requests and the retrieval of associated data fields [1] - The method described in the patent allows for the configuration of display settings for various data fields, enhancing the flexibility and usability of data presentation [1] Group 2 - Kingdee Software (China) Co., Ltd. was established in 1993 and is located in Shenzhen, primarily engaged in software and information technology services [2] - The company has a registered capital of 1.4 billion RMB and has made investments in 65 enterprises, showcasing its active role in the market [2] - Kingdee has participated in 3,341 bidding projects and holds 1,858 patent records, indicating a strong focus on innovation and intellectual property [2]

Group 1 - The core viewpoint of the article highlights that Kingdee Software (China) Co., Ltd. has obtained a patent for a data processing method based on data type labels, with the patent number CN115510827B and application date of August 2022 [1] - Kingdee Software was established in 1993 and is located in Shenzhen, primarily engaged in software and information technology services [1] - The company has a registered capital of 1.4 billion RMB [1] Group 2 - Kingdee Software has invested in 65 companies and participated in 3,335 bidding projects [1] - The company holds 801 trademark registrations and 1,858 patent records [1] - Additionally, Kingdee Software has obtained 97 administrative licenses [1]

天眼查显示，公司由董事长黄学全持股53.5%，总经理王鹏持股35.7%，中信证券、金蝶国际参与投资。 中教畅享对外投资有14家公司，包括北京鸿科经纬科技、南京中教畅享互联网科技、江西中教畅享网络有限公司等。 相关公司：金蝶国际hk00268,金蝶 瑞财经 严明会近日，中教畅享科技股份有限公司（以下简称：中教畅享）披露IPO辅导工作进展情况报告(第六期)，辅导机 构中信证券。 中教畅享成立于2007年，注册资本5905万元，是一家专注数字化人才发展的科技服务商，为院校提供教学产品和解决方案 等。 ...

Summary of Conference Call Records Industry or Company Involved - A-shares market and various sectors including semiconductor, AI, OLED materials, biopharmaceuticals, and consumer goods Key Points and Arguments A-shares Market Outlook - The current downward risk in the A-shares market is considered low, supported by favorable statements from the political bureau meeting [1] - Historical price-performance ratio indicates a good position for investment despite recent gains in equity [1] Semiconductor Industry - Domestic chip manufacturing capabilities are improving, with significant advancements in AI-related chips [2] - The demand for domestic supply chains is increasing, leading to high processing rates for local manufacturers [2][3] OLED Materials - The penetration rate of OLED materials is increasing due to performance advantages over LCDs and new technologies addressing previous lifespan issues [9] - Domestic manufacturers are gaining market share as global OLED production capacity shifts to China [10] - Future growth is expected from domestic panel manufacturers expanding production and the introduction of new consumer electronics [11][12] Biopharmaceuticals - China National Pharmaceutical has made strategic acquisitions to enhance its pipeline, including a significant collaboration with a major pharmaceutical company [16][17] - Expected revenue growth from 2025 to 2027 is projected at 32.4 billion to 43.8 billion RMB, with substantial profit increases [18] Consumer Goods - The company "粉笔" (Fenbi) is positioned well in the online education sector, with plans to introduce AI-driven products to boost revenue [31][32] - "若与诚" (Ruoyucheng) is expanding its product lines in health and wellness, with expected revenue growth driven by new brand launches [33][34] Investment Recommendations - Various companies have been highlighted as "gold stocks" for August, including 中芯国际 (SMIC), 莱特光电 (Lite-On), and others, based on their growth potential and market positioning [3][8][12][29] Other Important but Possibly Overlooked Content - The overall economic environment is showing signs of recovery, which may positively impact various sectors [1] - The potential for new product launches in consumer electronics and the healthcare sector is significant, with expected high demand in the coming years [11][27] - The impact of geopolitical factors, such as tariffs, on market dynamics is acknowledged, particularly in the context of the U.S.-China trade relationship [25] This summary encapsulates the key insights from the conference call records, highlighting the optimistic outlook across various sectors and the strategic positioning of recommended companies.

Core Viewpoint - Kingdee International (00268) has shown strong performance recently, with a significant increase of 4.67% to HKD 18.82, indicating continued capital inflow [1] Price Movement and Technical Analysis - The stock price reached a high of HKD 19 during intraday trading, with a current price of HKD 18.57 as of 9:50 AM [1] - The closing price of HKD 18.82 has surpassed the upper Bollinger Band at HKD 18.6, signaling a "buy" direction [1] - The first resistance level is at HKD 19.7, and if broken, the price may challenge HKD 21.4 [1] - Technical indicators show that the RSI has reached the overbought zone at 70, while MACD maintains a buy signal; however, the stochastic oscillator indicates a sell signal, suggesting potential short-term adjustments [1] - The stock price is significantly above the 10-day moving average (MA10) of HKD 17.25 and the 30-day moving average (MA30) of HKD 16.01, indicating a clear short-term upward trend, but the overbought condition warrants caution [1] Support and Resistance Levels - Key support is at HKD 16.9, with stronger support at HKD 16.2; the upper resistance is at HKD 19.7, which, if surpassed, could lead to a challenge of HKD 21.4 [3] - The Bollinger Bands indicate that the stock price is nearing the upper band, and failure to break through may result in a pullback to the middle band [3] Derivative Instruments - On July 30, Kingdee's stock rose by 7.41%, with related warrants showing significant leverage, such as the warrant 13464, which increased by 24% in a single day [4] - Investors optimistic about Kingdee's future performance may consider high-leverage call warrants, including: - Bank of China warrant 16701: exercise price HKD 22.73, leverage 3.14, suitable for conservative investors [5] - JPMorgan warrant 18077: out-of-the-money by 21.61%, leverage 3.05, suitable for those anticipating a breakout [5] - UBS warrant 18108: leverage 5.44, premium 36.86%, suitable for short-term high-leverage traders [5]