Volatility - A total of 10 stocks in the A-share market experienced a volatility exceeding 20% today, with Tian Gang Co., Chen Guang Medical, and Deep Technology leading the list [1] Turnover Rate - There were 19 stocks in the A-share market with a turnover rate exceeding 30% today, with Hao Chuang Rui Tong, Yun Han Xin Cheng, and Jian Fa Zhi Xin at the forefront [1] Main Capital Flow - Main capital today saw a net inflow into sectors such as coal, media, and non-bank financials, while there was a net outflow from machinery equipment, pharmaceutical biology, and communications sectors [1] - The stocks with the highest net inflow included Sheng Hong Technology (666 million), De Ming Li (619 million), Duo Flu Duo (593 million), Gan Feng Lithium (481 million), and Sunshine Power (472 million) [1] - The stocks with the highest net outflow included ZTE Corporation (939 million), Xin Yi Sheng (655 million), BYD (576 million), Tian Fu Communication (491 million), and CITIC Heavy Industries (441 million) [1]

新浪科技讯 10月23日下午消息，中兴通讯近日举行成立40周年外事招待会。来自80多个国家的300多名 驻华使节，相关机构代表，国际组织负责人及合作伙伴出席了本次活动。 招待会期间，中兴通讯董事长方榕与嘉宾同切蛋糕，共同庆祝中兴通讯成立40周年。来宾还一起观赏了 民乐演奏、川剧变脸等节目，并体验了机器人现场展示武术招式、与嘉宾趣味互动的精彩环节，感受尖 端科技与传统文化交融的魅力。 中兴通讯方面表示，展望未来，将以四十周年为新起点、以技术创新为依托，携手全球合作伙伴，共赢 数智未来新征程。 中兴通讯董事长方榕在致辞中总结了企业40年来的发展历程与国际化成果。她表示，怀揣"以一根电话 线连接世界"的初心，中兴通讯已成长为全球领先的综合信息与通信技术解决方案提供商，而国际化便 是行稳致远的"必由之路"。得益于中国对外经贸服务机构与各驻华使领馆的支持，更有赖于中外政策衔 接、经贸合作深化的指引，中兴通讯业务已覆盖160多个国家和地区，全球每四人中就有一人使用中兴 的产品与服务。面对人工智能浪潮，中兴通讯正推动从"全连接"向"连接+算力"的战略升级，以领先的 网络连接与智能算力弥合数字鸿沟、深化全球合作，共谱数智化发 ...

Core Points - ZTE Corporation held its 40th anniversary foreign affairs reception on October 21 in Beijing [1] - A performance showcasing Chinese Kung Fu was presented by Yushu Robotics during the event [1]

【振幅大】 -今日A股共有8只个股振幅超过20%； -思林杰、中亚股份等个股振幅居前； 【换手率高】 -今日A股共有12只个股换手率超过40%； -N马可波罗、云汉芯城等个股换手率居前； 【主力资金】 -主力资金今日净流入轻工制造、建筑材料等板块，净流出电子、电力设备等板块； -天孚通信、C马可波、大洋电机、香农芯创、海康威视资金净流入规模居前，分别净流入10.09亿元、 6.42亿元、5.5亿元、4.34亿元、3.63亿元； -比亚迪、中际旭创、中兴通讯、新易盛、阳光电源资金净流出规模居前，分别净流出10.64亿元、7.27 亿元、7.25亿元、7.09亿元、6.9亿元。 (本文来自第一财经) ...

Core Insights - Nubia has launched its new flagship imaging smartphone, the Z80 Ultra, which integrates high-performance capabilities with advanced imaging technology, targeting both photography and gaming markets [1][2] - The Z80 Ultra is priced starting at 4999 yuan, featuring a dual-focus system with a 35mm and 18mm lens, and a triple-camera setup aimed at delivering high-quality photography experiences [1][2] Imaging Technology - The Z80 Ultra features a three-camera system, including a 50MP main sensor for 35mm focal length, a 50MP wide-angle sensor, and a 64MP periscope telephoto lens with OIS and AI super-resolution capabilities [1] - The device incorporates an AI photography master system that utilizes multi-modal recognition and cloud collaboration to enhance shooting suggestions and real-time composition guidance [1] Performance Features - The smartphone is powered by the fifth-generation Snapdragon 8 Gen 2 mobile platform, with a maximum clock speed of 4.6GHz, complemented by LPDDR5X RAM and UFS 4.1 storage [2] - Nubia has introduced the CUBE gaming engine to the Z80 Ultra, allowing for intelligent resource allocation based on gaming scenarios, supporting 2K resolution and 144Hz refresh rates [2] Display and Battery - The Z80 Ultra features a 6.85-inch Sky Full-Screen display with a refresh rate of 144Hz and a touch sampling rate of 3000Hz, designed for enhanced responsiveness in gaming [2] - The device is equipped with a 7200mAh battery and a composite liquid metal cooling system, ensuring high performance and extended battery life [2] Software and Customization - The smartphone runs on Nebula AIOS 2, which includes new features like AI call assistant and super alarm, along with over 500 system optimizations for improved user experience [2] - The Z80 Ultra is available in two colors, Phantom Black and Condensed White, with special editions featuring custom themes and collectibles [2]

Core Insights - On October 21, Shandong Molong made its first appearance on the Hong Kong Stock Connect active trading list in the past month, with a trading volume of 1.147 billion HKD and a net buying amount of 48 million HKD, closing up 8.39% [1] Trading Activity Summary - The total trading volume of active stocks on the Hong Kong Stock Connect reached 44.268 billion HKD, accounting for 35.00% of the day's total trading amount, with a net buying amount of 868 million HKD [1] - Alibaba-W led the trading volume with 10.33 billion HKD, followed by SMIC and Pop Mart with trading amounts of 7.805 billion HKD and 5.897 billion HKD, respectively [1] Stock Performance Overview - The most frequently listed stocks in the past month include Alibaba-W and Huahong Semiconductor, each appearing 16 times, indicating strong interest from Hong Kong Stock Connect investors [1] - Shandong Molong's trading activity on October 21 marked its first listing in the past month, with a notable increase in its stock price [1]

Core Points - The Hang Seng Index rose by 0.65% to close at 26,027.55 points on October 21, with a net inflow of HKD 1.171 billion from southbound funds through the Stock Connect [1] - The total trading volume for the Stock Connect on the same day was HKD 126.489 billion, with a net buy of HKD 1.171 billion [1] - In the Shanghai Stock Connect, the trading volume was HKD 80.647 billion with a net buy of HKD 2.524 billion, while the Shenzhen Stock Connect had a trading volume of HKD 45.843 billion with a net sell of HKD 1.353 billion [1] Trading Activity - The most actively traded stock in the Shanghai Stock Connect was Alibaba-W, with a trading volume of HKD 6.587 billion, followed by SMIC and Pop Mart, with trading volumes of HKD 4.678 billion and HKD 4.097 billion, respectively [1] - In terms of net buying, Pop Mart led with a net inflow of HKD 0.683 billion, despite its stock price dropping by 8.08% [1] - Alibaba-W had the highest net sell amount of HKD 0.133 billion, while its stock price increased by 1.98% [1] Shenzhen Stock Connect Activity - In the Shenzhen Stock Connect, Alibaba-W also topped the trading volume with HKD 3.743 billion, followed by SMIC and Pop Mart with HKD 3.127 billion and HKD 1.800 billion, respectively [2] - Pop Mart again had the highest net buy amount of HKD 0.438 billion, despite a closing price drop of 8.08% [2] - The stock with the largest net sell was the Tracker Fund of Hong Kong, with a net sell of HKD 1.102 billion, while its stock price rose by 0.68% [2]

Core Viewpoint - The company has established strong partnerships with leading domestic server manufacturers and internet enterprises, enhancing its reputation in the data center business [2] Group 1: Business Partnerships - The company has delivered products to well-known domestic server system manufacturers such as Inspur, Foxconn, Huawei, Lenovo, ZTE, and H3C [2] - The company maintains close cooperation with top domestic internet enterprises, which has led to high recognition from clients [2]

Group 1 - On October 21, 2025, Alibaba-W (09988), SMIC (00981), and Pop Mart (09992) ranked as the top three companies by trading volume in the Southbound Stock Connect, with transaction amounts of 6.587 billion, 4.678 billion, and 4.097 billion respectively [1] - In the Southbound Stock Connect for the Shenzhen-Hong Kong Stock Connect, Alibaba-W (09988), SMIC (00981), and Pop Mart (09992) also held the top three positions, with transaction amounts of 3.743 billion, 3.127 billion, and 1.800 billion respectively [1] Group 2 - In the Southbound Stock Connect, the top active trading companies included Alibaba-W (09988) with a transaction amount of 6.587 billion and a net buy of -0.133 billion, SMIC (00981) with 4.678 billion and a net buy of -51.9952 million, and Pop Mart (09992) with 4.097 billion and a net buy of +683 million [2] - For the Shenzhen-Hong Kong Stock Connect, the top active trading companies were Alibaba-W (09988) with a transaction amount of 3.743 billion and a net buy of -0.296 billion, SMIC (00981) with 3.127 billion and a net buy of +180 million, and Pop Mart (09992) with 1.800 billion and a net buy of +438 million [2]

Core Insights - The Hong Kong stock market saw a net inflow of 11.71 billion HKD from northbound trading on October 21, with a net buy of 25.24 billion HKD from the Shanghai Stock Connect and a net sell of 13.53 billion HKD from the Shenzhen Stock Connect [1] Group 1: Stock Performance - The most bought stocks included Pop Mart (09992), Xiaomi Group-W (01810), and Hua Hong Semiconductor (01347) [1] - The most sold stocks included the Tracker Fund of Hong Kong (02800), Alibaba Group-W (09988), and Innovent Biologics (01801) [1] Group 2: Individual Stock Details - Pop Mart (09992) received a net buy of 11.2 billion HKD, with projected revenue growth of 245%-250% year-on-year for Q3 2025 [4] - Xiaomi Group-W (01810) had a net buy of 4.81 billion HKD, with the company repurchasing 10.7 million shares at prices between 45.9 and 46.76 HKD [5] - Hua Hong Semiconductor (01347) saw a net buy of 4.29 billion HKD, supported by positive sentiment around the semiconductor sector driven by AI [5] - China Mobile (00941) received a net buy of 1.77 billion HKD, reporting Q3 service revenue of 216.2 billion HKD, a 0.8% year-on-year increase [5] - China Life (02628) had a net buy of 517.7 million HKD, with expected net profit growth of 50% to 70% year-on-year for the first three quarters [6] Group 3: Market Sentiment - The Tracker Fund of Hong Kong (02800) experienced a net sell of 11.02 billion HKD, attributed to increased market volatility and high valuations of global risk assets [6] - Tencent (00700), Innovent Biologics (01801), and Alibaba Group-W (09988) faced net sells of 318.7 million, 776.4 million, and 4.29 billion HKD respectively [7]