值得一提的是，港股互联网ETF（513770）攀升区间持续宽幅溢价，实时溢价率达0.47%，显示买盘资 金较为强势。 板块个股中，平安好医生涨超7%，医脉通涨超5%，东方甄选涨超4%；龙头股表现分化，哔哩哔哩- W、快手-W涨超1%，小米集团-W、美团-W跟涨，阿里巴巴-W跌超1%。 7月30日，科网龙头震荡反弹，重仓港股互联网龙头的港股互联网ETF（513770）场内价格现涨 1.49%，上探收复5日线，实时成交额超2.5亿元，交投活跃。 | 分时 多日 1分 5分 15分 * 综合解 F9 前复权 超级稳加 面述 工具 @ (1) > | | | | 港股互联网ETF ① | स | | --- | --- | --- | --- | --- | --- | | 513770.SH[熟股互联网ETF] 2025/07/30 收1.157 幅1.49%(0.017) 开 1.131 高 1.157 低量 | 18157 +0.017 +1.49% | | | | N 513770 | | MAS 1.1511 MA10 1.1441 MA20 1.1061 MA60 1.0681 MA120 1.0611 ...

7月30日，科网龙头震荡反弹，重仓港股互联网龙头的港股互联网ETF（513770）场内价格现涨1． 49%，上探收复5日线，实时成交额超2.5亿元，交投活跃。 板块个股中，平安好医生涨超7%，医脉通涨超5%，东方甄选涨超4%；龙头股表现分化，哔哩哔哩- W、快手-W涨超1%，小米集团-W、美团-W跟涨，阿里巴巴-W跌超1%。 提醒：近期市场波动可能较大，短期涨跌幅不预示未来表现。请投资者务必根据自身的资金状况和风险 承受能力理性投资，高度注意仓位和风险管理。 数据来源：沪深交易所等。注：中证港股通互联网指数近5个完整年度的涨跌幅分别为：2020年， 109.31%；2021年，-36.61%；2022年，-23.01%；2023年，-24.74%；2024年，23.04%。指数成份股构 成根据该指数编制规则适时调整，其回测历史业绩不预示指数未来表现。 港股今年以来表现亮眼，AI热潮吸引外资明显回流。港股聚集了大量电商、游戏板块的上市公司。人 工智能技术的推动，令许多海外投资者重新看好并加码这些板块，成为重要推力。 港股互联网ETF（513770）及其联接基金（A类 017125；C类 017126）被动跟踪中 ...

Core Viewpoint - NetDragon (00777) received an A rating in the 2025 ESG assessment by Wind, highlighting its strong performance in environmental protection, social responsibility, and corporate governance [1] Group 1: ESG Rating and Recognition - Wind's ESG rating system defines A-rated companies as having high management levels, low ESG risks, and strong sustainable development capabilities [1] - Among 105 listed software companies evaluated, NetDragon ranked sixth, with scores above the industry average in all three ESG dimensions [1][3] - NetDragon has also received a BBB rating from MSCI and is recognized as a low-risk company by Morningstar Sustainalytics, placing it among the top in the global software and services industry [4] Group 2: Sustainable Development Initiatives - The company integrates sustainable development strategies into its operations and product development, focusing on social responsibility and governance [3] - NetDragon's digital education products have reached over 200,000 classrooms in 192 countries, promoting green education practices [3] - The company launched the "Asian Elephant Rescue Action" in collaboration with the Xishuangbanna Tropical Rainforest Conservation Foundation to raise public awareness of wildlife protection [3] Group 3: Future Outlook - NetDragon plans to deepen its ESG principles, enhance management practices and information disclosure, and continue its "Game+" model and digital education innovations [4] - The company aims to collaborate with global partners to promote cultural heritage, environmental protection, and educational equity, creating long-term sustainable value for society and the environment [4]

Core Viewpoint - The Chinese internet sector is experiencing a rebound, with significant increases in related ETFs, driven by ongoing digital transformation and the adoption of new technologies such as AI and cloud computing [1][2]. Group 1: ETF Performance - The Chinese internet ETFs showed notable gains, with the Chinese Internet ETF (159607) rising by 2.46% and the Chinese Internet ETF (159605) increasing by 2.26% [2][5]. - The trading volume for the Chinese Internet ETF (513050) reached 2.32 billion yuan, indicating active market participation [1][5]. - The Chinese Internet ETF (159605) has a scale of 4.256 billion units, with a half-day transaction amount of 478 million yuan [2]. Group 2: Industry Drivers - The Chinese internet industry is in a deepening phase of digital transformation, with growth driven by new technologies such as AI, cloud computing, and smart vehicles [2]. - Companies like Tencent and Alibaba are seeing rapid growth in AI-related revenues and applications in various sectors, including e-commerce and manufacturing [2]. Group 3: Index Composition - The CSI Overseas China Internet 30 Index includes 30 Chinese internet companies listed on overseas exchanges, reflecting investment opportunities in well-known Chinese internet firms [3]. - Major weighted stocks in the CSI Overseas China Internet 30 Index include Tencent Holdings (14.99%), Alibaba (14.04%), and Xiaomi (12.58%) [4]. - The CSI Overseas China Internet 50 Index, which tracks 50 Chinese internet companies, has Tencent and Alibaba as its top weighted stocks, with weights of 30.26% and 20.57% respectively [6]. Group 4: Market Outlook - The market for the Chinese internet sector is expanding due to consumer recovery and globalization efforts, which further open up market space [2]. - The CSI Global China Internet Index focuses on leading internet companies, indicating a trend of "the strong getting stronger" in the industry [7].

Core Viewpoint - *ST Xinchao (600777) has experienced a significant stock price increase of 21.81%, closing at 3.91 yuan as of July 11, 2025, marking its highest price in nearly a year [1] Trading Information Summary - The stock has been listed on the "Dragon and Tiger List" due to a cumulative price deviation of over 12% for three consecutive trading days [1][6] - The total market capitalization of *ST Xinchao is currently 26.59 billion yuan, ranking 2nd in the oil and gas extraction sector and 590th among A-shares [1] Company Announcement Summary - The company received a notice from six shareholders, including Shenzhen Hongyu Business Consulting Co., Ltd., to convene a temporary shareholders' meeting on July 24, 2025, to discuss the early re-election of the board of directors and supervisors [2][7] - The board of directors and supervisors have refused to convene the meeting, citing that the conveners did not provide specific proposals, which does not comply with legal regulations and the company's articles of association [3][4][5] Legal Opinions Summary - Legal opinions from various law firms indicate that the conveners, holding a combined 14.99% of shares, have the right to propose the meeting and that the board and supervisory board should legally convene the temporary shareholders' meeting [3][4][5] - The conveners argue that the company's governance structure needs improvement due to significant changes in shareholding and the company's failure to disclose the 2024 annual report, which has led to regulatory investigations and stock suspension [4][5] Stock Trading Anomalies - The stock has been under risk warning since July 8, 2025, due to the inability to express an opinion in the 2024 annual report and the first quarter report, leading to potential delisting risks [8] - The company has stated that its business operations are normal and there are no undisclosed significant matters affecting stock prices [8]

Group 1 - The core achievement of the company is winning the "Quality Education Innovation Technology - Rising Star Award" at the "2025 Hong Kong Sustainable Development Innovation Technology Awards" for its "Integrated Digital Education Solutions" [1][3] - The award highlights the company's excellence in the education technology sector and its recognition by the industry [1][5] - The company's innovative case has been included in the "2025 Hong Kong Sustainable Development Innovation Technology Solutions Compilation," promoting its digital education practices globally [1][3] Group 2 - The "2025 Hong Kong Sustainable Development Innovation Technology Awards" aims to recognize organizations and talents integrating innovative technology with sustainable development principles across various sectors [3] - The awards attracted over 90 organizations submitting nearly 200 innovative technology projects, with 12 outstanding projects selected across nine fields, including quality education [3] - The company stood out for its technological innovation and contributions to sustainable development in the digital education field [3] Group 3 - The company focuses on empowering education through technology, integrating cutting-edge technologies like AI, VR, AR, and the metaverse to create a global digital education ecosystem [4] - The company collaborates with UNESCO IITE to provide high-quality teaching resources and AI support for teachers worldwide, enhancing accessibility and equity in education [4] - The company's digital products are utilized in over 200,000 classrooms across 192 countries, demonstrating its global reach and impact [4] Group 4 - Winning the award confirms the company's innovative capabilities in education technology and its commitment to sustainable development [5] - The company plans to continue expanding its education technology solutions while integrating ESG principles into its products and operations [5] - The company aims to contribute to the United Nations' "2030 Sustainable Development Goals" and create long-term value for the future [5]

Core Viewpoint - The gaming industry is making significant strides in the Environmental, Social, and Governance (ESG) domain through innovative initiatives, exemplified by the collaboration between NetDragon and the Xishuangbanna Tropical Rainforest Conservation Foundation for the "Asian Elephant Rescue Action" program [1] Group 1: Digital Empowerment and New Ecological Models - NetDragon has integrated gaming mechanics with philanthropy, creating a new model of "digitalization + public welfare," allowing players to contribute to real-world elephant habitat restoration while enjoying the game [2] - The shift from offline fundraising to a virtual ecosystem-driven approach enhances the efficiency and transparency of charitable efforts, showcasing the gaming industry's potential in the ESG space [2] Group 2: Immersive Participation and Engagement - The new version of the game features a "triggered donation" model where player actions directly translate into donations to the rainforest foundation, alongside virtual tasks for ecological restoration [3] - Players can earn exclusive in-game rewards and a digital certificate for their contributions, creating a traceable link in the charitable process, thus engaging the Z generation in social responsibility through digital means [3] Group 3: Corporate Responsibility and Technological Goodness - As ESG principles gain traction, more companies are incorporating them into their strategies, with gaming companies uniquely positioned to embed positive values into their core operations [4] - NetDragon has expanded its "gaming + public welfare" strategy across various sectors, including ecological protection and cultural heritage, demonstrating corporate responsibility through multiple philanthropic projects [4] - The integration of gaming with public welfare and cultural tourism not only enriches game content but also establishes a positive communication mechanism with social benefits [4]

Group 1 - Key Point 1: 基石药业-B (02616) rose over 5% after its drug for lung cancer,舒格利单抗, received long-term survival data recognition in The Lancet Oncology, reinforcing its position as a first-line treatment in Europe [2] - Key Point 2: 海昌海洋公园 (02255) increased by over 4% as a major shareholder, 祥源控股, is set to acquire a 38.6% stake for HKD 22.95 billion, potentially alleviating liquidity pressures [2] - Key Point 3: 冠忠巴士 (00306) surged 27% with a projected 143% increase in annual pre-tax profit to HKD 165 million, driven by revenue growth, reduced fuel costs, and autonomous driving licenses [2] Group 2 - Key Point 1: 东方表行 (00398) fell over 5% due to a 5.2% decline in revenue and a 20% drop in net profit, attributed to weak luxury goods demand amid geopolitical conflicts and interest rate fluctuations [2] - Key Point 2: 北森控股 (09669) plummeted over 17% as its adjusted annual EBITDA was only HKD 28.9 million, with Everbright Securities lowering revenue forecasts by 10%-15% due to growth challenges [3] - Key Point 3: 顺丰控股 (06936) rose over 6% to a new high, with May express delivery revenue increasing by 13.4%, and the scaling of unmanned delivery vehicles potentially opening up future profit opportunities [3] Group 3 - Key Point 1: 中国中免 (01880) increased by over 5% as it accelerates the expansion of its duty-free stores, with 4 already opened and 9 more in preparation, benefiting from favorable policies [3] - Key Point 2: 华虹半导体 (01347) rose over 7% with a capacity utilization rate of 102.7%, and Tianfeng Securities optimistic about future contributions of USD 1.28 billion from its 9th factory [3] - Key Point 3: 网龙 (00777) increased over 3% after showcasing AI digital human presentation technology at a UN conference, launching the "EDA Education Metaverse" strategy, which catalyzed a revaluation of AI [4]

Core Viewpoint - The Ministry of Industry and Information Technology of China has recognized NetDragon (00777) as a leading enterprise in the "Future Information" sector for 2024, marking it as the only selected enterprise from Fujian province in this category [1][4]. Group 1: Recognition and Achievements - NetDragon has been included in the "2024 Future Industry Innovation Development Excellent Typical Cases" list, highlighting its role as a leader in the future information sector [1][4]. - The company's "Metaverse Intelligent Education Platform" and "Exhibition Metaverse Platform" have also been recognized as typical application scenarios in Fujian province [1][5]. Group 2: Technological Integration and Impact - NetDragon leverages cutting-edge technologies such as VR/AR, AI, and big data to create a robust business ecosystem that includes content resources, tool solutions, and platform channels [4]. - The "Metaverse Intelligent Education Platform" integrates various components to provide immersive and personalized learning experiences, with VR resources developed for all standard experiments in subjects like physics, biology, and chemistry [7]. - The "Exhibition Metaverse Platform" utilizes advanced technologies to enable virtual interactions across different spaces, enhancing applications in meetings, exhibitions, and social interactions [8]. Group 3: Strategic Vision and Global Reach - The company aims to build a global lifelong learning ecosystem through its educational metaverse, positioning "AI + Education" as a core strategic focus [10]. - NetDragon has gained international recognition for its contributions to global education equity and quality improvement, particularly through its innovative "on-demand learning" concept presented at a high-level meeting at the United Nations [10].

Core Insights - The United Nations held a high-level expert group meeting in New York to establish an online university for Least Developed Countries (LDCs), where Dr. Liu Dejian, founder and chairman of NetDragon, presented the "AI + Education" model to promote global educational equity and quality [1] - NetDragon signed a strategic cooperation agreement with UNESCO-ICHEI to collaborate on smart classrooms, AI courseware, and micro-credential development, aiming to support the digital transformation of higher education in developing countries [1] Group 1: AI + Education Strategy - NetDragon plans to provide high-quality teaching content and immersive self-exploration learning environments through its AI production center, targeting millions of active users globally [2] - The company's AI + strategy aligns with two major trends: the evolution of the gaming industry towards digital twin infrastructure and the transformation of educational technology into a cognitive revolution [2] - The AI production center has already integrated neural network algorithms into game NPC behavior and educational content generation, enhancing efficiency by 30-60% in game production processes [3] Group 2: EDA Education Metaverse - The EDA education metaverse platform will serve as the main hub for delivering immersive educational experiences across various subjects and learning stages [3] - The platform will utilize blockchain technology to create a decentralized learning community, where participants' contributions are recorded and converted into verifiable digital rights [3] - A dual incentive system combining digital assets and achievement badges will encourage continuous engagement and growth among global education participants [3] Group 3: Broader AI + Education Initiatives - NetDragon's subsidiary Mynd.ai, which owns the Promethean brand, is positioned to become a key platform for AI + education content and software [4] - The company's investment in AR firm Rokid, which recently launched AI glasses, introduces a new paradigm of "metaverse + vocational training" [4] - Institutional investors are reassessing NetDragon's valuation based on its AI capabilities, with a current dynamic P/E ratio approximately 40% lower than the median of the Hong Kong tech sector, alongside a consistent 18-year dividend payout history [4]