Group 1 - The Hong Kong stock market saw a decline in optical communication concept stocks, with all listed companies in this sector experiencing losses [1] - Changfei Fiber Optics (06869.HK) dropped by 6.91%, trading at 86.2 HKD [1] - Huahong Semiconductor (01347.HK) fell by 4.2%, with a current price of 98.1 HKD [1] - Huiju Technology (01729.HK) decreased by 3.86%, now priced at 16.93 HKD [1] - Cambridge Technology (06166.HK) saw a decline of 3.06%, trading at 71.25 HKD [1] - Hongteng Precision (06088.HK) experienced a drop of 2.87%, with a price of 4.74 HKD [1]

Core Viewpoint - The optical communication sector is experiencing a significant decline, with major stocks such as Changfei Optical Fiber and Huahong Semiconductor seeing notable drops in their share prices. The overall market sentiment appears to be negative, influenced by currency fluctuations and profit warnings from companies in the sector [1] Group 1: Stock Performance - Changfei Optical Fiber (601869) has decreased by 6.91%, trading at 86.2 HKD [1] - Huahong Semiconductor (01347) has fallen by 4.2%, currently at 98.1 HKD [1] - Huiju Technology (01729) is down by 3.86%, priced at 16.93 HKD [1] - Cambridge Technology (603083) has dropped by 3.06%, now at 71.25 HKD [1] - Hong Teng Precision (06088) has seen a decline of 2.87%, trading at 4.74 HKD [1] Group 2: Industry Outlook - According to Guotai Junan Securities, the performance forecast for 2025 has concluded, and the appreciation of the RMB is impacting the optical interconnection sector, particularly for companies focused on overseas exports [1] - The average potential impact on profits due to provisions and exchange rate fluctuations is estimated to be within 5%, although some companies may face impacts close to 50% of their profits [1] - Looking ahead to 2026, while individual company performance may vary, the overall outlook for the industry remains manageable [1] - The market for pluggable solutions is expected to continue improving, with new packaging and material technologies beginning to materialize, presenting opportunities for marginal changes [1]

Market Overview - AMD's overnight drop of 17% triggered a significant decline in chip stocks, leading to a 1.95% drop in the Chinese concept index, which negatively impacted the Hong Kong stock market [1] - The Hang Seng Index fell by 340.88 points, or 1.27%, to 26,506.44 points, while the Hang Seng Tech Index decreased by 62.30 points, or 1.16%, to 5,304.14 points [1] - Major tech stocks like Tencent and Alibaba saw declines of nearly 3% and 2.5%, respectively, with Tencent's market value dropping below 500 billion [1] Company Performance - Xinda Biopharmaceuticals (01801.HK) projected total product revenue of approximately RMB 11.9 billion for 2025, reflecting a year-on-year growth of about 45% [2] - Lee & Man Paper Manufacturing (02314.HK) expects profits for 2025 to be between HKD 1.88 billion and HKD 2.00 billion, indicating a year-on-year increase of 38% to 47% [2] - ZTO Express (02057.HK) anticipates total revenue of RMB 48.5 billion to RMB 50 billion for 2025, representing a year-on-year growth of approximately 9.5% to 12.9% [2] - China Resources Cement (01313.HK) forecasts a year-on-year profit increase of about 115% to 135% for 2025, driven by reduced costs and impairment losses [2] Corporate Actions - Goldin Properties (00535.HK) reported a January contract sales total of approximately RMB 239 million, a year-on-year decrease of 61.82% [3] - Fosun International (00656.HK) plans to subscribe for additional registered capital of RMB 105 million in Shangmeng Technology, acquiring a 51.0879% stake post-increase [3] - Shanghai Pharmaceuticals (02607.HK) intends to publicly transfer its 30% stake in Bristol-Myers Squibb, with a minimum listing price of approximately RMB 1.023 billion [3] - China Coalbed Methane (08270.HK) completed the sale of 100% equity in Shanxi Qingshui Shuntai Energy Development [4] Investment Trends - The active repurchase of shares continues, with Kingsoft (03888.HK) repurchasing 1.0886 million shares for approximately HKD 29.99 million [9] - Xiaomi Group (01810.HK) repurchased 4.3 million shares for a total of HKD 146 million [10] - Kingdee International (00268.HK) repurchased 1 million shares for approximately HKD 11.1 million [11] Market Outlook - Guoyuan International's report suggests that the Hong Kong stock market may experience short-term volatility due to external factors, but maintains a positive long-term outlook [12] - CITIC Securities highlights the potential for new investment opportunities in emerging markets, despite risks from rising oil prices and long-term bond yields [12] - Galaxy Securities recommends focusing on technology, energy, precious metals, and consumer sectors for potential rebounds [13]

Group 1: Insurance Sector - Insurance stocks are experiencing significant declines, with China Life (02628) down 3.75%, New China Life (01336) down 3.28%, and China Pacific Insurance (02601) down 2.74%. The government plans to issue approximately 200 billion yuan in special bonds to inject capital into major insurance companies, marking the first time this method will be used for insurance firms in China [1] Group 2: Logistics and Delivery - ZTO Express (02057) has seen an increase of over 2.3%. The company estimates that its total revenue for 2025 will be between 48.5 billion yuan and 50 billion yuan, representing a growth of approximately 9.5% to 12.9% compared to 44.2807 billion yuan in 2024 [1] Group 3: Biotechnology - Innovent Biologics (09969) has risen over 4%, with a current increase of 3.25%. The company anticipates achieving revenue of 2.37 billion yuan in 2025, a year-on-year growth of approximately 134%, and expects to turn a profit with a net profit of around 630 million yuan [1] Group 4: Coal Sector - Coal stocks are generally declining, with Yancoal Australia (03668) down 6.63%, Shougang Resources (00639) down 7.83%, and China Shenhua (01088) down 2.47%. This decline follows reports that the Indonesian government has proposed a production cut plan, leading to a 40% to 70% reduction in production quotas for major miners [2] Group 5: Medical Devices - GigaGen (02367) has increased over 8%, currently up 4.11%. The company recently announced that its "recombinant type I α1 collagen and sodium hyaluronate composite solution" has been approved as a medical device, marking a significant milestone as the first product of its kind for improving facial smoothness [2] Group 6: Semiconductor Sector - Semiconductor stocks are all declining, with Hua Hong Semiconductor (01347) down 5.91% and SMIC (00981) down 3.49%. This follows a significant drop in AMD's stock price by 17.31% after its fourth-quarter report indicated that while revenue exceeded expectations, the guidance for the first quarter was below market expectations [3] Group 7: Restaurant Sector - Restaurant stocks are performing well, with Yum China (09987) up 8.41% and Haidilao (06862) up 2.69%. The restaurant industry has shown signs of recovery, with retail sales in the sector growing by 3.8%, 3.2%, and 2.2% year-on-year in the last quarter of 2025, significantly outpacing overall retail growth [3] Group 8: Consumer Goods - Miniso (09896) has risen over 5.1% after announcing its partnership with the Central Radio and Television Station for the 2026 Spring Festival Gala. This collaboration is seen as a significant marketing move to elevate the brand's visibility in the mainstream market [4] Group 9: Gold Sector - Gold stocks are declining, with China Gold International (02099) down 6.8% and Zijin Mining (02899) down 6.29%. Recent volatility in the international gold market has been noted, with expectations that geopolitical tensions and liquidity easing by the Federal Reserve may drive gold prices higher [4] Group 10: Cryptocurrency - Cryptocurrency ETFs and related stocks are continuing to decline, with significant drops in prices, including Bitcoin falling below $72,000 for the first time in 15 months. The price has decreased by over 42% from its peak last October [5] Group 11: US Market Highlights - Boston Scientific (BSX.US) fell 17.59% after providing lower-than-expected guidance for fiscal year 2026. The company expects adjusted earnings per share to be between $3.43 and $3.49, slightly below analyst expectations [6] - Solar stocks surged, with Enphase Energy (ENPH.US) rising 38.6% following reports of interest from Elon Musk's teams in the Chinese solar supply chain [6]

Core Viewpoint - The semiconductor sector experienced a decline following a significant drop in AMD's stock price, which fell over 16%, marking its largest decline since 2018 due to disappointing earnings and concerns about AI's impact on software and data companies [1] Group 1: Market Reaction - Hong Kong stocks in the semiconductor sector fell, with notable declines including Hua Hong Semiconductor down over 6%, Shanghai Fudan down 4%, and Zhaoyi Innovation down 3.88% [1] - Other companies such as SMIC and Jingmen Semiconductor also saw declines exceeding 3%, indicating a broader market reaction to AMD's performance [1] Group 2: Investor Concerns - Investors are increasingly worried that advancements in artificial intelligence may undermine the profitability of companies focused on coding, databases, and IT services [1] - Recent developments, such as the launch of new tools by Anthropic, have intensified these concerns among investors [1]

Core Viewpoint - Semiconductor stocks experienced a significant decline, influenced by AMD's sharp drop in share price following its earnings report, which, despite showing record revenue, provided disappointing guidance for the upcoming quarter [1] Group 1: Stock Performance - Huahong Semiconductor (01347) fell by 5.37%, closing at HKD 96.9 [1] - Zhaoyi Innovation (603986) (03986) decreased by 4.34%, closing at HKD 291.2 [1] - SMIC (00981) dropped by 3.85%, closing at HKD 66.1 [1] - Shanghai Fudan (01385) declined by 3.76%, closing at HKD 46.08 [1] Group 2: AMD's Earnings Report - AMD's stock plummeted by 17.31%, marking its largest single-day drop since May 2017 [1] - The company reported over USD 10 billion in revenue for Q4 of the previous year, maintaining a year-on-year growth rate of over 30% [1] - EPS growth slowed but exceeded analyst expectations by nearly 16% [1] Group 3: Market Reaction - Following AMD's decline, major memory chip manufacturers also saw significant drops, with SanDisk falling by 15.95% and Micron Technology decreasing by 9.55% [1] - On February 5, Japanese and Korean stock markets opened lower, with major chip stocks like Samsung Electronics and SK Hynix each dropping over 4% [1] - SoftBank Group's stock also fell by more than 6% [1]

Core Viewpoint - The semiconductor sector is experiencing a significant downturn, with major companies' stocks declining sharply following AMD's disappointing guidance for the first quarter of 2025 despite strong fourth-quarter revenue performance [1] Group 1: Stock Performance - Semiconductor stocks are all down, with Huahong Semiconductor falling by 5.37% to HKD 96.9, GigaDevice down 4.34% to HKD 291.2, SMIC down 3.85% to HKD 66.1, and Shanghai Fudan down 3.76% to HKD 46.08 [1] - AMD's stock plummeted by 17.31%, marking its largest single-day drop since May 2017 [1] Group 2: AMD's Financial Results - AMD reported over USD 10 billion in revenue for the fourth quarter of the previous year, achieving a year-on-year growth rate exceeding 30% [1] - Earnings per share (EPS) growth has slowed but exceeded analyst expectations by nearly 16% [1] Group 3: Market Reaction - Following AMD's decline, major memory chip manufacturers also saw significant drops, with SanDisk down 15.95% and Micron Technology down 9.55% [1] - On February 5, the Japanese and Korean stock markets opened lower, with Samsung Electronics and SK Hynix both dropping over 4%, and SoftBank Group's stock falling more than 6% [1]

港股芯片股持续走低，华虹半导体跌超5%，中芯国际跌近4%，上海复旦跌逾2%。 ...

中芯国际 中国移动 中国海油 钧达股份 华虹公司 长飞光纤 分时图 日K线 周K线 月K线 114.84 -1.19 -1.03% 2.47% 1.65% 0.83% 0.00% 0.83% 1.65% 2.47% 113.16 114.12 115.07 116.03 116.99 117.94 118.90 09:30 10:30 11:30/13:00 14:00 15:00 15:30 0 34万 68万 101万 2月4日港股市场，北水成交净买入133.73亿港元，其中港股通(沪)成交净买入73.93亿港元，港股通(深)成交净买入59.8亿 港元。 北水净买入最多的个股是腾讯(00700)、阿里巴巴-W(09988)、南方恒生科技(03033)。北水净卖出最多的个股是中芯国际 (00981)、华虹半导体(01347)。 | 股票名称 | 买入额 | 卖出额 | 头实思额 | | --- | --- | --- | --- | | | | | 净流入 | | 腾讯控股 | 52.05亿 | 31.40 乙 | 83.45亿 | | HK 00700 | | | +20.66亿 | | 阿里巴巴-W | ...

沪港通（南向）十大活跃成交公司 | 公司名称 | 成交金额 | 净买入额 | | --- | --- | --- | | 腾讯控股(00700) | 72.56 亿元 | +1.66 亿元 | | 阿里巴巴-W(09988) | 29.45 亿元 | +9.55 亿元 | | 中芯国际(00981) | 16.87 亿元 | -4.31 亿元 | | 小米集团-W(01810) | 13.46 亿元 | +4.31 亿元 | | 南方恒生科技(03033) | 12.11 亿元 | +11.23 亿元 | | 美团-W(03690) | 10.53 亿元 | +4.04 亿元 | | 长飞光纤光缆(06869) | 10.05 亿元 | -476.84 万元 | | 快手-W(01024) | 7.68 亿元 | +2.21 亿元 | | 钧达股份(02865) | 6.75 亿元 | +7011.29 万元 | | 华虹半导体(01347) | 6.15 亿元 | -2.36 亿元 | 智通财经APP获悉，2026年2月4日当天，腾讯控股(00700)、阿里巴巴-W(09988)、中芯国际(00981)位居 ...