Core Viewpoint - The recent security issues surrounding Nvidia's H20 computing chip highlight the ongoing tech rivalry between China and the U.S., which may impact domestic capital expenditures in the short term but could ultimately drive the development of a self-sufficient AI ecosystem in China [1]. Group 1: Stock Performance - Chip stocks have shown significant gains, with Huahong Semiconductor rising by 5.2% to HKD 41.5, Shanghai Fudan increasing by 3.94% to HKD 32.48, SMIC up by 3.1% to HKD 51.6, and China Electric Power Technology gaining 2.11% to HKD 1.45 [1]. Group 2: Regulatory Developments - The National Internet Information Office of China has summoned Nvidia to explain the security risks associated with the H20 chip sold to China, in accordance with the Cybersecurity Law, Data Security Law, and Personal Information Protection Law, with a deadline for submission of relevant materials set for July 31, 2025 [1]. Group 3: Industry Implications - Open Source Securities suggests that the incident reflects the broader U.S.-China tech competition, which may suppress short-term capital investments by domestic internet firms but could lead to a more stable and healthy development of China's AI industry in the long run [1]. - Huaxi Securities believes that the combination of the U.S. chip security legislation and the H20 incident may accelerate the domestic production of AI computing chips, such as Huawei's Ascend and Cambricon, clarifying the long-term growth trajectory for the industry [1].

Core Viewpoint - InnoCare (02577.HK) has seen a significant increase in stock price due to its collaboration with NVIDIA to promote the large-scale implementation of 800 VDC (800-volt direct current) power architecture in AI data centers [1] Company Performance - InnoCare's stock rose by 7.47% [1] - Huahong Semiconductor (01347.HK) experienced a 7.22% increase in stock price [1] - Shanghai Fudan (01385.HK) saw a 5.41% rise in its stock price [1]

Core Viewpoint - The recent security issues surrounding Nvidia's H20 computing chip highlight the ongoing technological competition between China and the United States, which may impact domestic capital expenditure in the short term but could ultimately drive the development of a self-sufficient AI industry in China [1] Group 1: Stock Performance - Semiconductor stocks have shown significant gains, with Huahong Semiconductor rising by 5.2% to HKD 41.5, Shanghai Fudan increasing by 3.94% to HKD 32.48, SMIC up by 3.1% to HKD 51.6, and China Electric Power Technology rising by 2.11% to HKD 1.45 [1] Group 2: Regulatory Actions - The National Internet Information Office of China has summoned Nvidia to explain the security risks associated with the H20 chip sold to China, in accordance with the Cybersecurity Law, Data Security Law, and Personal Information Protection Law, with a deadline for submission of relevant materials set for July 31, 2025 [1] Group 3: Industry Implications - Open Source Securities suggests that the incident reflects the broader context of Sino-U.S. technological competition, which may suppress domestic internet companies' capital expenditures in the short term but will push for a more stable and healthy development of China's AI industry in the long term [1] - Huaxi Securities believes that the combination of the U.S. chip security legislation and the H20 incident will accelerate the domestic production of AI computing chips, such as Huawei's Ascend and Cambricon, making the long-term growth trajectory more certain [1]

Core Viewpoint - The recent security issues surrounding Nvidia's H20 computing chip highlight the ongoing tech rivalry between China and the U.S., which may impact domestic capital expenditure in the short term but could lead to a more stable and self-sufficient AI industry in China in the long run [1]. Group 1: Stock Performance - Semiconductor stocks are experiencing significant gains, with Huahong Semiconductor up 5.2% to HKD 41.5, Shanghai Fudan up 3.94% to HKD 32.48, SMIC up 3.1% to HKD 51.6, and China Electric Power Technology up 2.11% to HKD 1.45 [1]. Group 2: Regulatory Actions - The National Internet Information Office of China has summoned Nvidia to explain the security risks associated with the H20 chip sold to China, in accordance with the Cybersecurity Law, Data Security Law, and Personal Information Protection Law, with a deadline for submission of relevant materials set for July 31, 2025 [1]. Group 3: Industry Implications - According to Open Source Securities, the incident reflects the broader context of U.S.-China tech competition, which may suppress domestic internet companies' capital expenditures in the short term but will ultimately drive the development of a self-controlled "technology-security-ecosystem" in China's AI industry [1]. - Huaxi Securities suggests that the U.S. chip security legislation and the H20 incident may accelerate the domestic production of AI computing chips, such as Huawei's Ascend and Cambricon, indicating a clearer long-term growth trajectory for these companies [1].

Group 1 - The core business of Fudan Microelectronics includes the design, development, and testing of ultra-large-scale integrated circuits, providing system solutions to clients [2] - The main product revenue structure shows that the design and sales of integrated circuits account for the highest proportion at 96.17%, followed by integrated circuit testing services at 3.68% [2] - In 2021, Fudan Microelectronics achieved a net profit attributable to shareholders of 514 million yuan, which increased to 573 million yuan by 2024, reflecting a cumulative growth of 11.30% over four years [2] - The company's revenue grew from 2.577 billion yuan in 2021 to 3.590 billion yuan in 2024, marking a cumulative increase of 39.31% [2] - Although the overall profit trend is upward, the growth rate slowed down in 2023 and 2024 [2] Group 2 - On October 25, 2022, Fudan Microelectronics reached a peak market value of 81.45 billion yuan, with the stock price rising to 100.0 yuan [4] - As of August 1, the stock price was 49.61 yuan, and the market value was 40.75 billion yuan, indicating a decrease of 40.699 billion yuan from its peak, representing a 49.97% market value evaporation [4]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 II. 已發行股份及/或庫存股份變動 公司名稱: 上海復旦微電子集團股份有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01385 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 284,330,000 | RMB | | 0.1 RMB | | | 28,433,000 | | 增加 / 減少 (-) | | | | | | RMB | | | | | 本月底結存 | | | 284,330,000 | RMB | | 0.1 RMB | | | 28,433, ...

智通财经APP获悉，根据2025年7月31日披露数据，锦欣生殖（01951）、长飞光纤光缆（06869）、美 中嘉和（02453）港股通持股占比增加值最大，分别增加2.58%、2.38%、2.29%；上海復旦（01385）、 山东新华製药股份（00719）、钧达股份（02865）港股通持股占比减少值最大，分别减 少-1.70%、-1.37%、-1.25%。 在最近有统计数据的5个交易日内，宜搜科技（02550）、长飞光纤光缆（06869）、恆生中国企业 （02828）港股通持股占比增加值最大，分别增加14.75%、11.72%、7.36%；山东新华製药股份 （00719）、亚盛医药-B（06855）、重庆钢铁股份（01053）港股通持股占比减少值最大，分别减 少-3.89%、-2.94%、-2.70%。 具体数据如下（交易所数据根据T+2日结算）： 1、港股通最新日占比增持榜（前20名） | 公司名称 | 占比值变动 | 最新持股比例 | | --- | --- | --- | | 锦欣生殖(01951) | +2.58% | 51.76% | | 长飞光纤光缆(06869) | +2.38% | 44.07 ...

Key Points - The top three companies with net inflows from southbound funds are Xiaomi Group-W (01810) with 1.665 billion, Tencent Holdings (00700) with 830 million, and Alibaba-W (09988) with 747 million [1] - The companies with the highest net outflows are Pop Mart (09992) with -354 million, China Life (02628) with -351 million, and Kingsoft Cloud (03896) with -300 million [1] - In terms of net inflow ratio, Qin Port Co. (03369) leads with 78.68%, followed by Reshaping Energy (02570) with 76.94%, and Cang Port Railway (02169) with 65.01% [1] - The companies with the highest net outflow ratios include Chongqing Rural Commercial Bank (03618) at -61.37%, Bank of China Aviation Leasing (02588) at -53.31%, and Swire Properties (01972) at -45.99% [1] Net Inflow Rankings - Xiaomi Group-W (01810) had a net inflow of 1.665 billion, representing a 12.37% increase [2] - Tencent Holdings (00700) saw a net inflow of 830 million, with an 8.94% increase [2] - Alibaba-W (09988) recorded a net inflow of 747 million, reflecting a 10.60% increase [2] - The highest net inflow was observed in CSPC Pharmaceutical Group (01093) with 654 million and a 21.81% increase [2] Net Outflow Rankings - Pop Mart (09992) experienced a net outflow of -354 million, with a -10.47% decrease [2] - China Life (02628) had a net outflow of -351 million, reflecting a -11.90% decrease [2] - Kingsoft Cloud (03896) recorded a net outflow of -300 million, with a -24.18% decrease [2] - Meituan-W (03690) also saw a significant outflow of -291 million, representing a -5.32% decrease [2] Net Inflow Ratio Rankings - Qin Port Co. (03369) leads with a net inflow ratio of 78.68% and a net inflow of 340,000 [3] - Reshaping Energy (02570) follows with a net inflow ratio of 76.94% and a net inflow of 10.53 million [3] - Cang Port Railway (02169) has a net inflow ratio of 65.01% with a net inflow of 4.3967 million [3] - Other notable companies include Meizhong Jiahe (02453) with a 61.71% net inflow ratio [3] Net Outflow Ratio Rankings - Chongqing Rural Commercial Bank (03618) has the highest net outflow ratio at -61.37% with a net outflow of -1.04 billion [3] - Bank of China Aviation Leasing (02588) follows with a net outflow ratio of -53.31% and a net outflow of -15.3728 million [3] - Swire Properties (01972) has a net outflow ratio of -45.99% with a net outflow of -29.4662 million [3]

港股半导体板块持续走低，华虹半导体(01347.HK)跌超6%，中芯国际(00981.HK)跌超5%，上海复旦 (01385.HK)、晶门半导体(02878.HK)、宏光半导体(06908.HK)等跟跌。 ...

Group 1 - The semiconductor sector in Hong Kong is experiencing a continuous decline [1] - Hua Hong Semiconductor has dropped over 5% [1] - SMIC (Semiconductor Manufacturing International Corporation) has decreased nearly 4% [1] - Other companies such as Jingmen Semiconductor and Shanghai Fudan are also following the downward trend [1]