Core Viewpoint - The Hong Kong stock market started 2026 with a strong performance, indicating a continuation of the structural bull market from 2025, with a clear investment focus on hard technology sectors like semiconductors, AI, and smart hardware, as well as policy-driven consumption sectors like home appliances and automobiles [1][5]. Market Performance - The Hang Seng Index rose by 2.76% to close at 26,338.47 points, while the Hang Seng Technology Index surged by over 4% to 5,736.44 points, and the Hang Seng China Enterprises Index increased by 2.86% to 9,168.99 points [1]. Semiconductor Sector - The semiconductor sector saw significant gains, driven by mergers and acquisitions as well as domestic production initiatives. Notable stock performances included Huahong Semiconductor (up 9.42%), SMIC (up 5.11%), and Jingmen Semiconductor (up 3.53%) [5][6]. - Huahong Semiconductor announced a major asset restructuring plan to acquire a 97.5% stake in Huali Micro for a transaction price of 8.268 billion yuan, alongside plans to raise up to 7.556 billion yuan for technology upgrades [6][7]. Internet Technology Sector - Internet technology stocks rebounded strongly, with Baidu Group rising by 9.53%, NetEase by 6.62%, and Alibaba by 4.34%. A key catalyst was Baidu's announcement of its AI chip subsidiary Kunlun's application for a mainboard listing [9][10]. - Kunlun's expected revenue for 2025 is around 5 billion yuan, with a potential valuation of 3 to 11 billion USD for Baidu's stake in the company [11]. Home Appliances Sector - Home appliance stocks benefited from favorable policies, with Skyworth Group rising by 10.45%, Midea Group by 5.12%, and Haier Smart Home by 4.20%. The National Development and Reform Commission and the Ministry of Finance announced a new policy to support large-scale equipment updates and trade-in programs [11][12]. - The new policy is expected to alleviate sales pressure in the short term and benefit leading companies with R&D and brand advantages in the long term [13]. Automotive Sector - Several automotive stocks gained, including Li Auto (up 4.93%) and BYD (up 3.57%), supported by the implementation of the "old-for-new" vehicle trade-in policy [14][16]. - The policy allows consumers to receive subsidies for trading in eligible old vehicles for new ones, which is expected to stimulate market confidence [16]. Solar Energy Sector - Solar energy stocks saw gains, with GCL-Poly Energy rising by 20.99% and GCL-Technology by 4.72%. The market regulator is enhancing compliance guidance for price competition in the solar industry [17]. Commercial Aerospace Sector - Commercial aerospace stocks performed well, with Asia Pacific Satellite rising by 34.53% and Aerospace Holdings by 18.33%. Blue Arrow Aerospace's IPO application was accepted, marking a significant milestone in the sector [18][19]. Individual Stock Movements - Delin Holdings rose by 11.76% following the conditional approval of its subsidiary to provide virtual asset trading services [21]. - Meitu Inc. increased by 6.14% after issuing $250 million in convertible bonds to Alibaba, which could make Alibaba the third-largest shareholder in Meitu [22].

Market Performance - The Hang Seng Index increased by 2.18%, reaching 26,189.79 points [1] - The Hang Seng Tech Index surged by 3.38%, closing at 5,702.56 points [1] - The Hang Seng China Enterprises Index rose by 2.26%, ending at 9,115.17 points [1] - The market recorded a half-day trading volume of 76.869 billion HKD [1] Notable Stock Movements - Wallen Technology experienced a significant increase of over 72% [1] - Hua Hong Semiconductor rose by 9.89% [1] - Baidu Group-SW saw a gain of 7.45% [1] - Sanhua Intelligent Control increased by 6.37% [1] - NetEase-S rose by 5.87% [1] - Li Auto-W gained 4.93% [1] - SMIC increased by 4.9% [1] - Trip.com Group-S rose by 4.33% [1] - Huatai Securities increased by 4.04% [1] Declining Stocks - Global New Material International fell by 8.99% [1] - 361 Degrees dropped by 10.89% [1] - Goldwind Technology increased by 17.15% [1] - Derin Holdings rose by 14.22% [1]

Core Viewpoint - Delin Holdings (01709) has seen a significant increase of over 10% in its stock price, attributed to the conditional approval of its subsidiary, Delin Securities, to provide virtual asset trading services under a comprehensive account arrangement [1] Group 1: Stock Performance - Delin Holdings' stock price rose by 10.78%, reaching HKD 2.26, with a trading volume of HKD 15.5059 million [1] Group 2: Regulatory Approval - Delin Securities, in which Delin Holdings holds a 70% stake, has received conditional approval from the Hong Kong Securities and Futures Commission to offer virtual asset trading services [1] - The approval is contingent upon Delin Securities meeting certain conditions related to its existing Type 1 (Securities Trading) regulated activity license [1] Group 3: Bitcoin Production and Mining Equipment - The company announced that the total Bitcoin production from December 1 to December 30, 2025, is projected to be 25.2107 Bitcoins, averaging approximately 0.8404 Bitcoins per day [1] - Delin Holdings has completed the acquisition of 9,148 Bitcoin mining machines [1]

每经AI快讯，德林控股(01709.HK)涨超10%，截至发稿，涨10.78%，报2.26港元，成交额1550.59万港 元。 ...

Core Viewpoint - Delin Holdings (01709) has seen a significant increase of over 10% in its stock price, currently trading at HKD 2.26 with a transaction volume of HKD 15.5059 million [1] Group 1: Company Developments - Delin Holdings announced that its subsidiary, Delin Securities, has received conditional approval from the Hong Kong Securities and Futures Commission to provide virtual asset trading services under a comprehensive account arrangement, pending acceptance of certain conditions related to its existing Type 1 (Securities Trading) regulated activity license [1] - The company reported that the total Bitcoin production from December 1 to December 30, 2025, is projected to be 25.2107 Bitcoins, averaging approximately 0.8404 Bitcoins per day [1] - Delin Holdings has completed the acquisition of 9,148 Bitcoin mining machines [1]

Core Viewpoint - Derlin Holdings (01709) reported a total Bitcoin production of 25.2107 BTC from December 1 to December 30, 2025, with an average daily production of approximately 0.8404 BTC [2][5]. Group 1: Bitcoin Production and Hash Rate - The actual hash rate increased from approximately 0.84 EH/s on December 1, 2025, to about 2.83 EH/s by December 30, 2025, with a peak daily hash rate of 2.83 EH/s during this period [2][5]. - The Bitcoin held during this period was entirely from mining output, with no other sources or disposals of Bitcoin [2][5]. - The initial Bitcoin balance on December 1, 2025, was 5.9807 BTC, leading to a final balance of 31.1914 BTC by December 30, 2025, after accounting for the mined Bitcoin [2][5]. Group 2: Future Projections - The company currently operates 9,148 Bitcoin mining machines, with a total hash rate of approximately 3.993 EH/s, which is expected to yield an indicative daily output of about 1.72 BTC [3][6]. - The forecast for total Bitcoin production in 2026 is estimated to be between 600 and 700 BTC, subject to network difficulty, Bitcoin prices, operational time, and other operational conditions [3][6].

Group 1 - The top three companies with the highest short-selling ratios are Cheung Kong (00001), CLP Holdings (00002), and Hong Kong and China Gas (00003), all reporting a short-selling ratio of 0.00% [1][2] - The top three companies by short-selling amount are also Cheung Kong (00001), CLP Holdings (00002), and Hong Kong and China Gas (00003), with amounts not specified [1][2] - The companies with the highest deviation values are Energy and Energy Global (01142), Hu Shang Ayi (02589), and China Shipbuilding Defense (00317), with deviation values of -0.41%, -0.41%, and -0.66% respectively [1][2] Group 2 - The top ten short-selling ratios include Cheung Kong (00001), CLP Holdings (00002), and Hong Kong and China Gas (00003), all at 0.00%, with significant negative deviation values [2] - The top ten short-selling amounts also feature Cheung Kong (00001), CLP Holdings (00002), and Hong Kong and China Gas (00003), all at 0.00% short-selling ratio and notable negative deviation values [2] - The top ten companies with the highest deviation values include Energy and Energy Global (01142), Hu Shang Ayi (02589), and China Shipbuilding Defense (00317), with deviation values indicating a decline compared to their average short-selling ratios over the past 30 days [2][3]

Core Viewpoint - Derin Holdings (01709.HK) reported a total Bitcoin production of 25.2107 BTC from December 1 to December 30, 2025, with an average daily production of approximately 0.8404 BTC [1] Group 1: Bitcoin Production and Hash Rate - The actual hash rate increased from approximately 0.84 EH/s on December 1, 2025, to about 2.83 EH/s by December 30, 2025, with a peak daily hash rate of around 2.83 EH/s during this period [1] - The Bitcoin held during this period was entirely from mining output, with no other sources or disposals of Bitcoin [1] - The initial Bitcoin balance on December 1, 2025, was 5.9807 BTC, and after adding the mined 25.2107 BTC, the ending balance on December 30, 2025, was 31.1914 BTC [1] Group 2: Future Projections and Mining Operations - The company currently operates 9,148 Bitcoin mining machines, with a total hash rate of approximately 3.993 EH/s, expecting a daily output of about 1.72 BTC [1] - The company forecasts a total Bitcoin production of approximately 600 to 700 BTC for the year 2026, subject to network difficulty, Bitcoin prices, operational time, and other conditions [1] Group 3: Transparency and Governance - The company will publish monthly updates on its Bitcoin mining operations to inform shareholders about the latest status and performance [2] - This initiative reflects the company's commitment to developing a sustainable, transparent Bitcoin mining business as part of its broader digital finance strategy while maintaining prudent risk management and high standards of corporate governance [2]

Core Viewpoint - Derin Holdings (01709) reported a total Bitcoin production of 25.2107 BTC from December 1 to December 30, 2025, with an average daily production of approximately 0.8404 BTC [1] Group 1: Bitcoin Production and Hash Rate - The actual hash rate increased from approximately 0.84 EH/s on December 1, 2025, to about 2.83 EH/s by December 30, 2025, with a peak daily hash rate of around 2.83 EH/s during this period [1] - The Bitcoin held during this period was entirely from mining output, with no other sources or disposals of Bitcoin [1] - The initial Bitcoin balance on December 1, 2025, was 5.9807 BTC, leading to a final balance of 31.1914 BTC by December 30, 2025, after accounting for the mined Bitcoin [1] Group 2: Future Projections - The company currently operates 9,148 Bitcoin mining machines, with a total hash rate of approximately 3.993 EH/s, which is expected to yield an indicative daily output of about 1.72 BTC [1] - The forecast for total Bitcoin production in 2026 is estimated to be between 600 to 700 BTC, subject to network difficulty, Bitcoin prices, operational time, and other operational conditions [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 DL HOLDINGS GROUP LIMITED 德林控股集團有限公司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：1709） 自願公告 有關比特幣挖礦業務的 最新發展 本公告由德林控股集團有限公司（「本公司」，連同其附屬公司統稱為「本集 團」）自願刊發，旨在向本公司股東及潛在投資者通報本集團的最新業務發展 情況。 茲提述本公司日期為2025年12月14日及2025年12月30日之公告（「月度更新公 告」），內容有關（其中包括）本集團比特幣挖礦業務的最新進展。除另有界定者 外，本公告所用詞彙與月度更新公告所界定者具有相同涵義。 本公司董事會（「董事會」）欣然向其股東及市場更新有關其比特幣挖礦業務的 最新進展。 1 根據本集團現時內部預估及現行比特幣網絡狀況，現有9,148台比特幣礦機， 總哈希率約為3.993 EH/s，預期相應的指示性合計日產出約為1.72枚比特幣。 ...