Market Overview - The S&P 500 index closed down 37 points or 0.6%, reflecting market concerns over profit-taking in tech giants and expectations of potential signals for delaying interest rate cuts from the Jackson Hole meeting [1] - Palantir experienced a significant drop due to short-selling by Citron Research, highlighting market skepticism regarding the high valuations of AI-related stocks [1] - Intel received backing from SoftBank, indicating that capital is still flowing into sub-sectors of technology [1] - The recent correction in tech stocks not only affected index movements but also suggests that market caution regarding high-valuation growth stocks is increasing, leading investors to potentially adjust their asset allocation towards more conservative defensive strategies [1] Hong Kong Stock Connect - The Hong Kong Stock Connect recorded a net inflow of HKD 18.57 billion on Monday, with the largest inflow into the Tracker Fund of Hong Kong (02800.HK) at HKD 7.07 billion, followed by the Hang Seng China Enterprises Index (02828.HK) [1] - Conversely, Dongfang Zhenxuan (01797.HK) saw the largest net outflow of HKD 510 million, followed by Semiconductor Manufacturing International Corporation (00981.HK) [1]

昨日高台跳水的东方甄选(1797.HK)今日盘中一度涨近15%，报39.46港元，但仍较昨日盘中最高位(53.7港元)跌超26%。 有消息称新东方CEO周成刚或涉关联交易被监管部门立案调查。昨晚东方甄选发布辟谣声明表示，关于周成刚老师的传闻纯属谣言，关于"东方甄选佣金 率长期超30%"的说法严重失实，东方甄选售卖产品确保高品质和高性价比，实际平均佣金率不到20%。针对上述谣言，公司已启动报警和司法流程。 ...

消息面上，针对市场传闻称新东方CEO周成刚或涉关联交易被监管部门立案调查一事，东方甄选微信公 众号发布辟谣声明表示，关于周成刚老师的传闻纯属谣言，关于"东方甄选佣金率长期超30%"的说法严 重失实，东方甄选售卖产品确保高品质和高性价比，实际平均佣金率不到20%。针对上述谣言，我司已 启动报警和司法流程，对于这样的不法行为，我们将一追到底。另外，19日晚，新东方CEO周成刚也在 个人社交账号发布视频现身辟谣。 另据上海证券报，对于8月19日午后突发跳水，中泰国际策略分析师颜招骏表示："今日盘后竞价环节卖 一档位一度有大单压盘，不过尾盘量价配合显示有资金逢低吸纳迹象。近日东方甄选的股价异动更多是 受短线资金驱动。当短线资金完成获利目标后集体撤离，就容易引发股价的剧烈波动。尽管个股可能有 反弹，但这种由游资主导的行情往往难以持续。" 东方甄选(01797)高开近5%，值得注意的是，该股昨日尾盘上演"过山车"行情，14时50分，东方甄选涨 超23%，随后股价跳水，截至收盘跌幅扩大至20.89%，报34.32港元。截至发稿，涨4.72%，报35.94港 元，成交额1.02亿港元。 ...

8月20日，港股东方甄选一度涨超14%，截至发稿，该股张超8%，报37.2港元。 昨日，东方甄选股价上演"天地板"，早盘一度暴涨逾23%，午后高台跳水，盘后跌20.89%。有消息称新 东方CEO周成刚或涉关联交易被监管部门立案调查。 盘后，东方甄选发布声明称，关于周成刚老师的传闻纯属谣言，关于"东方甄选佣金率长期超30%"的说 法严重失实，东方甄选售卖产品确保高品质和高性价比，实际平均佣金率不到20%。针对谣言，已启动 报警和司法流程，对于这样的不法行为将一追到底。 新东方教育科技集团表示，网传消息纯属造谣，该假消息已严重侵犯周成刚先生本人和公司合法权益， 对于恶意造谣、传播不实信息者，公司保留依法追究其法律责任的权利。 ...

Group 1: Company Developments - ByteDance denies plans to launch its own smartphone, stating it is exploring AI capabilities for various hardware manufacturers without developing a proprietary phone [2] - New Oriental's stock plummeted by 20.89% following rumors about its CEO, which the company refuted, stating the average commission rate is below 20% [3] - Alibaba is launching a new service called "Bao Bei Yun Li," aimed at providing instant delivery services for college students, competing with Meituan [4] - Baidu warns users about fake websites related to its video generation model, MuseSteamer, and announces the upcoming release of MuseSteamer 2.0 [5] - Apple has entered large-scale production of the iPhone 17, with Foxconn ramping up hiring in its Zhengzhou factory [6] - Xiaopeng Motors plans to mass-produce humanoid robots and L4-supporting vehicles by 2026, with new AI chips integrated into upcoming models [8] Group 2: Industry Insights - NVIDIA is developing a new AI chip, B30A, specifically for the Chinese market, expected to perform at about 50% of the flagship B300 chip [9] - TSMC announces its 2nm process wafers will be priced at $30,000 each, targeting high-end clients, with an initial yield of approximately 60% [10] - Qualcomm launches the fourth-generation Snapdragon 7s mobile platform, featuring a 7% performance increase and supporting low-power AI systems [11] Group 3: Financial Performance - Xiaomi reports a 30.5% year-on-year revenue growth in Q2 2025, with smart electric vehicle revenue reaching 206 billion yuan [12] - Pop Mart's revenue for the first half of 2025 is 13.88 billion yuan, marking a 204.4% increase, with significant growth across various regions [13] Group 4: Market Movements - iQIYI is reportedly preparing for a secondary listing in Hong Kong, aiming to raise between $200 million and $300 million [14][15]

Group 1: Company Developments - ByteDance denies plans to launch its own smartphone, stating it is exploring AI capabilities for various hardware manufacturers without developing a proprietary phone [2] - New Oriental's stock plummeted by 20.89% following rumors about its CEO, which the company has labeled as false and has initiated legal action against [3] - Alibaba is launching a new service called "Bao Bei Yun Li," aimed at providing instant delivery services for college students, competing with Meituan [4] - Baidu warns users about fake websites related to its video generation model, MuseSteamer, and announces an upcoming 2.0 version of the model [5] - Apple has entered large-scale production of the iPhone 17, with Foxconn ramping up hiring in its Zhengzhou factory [6] - Xiaopeng Motors plans to mass-produce humanoid robots and L4-supporting vehicles by 2026, with new AI chips integrated into upcoming models [8] Group 2: Industry Trends - Nvidia is developing a new AI chip, B30A, specifically for the Chinese market, expected to have performance around 50% of its flagship B300 chip [9] - TSMC is set to supply 2nm wafers at a fixed price of $30,000 each, targeting high-end clients in AI and HPC, with an initial yield of about 60% [10] - Qualcomm has launched the fourth-generation Snapdragon 7s mobile platform, featuring a 7% performance increase over its predecessor [11] Group 3: Financial Performance - Xiaomi reported a 30.5% year-on-year revenue growth in Q2 2025, with smart electric vehicle revenue reaching 206 billion yuan [12] - Pop Mart's revenue for the first half of 2025 was 13.88 billion yuan, a 204.4% increase year-on-year, with significant growth across various regions [13] Group 4: Market Movements - iQIYI is reportedly preparing for a secondary listing in Hong Kong, aiming to raise between $200 million and $300 million [14][15]

京东：已为15万外卖全职骑手缴纳五险一金，呼吁各平台一道"履行义务" 卢伟冰：小米汽车预计下半年开始盈利，有信心完成35万辆全年交付目标 8月19日，小米集团合伙人、集团总裁卢伟冰在当晚的业绩电话会上表示，有信心完成35万辆小米汽车的全年交付目标。今年第二季度小米智能电动汽车 及AI等创新业务收入大幅增长234%至213亿元，经营亏损大幅收窄至3亿元，有望于下半年实现单季盈利。不过2022年至2025年上半年小米在汽车等创新 业务上的费用投入超300亿，所以累计来看新业务仍然有较大亏损。 美团上新16城约会"热订榜"，开通七夕线上提前订座服务 8月19日，美团美食频道正式上线餐厅"约会热订"入口，并推出约会"热订榜"。该榜单动态追踪餐厅口碑和预订情况，综合测算约会热度值，并按周实时 更新"七夕可预订、服务有保障、预订热度高"的热门约会餐厅。据了解，这轮约会"热订榜"将率先覆盖北京、上海、杭州、深圳、广州等16个热门约会城 市，以一线和新一线为主。与此同时，上榜餐厅均开通了线上订座服务，消费者在逛榜单时，也能提前一键锁座。 东方甄选发布辟谣声明：已启动报警和司法流程 8月19日消息，东方甄选发布辟谣声明：关于周 ...

Group 1: Aerospace and Defense Sector - Zhongtian Rocket experienced a limit-up increase of 9.99%, with other companies like Zhong Wuyunji, AVIC Chengfei, and Aero Engine Corporation of China also seeing significant gains [1][2] - The overall performance of the aerospace and defense sector is strong, indicating positive market sentiment towards military equipment stocks [1] Group 2: Alcohol Industry - Jiugui Liquor reached a limit-up increase of 10.00%, while other companies such as Shede Liquor and Shui Jing Fang also saw notable gains [4][5] - The rebound in the liquor sector suggests a recovery in consumer demand and investor confidence in alcohol stocks [4] Group 3: Solar Energy Sector - Yamaton and Huamin Co. both hit the limit-up mark, increasing by 10.01% and 9.49% respectively, with several other solar energy stocks also performing well [5][6] - The solar energy sector is showing resilience and growth potential amidst broader market fluctuations [6] Group 4: Market Overview - The Shanghai Composite Index opened lower, down 0.28%, while the ChiNext Index fell by 1.14%, indicating a challenging market environment for many sectors [8][9] - The overall market sentiment is mixed, with certain sectors like solar energy and alcohol showing strength while others, particularly in AI hardware, are experiencing declines [8][9]

Core Viewpoint - The stock price of Dongfang Zhenxuan experienced significant volatility, initially rising over 23% before plummeting by 20.89% due to rumors regarding CEO Zhou Chenggang and commission rates, which were later denied by the company [1][2]. Group 1: Stock Performance - Dongfang Zhenxuan's stock price surged from a low of 8.92 HKD on December 31, 2024, to 53.7 HKD, marking a 502% increase [2]. - The stock's recent rise was attributed to optimistic market expectations regarding the company's development [1]. Group 2: Financial Metrics - For the fourth quarter of the 2025 fiscal year, Dongfang Zhenxuan's revenue is projected to be approximately 1.5 billion USD, reflecting a nearly 30% year-over-year decline, although the decline is narrowing on a quarter-over-quarter basis [1]. - The company's operating profit under non-GAAP is estimated at 79 million RMB, with an operating profit margin of about 7%, which represents a quarter-over-quarter increase of approximately 3% [1]. Group 3: Company Strategy and Market Position - The company is focusing on self-operated products and supply chain development, which aligns with new consumption trends and presents expansion opportunities [2]. - After facing challenges, the company's operations are gradually returning to normal, which is a key reason for renewed investor interest [2].

Core Viewpoint - The claims regarding "Dongfang Zhenxuan's commission rate being consistently over 30%" are severely misleading, with the actual average commission rate being less than 20% [3][6]. Group 1: Stock Performance - On August 20, Dongfang Zhenxuan's stock price initially surged over 14%, closing up 8% at 37.2 HKD [1]. - The stock experienced significant volatility, with a peak increase of over 23% in the morning, followed by a drop of 20.89% in the afternoon [1]. Group 2: Company Response - Dongfang Zhenxuan issued a statement refuting rumors about CEO Zhou Chenggang's involvement in related party transactions and announced the initiation of legal actions against the spread of false information [3][6]. - The company emphasized its commitment to high-quality products and competitive pricing, asserting that the average commission rate is below 20% [3].