| 代码 | 简称 | 类型 | 成交金额（万港元） | 成交净买入（万港元） | 日涨跌幅（%） | | --- | --- | --- | --- | --- | --- | | 00700 | 腾讯控股 | 港股通(沪) | 352682.92 | 161844.29 | 0.42 | | 00763 | 中兴通讯 | 港股通(沪) | 307773.02 | 19502.71 | 5.38 | | 01810 | 小米集团-W | 港股通(沪) | 305180.48 | 82808.55 | -2.28 | | 03690 | 美团-W | 港股通(沪) | 274431.03 | 78855.83 | -3.06 | | 09988 | 阿里巴巴-W | 港股通(沪) | 257665.26 | 23823.73 | -1.53 | | 09988 | 阿里巴巴-W | 港股通(深) | 251722.00 | -51989.58 | -1.53 | | 00981 | 中芯国际 | 港股通(沪) | 218961.92 | -32961.86 | -0.10 | | 00763 | 中兴通讯 | ...

Core Viewpoint - The stock price of Dongfang Zhenxuan has experienced a significant drop due to rumors of related party transactions and high commission rates, despite a previous surge in stock value since July 2023 [2][3]. Group 1: Stock Performance and Market Reactions - Dongfang Zhenxuan's stock price rose by 212.54% over 23 trading days, reaching a new high since March 2023 [2]. - Following rumors of CEO Zhou Chenggang's involvement in related party transactions and claims of commission rates exceeding 30%, the stock price fell sharply, with a post-market drop of 20.89% [2]. - The departure of popular host Dong Yuhui led to a market reaction, with the stock price plummeting over 23% the day after his exit, resulting in a market value loss of nearly 30 billion HKD [3]. Group 2: Business Strategy and Financial Performance - Dongfang Zhenxuan has been transitioning to a self-operated model, reducing reliance on top hosts, as indicated by CEO Yu Minhong's statements [4]. - The company has developed and launched 600 SKUs of self-operated products, with self-operated products accounting for approximately 37% of total GMV as of November 30, 2024 [4]. - In June 2025, the GMV reached approximately 8.8 billion, a year-on-year increase of 28%, with self-operated products contributing 3.5 billion, up 15% [5]. Group 3: Membership and Customer Engagement - As of November 2024, the number of paid subscribers on the Dongfang Zhenxuan app reached 228,300, driven by the success of self-operated and membership services [6]. - The introduction of a paid membership service, priced at 199 CNY per year, aims to enhance customer loyalty and sales [5]. Group 4: Challenges and Future Outlook - Dongfang Zhenxuan faces challenges in diversifying its product offerings and reducing dependence on a single sales channel, particularly the Douyin platform, which accounts for 60% to 70% of sales [6][7]. - The company is actively seeking a more comprehensive and stable growth model while navigating the competitive retail market [7].

Group 1 - The core event is the launch of the "Dinner with Teacher Yu" and the third season of the Oriental Selection Open Day, hosted by Yu Minhong [1] - The event allows users to sign up through the Oriental Selection App, requiring them to become members [1] - On August 24, Yu Minhong will conduct a live draw to select 20 "lucky members" who will participate in the dinner [1] Group 2 - Selected members will have their round-trip travel expenses fully reimbursed by Oriental Selection, and accommodations will be arranged [1] - The list of selected members will be publicly announced on August 25 [1]

Group 1 - Southbound funds net bought Hong Kong stocks worth 74.61 billion HKD today [1] - The top net purchases included Tencent Holdings at 18.71 billion HKD, Meituan-W at 13.91 billion HKD, and Xiaomi Group-W at 12.74 billion HKD [1] - Southbound funds have net bought Tencent for five consecutive days, totaling 55.7254 billion HKD, and Xiaomi for three consecutive days, totaling 21.9847 billion HKD [1] Group 2 - The net sell-offs included the Yingfu Fund at 8.24 billion HKD, ZTE Corporation at 6.3 billion HKD, and Alibaba-W at 2.81 billion HKD [1] - ZTE Corporation experienced a drop of 5.4% with a net inflow of 1.95 billion HKD [2] - Alibaba-W saw a decline of 1.5% with a net outflow of 5.20 billion HKD [2]

Group 1: Market Overview - On August 21, the Hong Kong stock market saw a net inflow of 74.61 billion HKD from northbound trading, with 22.01 billion HKD from the Shanghai Stock Connect and 52.6 billion HKD from the Shenzhen Stock Connect [1] - The most bought stocks included Tencent (00700), Meituan-W (03690), and Xiaomi Group-W (01810), while the most sold stocks were the Tracker Fund of Hong Kong (02800), Alibaba-W (09988), and SMIC (00981) [1] Group 2: Stock Performance - Tencent Holdings (00700) had a net inflow of 25.73 billion HKD, with a total trading volume of 35.27 billion HKD, resulting in a net inflow of 16.18 billion HKD [2] - Meituan-W (03690) received a net inflow of 13.9 billion HKD, driven by the launch of its international food delivery brand Keeta in Qatar [5] - Xiaomi Group-W (01810) saw a net inflow of 12.74 billion HKD, with a reported adjusted net profit of 108.31 billion RMB for Q2, a 75.4% year-on-year increase [5] - ZTE Corporation (00763) had a net inflow of 6.3 billion HKD, with analysts highlighting its AI and network business potential [5] Group 3: Notable Earnings and Developments - Lao Pu Gold (06181) reported a 251% increase in revenue to 123.54 billion RMB and a 285.8% increase in net profit to 22.68 billion RMB for the first half of the year [6] - The stock of the Tracker Fund of Hong Kong (02800) experienced a net outflow of 8.24 billion HKD, indicating a shift in investor sentiment [6] - Eastern Selection (01797) faced a net outflow of 1.27 billion HKD amid rumors regarding its CEO, which the company has denied [7]

Core Viewpoint - The launch of the "Dinner with Teacher Yu" event by Dongfang Zhenxuan App signifies a strategic move to enhance customer engagement and brand loyalty through interactive experiences with the founder, Yu Minhong [1] Group 1: Event Details - The event invites 20 lucky members to dine with Yu Minhong, creating a unique opportunity for direct interaction [1] - Members will also receive various self-operated products for evaluation and tasting during the open day [1] - The atmosphere of the event is described as lively, with Yu Minhong engaging in discussions about product philosophy and corporate vision, as well as performing during the dinner [1] Group 2: Member Engagement - Previous seasons of the open day have shown positive member feedback, with participants sharing their experiences on social media [1] - The event aims to strengthen community ties and gather valuable product suggestions from members [1]

Group 1 - The core event is the launch of the "Dinner with Teacher Yu and Oriental Selection Open Day Season 3," where Yu Minhong will host a dinner for 20 lucky members [1] - This event is part of a series that has been held for two consecutive seasons, allowing members to engage with Yu Minhong on product philosophy and corporate vision [1] - The registration for the third season is open to all members of the Oriental Selection App, with simplified processes and enhanced benefits [1] Group 2 - The event will take place on August 25, with the selected members' names being announced, and the company will reimburse travel expenses for the lucky members [1] - Accommodation for the members will be arranged by the company, indicating a commitment to enhancing member experience [1]

Core Viewpoint - The stock price of Dongfang Zhenxuan experienced volatility due to rumors regarding the CEO of New Oriental Group, Zhou Chenggang, being investigated, which led to significant fluctuations in stock performance [2][6]. Group 1: Stock Performance - On August 19, Dongfang Zhenxuan's stock price surged over 23% before plummeting to a closing price of 34.32 HKD, a drop of 20.89% [2]. - As of August 20, the stock price rebounded to 37.14 HKD, an increase of 8.22%, but then fell again to 35.46 HKD, a decrease of 4.52% by August 21 [1]. Group 2: Company Challenges - Dongfang Zhenxuan is currently facing performance challenges due to the separation from Yuhui Tongxing, resulting in a net revenue decline of 9.3% year-on-year, with a reported net loss of 96.5 million CNY for the first half of the 2025 fiscal year [6][7]. - The company has been actively diversifying its sales channels, moving away from reliance on single platforms and launching self-operated products, which have become a significant growth driver [1][7]. Group 3: Talent Retention Issues - The departure of key talent, including popular hosts, raises concerns about the company's ability to retain core personnel, which is critical for its ongoing success [10][11]. - Despite the company's efforts to reduce dependence on top hosts, the recent exits of prominent figures have led to increased scrutiny regarding talent retention strategies [10]. Group 4: Revenue and Product Strategy - Dongfang Zhenxuan's self-operated products have become a core revenue source, accounting for approximately 46% of total sales volume, with over 600 SKUs developed [9][8]. - The average commission rate for Dongfang Zhenxuan is reported to be below 20%, contrary to rumors suggesting it exceeds 30% [3].

Core Viewpoint - Oriental Selection (01797) has experienced a decline of over 5%, despite a monthly increase of over 60%. As of the report, the stock is down 4.04% at HKD 35.64, with a trading volume of HKD 1.048 billion [1] Group 1: Company News - Recent rumors suggest that New Oriental CEO Zhou Chenggang may be under investigation by regulatory authorities for related party transactions. Oriental Selection has issued a statement claiming these rumors are unfounded [1] - The company refuted claims that its commission rate has been consistently over 30%, stating that the actual average commission rate is below 20% [1] - New Oriental's founder, Yu Minhong, indicated on Weibo that Zhou Chenggang's upcoming visit to Australian universities is intended to dispel the rumors of an investigation [1] Group 2: Market Analysis - On August 19, Oriental Selection's stock experienced a sudden drop, with analysts noting that there was significant selling pressure in the after-hours trading session. However, the end-of-day trading showed signs of buying interest [1] - Analysts suggest that the recent stock price fluctuations are primarily driven by short-term capital. Once these short-term investors achieve their profit targets, a collective exit can lead to significant price volatility [1] - Although there may be potential for a rebound in the stock, such trends driven by speculative capital are often not sustainable [1]

东方甄选(01797)再跌超5%，月内仍涨超60%。截至发稿，跌4.04%，报35.64港元，成交额10.48亿港 元。 消息面上，近日市场有传闻称，新东方CEO周成刚或涉关联交易被监管部门立案调查。东方甄选发布声 明称，关于周成刚的传闻纯属谣言，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%。此外，新东方创始人俞敏洪于微博表示，新东 方CEO周成刚的澳洲名校探访之旅即将启程，疑再次为周成刚被立案调查的传闻辟谣。 值得注意的是，对于东方甄选8月19日午后突发跳水，中泰国际策略分析师颜招骏当日表示："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。" ...