Core Insights - On August 8, 2025, SMIC (00981), Alibaba-W (09988), and Xiaomi Group-W (01810) were the top three companies by trading volume in the Southbound Stock Connect, with trading amounts of 6.668 billion, 2.541 billion, and 2.286 billion respectively [1] - In the Southbound Stock Connect for Shenzhen, SMIC (00981), Xiaomi Group-W (01810), and Alibaba-W (09988) also ranked as the top three, with trading amounts of 4.406 billion, 1.514 billion, and 1.346 billion respectively [1] Southbound Stock Connect (Shanghai) - Top active companies by trading volume: - SMIC (00981): 6.668 billion with a net buy of 0.213 billion - Alibaba-W (09988): 2.541 billion with a net buy of 0.398 billion - Xiaomi Group-W (01810): 2.286 billion with a net buy of 0.547 billion - Tencent Holdings (00700): 1.916 billion with a net buy of 0.424 billion - Huizhou Network (09878): 1.758 billion with a net buy of 0.0758 billion - Hua Hong Semiconductor (01347): 1.125 billion with a net sell of 0.336 billion - Nanjing Panda Electronics (00553): 1.075 billion with a net sell of 0.0252 billion - CSPC Pharmaceutical Group (01093): 1.075 billion with a net sell of 0.133 billion - Dongfang Zhenxuan (01797): 1.024 billion with a net buy of 0.0556 billion - Jing Tai Holdings (02228): 0.956 billion with a net buy of 0.0446 billion [1] Southbound Stock Connect (Shenzhen) - Top active companies by trading volume: - SMIC (00981): 4.406 billion with a net sell of 0.639 billion - Xiaomi Group-W (01810): 1.514 billion with a net sell of 0.0745 billion - Alibaba-W (09988): 1.346 billion with a net buy of 0.333 billion - Tencent Holdings (00700): 1.214 billion with a net sell of 0.319 billion - Hutchison China MediTech (00013): 0.958 billion with a net sell of 0.158 billion - CanSino Biologics (09926): 0.893 billion with a net buy of 0.0202 billion - Zai Lab (09688): 0.768 billion with a net buy of 0.0217 billion - Innovent Biologics (01801): 0.759 billion with a net buy of 0.0745 billion - Fufeng Group (03738): 0.747 billion with a net buy of 0.0315 billion - Tracker Fund of Hong Kong (02800): 0.729 billion with a net buy of 0.0684 billion [1]

Core Viewpoint - The Hong Kong stock market experienced significant net inflows from northbound trading, with a total net buy of 62.71 billion HKD on August 8, 2023, indicating strong investor interest in certain stocks [1][2]. Group 1: Northbound Trading Activity - Northbound trading saw a net buy of 32.8 billion HKD through the Shanghai Stock Connect and 29.92 billion HKD through the Shenzhen Stock Connect [1]. - The most bought stocks included Alibaba-W (09988), with a net buy of 7.3 billion HKD, and the Tracker Fund of Hong Kong (02800), with a net buy of 6.83 billion HKD [4][5]. Group 2: Stock Performance - Semiconductor stocks like SMIC (00981) and Hua Hong Semiconductor (01347) faced significant net selling, with net outflows of 4.26 billion HKD and 3.35 billion HKD, respectively [7][8]. - In contrast, companies like Xiaomi Group-W (01810) and Tencent Holdings (00700) received net buys of 4.72 billion HKD and 1.04 billion HKD, respectively [8]. Group 3: Company-Specific Developments - Alibaba's new membership system, integrating various services, marks a strategic shift towards becoming a comprehensive consumer platform [4]. - The collaboration between Huida Network (09878) and Alibaba Cloud aims to explore innovations in AI and digital solutions, enhancing their market presence [5]. - Crystal Technology (02228) announced a record-breaking cooperation agreement worth approximately 470 billion HKD (59.9 billion USD) in the AI and robotics drug development sector [6].

多机构传人员优化 在线教育行业的多事之"春"还没有结束。截至5月24日，据北京商报记者不完全统计，在近一个半月的 时间内，已先后有新东方在线、粉笔教育和VIPKID 3家在线教育公司传出人员优化的消息。经过记者 与相关公司采访核实后，3家公司的相关负责人均回应表示，公司目前并无大规模裁员，是正常的人事 调整。不过，此次多家机构同时传出人员优化的消息，是否意味着在强监管趋势下，在线教育再次进入 了洗牌阶段? 除了上述两家公司，主打在线职业教育培训的粉笔教育甚至还因为"裁员传闻"登上了微博热搜，阅读量 超过1200万，热搜话题下有不少自称粉笔员工的网友表示，近期被公司考核评定为不合格而被裁。粉笔 教育的相关工作人员则向北京商报记者表示裁员消息不实，称"只是个别分校正常的组织架构调整"。 监管力度趋严 进入2021年以来，针对教培行业的监管和政策正不断加强，其中受到监管力度最大的领域即为K12学科 校外培训机构。从上述3家的业务范畴来看，新东方在线主营中小学学科在线教育，有1对1和班课两种 培训模式。 据此前发布的财报数据显示，截至2020年11月30日，新东方在线的总营收为6.768亿元，总付费学生人 次达到21 ...

转自：智通财经 【港股午评：恒生科技指数跌0.99% 中芯国际跌5.57%】智通财经8月8日电，港股午间收盘，恒指收跌 0.66%，科指收跌0.99%。个股方面，长飞光纤光缆涨超11%，东方甄选涨超8%。中芯国际跌5.57%，公 司Q2净利润同比下降19%。 ...

Group 1 - The core viewpoint of the article highlights the significant stock price increase of Dongfang Zhenxuan, which rose by 10.27% to 29.0 CNY per share, with a trading volume of 378 million CNY as of 09:49 on August 8 [1] - Dongfang Zhenxuan Holdings Limited is a leading player in the online extracurricular education service sector in China, known for providing high-quality online courses and exam preparation services [1] - The company expanded its business in 2021 to include live commerce, educational smart hardware products, STEAM education, and vocational education, and has been the largest online education brand in China's university exam preparation market since 2017 [1] Group 2 - As of the mid-year report for 2024, Dongfang Zhenxuan reported total revenue of 2.187 billion CNY and a net profit of -96.799 million CNY [1] - The company is set to disclose its annual report for the fiscal year 2024 on August 22 [1]

Core Insights - The corn beverage market is expected to experience a significant surge this autumn and winter, driven by rising consumer interest and social media buzz [1][2][10] - Various brands are already launching innovative corn-based drinks, indicating a trend towards healthier and more appealing beverage options [4][5][6][8] Market Trends - Social media platforms like Xiaohongshu and Douyin have seen extensive discussions and high engagement regarding corn beverages, with topics like "corn juice" reaching over 1 billion views [2][6] - Brands such as Hushang Ayi and Mengniu have introduced new corn products, reflecting a growing trend in the beverage industry [5][6] Product Innovations - New corn beverages are being developed with a focus on health benefits, such as high fiber content and low calories, appealing to the "light health" trend among younger consumers [11][13] - The introduction of unique flavors and combinations, such as corn and butter, has been validated by market success, indicating consumer interest in innovative taste profiles [17][19] Nutritional Value - Corn is recognized for its nutritional benefits, particularly its fiber content, which aligns with national health initiatives promoting dietary fiber intake [13][24] - For example, a liter of a specific corn beverage contains approximately 320g of sweet corn, providing significant dietary fiber [13] Visual Appeal and Marketing - The vibrant yellow color of corn beverages enhances their marketability, creating a visually appealing product that resonates with consumers' emotional needs during the autumn and winter seasons [16][24] - The trend of reimagining classic national beverages, such as corn drinks, is gaining traction, allowing brands to leverage nostalgia while introducing modern twists [24]

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 公司名稱: 東方甄選控股有限公司 呈交日期: 2025年8月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01797 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | USD | | 0.00002 | USD | | 100,000 | | 增加 / 減少 (-) | | | 0 | | | | USD | | 0 | | 本月底結存 | | | 5,000,000,000 | USD | | 0.00002 | USD | | 100,000 | 本月底法定/ ...

Group 1: Market Performance - Hang Seng Index rose by 0.18%, gaining 45 points to close at 24,947 points; Hang Seng Tech Index increased by 0.03% [1] - Hong Kong stock market saw a morning trading volume of 120.6 billion HKD [1] Group 2: Notable Stock Movements - Coal stocks led the gains, with China Shenhua (01088) up 3.61% and Yanzhou Coal (01171) up 4.1%, as the fifth round of coking coal price hikes took effect [1] - Crystal International (02228) surged over 8% after signing a pipeline cooperation agreement with DoveTree, with a total order size of approximately 47 billion HKD and an initial payment of 51 million USD received [1] - Tsugami (01651) rose by 4.68% following a nearly 40% increase in Q1 net profit from its Japanese division and positive machine tool production data for June [1] - Xianjian Technology (01302) increased by 6.97%, with expectations of gradual price adjustments for related products in the second half of the year [1] - Pop Mart (09992) gained 6.31%, driven by strong demand for its proprietary IP, with Morgan Stanley highlighting its undervalued platform [1] - China Shipbuilding Defense (00317) rose over 7%, anticipating a more than double year-on-year increase in net profit for the first half of the year [1] - BYD Electronics (00285) increased by over 6%, benefiting from AI-driven growth in the liquid cooling market and entry into the Nvidia supply chain [1] - Wuling Motors (00305) surged over 10% after announcing a profit warning, with mid-term net profit soaring nearly threefold as the company actively expands in the new energy sector [1] Group 3: Declining Stocks - Qilu Expressway (01576) fell by 6.37% after issuing a profit warning, expecting a year-on-year decline of approximately 21.62% in mid-term net profit [2] - Dongfang Zhenxuan (01797) dropped over 7% amid public relations issues and the closure of Sam's Club member stores, despite its stock price doubling since early July [3] - Boya Interactive (00434) declined by over 6%, projecting a year-on-year profit decrease of 25% to 35% for the first half of the year [4]

Core Viewpoint - Oriental Selection (01797) has experienced a significant stock price fluctuation, with a drop of over 6% recently, despite having doubled in price since early July. As of the latest report, the stock is down 5.16% at HKD 26.08, with a trading volume of HKD 793 million [1]. Group 1: Market Reactions and Business Adjustments - Recent consumer dissatisfaction has emerged regarding Sam's Club's product adjustments, leading to criticism on social media [1]. - Hema's membership stores will cease operations, indicating a complete withdrawal from its Costco-like membership business [1]. Group 2: Company Strategy and Performance - Tianfeng Securities noted that Oriental Selection possesses attributes of both shelf e-commerce and social e-commerce, aiming to establish itself as an online version of Sam's Club, potentially leveraging market changes for further growth [1]. - Zheshang Securities highlighted that Oriental Selection, along with brands like Pang Donglai and Sam's, focuses on consumer-centric product development, offering high-quality and cost-effective products to meet health needs, which drives stable repurchase rates [1]. Group 3: Financial Performance - New Oriental reported its fourth-quarter earnings for the fiscal year 2025, with revenue of USD 150 million, reflecting a year-on-year decline of approximately 30%, although the decline rate has narrowed compared to the previous quarter [1]. - Non-GAAP operating profit was approximately RMB 79 million, with an operating profit margin of about 7%, showing a quarter-on-quarter improvement [1]. - The company is undergoing a transformation from being driven by influencers to focusing on product-driven strategies, following the challenges of talent departures and business restructuring [1].

Group 1 - The stock price of Dongfang Zhenxuan (01797) has fallen over 6%, despite having doubled since early July, currently trading at 26.08 HKD with a transaction volume of 793 million HKD [1] - Recent consumer dissatisfaction has emerged regarding product adjustments at Sam's Club, leading to negative feedback on social media [1] - Hema's membership stores will cease operations, indicating a complete withdrawal from the membership store business that aimed to compete with Costco [1] Group 2 - Tianfeng Securities noted that Dongfang Zhenxuan possesses attributes of both shelf e-commerce and social e-commerce, aiming to establish itself as an online version of Sam's Club, potentially benefiting from market changes for secondary growth [1] - Zheshang Securities highlighted that Dongfang Zhenxuan, along with brands like Pang Donglai and Sam's Club, focuses on consumer-centric product development, offering high-quality and cost-effective products to meet health needs, which drives stable repurchase rates [1] Group 3 - New Oriental reported a revenue of 150 million USD for Q4 of fiscal year 2025, reflecting a year-on-year decline of approximately 30%, although the decline rate has narrowed compared to the previous quarter [1] - Non-GAAP operating profit was approximately 79 million RMB, with an operating profit margin of about 7%, showing a quarter-on-quarter improvement [1] - The company is experiencing an improvement in profitability following the separation from Huixing and the departure of key influencer Duan Duan, suggesting a transition from influencer-driven to product-driven strategies [1]