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10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: 匯量科技有限公司 呈交日期: 2025年11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) | 01860 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | USD | | 0.01 | USD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | | | USD | | 0 | | 本月底結存 | | | 10,000,000,000 | USD | | 0.01 | USD ...

每经AI快讯，汇量科技(01860.HK)涨超6%，截至发稿，涨6.02%，报18.66港元，成交额1.61亿港元。 （文章来源：每日经济新闻） ...

智通财经APP获悉，汇量科技(01860)涨超6%，截至发稿，涨6.02%，报18.66港元，成交额1.61亿港元。 消息面上，数字广告科技公司AppLovin2025年第三季度财务业绩和第四季度展望均超出预期。财报显 示，AppLovin三季度营收达14.1亿美元，同比增长68.9%，净利润为8.355亿美元，超过了此前预期的 8.265亿美元。据悉，Applovin和汇量科技均以程序化广告业务为核心，通过算法和大数据技术实现广 告资源的自动化匹配与精准投放。 今年上半年，汇量科技实现收入9.38亿美元，同比大幅增长47%；经调整EBITDA取得8868.1万美元，同 比增长41%。广告平台Mintegral营收8.97亿美元，同比增长49%，其中游戏品类6.62亿美元，同比增长 51.7%，非游品类营收2.36亿美元，同比增长40.6%，国海证券指出，公司为全球程序化广告投放平台头 部企业，智能出价策略以获取中重度游戏、非游戏广告主增量预算，成长空间有望持续打开。 ...

汇量科技(01860)涨超6%，截至发稿，涨6.02%，报18.66港元，成交额1.61亿港元。 今年上半年，汇量科技实现收入9.38亿美元，同比大幅增长47%；经调整EBITDA取得8868.1万美元，同 比增长41%。广告平台Mintegral营收8.97亿美元，同比增长49%，其中游戏品类6.62亿美元，同比增长 51.7%，非游品类营收2.36亿美元，同比增长40.6%，国海证券指出，公司为全球程序化广告投放平台头 部企业，智能出价策略以获取中重度游戏、非游戏广告主增量预算，成长空间有望持续打开。 消息面上，数字广告科技公司AppLovin2025年第三季度财务业绩和第四季度展望均超出预期。财报显 示，AppLovin三季度营收达14.1亿美元，同比增长68.9%，净利润为8.355亿美元，超过了此前预期的 8.265亿美元。据悉，Applovin和汇量科技均以程序化广告业务为核心，通过算法和大数据技术实现广 告资源的自动化匹配与精准投放。 ...

Group 1 - The Hang Seng Index fell by 0.28%, down 73 points, closing at 25,878 points, while the Hang Seng Tech Index decreased by 0.80%. The early trading volume in Hong Kong stocks was HKD 138.2 billion [1] - AI concept stocks experienced a decline, with concerns over high valuations. Institutions suggest that the long-term outlook for Hong Kong tech stocks remains attractive [1] - Hui Liang Technology (01860) dropped over 6%, and Kingsoft (03888) fell by 2.81% [1] Group 2 - Longpan Technology (603906) saw an increase of over 9% as lithium battery midstream prices continue to rise, with institutions expecting further price momentum [2] - Yimai Sunshine (02522) rose by 3.27% following several directors' share purchases, and the "AI + healthcare" sector is expected to benefit from new policies [3] - China Duty Free Group (601888) (01880) increased by over 4%, marking its first interim dividend, with recent policies likely to boost the duty-free industry [3] Group 3 - Yihua Tong (02402) surged by 7.7%, with significant cash flow improvement in the first three quarters, and fuel cell vehicle production is expected to accelerate [4] - Tianli International Holdings (01773) rose by 4.9%, with its AI learning companion already implemented in over 100 schools nationwide [5] - Mixue Group (02097) increased by 2.89%, planning to collaborate with Anjun Express for cold chain operations in Brazil [6] Group 4 - Huishang Bank (03698) rose by 4%, reporting a net profit of CNY 14.149 billion in the first three quarters, with institutions indicating potential for future growth [7] - Sanhua Intelligent Control (002050) (02050) fell by 1.94%, as Goldman Sachs pointed out overly optimistic robot expectations, while the market is focused on Tesla's trillion-dollar compensation plan [7] - Home Control (01747) dropped by 13%, facing scrutiny from the Hong Kong Securities and Futures Commission due to high stock ownership concentration [7] - Long Fiber Optic (601869) (06869) declined by 2.81%, with Q3 net profit down nearly 11%, and UBS stated that the impact of hollow-core fiber on profitability is limited in the short term [7]

Market Overview - The Hang Seng Index fell by 0.28%, down 73 points, closing at 25,878 points, while the Hang Seng Tech Index decreased by 0.80%. The early trading volume in Hong Kong stocks was HKD 138.2 billion [1]. AI Sector - AI concept stocks experienced a decline, with concerns over high valuations intensifying. Institutions suggest that the long-term outlook for Hong Kong tech stocks remains attractive. HuiLiang Technology (01860) dropped over 6%, and Kingsoft (03888) fell by 2.81% [1]. Lithium Battery and Healthcare - Longpan Technology (02465) saw a midday increase of over 9% due to ongoing price hikes in the lithium battery midstream, with institutions predicting further price momentum. Yimai Sunshine (02522) rose by 3.27% following several directors' share purchases, indicating a positive outlook for the "AI + healthcare" sector amid new policies [1]. Duty-Free Industry - China Duty Free Group (01880) rose over 4% against the market trend, marking its first interim dividend. Recent policy developments are expected to boost growth in the duty-free industry [1]. Fuel Cell Vehicles - Yihua Tong (02402) increased by 7.7%, with significant cash flow improvement in the first three quarters, and the potential for accelerated release of fuel cell vehicles [1]. Other Companies - Tianli International Holdings (01773) rose by 4.9% as its AI companion has been implemented in over 100 schools nationwide [2]. - Mixue Group (02097) increased by 2.89% due to a planned cold chain cooperation with Anjun Express in Brazil [3]. - Huishang Bank (03698) rose by 4%, reporting a net profit of CNY 14.149 billion for the first three quarters, with expectations for future inclusion in the stock connect [3]. - Sanhua Intelligent Control (02050) fell by 1.94% as Goldman Sachs indicated overly optimistic robot expectations, with market attention on Tesla's trillion-dollar compensation plan [4]. - HOME CONTROL (01747) dropped by 13% after being named by the Hong Kong Securities and Futures Commission for high shareholding concentration [5]. - Changfei Optical Fiber and Cable (06869) fell by 2.81%, with Q3 net profit declining nearly 11%. UBS stated that the impact of hollow-core fiber on profitability is limited in the short term [6].

Core Viewpoint - The AI application sector in both Hong Kong and A-shares has shown strong performance, with several concept stocks experiencing significant price increases, driven by multiple positive signals and favorable news in the industry [2][4]. Stock Performance - In the Hong Kong market, notable stock price increases include: - Fenbi (02469.HK) up 10.36% - Meitu (01357.HK) up 7.08% - Huisheng Technology (01860.HK) up 6.05% - Reading Group (00772.HK) up 5.27% - Maifushi (02556.HK) up 4.92% - Xindong Company (02400.HK) up 4.3% [2][3] - In the A-share market, stocks such as: - 37 Interactive Entertainment (002555.SZ) and Jishi Media (601929.SH) hit the daily limit - Fushi Holdings (300071.SZ) surged 13.39% - Huina Technology (300609.SZ) rose 11.79% - 360 (601360.SH) increased by 7.52% [2][3]. Catalysts for Growth - The surge in the AI application sector is attributed to a combination of individual stock benefits and a series of positive industry signals [4]. - Fenbi announced a share buyback plan of up to 200 million HKD and reported a milestone in AI product sales, with over 42,000 units sold, reflecting a more than 100% increase month-on-month [5]. - Minglue Technology (02718.HK) saw a 106.1% increase on its first trading day, further igniting market enthusiasm for AI sub-sectors [6]. Policy Support - Recent policies in the AI sector have been released, creating a comprehensive support system from strategic planning to practical applications. The "14th Five-Year Plan" emphasizes the implementation of "AI+" actions to seize the high ground in AI industry applications [7]. - A recent State Council meeting focused on accelerating AI scene cultivation and large-scale application, aiming to transform technological advantages into new momentum for industrial development [7]. Industry Events - The establishment of the "World Artificial Intelligence Cooperation Organization" (WAICO) at the APEC summit aims to set global AI governance rules and promote technology accessibility [8]. - Upcoming industry summits, including the World Internet Conference and the Global Computing Conference, will further enhance optimistic expectations for the AI sector [8]. Market Validation - The commercial value of AI applications has been validated through user growth and corporate performance. As of Q3 2025, the number of active mobile users in AI applications exceeded 729 million, with 200 million on PC [8]. - Companies like Kingsoft Office reported Q3 revenue of 1.521 billion CNY, a 25% year-on-year increase, driven by active user growth and enhanced AI features [9]. - 360 reported Q3 revenue of 2.241 billion CNY, a 16.88% year-on-year increase, achieving profitability with multiple significant contracts in the AI sector [10]. Long-term Investment Value - The AI application sector is becoming a core focus for the market, with long-term investment value expected to continue to emerge as the "AI+" initiative deepens and global cooperation progresses [11]. - Several brokerages have released reports highlighting the rapid transition of AI application business models from concept validation to revenue generation, indicating a strong demand for AI applications across various sectors [12]. - The upcoming "Hong Kong Top 100" evaluation will include AI and smart driving as key focus areas, providing a more precise evaluation dimension for industry innovation [12].

Market Overview - Hong Kong stocks opened positively in November, with major indices rising, and the Hang Seng Index closing at 26,158.36 points, up 0.97% or 251.71 points, with a total turnover of HKD 228.68 billion [1] - The Hang Seng China Enterprises Index increased by 0.98% to 9,258.73 points, while the Hang Seng Tech Index rose by 0.24% to 5,922.48 points [1] Blue Chip Performance - Chow Tai Fook (01929) led the blue-chip decline, falling 8.67% to HKD 13.9, impacting the Hang Seng Index by 4.04 points [2] - AIA Group (01299) rose 5.96%, contributing 75.25 points to the index, while Wanzhou International (00288) increased by 4.69%, adding 4.62 points [2] Sector Performance Technology Sector - Technology stocks showed mixed results, with Alibaba down 1.15% and Tencent down 0.16%, while Kuaishou rose 1.52% [3] Oil Sector - Oil stocks experienced a broad increase, with China National Offshore Oil Corporation (00883) up 3.49% and China Petroleum (00857) up 3.37%, following OPEC+'s announcement to pause production increases in early 2024 [3] Coal Sector - Coal stocks generally rose, with China Qinfa (00866) up 7.53% and Yanzhou Coal (01171) up 4.69%, driven by seasonal demand and safety production assessments [4] AI Application Sector - AI application stocks were active, with Fenbi (02469) surging 10.36% after announcing a share buyback plan, reflecting strong market interest in AI education products [4][10] Gold and Jewelry Sector - Gold mining and jewelry stocks fell sharply, with Chow Tai Fook down 8.67% and Lao Pu Gold (06181) down 7.16%, following new tax policies affecting gold trading [6] Automotive Sector - The automotive sector showed varied performance, with XPeng Motors (09868) up 4.59% and NIO (09866) up 4.21%, supported by strong October delivery figures for new energy vehicles [7] Notable Stock Movements - Minglue Technology (02718) debuted with a significant rise of 106.1%, closing at HKD 290.6, indicating strong investor interest in data intelligence applications [8] - WuXi AppTec (02126) surged 16.09% due to positive developments regarding its CAR-T cell therapy's inclusion in commercial health insurance [9]

Group 1 - AI application concept stocks showed significant activity in early trading, with notable gains for companies such as Fenbi (02469) up 7.14% to HKD 3, Meitu (01357) up 5.57% to HKD 9.1, and Huima Technology (01860) up 5.04% to HKD 18.74 [1] - The US stock market saw a surge in AI application stocks last Friday, with Twilio and Reddit both rising over 19% and 7% respectively after their earnings reports [1] - Upcoming earnings reports for major AI application companies include Palantir on November 4, Shopify on November 5, and Applovin on November 6 [1] Group 2 - The 14th Five-Year Plan suggests seizing the high ground in AI industry applications, which is expected to promote collaborative development within the AI industry chain [2] - Recent updates from companies like OpenAI, Xai, and Google on large model capabilities indicate ongoing innovation in the industry, benefiting the implementation of AI applications [2] - Domestic companies are anticipated to leverage their product and engineering capabilities, as well as their innovation speed, to seize investment opportunities in AI applications abroad [2]

Core Viewpoint - AI application concept stocks are experiencing significant activity, with several companies seeing stock price increases of over 5% following a surge in the US market for AI applications [1] Group 1: Stock Performance - Stocks such as Fenbi (02469) rose by 7.14% to HKD 3, Meitu (01357) increased by 5.57% to HKD 9.1, and Huya Technology (01860) gained 5.04% to HKD 18.74 [1] - Other notable performers include Maifushi (02556) up 4.92% to HKD 45.64 and Yuedu Group (00772) rising 3.59% to HKD 43.28 [1] Group 2: Market Context - The US market saw a significant rise in AI application stocks last Friday, with Twilio and Reddit both increasing over 19% and 7% respectively [1] - The upcoming earnings season for AI application companies in the US includes Palantir on November 4, Shopify on November 5, and Applovin on November 6 [1] Group 3: Domestic Performance - Several domestic software companies reported better-than-expected earnings, with 360's Q3 revenue reaching CNY 2.241 billion, a year-on-year increase of 16.88%, and a net profit of CNY 160 million, marking a return to profitability [1] Group 4: Industry Outlook - The 14th Five-Year Plan emphasizes the importance of seizing the high ground in AI application industries, which is expected to promote collaborative development within the AI industry chain [1] - Analysts from CITIC Securities noted that updates from companies like OpenAI, Xai, and Google are driving continuous innovation in the industry, which is favorable for the implementation of AI applications [1] - There is an optimistic outlook for domestic companies to leverage their product and engineering capabilities, as well as their innovation and iteration speed, to seize investment opportunities in AI applications abroad [1]