Group 1 - The Hang Seng Hong Kong Stock Connect Software and Semiconductor (Investable) Index will be renamed to the Hang Seng Hong Kong Stock Connect Software Theme Index [1] - The number of constituent stocks will remain fixed at 40, with the addition of four stocks: Reading Group, Qutoutiao, Meitu, and Maimai Technology [1] - Four stocks will be removed from the index: ASMPT, SMIC, Hua Hong Semiconductor, and Innodisk [1] - The changes will take effect on December 16, 2025 [1]

Group 1 - The Hang Seng Index Company announced the renaming of the Hang Seng Hong Kong Stock Connect Software and Semiconductor Index to the Hang Seng Hong Kong Stock Connect Software Theme Index, effective December 16, 2025 [1] - The number of constituent stocks will be fixed at 40, with the addition of four stocks: Reading Group (00772), Qutoutiao (00917), Meitu (01357), and iClick Interactive Asia Group (01860) [1] - Several stocks will be removed from the index, including ASMPT (00522), Semiconductor Manufacturing International Corporation (00981), and Hua Hong Semiconductor (01347) [1] Group 2 - The index calculation method will be updated, including changes to the index objectives, stock selection criteria, industry requirements, and constituent stock selection methods [1] - New thematic requirements, buffer zones, and fast inclusion rules will be introduced as part of the updated calculation method [1]

Group 1 - The Hang Seng Index Company announced the renaming of the Hang Seng Hong Kong Stock Connect Software and Semiconductor Index to the Hang Seng Hong Kong Stock Connect Software Theme Index, with an updated calculation method [1] - The number of constituent stocks will be fixed at 40, with the addition of four stocks: Yu Wen Group (00772), Qutoutiao (00917), Meitu (01357), and Hylink Technology (01860) [1] - Several stocks, including ASMPT (00522), SMIC (00981), and Hua Hong Semiconductor (01347), will be removed from the index, effective December 16, 2025 [1] Group 2 - The updated calculation method will include changes to the index objectives, stock selection criteria, industry requirements, and constituent stock selection methods [1] - New thematic requirements, buffer zones, and rapid inclusion rules will be introduced as part of the index update [1]

Core Viewpoint - The company, 汇量科技 (01860), has shown significant growth in its third-quarter financial results, leading to a notable increase in its stock price by over 6% [1]. Financial Performance - In Q3, the company achieved revenue of $532 million, representing a year-on-year growth of 27.6% [1]. - The gross profit for the same period was $111 million, with a year-on-year increase of 26.4% [1]. - Adjusted EBITDA reached $47.05 million, marking a substantial year-on-year growth of 37.3% [1]. Core Business Segment - The core segment, Mintegral, recorded revenue of $508 million, reflecting a year-on-year growth of 26.2% [1]. Analyst Insights - Open Source Securities has noted that the company's scale effects are becoming increasingly evident, leading to significant improvements in profitability [1]. - The firm maintains a "buy" rating, anticipating that AI will drive performance growth on a quarterly basis [1]. AI Integration - The company is deepening the application of AI across various stages of its advertising services [1]. - In March, the Playturbo platform introduced AI features such as voiceover, translation, and rapid image generation [1]. - In August, new AI video functionalities, including "digital human videos" and "image-to-video" capabilities, were launched [1]. - In April, a Hybrid ROAS bidding strategy optimization model was introduced to help developers target high-value audiences [1]. - In July, the IAPROAS optimization strategy was officially launched to enhance the quality and efficiency of IAP applications going overseas [1].

Core Insights - Huya Technology (01860) saw its stock price increase by 6.50%, currently trading at HKD 15.23, with a trading volume of HKD 194 million [5]. Financial Performance - In Q3, Huya Technology achieved revenue of USD 532 million, representing a year-on-year growth of 27.6% [5]. - The company reported a gross profit of USD 111 million, up 26.4% year-on-year [5]. - Adjusted EBITDA reached USD 47.05 million, a significant increase of 37.3% compared to the same period in 2024 [5]. - The core segment, Mintegral, recorded revenue of USD 508 million, reflecting a year-on-year growth of 26.2% [5]. Analyst Outlook - Open Source Securities noted that the company's scale effects are gradually becoming apparent, leading to a significant improvement in profitability [5]. - The firm maintains a "Buy" rating, anticipating that AI will drive performance growth on a quarterly basis [5]. AI Integration in Advertising - The company is deepening the application of AI across various stages of advertising services [5]. - In March, the Playturbo platform supported AI features such as voiceover, translation, and rapid image generation [5]. - In August, two new AI video functions, "Digital Human Video" and "Image to Video," were launched [5]. - In April, the Hybrid ROAS bidding strategy optimization model was introduced to help developers target high-value audiences [5]. - In July, the IAPROAS optimization strategy was officially launched to empower IAP applications for overseas expansion and improve quality and efficiency [5]. - The ongoing integration of AI is expected to enhance service competitiveness and drive sustained revenue growth [5].

Core Insights - 汇量科技's stock rose over 6%, currently up 6.29% at HKD 15.2, with a trading volume of HKD 176 million [1] Financial Performance - In Q3, 汇量科技 achieved revenue of USD 532 million, a year-on-year increase of 27.6% [1] - Gross profit reached USD 111 million, reflecting a year-on-year growth of 26.4% [1] - Adjusted EBITDA was USD 47.05 million, significantly up by 37.3% compared to the same period in 2024 [1] Business Segments - The core segment, Mintegral, recorded revenue of USD 508 million, a year-on-year increase of 26.2% [1] Analyst Outlook - 开源证券's report indicates that the company's scale effects are becoming evident, leading to significant improvements in profitability [1] - The firm maintains a "buy" rating, anticipating AI-driven performance improvements to be released quarterly [1] AI Integration - The company is deepening the application of AI across various stages of advertising services [1] - In March, the Playturbo platform supported AI voiceover, translation, and rapid image generation; in August, it launched "digital human videos" and "image-to-video" AI features [1] - In April, the Hybrid ROAS bidding strategy optimization model was launched to help developers target high-value audiences, followed by the IAPROAS optimization strategy in July to enhance the quality and efficiency of IAP applications going overseas [1]

Core Viewpoint - The company, 汇量科技 (01860), has shown significant growth in its third-quarter financial results, with a notable increase in revenue and profitability, driven by advancements in AI technology in its advertising services [1] Financial Performance - The company achieved a revenue of $532 million in Q3, representing a year-on-year growth of 27.6% [1] - Gross profit reached $111 million, up 26.4% year-on-year [1] - Adjusted EBITDA was $47.05 million, marking a substantial increase of 37.3% compared to the same period in 2024 [1] Core Business Segment - The Mintegral segment recorded revenues of $508 million, reflecting a year-on-year growth of 26.2% [1] Analyst Insights - Open Source Securities has noted that the company's scale effects are becoming increasingly evident, leading to significant improvements in profitability [1] - The firm maintains a "buy" rating, anticipating that AI will continue to drive performance growth quarter by quarter [1] AI Integration in Advertising - The company is deepening the application of AI across various stages of its advertising services [1] - In March, the Playturbo platform introduced AI features for voiceover, translation, and rapid image generation [1] - In August, new AI video functionalities, including "digital human videos" and "image-to-video" capabilities, were launched [1] - In April, the Hybrid ROAS bidding strategy optimization model was introduced to help developers target high-value audiences [1] - In July, the IAPROAS optimization strategy was officially launched to enhance the quality and efficiency of IAP applications going overseas [1] - The ongoing integration of AI is expected to enhance service competitiveness and drive sustained revenue growth [1]

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 | | | 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12月4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 | | 100,000,000 | 本月底法定/註冊股本總額： USD 100,000,000 FF301 ...

Group 1 - Company Huya Technology (01860.HK) experienced a significant increase in stock price, rising over 6% [2] - As of the report, the stock price reached 14.86 HKD, reflecting a gain of 6.45% [2] - The trading volume for the company amounted to 264 million HKD [2]

Core Viewpoint - Huya Technology (01860) reported strong financial performance for the three months ending September 30, 2025, with significant year-on-year growth in revenue and adjusted EBITDA, driven by its core business Mintegral and the integration of AI technologies in advertising services [1] Financial Performance - Revenue for the reporting period reached $532 million, representing a year-on-year increase of 27.6% [1] - Gross profit amounted to $111 million, up 26.4% compared to the previous year [1] - Adjusted EBITDA was $47.05 million, showing a substantial growth of 37.3% from the same period in 2024 [1] Core Business Insights - Mintegral generated $508 million in revenue, reflecting a 26.2% year-on-year growth and accounting for approximately 95.5% of the group's total revenue [1] AI Integration and Growth Potential - The company is leveraging AI to enhance its advertising services, with various applications being implemented across different stages of the advertising process [1] - New AI features launched include AI voiceover, translation, and rapid image generation on the Playturbo platform, as well as AI video functionalities introduced in August [1] - The Hybrid ROAS bidding strategy optimization model was launched in April, aimed at helping developers target high-value audiences, followed by the IAPROAS optimization strategy in July to enhance the quality and efficiency of IAP applications [1]