Summary of Key Points Core Viewpoint - A total of 30 companies, including major players like 瑞声科技 (AAC Technologies) and 蒙牛乳业 (Mengniu Dairy), conducted share buybacks on October 22, 2025, indicating a trend of companies returning capital to shareholders amidst market conditions. Group 1: Buyback Details - 瑞声科技 (AAC Technologies) had the largest buyback amount, repurchasing 300,000 shares for a total of 11.90 million yuan [1] - 联易融科技-W (Lianyi Technology) repurchased 2.43 million shares, totaling 7.47 million yuan, representing 3.288% of its total share capital [2] - 蒙牛乳业 (Mengniu Dairy) bought back 500,000 shares for 7.17 million yuan, which is 0.517% of its total share capital [2] Group 2: Other Notable Buybacks - 康臣药业 (Kangchen Pharmaceutical) repurchased 283,000 shares for 4.33 million yuan, accounting for 7.969% of its total share capital [2] - 连连数字 (Lianlian Digital) bought back 440,000 shares for 3.54 million yuan, which is 0.138% of its total share capital [2] - 固生堂 (Gushengtang) repurchased 91,300 shares for 2.75 million yuan, representing 2.076% of its total share capital [2] Group 3: Additional Companies Involved - 绿城服务 (Greentown Service) repurchased 216,000 shares for 989,300 yuan, which is 0.007% of its total share capital [2] - 歌礼制药-B (Galactico Pharmaceutical) bought back 100,000 shares for 926,500 yuan, accounting for 0.068% of its total share capital [2] - 医渡科技 (Yidu Technology) repurchased 17,700 shares for 99,800 yuan, representing 0.330% of its total share capital [2]

证券时报·数据宝统计，瑞声科技在港交所公告显示，10月22日以每股39.460港元至39.980港元的价格回 购30.00万股，回购金额达1190.98万港元。该股当日收盘价39.820港元，下跌2.40%，全天成交额1.71亿 港元。 今年以来该股累计进行71次回购，合计回购2208.20万股，累计回购金额8.58亿港元。（数据宝） 瑞声科技回购明细 | 日期 | 回购股数（万股） | 回购最高价（港元） | 回购最低价（港元） | 回购金额（万港元） | | --- | --- | --- | --- | --- | | 2025.10.22 | 30.00 | 39.980 | 39.460 | 1190.98 | | 2025.10.17 | 30.00 | 38.800 | 38.480 | 1159.88 | | 2025.05.30 | 30.00 | 36.500 | 35.800 | 1089.26 | | 2025.05.15 | 30.00 | 39.900 | 39.600 | 1191.43 | | 2025.05.09 | 18.65 | 36.500 | 36.150 | 680 ...

Company News - China Unicom (00762.HK) reported a revenue of 292.985 billion yuan for the first three quarters, a year-on-year increase of 1%; net profit reached 20 billion yuan, up 5.1% year-on-year. The company noted a significant breakthrough in computing power business, with cloud revenue of 52.9 billion yuan and data center revenue of 21.4 billion yuan, an increase of 8.9% year-on-year. The cumulative number of customers for 5G virtual private networks exceeded 20,000. Additionally, the company plans to spin off its smart network technology for listing on the Shenzhen Stock Exchange's Growth Enterprise Market [2] - Tmall (06110.HK) reported a mid-term revenue of approximately 12.2986 billion yuan for the period ending August 31, a decrease of 5.79% year-on-year; net profit was 789 million yuan, down 9.69% year-on-year, primarily due to fluctuations in the offline consumption environment affecting customer traffic. The gross profit margin for the period was 41.0%, a decrease of 0.1 percentage points year-on-year, with inventory at 5.834 billion yuan, down 4.7% year-on-year, and the total number of stores decreased by 19.4% year-on-year [2] - Shanshui Cement (00691.HK) reported operating revenue of 8.946 billion yuan for the first nine months, a year-on-year decrease of 17.99%; the company incurred a loss of 132 million yuan, an increase of 12.47% year-on-year [3] - China Overseas Macro Group (00081.HK) reported an operating profit of approximately 773 million yuan for the first three quarters, a year-on-year decline of 46.7% [4] - Tianjin Port Development (03382.HK) announced that its subsidiary plans to publicly sell 60% of the equity in China Railway Storage and Transportation [5] - China National Foreign Trade (00598.HK) completed the sale of a 25% stake in Lu Kai International, expecting to generate revenue of 1.65 billion yuan [6] - Xinyi International (00732.HK) plans to acquire approximately 11.43% equity in Xinyi Renshou through a public bidding process, involving an investment of 1.05 billion yuan [7] - Shanxi Installation (02520.HK) intends to establish a joint venture with Shanxi Sanjian and Huaneng Power for the Shanxi Qingshui Pumped Storage Power Station project, with a total registered capital of 100 million yuan [8] - Kaisa Group (01813.HK) has postponed the hearing for its liquidation application [9] - Baiguoyuan Group (02411.HK) has received approval from the Hong Kong Stock Exchange for its application to implement full circulation of H-shares [10] Buyback Dynamics - Haotian International Investment (01341.HK) completed the issuance of 1.6 billion shares to PCL [11] - AAC Technologies (02018.HK) repurchased 300,000 shares at a cost of approximately 11.9098 million Hong Kong dollars, with repurchase prices ranging from 39.46 to 39.98 Hong Kong dollars [12] - Mengniu Dairy (02319.HK) repurchased 500,000 shares at a cost of 7.1714 million Hong Kong dollars, with repurchase prices between 14.32 and 14.37 Hong Kong dollars [13] - Lianyi Rong Technology-W (09959.HK) repurchased 2.43 million shares at a cost of approximately 7.47075 million Hong Kong dollars, with repurchase prices ranging from 2.99 to 3.1 Hong Kong dollars [14]

瑞声科技(02018)公布，2025年10月22日耗资约1190.98万港元回购30万股股份。 ...

表格類別： 股票 狀態： 新提交 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 公司名稱： 瑞聲科技控股有限公司（於開曼群島註冊成立之有限公司） FF305 FF305 確認 不適用 第一章節註釋： 若股份曾以超過一個每股價格發行/出售/購回/贖回，則須提供每股成交量加權平均價格。 若購回/贖回股份將於期終結存日期之後購回/贖回結算完成之時予以註銷，則該等購回/贖回股份仍屬A部所述期終結存當日的已發行股份的一部分。該等購回/贖回股份的詳情應在B部作 出披露。 呈交日期： 2025年10月22日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 ...

Core Insights - Apple's COO Sabih Khan praised the problem-solving capabilities of Chinese suppliers, highlighting the strategic value of AAC Technologies as a core supplier in defining technology standards and advancing manufacturing processes [1] - AAC Technologies has been collaborating with Apple for 17 years, with a significant increase in product shipments from 2 million to 610 million units annually, indicating a deep strategic partnership [2] - The VC vapor chamber is becoming a standard for high-end devices, with AAC Technologies positioned as a key supplier, benefiting from the rising demand for efficient thermal management solutions in AI smartphones [3] Company Overview - AAC Technologies has achieved full automation in its production processes for VC vapor chambers, providing a competitive edge through complete control over the manufacturing chain [4] - The company has developed various production techniques for different materials used in VC chambers and has a planned monthly capacity of nearly 30 million units, ensuring robust support for large client orders [4] Strategic Transition - AAC Technologies is transitioning from a consumer electronics component supplier to a core hardware platform for AI computing, expanding its market reach into sectors like smart vehicles and AI servers [5] - The company's strategic shift is expected to enhance its valuation as it moves from traditional consumer electronics to high-growth AI infrastructure, supported by partnerships with leading global users [5][6] Market Dynamics - The focus of the market is shifting from short-term performance to the fundamental transformation of AAC Technologies' business model, which is expected to drive structural improvements in profit margins and valuation [6]

Core Insights - Apple's stock price reached an all-time high, boosting the Hong Kong market with significant gains in Apple-related stocks [1] - Strong demand for the new iPhone generation is indicated, with iPhone 17 series sales outperforming the iPhone 16 series in the first ten days of launch [1] Stock Performance Summary - **Highway Electronics (01415)**: Increased by 5.36%, latest price at 33.820, market cap at 29.355 billion, year-to-date increase of 19.51% [2] - **Hongteng Precision (06088)**: Increased by 5.03%, latest price at 5.850, market cap at 42.726 billion, year-to-date increase of 60.27% [2] - **Lens Technology (06613)**: Increased by 5.00%, latest price at 26.900, market cap at 142.148 billion, year-to-date increase of 48.86% [2] - **AAC Technologies (02018)**: Increased by 4.18%, latest price at 40.900, market cap at 48.041 billion, year-to-date increase of 9.77% [2] - **Q Technology (01478)**: Increased by 3.28%, latest price at 14.780, market cap at 17.581 billion, year-to-date increase of 137.24% [2] - **Sunny Optical Technology (02382)**: Increased by 3.94%, latest price at 81.700, market cap at 89.446 billion, year-to-date increase of 19.59% [2] - **Fii Group (02038)**: Increased by 3.62%, latest price at 18.910, market cap at 14.801 billion, year-to-date increase of 105.54% [2] - **BYD Electronics (00285)**: Increased by 3.46%, latest price at 40.100, market cap at 90.354 billion, year-to-date decrease of 3.21% [2]

Core Insights - Apple's stock price reached an all-time high, boosting the share prices of related companies in the Hong Kong market [1] - Strong demand for the new iPhone 17 series is indicated, with sales in the first ten days surpassing those of the iPhone 16 series by 14% in both the US and China [1] Company Performance - Gawei Electronics saw a price increase of 5.36%, with a market capitalization of 293.55 billion and a year-to-date increase of 19.51% [2] - Hongteng Precision rose by 5.03%, with a market cap of 427.26 billion and a year-to-date increase of 60.27% [2] - Lens Technology increased by 5.00%, with a market cap of 1,421.48 billion and a year-to-date increase of 48.86% [2] - AAC Technologies experienced a 4.18% rise, with a market cap of 480.41 billion and a year-to-date increase of 9.77% [2] - Q Technology's stock rose by 3.28%, with a market cap of 175.81 billion and a year-to-date increase of 137.24% [2] - Sunny Optical Technology increased by 3.94%, with a market cap of 894.46 billion and a year-to-date increase of 19.59% [2] - FIH Mobile saw a 3.62% rise, with a market cap of 148.01 billion and a year-to-date increase of 105.54% [2] - BYD Electronics increased by 3.46%, with a market cap of 903.54 billion but a year-to-date decrease of 3.21% [2]

Summary of Key Points Core Viewpoint - On October 17, 42 Hong Kong-listed companies conducted share buybacks, totaling 46.36 million shares and an aggregate amount of HKD 621 million [1][2]. Company-Specific Summaries - **Xiaomi Group-W**: - Repurchased 10.70 million shares for HKD 494 million, with a highest price of HKD 46.760 and a lowest price of HKD 45.900. The total buyback amount for the year reached HKD 1.537 billion [1][2]. - **Sihuan Pharmaceutical**: - Repurchased 15 million shares for HKD 21.76 million, with a highest price of HKD 1.470 and a lowest price of HKD 1.430. The total buyback amount for the year reached HKD 143.32 million [1][2]. - **Mengniu Dairy**: - Repurchased 1.20 million shares for HKD 16.97 million, with a highest price of HKD 14.250 and a lowest price of HKD 14.070. The total buyback amount for the year reached HKD 433.54 million [1][2]. - **AAC Technologies**: - Repurchased 300,000 shares for HKD 11.60 million, with a highest price of HKD 38.800 and a lowest price of HKD 38.480. The total buyback amount for the year reached HKD 84.64 million [1][2]. - **Vitasoy International**: - Repurchased 1.02 million shares for HKD 8.20 million, with a highest price of HKD 8.040 and a lowest price of HKD 8.020. The total buyback amount for the year reached HKD 27.54 million [1][2]. Overall Market Activity - The highest buyback amount on October 17 was from Xiaomi Group-W at HKD 494 million, followed by Sihuan Pharmaceutical at HKD 21.76 million. Other notable companies included Mengniu Dairy and AAC Technologies [1][2]. - In terms of share quantity, Sihuan Pharmaceutical led with 15 million shares repurchased, followed by Xiaomi Group-W with 10.70 million shares and Anton Oilfield Services with 4.49 million shares [1][2].

Core Viewpoint - Multiple companies in China conducted share buybacks on October 17, 2025, with Xiaomi Group-W leading in terms of buyback amount and quantity [1][2] Group 1: Buyback Details - Xiaomi Group-W (01810) repurchased 10.70 million shares for a total of 494 million yuan, with a year-to-date total of 27.30 million shares, representing 0.110% of its total share capital [2] - Four Seasons Pharmaceutical (00460) repurchased 15 million shares for 21.76 million yuan, with a year-to-date total of 59.60 million shares, representing 0.647% of its total share capital [2] - Mengniu Dairy (02319) repurchased 1.20 million shares for 16.97 million yuan, with a year-to-date total of 18.52 million shares, representing 0.473% of its total share capital [2] Group 2: Other Notable Buybacks - VITASOY International (00345) repurchased 1.02 million shares for 8.20 million yuan, with a year-to-date total of 566.60 million shares, representing 0.540% of its total share capital [2] - Zhongtong Express-W (02057) repurchased 445,000 shares for 8.41 million yuan, with a year-to-date total of 5.07 million shares, representing 0.630% of its total share capital [2] - Huazhong Media (00685) repurchased 500,000 shares for 50,000 yuan, with a year-to-date total of 225.60 million shares, representing 0.139% of its total share capital [2]