芯片股午前普遍走高，中芯国际（00981）上涨6.67%，报60港元；上海复旦（01385）上涨5.33%，报 36.76港元；华虹半导体（01347）上涨2.84%，报54.25港元；晶门半导体（02878）上涨2%，报0.51港 元。 来源：新浪港股 ...

Group 1 - Semiconductor stocks in Hong Kong showed strong performance, with notable gains in several companies [1] - Shun Tai Holdings surged over 18%, while SMIC and Shanghai Fudan both increased by over 8% [1][2] - Other companies like Jingmen Semiconductor, Huahong Semiconductor, and Hongguang Semiconductor also experienced significant increases, ranging from 3% to 6% [1][2] Group 2 - Shun Tai Holdings (code: 01335) rose by 18.32% to a price of 0.155, with a total market capitalization of 3.77 billion [2] - SMIC (code: 00981) increased by 8.98% to 61.300, with a market cap of 4895.62 billion [2] - Shanghai Fudan (code: 01385) saw an 8.77% rise to 37.960, with a market value of 311.81 billion [2] - Jingmen Semiconductor (code: 02878) gained 6.00% to 0.530, with a market cap of 13.24 billion [2] - Huahong Semiconductor (code: 01347) increased by 5.78% to 55.800, with a total market value of 965.05 billion [2] - Hongguang Semiconductor (code: 06908) rose by 3.33% to 0.620, with a market cap of 5.82 billion [2]

Group 1 - Semiconductor stocks in Hong Kong continued their recent momentum, with Shanghai Fudan rising by 7.68%, SMIC by 7.02%, Hua Hong Semiconductor by 4.27%, and Jingmen Semiconductor by 4% [1][2] - According to TrendForce, the proportion of imported chips in China's AI server market is expected to decrease from 63% in 2024 to 42% by 2025, while domestic chip suppliers' share is projected to rise to 40%, indicating a trend towards domestic substitution [2] - The Chinese government recently issued opinions on the implementation of the "Artificial Intelligence +" initiative, emphasizing the integration of AI-driven technology research and development, which is expected to benefit the semiconductor and domestic computing sectors [3] Group 2 - Shanghai Fudan reported a revenue of 1.839 billion yuan for the first half of 2025, a year-on-year increase of 2.49%, but net profit fell by 44.38% to 194 million yuan [4] - Despite the decline in profit, Shanghai Fudan's stock price surged, reaching an intraday increase of nearly 11% [4]

Group 1 - Semiconductor stocks experienced a rise in early trading, with Shanghai Fudan up 6.88% at HKD 37.3, SMIC up 5.6% at HKD 59.4, Jingmen Semiconductor up 4% at HKD 0.52, and Huahong Semiconductor up 2.56% at HKD 54.1 [1] - According to TrendForce, the proportion of foreign-sourced chips from companies like Nvidia and AMD in China's AI server market is expected to decrease from 63% in 2024 to 42% by 2025, while domestic chip suppliers' share is projected to rise to 40% [1] - Tianfeng Securities believes that the semiconductor, domestic computing power, and self-controllable sectors will remain long-term trends, especially amid ongoing uncertainties in US-China trade policies regarding AI computing power chips [1] Group 2 - Domestic large model development companies and internet platforms are expected to gradually increase their procurement and usage of domestic chips, creating growth opportunities for domestic chip suppliers and their supporting industry chain [1]

Core Viewpoint - Semiconductor stocks experienced a significant rise, indicating positive market sentiment and potential growth in the sector driven by domestic chip suppliers and AI server market trends [1] Group 1: Stock Performance - Shanghai Fudan (01385) increased by 6.88%, reaching HKD 37.3 - SMIC (00981) rose by 5.6%, trading at HKD 59.4 - Jingmen Semiconductor (02878) saw a 4% increase, priced at HKD 0.52 - Huahong Semiconductor (01347) gained 2.56%, with a price of HKD 54.1 [1] Group 2: Market Trends - According to TrendForce, the proportion of foreign-sourced chips in China's AI server market is expected to decrease from 63% in 2024 to 42% by 2025 - Domestic chip suppliers are projected to increase their market share to 40%, indicating a strong trend towards domestic substitution [1] Group 3: Industry Outlook - Tianfeng Securities emphasizes that the semiconductor, domestic computing power, and self-controllable sectors will remain long-term trends - In light of ongoing uncertainties in US-China trade policies regarding AI computing chips, domestic model development companies and internet platforms are expected to gradually increase their procurement and usage of domestic chips - This shift is likely to create development opportunities for domestic chip suppliers and their supporting industry chain [1]

Group 1 - Semiconductor stocks continue their recent upward trend, with notable increases in share prices: SMIC (00981) up 5.52% to HKD 59.3, Jingmen Semiconductor (02878) up 4% to HKD 0.52, Fudan Shanghai (01385) up 2.66% to HKD 34.7, and Huahong Semiconductor (01347) up 2.26% to HKD 54.4 [1] - Deepseek officially released the DeepSeek-V3.1 version, which utilizes UE8M0 FP8 Scale parameter precision, designed for the upcoming generation of domestic chips, indicating potential for large-scale application of domestic chips [1] - Dongfang Securities highlights that the new generation of domestic chips is beginning to support FP8, including models like Muxi 690, Chip Origin VIP9000, Cambricon 690, Moore Thread MUSA 3.1 GPU, and Haiguang Deep Computing No. 3 [1] Group 2 - The firm believes that with advancements in domestic AI chip design technology and manufacturing processes, along with the ongoing development of domestic large models and their compatibility with domestic chips, the market share of domestic computing power is expected to continue increasing [1] - The ongoing bullish trend in domestic chips is anticipated to persist, driven by improvements in technology and market dynamics [1]

Group 1 - Nongfu Spring (09633) reported a 22% year-on-year increase in net profit for the six months ending June 30, 2025, with packaged drinking water revenue growing by 10.7% [1] - Gu Ming (01364) saw a more than 120% year-on-year increase in net profit for the same period, with steady expansion in store count and impressive GMV performance [1] - China Longgong (03339) reported a 37.83% year-on-year increase in net profit, with the loader business being the largest contributor to revenue and profit [1] - AI concept stocks generally rose, with SenseTime (00020) up over 11% and Fourth Paradigm (06682) up over 9%, following the State Council's release of opinions on implementing "AI+" actions [1] - Cao Cao Mobility (02643) reported a 53.5% year-on-year increase in net profit, with gross margin improving from 7.0% to 8.4% [1] Group 2 - H&H International Holdings (01112) experienced a nearly 77% year-on-year decrease in net profit and proposed an interim dividend of HKD 0.19 per share [2] - NIO (09866) saw its stock price rise over 6% this month, benefiting from strong orders for the Onvo L90 and ES8 SUV models [2] - Chip stocks continued their upward trend, with SMIC (00981) up over 6% and Huahong Semiconductor (01347) up over 3%, as institutions remain optimistic about the domestic chip market [2] - Beike (02423) reported a 7.2% year-on-year decrease in net profit for the mid-year results, with Nomura indicating that its third-quarter guidance was below expectations [2] Group 3 - Gaotu (GOTU.US) reported a more than 37% year-on-year increase in revenue for Q2, alongside a new stock buyback plan worth up to USD 100 million [3] - NIO (NIO.US) rose 10.02% as Morgan Stanley highlighted strong orders for the ES8 and a shift in market sentiment towards next year's models [3] - XPeng Motors (XPEV.US) increased by 5.46% as it announced the official launch of the new P7 model on August 27 [3] - Boeing (BA.US) rose 3.51% after Korean Air announced a purchase order for aircraft valued at approximately USD 36.5 billion [4]

芯片股延续近期涨势，上海复旦（01385）上涨13.25%，报38.28港元；中芯国际（00981）上涨6.41%， 报59.80港元；晶门半导体（02878）上涨6%，报0.53港元；华虹半导体（01347）上涨4.23%，报55.45 港元。 来源：新浪港股 ...

Group 1 - Semiconductor stocks continue their recent upward trend, with notable increases in share prices: SMIC up 5.52% to HKD 59.3, GlobalFoundries up 4% to HKD 0.52, Fudan Microelectronics up 2.66% to HKD 34.7, and Hua Hong Semiconductor up 2.26% to HKD 54.4 [1] - Deepseek officially released the DeepSeek-V3.1 version, which utilizes UE8M0 FP8 Scale parameter precision, indicating advancements in the design of next-generation domestic chips that are expected to see large-scale application [1] - Dongfang Securities highlights that the new generation of domestic chips is beginning to support FP8, including models such as Muxi 690, Chip Origin VIP9000, Cambricon 690, Moore Threads MUSA 3.1 GPU, and Haiguang Deep Computing No. 3 [1] Group 2 - The firm believes that with improvements in domestic AI chip design technology and manufacturing processes, along with the ongoing development of domestic large models and their compatibility with domestic chips, the market share of domestic computing power is expected to continue to rise [1] - The ongoing bullish trend in domestic chips is anticipated to persist, driven by advancements in technology and increasing market demand [1]

Market Performance - The Hong Kong stock market indices continued to rise in the afternoon, with a notable increase in market sentiment, showing a rebound after an initial decline this week [1] - The Hang Seng Tech Index surged by 2.71%, leading the gains, while the Hang Seng Index and the National Enterprises Index rose by 0.93% and 1.17% respectively, with the National Index returning above the 9000-point mark [1] Sector Performance - Major technology stocks experienced a collective rally in the afternoon, with Kuaishou rising over 4%, Xiaomi increasing by 2.34%, Alibaba up by 2%, and Tencent and Meituan both gaining over 1% [1] - Semiconductor stocks were significantly boosted by two news items, with Huahong Semiconductor soaring nearly 18%, SMIC rising by 10%, and Jingmen Semiconductor and Beike Micro both increasing by over 10% [1] - Other sectors such as military, robotics, automotive, stablecoin, dining, paper, and various others also saw upward movements [1] Underperforming Sectors - Despite the overall market gains, certain sectors faced declines, particularly in the airline industry where the occupancy rate slightly decreased month-on-month, leading to a marginal improvement in airline revenue levels [1] - China National Airlines experienced a significant drop of over 5%, while sectors such as copper, brain-computer interface, coal, photovoltaic, gambling, and home appliances mostly performed poorly [1]