Core Viewpoint - The Hong Kong stock market experienced a decline, with the Hang Seng Index falling by 1.14% and the Hang Seng Tech Index dropping by 2.45% on October 10th [1] Group 1: Semiconductor Sector - The semiconductor sector in Hong Kong showed weakness, with notable declines in key stocks: SMIC fell over 5%, Fudan Microelectronics and Hua Hong Semiconductor dropped more than 4%, and InnoCare and ChipMOS fell over 3% [1] Group 2: Beverage Sector - In contrast, the beverage sector performed well, with Gu Ming rising over 13%, Mixue Group increasing nearly 6%, and other companies like Hou Shang Ayi, Cha Ba Dao, Uni-President China, and Nongfu Spring also seeing gains [1]

Group 1 - Semiconductor stocks in Hong Kong continue to weaken, with notable declines in major companies [1] - SMIC (Semiconductor Manufacturing International Corporation) fell over 5.5%, indicating significant market pressure [1] - Other companies such as Fudan Microelectronics, InnoLight Technology, and Jingmen Semiconductor also experienced declines of 4%, over 3%, and 2.5% respectively [1]

Group 1 - The Hong Kong stock market's semiconductor stocks experienced a significant decline, following the downward trend of the A-share market, with major companies like SMIC, Hua Hong Semiconductor, and Jingmen Semiconductor dropping over 5% [1] - Specific stock performance includes: - SMIC (00981) down 5.57% to 78.850, with a market cap of 630.797 billion and a year-to-date increase of 147.96% - Hua Hong Semiconductor (01347) down 5.75% to 80.300, with a market cap of 139.357 billion and a year-to-date increase of 270.90% - Jingmen Semiconductor (02878) down 5.08% to 0.560, with a market cap of 1.399 billion and a year-to-date increase of 13.13% - Shanghai Fudan (01385) down 4.30% to 43.200, with a market cap of 35.486 billion and a year-to-date increase of 187.38% [2]

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9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 晶門半導體有限公司 呈交日期: 2025年10月2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) | 02878 | 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 | HKD | | 0.1 | HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.1 | HKD | | 500,000,000 | 第 2 頁 共 10 ...

Core Viewpoint - The semiconductor stocks in Hong Kong experienced a significant increase, with notable gains from major companies such as SMIC and others in the sector [1]. Group 1: Stock Performance - SMIC (00981) rose by 7.98%, reaching a latest price of 85.900, with a total market capitalization of 687.175 billion and a year-to-date increase of 170.13% [2]. - Meijiaxin Holdings (06939) increased by 5.26%, with a latest price of 0.600 and a market cap of 0.0311 billion, showing a year-to-date rise of 31.87% [2]. - Hongguang Semiconductor (06908) saw a 4.76% increase, with a latest price of 0.660 and a market cap of 0.62 billion, but a year-to-date decline of 1.49% [2]. - Xian Sihang (00595) gained 3.85%, with a latest price of 0.405 and a market cap of 0.368 billion, reflecting a year-to-date decrease of 10.99% [2]. - ASMPT (00522) rose by 2.25%, with a latest price of 83.900 and a market cap of 34.941 billion, showing a year-to-date increase of 12.89% [2]. Group 2: Other Notable Stocks - Horizon Robotics (09660) increased by 1.77%, with a latest price of 9.750 and a market cap of 135.343 billion, reflecting a year-to-date increase of 170.83% [2]. - Jingmen Semiconductor (02878) rose by 1.69%, with a latest price of 0.600 and a market cap of 14.99 billion, showing a year-to-date increase of 21.21% [2]. - Beike Micro (02149) increased by 1.42%, with a latest price of 53.600 and a market cap of 3.377 billion, reflecting a year-to-date increase of 97.06% [2].

Core Viewpoint - The semiconductor sector continues its upward trend, driven by significant developments in AI technology and favorable market conditions for memory chips [1] Group 1: Stock Performance - Semiconductor stocks have shown notable gains, with Huahong Semiconductor rising by 5.48% to HKD 76.05, SMIC increasing by 3.73% to HKD 79.35, Shanghai Fudan up by 3.28% to HKD 44.14, and Jingmen Semiconductor gaining 1.72% to HKD 0.59 [1] Group 2: Industry Developments - Alibaba Group's CEO announced a major upgrade to Alibaba Cloud's full-stack AI system on September 24, enhancing technology from AI models to infrastructure [1] - On September 27, the IPO application of Moore Threads was approved, marking the fastest approval time for a new company in this year's Sci-Tech Innovation Board [1] - The semiconductor industry is experiencing expansion plans with Changxin expected to go public by the end of the year and Changchun anticipated to list next year, indicating positive catalysts for the sector [1] Group 3: Market Trends - Huaxin Securities reports that after the price increase of DDR4, memory prices continue to rise, indicating a new cycle for memory chips [1] - The era of domestic AI chips is emerging, with a complete domestic AI industry chain established from advanced processes to packaging, and major companies like ByteDance, Alibaba, and Tencent accelerating model upgrades [1]

Core Viewpoint - Hong Kong chip stocks experienced a notable increase on September 29, with several companies showing significant gains in their stock prices [1] Company Performance - Jingmen Semiconductor (02878.HK) rose by 7.14%, reaching HKD 0.6 [1] - Huahong Semiconductor (01347.HK) increased by 5.42%, trading at HKD 71.95 [1] - SMIC (00981.HK) saw a rise of 2.67%, with shares priced at HKD 74.9 [1] - Shanghai Fudan (01385.HK) gained 2.25%, with a stock price of HKD 42.68 [1]

Group 1 - Semiconductor stocks have risen significantly, with notable increases in companies such as Jingmen Semiconductor (+7.14% to HKD 0.6), Huahong Semiconductor (+5.42% to HKD 71.95), SMIC (+2.67% to HKD 74.9), and Shanghai Fudan (+2.25% to HKD 42.68) [1] - Moer Thread's IPO application has been approved, marking the shortest time from submission to approval among this year's new companies on the Sci-Tech Innovation Board, with plans to raise CNY 8 billion for various AI and graphics chip development projects [1] - The semiconductor equipment sector is experiencing strong performance, driven by increased demand for storage due to AI data centers and ongoing domestic substitution trends, indicating a new growth phase for the equipment industry [1] Group 2 - The focus on domestic substitution and technological breakthroughs is emphasized as key areas for investment, with major storage manufacturers initiating new projects and expanding advanced logic production [1]

Core Viewpoint - The Hong Kong chip stocks continue their recent upward trend, with notable gains in several companies as of September 25. Group 1: Company Performance - Hua Hong Semiconductor (01347.HK) increased by 5.61%, reaching HKD 66.8 [1] - China Electric Power Technology (00085.HK) rose by 2.5%, trading at HKD 1.64 [1] - Jingmen Semiconductor (02878.HK) saw a gain of 1.92%, priced at HKD 0.53 [1] - SMIC (00981.HK) experienced a 1.63% increase, with shares at HKD 78 [1]

Core Viewpoint - The semiconductor stocks continue their recent upward trend, driven by significant investments in AI infrastructure and rising prices in chip manufacturing processes [1] Group 1: Semiconductor Stock Performance - Huahong Semiconductor (01347) increased by 5.61%, reaching HKD 66.8 [1] - China Electronics Huada Technology (00085) rose by 2.5%, reaching HKD 1.64 [1] - Jingmen Semiconductor (02878) gained 1.92%, priced at HKD 0.53 [1] - SMIC (00981) saw a rise of 1.63%, with shares at HKD 78 [1] Group 2: AI Infrastructure Investment - Alibaba Group's CEO announced a proactive investment of CNY 380 billion in AI infrastructure, with plans for even greater investments [1] - By 2032, the energy consumption of Alibaba Cloud's global data centers is expected to increase tenfold compared to 2022 [1] - Goldman Sachs highlighted a clearer long-term demand growth outlook for AI chips in China, benefiting leading domestic foundries like SMIC [1] Group 3: Price Increases in Chip Manufacturing - TSMC plans to raise prices for its 3nm and 2nm process nodes, with a potential increase of at least 50% for the 2nm process compared to the 3nm [1] - Samsung has significantly raised prices for memory and flash products, with DRAM prices increasing by up to 30% and NAND flash prices rising by 5%-10% [1] - Major companies like Micron Technology and SanDisk have also announced similar price increase strategies [1]