Core Viewpoint - Apple-related stocks have generally risen following a meeting between Apple's CEO Tim Cook and China's Minister of Industry and Information Technology, Li Lecheng, where they discussed Apple's business development in China and cooperation in the electronic information sector [1] Group 1: Stock Performance - Hongteng Precision (06088) increased by 4.23%, trading at HKD 5.92 [1] - Sunny Optical Technology (02382) rose by 3.44%, trading at HKD 79.7 [1] - Q Technology (01478) saw a 3.29% increase, trading at HKD 15.09 [1] - Lens Technology (06613) gained 2.15%, trading at HKD 26.56 [1] Group 2: Business Development and Cooperation - Tim Cook expressed gratitude for the support from the Ministry of Industry and Information Technology regarding Apple's development in China and indicated plans to increase investment in the region [1] - The discussion focused on enhancing cooperation in the electronic information field to achieve mutually beneficial development [1] Group 3: Industry Insights - Huafu Securities noted that the impact of tariffs on Apple’s supply chain equipment companies should not be overestimated, as Apple has strict requirements for its suppliers [1] - Domestic supply chain companies are deemed irreplaceable, and Apple may allocate more resources towards flexible automation, 3D printing, and new technologies to reduce costs and improve efficiency [1] - There is potential for accelerated promotion of high-end models, foldable screens, and smart glasses, which would benefit the establishment and upgrading of related production lines [1]

Core Viewpoint - CITIC Securities maintains a "Buy" rating for Hongteng Precision (06088), projecting revenue growth from $4.78 billion in 2025 to $7.53 billion in 2027, with net profit increasing from $170 million to $450 million during the same period [1] Financial Performance - In the first half of 2025, the company reported revenue of $2.305 billion, representing a year-on-year increase of 11.5% [1] - The profit attributable to the company's owners was $31.51 million, showing a decline of 3.1% year-on-year [1] Strategic Initiatives - The company is deepening its "3+3" strategic layout, with significant contributions from AI and electric vehicle sectors driving revenue growth [1] - AI development is enhancing infrastructure construction, focusing on connectivity, power supply, and liquid cooling systems to strengthen the AI product portfolio [1] Future Outlook - The company is expected to benefit from the ongoing development of AI, with early signs of performance improvement already visible [1] - As the business scales and efficiency continues to improve, the company's profitability is anticipated to enhance in the future [1]

Core Viewpoint - CITIC Securities maintains a "Buy" rating for Hongteng Precision (06088), projecting revenue growth from 4.78 billion USD in 2025 to 7.53 billion USD in 2027, with net profit increasing from 170 million USD to 450 million USD during the same period [1] Financial Performance - In the first half of 2025, the company reported revenue of 2.305 billion USD, reflecting an 11.5% year-on-year growth [1] - The profit attributable to the company's owners was 31.51 million USD, showing a decline of 3.1% compared to the previous year [1] Strategic Initiatives - The company is deepening its "3+3" strategic layout, with significant contributions from AI and electric vehicle sectors driving revenue growth [1] - AI development is enhancing the infrastructure for computing power, with a focus on connectivity, power supply, and liquid cooling systems, which is expected to expand the business's reach [1] Future Outlook - The AI business is already beginning to positively impact the company's performance, with expectations for further strengthening in the future [1] - As the business scales and efficiency improvements continue, the company's profitability is anticipated to increase [1]

Group 1 - Hong Kong's Hang Seng Index fell by 3.49%, down 916 points, closing at 25,373 points, while the Hang Seng Tech Index dropped by 4.54%. The morning trading volume reached HKD 281.8 billion [1] - Jinli Permanent Magnet (06680) surged over 12% as a rare earth giant announced price increases, with institutions optimistic about the strengthening strategic position of rare earths [1] - Semiconductor stocks rose against the trend, with Huahong Semiconductor (01347) increasing by 3.6%, driven by escalating competition in the technology sector and multiple catalysts for the semiconductor industry [1] - Kingsoft (03888) saw a rise of over 18% at one point, closing up over 9%, as external frictions escalate, highlighting the trend towards self-controlled industries and investment opportunities in the Xinchuang sector [1] - Gold stocks mostly rose due to risk aversion, with spot gold breaking through USD 4,060. Zijin Mining International (02259) increased by 4.6%, and Chifeng Jilong Gold Mining (06693) rose by 2.5% [1] Group 2 - MicroPort Scientific-B (02252) rose over 2% as its commercialization process accelerated, with overseas orders exceeding 60 units [2] Group 3 - Liqin Resources (02245) increased by over 5% following the implementation of cobalt export quotas in the Democratic Republic of Congo [3] - China Merchants Energy (01138) rose over 4% due to seasonal demand and event disturbances, with institutions expecting stronger freight rates [3] - Domestic insurance stocks fell across the board, with Tianan Insurance announcing a debt default of CNY 5.3 billion, which institutions suggest may mark the beginning of market-driven risk pricing. New China Life Insurance (01336) fell by 5%, China Pacific Insurance (02328) by 3.9%, and China Taiping Insurance (02601) by 3.6% [3] Group 4 - Pharmaceutical stocks continued their recent downward trend, with Junshi Biosciences (01877) dropping nearly 10.6% and Kanglong Chemical (03759) falling over 9% [4] Group 5 - Apple-related stocks experienced significant declines, with Hongteng Precision (06088) dropping over 10%, as institutions stated that the impact of tariffs on the supply chain should not be overestimated [5]

消息面上，美方日前宣布将对中方加征100%关税。招商证券认为，应将本次威胁关税视为筹码而非目 的，100%关税落地概率较低。华福证券表示，关税对果链设备公司的影响不应被高估，苹果对供应商 的要求极为严格，国内果链公司具备不可替代性。 值得注意的是，Counterpoint此前发布报告称，2025年第三季度前八周，中国智能手机市场销量同比下 降2%，这与期内促销活动和国家补贴政策加剧了中高端市场的竞争且消费者更倾向购买中高端产品有 关。该机构预计，2025年第三季度中国智能手机市场将小幅下跌，而全年表现大体持平。 苹果概念股跌幅居前，截至发稿，鸿腾精密(06088)跌9.33%，报5.83港元；高伟电子(01415)跌5.7%，报 34.42港元；丘钛科技(01478)跌4.91%，报15.1港元；比亚迪（002594）电子(00285)跌4.59%，报39.52港 元。 ...

Core Viewpoint - The Hong Kong stock market saw significant declines in Apple-related stocks on October 13, with notable drops in several companies' share prices [1] Group 1: Company Performance - Hong Teng Precision (06088.HK) experienced a decline of 9.33%, trading at 5.83 HKD [1] - Gao Wei Electronics (01415.HK) fell by 5.7%, with shares priced at 34.42 HKD [1] - Qiu Tai Technology (01478.HK) saw a decrease of 4.91%, trading at 15.1 HKD [1] - BYD Electronics (00285.HK) dropped by 4.59%, with shares at 39.52 HKD [1]

Core Viewpoint - Apple-related stocks have experienced significant declines, with various companies showing notable drops in their stock prices due to recent tariff announcements from the U.S. government [1] Group 1: Stock Performance - Hongteng Precision (06088) fell by 9.33%, trading at 5.83 HKD [1] - Gao Wei Electronics (01415) decreased by 5.7%, trading at 34.42 HKD [1] - Qiutai Technology (01478) dropped by 4.91%, trading at 15.1 HKD [1] - BYD Electronics (00285) declined by 4.59%, trading at 39.52 HKD [1] Group 2: Tariff Impact - The U.S. has announced a 100% tariff on Chinese goods, but analysts from招商证券 suggest that this should be viewed as a bargaining chip rather than a definitive outcome, indicating a low probability of the tariff being implemented [1] - 华福证券 emphasizes that the impact of tariffs on Apple’s supply chain companies should not be overstated, as Apple has strict requirements for its suppliers, and domestic companies in the supply chain are irreplaceable [1] Group 3: Market Trends - Counterpoint's report indicates that the Chinese smartphone market saw a 2% year-on-year decline in sales during the first eight weeks of Q3 2025, attributed to intensified competition in the mid-to-high-end market and consumer preference for higher-end products [1] - The same report forecasts a slight decline in the Chinese smartphone market for Q3 2025, with overall performance expected to remain stable for the year [1]

Group 1: Hong Kong Stock Market Highlights - Jinli Permanent Magnet (06680) rose over 5%, with institutions optimistic about valuation and performance in the rare earth sector [1] - Heyu-B (02256) increased by more than 7%, as the upcoming launch of Pimiatin is expected to provide continuous sales revenue [1] - Sa Sa International (00178) saw a rise of over 6%, with a 8.4% year-on-year increase in revenue for the second fiscal quarter [1] - Gold stocks continued their recent upward trend, with Chifeng Jilong Gold Mining (06693) up over 14% and Zijin Mining International (02259) up over 7% [1] - Xinjiang Xin Mining (03833) surged over 17%, with the company announcing a near doubling of stock price after its return to A-shares [1] Group 2: U.S. Stock Market Highlights - AMD (AMD.US) rose 3.83% after announcing a 6 GW computing power agreement with OpenAI for future AI infrastructure [3] - Trilogy Metals (TMQ.US) skyrocketed 211% following the U.S. government's announcement to acquire a 10% stake in the company [3] - AppLovin (APP.US) increased by 7.64%, amid reports of an SEC investigation regarding its advertising practices [3] - Ford Motor Company (F.US) fell 6.14% due to a significant fire at a key production facility, expected to halt operations until next year [4] - Soluna Holdings (SLNH.US) surged 12.78%, reporting an increase in mining capacity from 526 PH/s in August to 658 PH/s in September [4]

Group 1 - The Hong Kong stock market saw a collective decline in the cloud computing sector on October 8, with significant drops in major companies [1] - Hong Teng Precision (06088.HK) experienced a decrease of 5.24%, trading at 6.51 HKD [1] - Alibaba-W (09988.HK) fell by 3.27%, with shares priced at 174.6 HKD [1] - Kingsoft (03888.HK) saw a decline of 3.25%, trading at 32.78 HKD [1] - New Oriental Education Group (01686.HK) dropped by 1.45%, with shares at 6.8 HKD [1]

Group 1 - The cloud computing sector experienced a significant decline, with notable drops in stock prices for companies such as Hongteng Precision (-5.24% to HKD 6.51), Alibaba (-3.27% to HKD 174.6), Kingsoft (-3.25% to HKD 32.78), and Neway Group (-1.45% to HKD 6.8) [1] - Internal documents revealed that Oracle's server leasing revenue for the last fiscal quarter ending in August was USD 900 million, with a gross profit of USD 125 million [1] - The documents also indicated that Oracle incurred a loss of approximately USD 100 million in its leasing operations related to NVIDIA's Blackwell [1] Group 2 - On Tuesday, Oracle's stock price fell by as much as 7.1% during trading, ultimately closing down about 2.5%, which negatively impacted the performance of the AI industry chain in the US stock market [1]