Group 1 - Zhipu (02513) saw a rise of over 5% after announcing a collaboration with Huawei to open-source a new image generation model, GLM-Image, which is the first SOTA multimodal model fully trained on domestic chips [1] - Yuanxu Technology (08637) resumed trading with a nearly 14% increase, currently up 9.44%, as it considers dual primary listings on the Hong Kong and Singapore exchanges to enhance its corporate image and shareholder base [1] - Weichai Power (02338) increased by over 4%, with a month-to-date gain exceeding 20%, as it announced the completion of laboratory research on industry-leading solid-state batteries and is accelerating SOFC capacity enhancement to meet customer demand [1] Group 2 - Woan Robotics (06600) rose over 8.27% after launching the humanoid intelligent robot "onero" designed for real family scenarios at CES [2] - Zhejiang Shibao (01057) increased by over 4.8% following the release of a plan to promote autonomous driving technology innovation and industrial competitiveness [2] - China Rare Earth Holdings (03788) fell over 8.24% after announcing a strategic adjustment to focus resources on the Mt Bundy gold mine project and terminate plans for a spin-off listing of its gold business [2] Group 3 - Lithium battery stocks continued to rise, with Hongqiao Group (08137) up 4.17%, Ganfeng Lithium (01772) up 5.16%, Tianqi Lithium (09696) up 3.94%, and CATL (03750) up 0.83%, following an announcement to reduce the VAT export rebate rate for battery products from 9% to 6% starting April 1 [3] - Valiant Pharmaceuticals (09887) saw a nearly 1% increase after announcing that its dual-specific antibody LBL-024 received fast track designation from the FDA for treating pulmonary neuroendocrine carcinoma [3] - Jinyu Group (02009) dropped over 6.9% after projecting a net loss of 900 million to 1.2 billion yuan for the fiscal year 2025 [4] Group 4 - SF Express (06936) and Jitu Express (01519) opened higher, with SF Express up 2.26% and Jitu Express up 0.26%, after announcing a strategic mutual shareholding agreement involving an investment of 8.3 billion HKD [4] - In the US stock market, AI application software stocks experienced declines, with Applovin (APP.US) down 7.61% and Shopify (SHOP.US) down 5.93% [5] - Bilibili (BILI.US) rose 6.18% after its COO addressed a marketing conference, highlighting strong consumer demand that has driven advertising revenue growth [5] Group 5 - Cryptocurrency-related stocks saw gains, with Strategy (MSTR.US) up 3.66% and Coinbase (COIN.US) up 1.25%, as Bitcoin prices reached a two-month high [6] - Alibaba (BABA.US) increased by 1.73% after reports indicated that its Qianwen app surpassed 100 million monthly active users within two months of launch [6]

Market Overview - The Hang Seng Index fell by 0.55%, down 149 points, closing at 26,850 points, while the Hang Seng Tech Index dropped by 1.83% [1] - The trading volume in the Hong Kong stock market reached HKD 163.9 billion in the morning session [1] Company Highlights - Jiexin International Resources (03858) rose over 5%, reaching a new high as black tungsten ore prices surpassed 500,000 yuan, prompting several tungsten companies to raise long-term contract prices [1] - Likin Resources (02245) increased by over 10% due to disruptions in Indonesian nickel ore quotas, while Zhongwei New Materials (02579) gained over 9% [1] - China Rare Earth Holdings (03788) experienced significant volatility, rising by 8% after announcing the termination of its spin-off listing plan and plans to rename itself "Rare Earth Gold" [1] - Ocean Park Hong Kong (02255) surged over 10%, with visitor numbers on the first day of the New Year holiday increasing by 60% year-on-year [1] - Zhipu (02513) rose over 4% after announcing a collaboration with Huawei to open-source a new generation image generation model [1] - China Heartland Fertilizer (01866) increased by over 4%, anticipating a potential global urea supply shortage, and has been actively repurchasing shares [1] - Woan Robotics (06600) gained over 7% following the release of its humanoid intelligent robot, Onero [1] - Jiantao Laminates (01888) saw a nearly 6% increase after announcing a price hike, which is expected to become a trend in the copper-clad laminate industry [1] - Qiu Tai Technology (01478) declined over 7% as Citigroup reported that the company's net profit last year fell below expectations [1] Other Notable Movements - Kanglong Chemical (03759) dropped over 5% after announcing a placement of shares at an 8.5% discount, aiming to raise nearly HKD 1.32 billion [2] - Trip.com Group (09961) plummeted over 19% due to an investigation by the State Administration for Market Regulation for alleged monopoly practices, while Same City Travel (00780) fell over 11% [2]

Core Viewpoint - The stock of Woan Robotics (06600) has increased by over 11%, currently trading at 116 HKD with a transaction volume of 25.08 million HKD, following the launch of their humanoid intelligent robot, onero, at CES [1] Group 1: Product Launch - Woan Robotics has officially launched the humanoid intelligent robot, onero, designed specifically for real family scenarios [1] - The onero robot utilizes a VLA (Visual-Language-Action) model, integrating multi-modal perception, understanding, and action generation capabilities [1] - The robot is capable of performing household chores such as laundry, dishwashing, cooking, and organizing [1] Group 2: New Initiatives - On January 10, the world's first robotic tennis training center, "Cloud Hall," officially began trial operations in Shenzhen Bao'an [1] - Woan Robotics has introduced the Acemate, the world's first AI tennis robot, to provide sports enthusiasts with a robotic training partner [1]

Core Viewpoint - Woan Robotics (06600) has seen a significant stock increase of over 11%, currently trading at 116 HKD with a transaction volume of 25.08 million HKD, following the launch of its humanoid robot, onero, at CES [1] Group 1: Product Launch - Woan Robotics has officially launched the humanoid embodied intelligent robot, onero, designed specifically for real household scenarios [1] - The onero robot utilizes a VLA (Visual-Language-Action) model, integrating multi-modal perception, understanding, and action generation capabilities [1] - The robot is capable of performing various household chores such as laundry, dishwashing, cooking, and organizing [1] Group 2: Market Expansion - On January 10, the world's first robotic tennis training facility, the "Cloud Hall" at Shenzhen Baoan Super Net Center, commenced trial operations [1] - Woan Robotics has introduced the Acemate, the world's first AI tennis robot, to provide sports enthusiasts with a robotic training partner [1]

致：香港交易及結算所有限公司 公司名稱: 臥安機器人（深圳）股份有限公司 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12月31日 狀態: 新提交 備註： 臥安機器人（深圳）股份有限公司的H股股份於2025年12月30日於香港聯合交易所有限公司主板上市。於此處「上月底結存」之資料是指「於2025年12月30日上市時之結存」。因本公司是於中華 人民共和國註冊成立的公司，「法定股本」之概念不適用於本公司，上述資料是指本公司的「註冊股本」。 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06600 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 222,2 ...

Core Insights - The Hong Kong Stock Exchange (HKEX) achieved a record IPO fundraising total of HKD 285.69 billion in 2025, marking a 224% increase from 2024 and reclaiming the top position globally for IPO fundraising after four years [2] - A total of 119 companies went public in Hong Kong in 2025, representing a 68% year-on-year increase, with eight companies raising over HKD 10 billion each [2] - The strong performance of the IPO market was significantly driven by 19 A-share companies that raised a combined HKD 139.99 billion, nearly half of the total IPO fundraising for the year [2] Company Highlights - Contemporary Amperex Technology Co., Limited (CATL) emerged as the top fundraiser with HKD 41.01 billion, ranking second globally in IPO fundraising [2] - Other notable companies that made it to the global top ten IPO list include Zijin Mining International, SANY Heavy Industry, and Seres [2] - The successful IPOs in the technology and consumer sectors, including AI pharmaceuticals and robotics, indicate strong market demand for high-quality listings [3] Market Outlook - Institutions maintain an optimistic outlook for the 2026 Hong Kong IPO market, with projections from PwC estimating fundraising could reach between HKD 320 billion to HKD 350 billion, while Deloitte and Credit Suisse expect it to exceed HKD 300 billion [3]

Key Points - A total of 113 stocks reached a 52-week high as of January 5, with notable performers including Woan Robotics (06600), China New Holdings (08125), and Dimi Life Holdings (01667) [1] - Woan Robotics achieved a high rate of 26.54%, closing at 110.000 and peaking at 118.000 [1] - China New Holdings and Dimi Life Holdings followed with high rates of 24.62% and 18.60%, respectively [1] Stock Performance Summary - **Top Performers**: - Woan Robotics (06600): Closed at 110.000, highest price 118.000, high rate 26.54% [1] - China New Holdings (08125): Closed at 0.800, highest price 0.810, high rate 24.62% [1] - Dimi Life Holdings (01667): Closed at 0.480, highest price 0.510, high rate 18.60% [1] - **Other Notable Stocks**: - XL Nanshan Samsung (07747): High rate 15.99%, closed at 44.240 [1] - XL Nanshan Samsung-U (09747): High rate 15.64%, closed at 5.625 [1] - Gaoke Bridge (09963): High rate 15.44%, closed at 1.560 [1] 52-Week Low Summary - **Top Decliners**: - Different Group (06090): Closed at 66.300, lowest price 64.750, low rate -26.50% [4] - XI Nanshan Samsung (07347): Low rate -15.96%, closed at 0.835 [4] - XI Nanshan Samsung-U (09347): Low rate -14.96%, closed at 0.108 [4] - **Other Notable Decliners**: - Huazhi Bio-B (02396): Low rate -13.80%, closed at 13.700 [4] - Easy Life Holdings (00223): Low rate -10.00%, closed at 0.124 [4] - Hongyang Real Estate (01996): Low rate -10.00%, closed at 0.028 [4]

Group 1: Neuralink and Brain-Computer Interface Stocks - Neuralink, founded by Elon Musk, plans to start large-scale production of brain-computer interface devices in 2026, leading to a significant surge in related stocks [1] - Nanjing Panda Electronics (00553) saw a rise of over 44%, while other companies like Xinwei Medical-B (06609), Micron Brain Science (02172), and Brainhole Laser-B (06681) increased by 11.90%, 17%, and 19.8% respectively [1] Group 2: Pharmaceutical Sector Performance - The pharmaceutical sector showed strong performance, with China's innovative drug licensing exceeding $100 billion last year [1] - Companies such as Gilead Sciences-B (01672), Cloudtop New Medicine (01952), and Innovent Biologics (01801) experienced stock increases of 8.85%, 5.65%, and 6.28% respectively [1] Group 3: Robotics and Technology Stocks - Woan Robotics (06600) saw its stock rise by over 27%, with a midday increase of 19.57% as it prepares to launch its first humanoid household robot [1] - The company reported a compound annual growth rate of 49% in revenue over the past three years [1] Group 4: Other Notable Stock Movements - Kuaishou-W (01024) increased by over 9%, with foreign investors optimistic about its revenue outlook for next year [1] - Fuhong Hanlin (02696) rose by 7% after three of its innovative cancer drugs received IND acceptance [1] - Kelun-Biotech (06990) gained over 7% following the approval of its clinical trial application for the new drug ITGB6 ADC SKB105 [2] - The Golden Group (03939) increased by 3.94% due to the successful implementation of key projects at the Solomon Gold Mine [3]

Core Viewpoint - The announcement highlights the upcoming IPO of the company's associate, Woan Robotics, which is expected to significantly impact the company's net profit in 2025. Group 1: Company Announcement - On January 4, the company announced that its associate, Woan Robotics, will be listed on the Hong Kong Stock Exchange on December 30, 2025, with an expected impact of approximately 52 million yuan on the company's net profit for 2025 [1] - Woan Robotics, recognized as the largest AI embodied home robot system provider globally, will issue 22.22 million shares at a price of 73.8 HKD per share, resulting in a market capitalization exceeding 16 billion HKD on the listing day [3] Group 2: Financial Impact - The shares held by the company in Woan Robotics are classified as "financial assets measured at fair value with changes recognized in profit or loss," expected to contribute approximately 54.20% to the company's audited net profit for 2024 [3] - The shares held through other funds are classified as "other equity instrument investments," which are not expected to have a significant impact on the company's 2025 operating performance but may positively influence future performance [3] Group 3: Broader Market Context - In 2025, the company achieved multiple listings of its investee companies across various stock exchanges, demonstrating its strategic vision and resilience in capital management [4] - The company’s subsidiary, Dacheng Caizhi, was ranked seventh in the 2025 China Venture Capital Institution list by Qianhai Capital Group, managing nearly 66 billion yuan across over 800 companies [4]

Group 1 - The stock of Woan Robotics (06600.HK) surged over 27%, reaching a new high of 118 HKD, which is nearly a 60% increase from the IPO price of 73.8 HKD [2] - As of the latest update, the stock is up 16.3%, trading at 107 HKD, with a transaction volume of 55.9749 million HKD [2]