Market Performance - The Hong Kong stock market indices collectively rose this month, with the Hang Seng Index increasing by 6.85% to close at 27,387.11 points, the Hang Seng Tech Index rising by 3.67% to 5,718.18 points, and the China Enterprises Index up by 4.53% to 9,317.09 points [2] - The Hang Seng Index showed resilience, climbing from a low of 26,498.35 points at the beginning of the month to a recent high of 28,056.10 points before a slight pullback [3] Sector Performance - High-performing sectors this month included AI, consumer goods, and real estate, driven by favorable policies and strong earnings [4] - Notable stock performances included: - Zhizhu (02513.HK) surged by 94.66%, recognized as the "first global large model stock" with strong market confidence in its AGI technology [4] - Woan Robotics (06600.HK) also rose by 94.67%, benefiting from AI and smart manufacturing policies [4] - Mingming Hen Mang (01768.HK) increased by 73.71%, supported by impressive revenue growth of 75.2% year-on-year [4][5] - Changfei Optical Fiber (06869.HK) saw a 61.90% increase, driven by rising demand for optical fiber due to AI computing infrastructure [5] Declining Stocks - Declining stocks included: - Zhu Feng Gold (01815.HK), which fell by 22.13% due to fluctuations in international gold prices [8] - Ganfeng Lithium (01772.HK) decreased by 16.46% as lithium carbonate futures prices dropped significantly [9] Institutional Insights - Institutional perspectives suggest a continuation of the spring market rally, focusing on dual drivers of policy and earnings [10] - Everbright Securities noted that the Hong Kong market is transitioning from being driven by funds to being driven by earnings, with a structural rebound expected in Q1 [10] - CITIC Securities highlighted three key investment directions: "14th Five-Year Plan" policies, sectors benefiting from policy reversals, and areas likely to gain from the spring rally [10] Education and Technology Sector - The education sector saw significant gains, with China Spring (01969.HK) rising by 22.76% due to AI integration in educational applications [11] - Longfei Optical Fiber (06889.HK) also experienced a slight increase, reflecting ongoing high demand for computing power [13] Commodity Market Impact - The commodity market faced volatility, with gold and other precious metals experiencing significant price fluctuations, impacting related stocks negatively [15][18] - The Chicago Mercantile Exchange announced margin adjustments to curb excessive speculation, which may further influence market stability [17]

（文章来源：每日经济新闻） 每经AI快讯，巨星传奇(06683.HK)尾盘一度涨超7%，截至发稿涨3.5%，报6.21港元，成交额5924.3万港 元。 ...

另外，公告表示，公司拟成立合资公司。该合资公司将拥有独家权限，负责消费级IP机器人(包括家庭 情感陪伴型四足机器人与人形机器人)及艺人IP机器人(用于演唱会及表演场景)的销售、运营及推广工 作，并拓展相关衍生品业务。 巨星传奇(06683)尾盘涨超7%，截至发稿，涨3.5%，报6.21港元，成交额5924.3万港元。 消息面上，巨星传奇近日公告称，于2025年11月就销售四足机器人与独立第三方订立销售合同。该销售 合同核心标的为四足机器人，产品于近期完成设计及开发阶段，预计将于2026年第一季度前达致量产阶 段。产品融合"周同学"等IP设计，其设计兼具时尚美学与收藏价值，有望获得爱好者与收藏家青睐。 ...

消息面上，巨星传奇近日公告称，于2025年11月就销售四足机器人与独立第三方订立销售合同。该销售 合同核心标的为四足机器人，产品于近期完成设计及开发阶段，预计将于2026年第一季度前达致量产阶 段。产品融合"周同学"等IP设计，其设计兼具时尚美学与收藏价值，有望获得爱好者与收藏家青睐。 另外，公告表示，公司拟成立合资公司。该合资公司将拥有独家权限，负责消费级IP机器人(包括家庭 情感陪伴型四足机器人与人形机器人)及艺人IP机器人(用于演唱会及表演场景)的销售、运营及推广工 作，并拓展相关衍生品业务。 智通财经APP获悉，巨星传奇(06683)尾盘涨超7%，截至发稿，涨3.5%，报6.21港元，成交额5924.3万港 元。 ...

Group 1 - The company announced a sales contract for quadruped robots with an independent third party, expected to reach mass production by Q1 2026 [1] - The quadruped robot integrates popular IP designs, aiming to attract enthusiasts and collectors due to its stylish aesthetics and collectible value [1] - The sales contract includes a clause that exempts both parties from penalties or compensation if mass production is not achieved on time, allowing for flexible risk management [1] Group 2 - The company plans to establish a joint venture responsible for the sales, operation, and promotion of consumer-grade IP robots, including emotional companion quadruped robots and humanoid robots [2] - The potential products are designed to enhance user engagement through unique and advanced features, responding to touch and voice inputs, and adapting to user preferences [2] - The company clarified that no formal agreement has been signed with Galaxy Corporation regarding the joint venture, although it holds a 16% limited partnership interest in a fund that has stakes in Galaxy [2] Group 3 - A collaboration with Galaxy is anticipated to deepen the integration of IP, AI, and robotics, with plans to establish Galaxy China for market expansion [3] - The company has formed a joint venture with Yuzhu Technology, focusing on IP robots and smart hardware, aiming to create a closed ecosystem of "content + smart hardware + new retail" [3] - The strategic shift from being an "IP creator and operator" to a "disseminator of happiness" is expected to enhance the company's core competitiveness by providing comprehensive experiences that fans can perceive, participate in, and share [3]

巨星传奇(06683.HK)公告，于二零二五年十一月四日及二零二五年十一月五日就销售四足机器人与独立 第三方订立销售合同。该等销售合同的主体事项为四足机器人，即融入本集团IP的标准化产品，将由巨 星文创智权有限公司向巨星文创娱乐于合作协议项下之对手方的控股公司采购并出售予本集团客户。目 前，该产品于近期完成设计及开发阶段，预期于本年底前完成生产测试，并于二零二六年第一季度前达 致量产阶段。 本文源自：金融界AI电报 ...

Group 1 - The core point of the article is that the company has established a joint venture with a cultural entertainment firm to exclusively manage the sales, operations, and promotion of consumer-grade IP robots and artist IP robots [1] Group 2 - The joint venture will focus on the commercialization of intellectual property related to robots, indicating a strategic move into the growing market of robotics and entertainment [1] - This partnership aims to leverage the strengths of both companies in the entertainment and technology sectors, potentially enhancing market reach and operational efficiency [1] - The initiative reflects a broader trend in the industry towards integrating technology with entertainment, creating new revenue streams and consumer engagement opportunities [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 依 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 Star Plus Legend Holdings Limited 巨星傳奇集團有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股 份 代 號：6683） 補充公告 自願公告 四 足 機 器 人 銷 售 合 同；及 成立合資公司 茲 提 述 本 公 司 日 期 為 二 零 二 五 年 十 一 月 四 日、二 零 二 五 年 十 一 月 五 日 及 二 零 二 五 年 十 一 月 十 二 日 的 公 告（「該等公告」）。除 非 另 有 界 定，本 公 告 中 所 用 詞 彙 應 與 該 等 公 告 所 界 定 者 具 有 相 同 涵 義。 董事會謹此向股東及本公司有意投資者提供有關該等公告的主體事項的補充 資 料。 該等銷售合同 本集團於二零二五年十一月四日及二 ...

Core Viewpoint - The news highlights the potential collaboration between Galaxy Corporation and Giant Star Legend, focusing on the integration of IP, AI, and robotics in the entertainment technology sector, reflecting strong market interest in the "IP + Technology" crossover model [1][4]. Group 1: Company Overview - Galaxy Corporation is a leading player in the South Korean entertainment technology sector, valued at 1 trillion KRW (approximately 4.79 billion RMB), and has a strategic focus on AR, VR, holography, and robotics [2]. - Giant Star Legend, known for operating the IP of Jay Chou, went public in 2023 and has been recognized as a "Jay Chou concept stock" [3]. - The collaboration between the two companies is built on a foundation established in November 2025, when Giant Star Legend became a strategic shareholder of Galaxy by acquiring up to 7% of its issued share capital [3]. Group 2: Market Dynamics - The market response to the collaboration announcement indicates a strong belief in the growth potential of the "IP + AI + Robotics" sector, driven by entertainment consumption upgrades and rapid technological advancements [4]. - The entertainment technology market is projected to grow from $35.8 billion in 2024 to $101.5 billion by 2032, providing significant growth opportunities for both companies [3]. - The partnership exemplifies the complementary strengths of China and South Korea, with China’s hardware manufacturing capabilities and Korea’s content creation expertise potentially leading to new industry models [4]. Group 3: Future Outlook - There remains substantial potential for strategic synergy between Giant Star Legend and Galaxy, with expectations for innovative collaborations that could enhance their market presence [5].

Core Viewpoint - The news highlights the potential collaboration between Galaxy Corporation and Giant Star Legend, focusing on the integration of IP, AI, and robotics in the entertainment technology sector, reflecting strong market interest in the "IP + Technology" crossover model [1][4]. Group 1: Company Overview - Galaxy Corporation is a leading player in the Korean entertainment technology sector, valued at 1 trillion KRW (approximately 4.79 billion RMB), and has a strategic focus on AR, VR, holography, and robotics [2]. - Giant Star Legend operates the IP of Jay Chou and was listed on the Hong Kong Stock Exchange in 2023, recognized as a "Jay Chou concept stock" [3]. - The collaboration between the two companies is built on a foundation established in November 2025, when Giant Star Legend became a strategic shareholder of Galaxy by acquiring up to 7% of its issued share capital [3]. Group 2: Market Dynamics - The market response to the collaboration announcement indicates strong investor confidence in the integration of quality IP with cutting-edge technology, with the "IP + AI + Robotics" sector being identified as a high-growth area [4]. - The entertainment technology market is projected to grow from $35.8 billion in 2024 to $101.5 billion by 2032, providing significant growth opportunities for both companies [3]. - The collaboration exemplifies the potential for Sino-Korean entertainment technology industry cooperation, leveraging China's hardware manufacturing capabilities and Korea's strengths in IP operation and content creation [4]. Group 3: Future Outlook - There remains substantial potential for strategic synergy between Giant Star Legend and Galaxy, with expectations for innovative collaborations that could redefine the entertainment landscape [5].