Core Viewpoint - The company, 巨星传奇, has launched a collaboration plan with 100 international top trend artists, focusing on its core IP, 周同学, to enhance its international IP strategy and expand creative boundaries through diverse artistic contributions [1][2]. Group 1: Collaboration and Strategy - The collaboration aims to create new artworks and derivatives around the 周同学 IP, leveraging the unique perspectives of artists from various cultural backgrounds [1]. - The company has established a dual-track selection mechanism combining data intelligence and expert review to identify artists with commercial potential and artistic value [1][2]. - The collaboration is not merely about quantity but aims for "precise co-creation" to ensure each artist adds differentiated value to the 周同学 IP [2]. Group 2: Market Impact and Future Plans - The first batch of collaborative works is set to debut before the 周杰伦 "嘉年华" concert in Wuhan in September 2025, with a large-scale art exhibition showcasing works from over 20 artists [2]. - The initiative is seen as a move to build a unique artistic creation ecosystem, similar to industry leaders like 泡泡玛特, which has signed over 200 top artists [2]. - The company has achieved over 1 billion yuan in sales from authorized co-branded products since the launch of the 周同学 IP in 2019, indicating its significant commercial value [3]. Group 3: Broader Industry Context - The collaboration is expected to enhance the artistic value of the IP and explore new pathways for the globalization of Chinese original IP [3]. - The emotional value provided by the IP is crucial, as interest-driven consumption trends are becoming increasingly important [3]. - The potential for 周同学 to become a long-term brand asset and sustainable commercial return is highlighted through refined operations and derivative development [3].

Group 1 - On August 1, the Hong Kong stock market saw a net inflow of 12.207 billion HKD from northbound trading, with 5.575 billion HKD from the Shanghai Stock Connect and 6.632 billion HKD from the Shenzhen Stock Connect [2] - The most bought stocks included the Tracker Fund of Hong Kong (02800), Hang Seng China Enterprises (02828), and Xiaomi Group-W (01810), while the most sold stocks were Innovent Biologics (01801), Alibaba-W (09988), and SMIC (00981) [2][8] - Xiaomi Group-W reported over 30,000 vehicle deliveries in July, attributed to increased production capacity, with expectations of 400,000 to 500,000 vehicle sales by 2025 [6] Group 2 - In the technology sector, Tencent (00700), Meituan-W (03690), and Kuaishou-W (01024) saw net inflows of 8.36 billion, 7.66 billion, and 2.02 billion HKD respectively, while Alibaba-W faced a net outflow of 2.02 billion HKD [7] - InnoCare Pharma (02577) received a net inflow of 3.63 billion HKD after being listed as a partner by NVIDIA for its 800V DC power architecture, which is designed for AI data centers [7] - The overall sentiment in the Hong Kong market remains positive, with expectations of a structural uptrend driven by improving fundamentals and policy outlook [6][7]

Core Viewpoint - On August 1, InnoCare Pharma made its debut on the Hong Kong Stock Connect active trading list, marking its first appearance in the past month, with significant trading volume and a notable price increase [1] Trading Activity Summary - The total trading volume of active stocks on the Hong Kong Stock Connect reached 38.767 billion HKD, accounting for 29.03% of the total trading amount on that day, with a net buying amount of 9.016 billion HKD [1] - Tencent Holdings led the trading volume with 5.412 billion HKD, followed closely by InnoCare Pharma and Alibaba-W, with trading amounts of 4.391 billion HKD and 4.390 billion HKD respectively [1] Stock Performance Summary - InnoCare Pharma recorded a trading volume of 4.391 billion HKD on August 1, with a net buying amount of 0.364 billion HKD, and its stock price surged by 30.91% on that day [1] - The stocks with the highest frequency of appearance on the active trading list over the past month were Alibaba-W and Tencent Holdings, each appearing 23 times, indicating strong interest from Hong Kong Stock Connect investors [1]

Market Overview - On August 1, the Hang Seng Index fell by 1.07%, with southbound trading totaling HKD 1,335.36 billion, comprising HKD 728.72 billion in buying and HKD 606.64 billion in selling, resulting in a net buying amount of HKD 122.07 billion [1] Southbound Trading Details - Southbound trading through the Stock Connect (Shenzhen) recorded a total trading amount of HKD 507.42 billion, with net buying of HKD 66.32 billion, while the Stock Connect (Shanghai) had a total trading amount of HKD 827.94 billion and net buying of HKD 55.75 billion [1] - The most actively traded stock by southbound funds was Tencent Holdings, with a total trading amount of HKD 54.12 billion, followed by InnoCare Pharma and Alibaba Group, with trading amounts of HKD 43.91 billion and HKD 43.90 billion, respectively [1] Net Buying and Selling Analysis - The top net buying stocks included the Tracker Fund of Hong Kong with a net buying amount of HKD 37.44 billion, followed by Hang Seng China Enterprises with HKD 17.20 billion and Xiaomi Group with HKD 10.99 billion [1] - The stock with the highest net selling was Innovent Biologics, with a net selling amount of HKD 4.02 billion, while Alibaba Group and SMIC experienced net selling of HKD 2.02 billion and HKD 1.77 billion, respectively [1] Continuous Net Buying Stocks - Among the stocks that have seen continuous net buying for more than three days, Tencent Holdings, Xiaomi Group, and Meituan had the longest streaks, with 7 days, 6 days, and 3 days of net buying, respectively [2] - The highest net buying amounts during this period were for Xiaomi Group at HKD 41.36 billion, followed by Tencent Holdings at HKD 35.42 billion and Meituan at HKD 26.12 billion [2] Active Stocks on August 1 - The following stocks were highlighted for their trading activity on August 1: - Tracker Fund of Hong Kong: Total trading amount HKD 376.30 million, net buying HKD 374.44 million, price change -1.11% - Hang Seng China Enterprises: Total trading amount HKD 221.46 million, net buying HKD 171.97 million, price change -0.95% - Xiaomi Group: Total trading amount HKD 399.61 million, net buying HKD 109.92 million, price change +0.47% - Tencent Holdings: Total trading amount HKD 541.21 million, net buying HKD 83.62 million, price change -2.73% [2]

Group 1 - On August 1, the Hong Kong stock market saw a net inflow of 12.207 billion HKD from northbound trading, with 5.575 billion HKD from the Shanghai Stock Connect and 6.632 billion HKD from the Shenzhen Stock Connect [2] - The most bought stocks included the Tracker Fund of Hong Kong (02800), Hang Seng China Enterprises (02828), and Xiaomi Group-W (01810), while the most sold stocks were Innovent Biologics (01801), Alibaba-W (09988), and SMIC (00981) [2] - The Tracker Fund of Hong Kong received a net inflow of 37.44 billion HKD, Hang Seng China Enterprises received 17.19 billion HKD, and Southern Hang Seng Technology (03033) received 8.55 billion HKD [5] Group 2 - Xiaomi Group-W (01810) saw a net inflow of 8.55 billion HKD, with the chairman announcing that July's car deliveries exceeded 30,000 units due to increased production capacity [6] - Tencent (00700), Meituan-W (03690), and Kuaishou-W (01024) received net inflows of 8.36 billion HKD, 7.66 billion HKD, and 2.02 billion HKD respectively, while Alibaba-W (09988) faced a net outflow of 2.02 billion HKD [6] - Innovent Biologics (02577) received a net inflow of 3.63 billion HKD after being listed as a partner by NVIDIA for its 800V direct current power architecture [7] Group 3 - Guotai Junan International (01788) experienced a net outflow of 48.99 million HKD amid the implementation of the stablecoin regulatory framework in Hong Kong [8] - Other stocks that saw net inflows included CSPC Pharmaceutical Group (01093) with 2.52 billion HKD and Giant Legend (06683) with 6.55 million HKD, while Innovent Biologics (01801) and SMIC (00981) faced net outflows of 4.02 billion HKD and 1.77 billion HKD respectively [8]

Group 1 - On August 1, 2025, InnoCare Pharma (02577), Tencent Holdings (00700), and Alibaba Group-W (09988) ranked as the top three companies by trading volume in the Southbound Stock Connect, with transaction amounts of 3.333 billion, 3.023 billion, and 2.736 billion respectively [1] - In the Southbound Stock Connect, Tencent Holdings (00700), Yingfu Fund (02800), and Southern Hang Seng Technology (03033) were the top three companies by trading volume, with transaction amounts of 2.389 billion, 2.076 billion, and 1.854 billion respectively [1] Group 2 - The top ten active companies in the Southbound Stock Connect included InnoCare Pharma (02577) with a transaction amount of 3.333 billion and a net buying amount of +320 million, Tencent Holdings (00700) with 3.023 billion and +102 million, and Alibaba Group-W (09988) with 2.736 billion and -416 million [2] - In the Southbound Stock Connect, Tencent Holdings (00700) had a transaction amount of 2.389 billion and a net buying amount of +734 million, Yingfu Fund (02800) had 2.076 billion and +2069 million, and Southern Hang Seng Technology (03033) had 1.854 billion and +856 million [2]

Group 1 - The Hang Seng Index fell by 0.18%, down 45 points, closing at 24,727 points, while the Hang Seng Tech Index decreased by 0.12% [1] - In the semiconductor sector, InnoSilicon became the only Chinese chip manufacturer included in NVIDIA's latest 800V architecture supplier list, leading to a more than 30% increase in InnoSilicon's stock [1] - The Ministry of Industry and Information Technology issued a special energy-saving inspection task list for the polysilicon industry, boosting the solar panel sector, with notable stock increases for companies like Kaisheng New Energy (up over 5%) and Fuyao Glass (up over 4%) [1] Group 2 - Stone Pharmaceutical Group's stock rose over 6% after announcing a more than $2 billion overseas business development deal [2] - Ruihe Smart's stock surged over 10% following a profit warning, with expected net profits for the first half of the year reaching up to 44 million yuan, marking a turnaround from losses [3] - Inspur Digital Enterprises' stock increased nearly 6%, reaching a new high, with expected net profits for the first half of the year up to 190 million yuan, supported by its parent company Inspur Group [4] Group 3 - Xirui's stock rose over 4%, reaching a new high, as institutions predict rapid growth in the private aviation market [5] - Qiniu Intelligent's stock increased by over 8%, with its AI model user base surpassing 10,000, marking a significant milestone in its AI strategy [6] - Tsugami Machine Tool's stock rose over 5%, with its Japanese division reporting a 38.1% year-on-year increase in profits for the first quarter [7] Group 4 - New Macau International Development's stock fell over 4%, with its subsidiary New Macau Borya reporting a nearly 20% year-on-year decline in net income for the second quarter [7] - Kintor Pharmaceutical's stock plummeted over 16% after the company announced a discounted placement of shares at an 18.75% discount, raising approximately 40.34 million Hong Kong dollars [7]

Core Viewpoint - The company, 巨星传奇, has seen a significant stock increase of over 9%, currently trading at 13.38 HKD with a transaction volume of 342 million HKD, following the announcement of a strategic partnership with 杭州宇树科技 [1] Group 1: Partnership Details - 巨星传奇's wholly-owned subsidiary, 星创艺(昆山)文娱有限公司, has entered into a cooperation agreement with 杭州宇树科技 [1] - The partnership establishes a global strategic collaboration, focusing initially on the development and commercialization of quadruped robotic dogs/robots with social attributes [1] - The collaboration aims to create consumer-grade robotic products with strong intellectual property (IP) characteristics [1] Group 2: Commercialization Strategy - Through this partnership, 巨星传奇 plans to explore the commercial value of intelligent robots in entertainment settings such as concerts and performances [1] - The company will be responsible for the planning, directing, and execution of related entertainment activities, integrating robotic performances into concerts, variety shows, and live broadcasts [1] - This initiative aims to deepen the penetration and enhance the company's star IP matrix [1]

Core Viewpoint - The company, 巨星传奇, has seen a significant stock price increase of over 9%, currently trading at 13.38 HKD with a transaction volume of 342 million HKD, following the announcement of a strategic partnership with 杭州宇树科技 [1] Group 1: Partnership Details - 巨星传奇's wholly-owned subsidiary, 星创艺(昆山)文娱有限公司, has entered into a cooperation agreement with 杭州宇树科技 [1] - The partnership establishes a global strategic collaboration, focusing initially on the development and commercialization of quadruped robotic dogs with social attributes [1] - The collaboration aims to create consumer-grade robotic products with strong IP characteristics [1] Group 2: Commercialization Strategy - Through this partnership, 巨星传奇 plans to explore the commercial value of intelligent robots in entertainment settings such as concerts and performances [1] - The company will be responsible for planning, directing, and executing related entertainment activities, integrating robotic performances into concerts, variety shows, and live broadcasts [1] - This initiative aims to deepen the penetration and enhance the company's star IP matrix [1]

Group 1 - The collaboration between Giant Star Legend and Yushu Technology focuses on developing and commercializing quadruped robots with strong IP attributes, particularly in the entertainment sector [1] - This partnership is seen as an innovative attempt to combine IP with smart robotics, potentially enhancing business expansion and commercial value for both companies [1] Group 2 - As of June 2025, China's mobile internet monthly active user base reached a record 1.267 billion, with users spending nearly 8 hours online daily [2] - The AIGC industry experienced a staggering year-on-year growth rate of 393.9% in total usage time, emerging as a new growth engine [2] - AI search applications have gained significant traction, indicating that artificial intelligence will play a more crucial role in the mobile internet landscape [2] Group 3 - RoboScience has successfully completed nearly 200 million yuan in angel round financing, led by JD.com, with participation from other notable investors [3] - The company, established in December 2024, has been operational since March 2025 and previously raised several million yuan in seed funding [3] - The success of this financing round is expected to attract more talent, capital, and resources to the field of embodied intelligence, accelerating technology development and industrialization [3]