Group 1 - The Hong Kong stock market indices collectively rose, with the Hang Seng Index increasing by 0.24%, the Hang Seng China Enterprises Index by 0.50%, and the Hang Seng Tech Index by 0.98% as of December 30, 2025 [1] - The Hang Seng Internet ETF (513330) saw an increase of 0.58%, with a latest price of 0.517 yuan and a trading volume of 9.02 billion yuan, resulting in a turnover rate of 2.60% [1] - Among the constituent stocks, notable gainers included Maifushi up 10.00%, UBTECH up 7.20%, Baidu Group-SW up 7.14%, and Yujian up 5.31%, while leading decliners included Dongfang Zhenxuan down 2.27% and Xinyi Network Group down 1.30% [1] Group 2 - The valuation of the Hang Seng Internet ETF is currently at a price-to-earnings ratio (PE-TTM) of 22.87, which is in the 21.77% percentile over the past 10 years, indicating that the valuation is lower than 78.23% of the time in the last decade [1] - The index tracked by the Hang Seng Internet ETF is heavily weighted in sectors such as Media (40.94%), Retail (21.65%), Social Services (11.44%), Electronics (10.77%), and Computers (9.34%) [2] - In terms of sub-sectors, the index is concentrated in Internet E-commerce (21.65%), Digital Media (15.40%), Social II (14.91%), Local Life Services II (11.10%), and Consumer Electronics (10.77%) [2]

Group 1 - The Hong Kong stock market saw a collective rise in robotics concept stocks, with notable increases including 6.28% for UBTECH, over 5% for Fourth Paradigm and Sanhua Intelligent Control, and nearly 5% for Yuejiang [1][2] - Yushutech announced the opening of its first offline store in collaboration with JD.com, set to launch on December 31 in Beijing, showcasing products like the Yushutech Go2 quadruped robot dog and G1 humanoid robot [1] Group 2 - UBTECH's latest price is 127.000 with a total market capitalization of 639.32 billion and a year-to-date increase of 131.12% [2] - Fourth Paradigm's stock rose by 5.34% to a price of 43.820, with a market cap of 227.5 billion and a year-to-date decline of 13.99% [2] - Sanhua Intelligent Control increased by 5.33% to 35.980, with a market cap of 1514.04 billion and a year-to-date rise of 60.64% [2]

Group 1 - The robotics sector in the Hong Kong stock market has seen a collective surge, with notable increases in stock prices for several companies [1] - UBTECH Robotics experienced a rise of over 6%, while Fourth Paradigm and Sanhua Intelligent Control both increased by over 5% [1] - Other companies such as Yujing and MicroPort Robotics also saw gains, with Yujing rising nearly 5% and MicroPort Robotics increasing by over 2% [1] Group 2 - Yushutech announced the opening of its first offline store in collaboration with JD.com, set to launch on December 31 in Beijing [1] - The store will prominently feature several flagship products, including the Yushutech Go2 quadruped robot and the G1 humanoid robot [1] Group 3 - The stock performance data shows UBTECH with a current price of 127.000 and a year-to-date increase of 131.12% [2] - Fourth Paradigm's latest price is 43.820, with a year-to-date decline of 13.99% [2] - Sanhua Intelligent Control has a current price of 35.980 and a year-to-date increase of 60.64% [2]

花旗亦预期，其他主要管理层及股东将在未来数日内，于最新禁售期届满前或当日发布类似公告，以缓 解市场对股价因潜在出售而承压的担忧，花旗维持对中国人形机器人供应链正面看法。 智通财经APP获悉，花旗发布研报称，优必选(09880)公布，公司创始人、董事会主席兼首席执行官周剑 自愿承诺，自今年12月29日起的12个月内，不会减持其个人持有的优必选约7,057.44万H股，占总股本 约14%。此举表明周剑对优必选人形机器人业务的长期承诺与乐观态度。花旗以市销率对优必选进行估 值，并基于2026年预测23倍市销率，予目标价155港元，评级"买入"。 ...

花旗发布研报称，优必选(09880)公布，公司创始人、董事会主席兼首席执行官周剑自愿承诺，自今年 12月29日起的12个月内，不会减持其个人持有的优必选约7,057.44万H股，占总股本约14%。此举表明 周剑对优必选人形机器人业务的长期承诺与乐观态度。花旗以市销率对优必选进行估值，并基于2026年 预测23倍市销率，予目标价155港元，评级"买入"。 花旗亦预期，其他主要管理层及股东将在未来数日内，于最新禁售期届满前或当日发布类似公告，以缓 解市场对股价因潜在出售而承压的担忧，花旗维持对中国人形机器人供应链正面看法。 ...

每经AI快讯，优必选(09880.HK)续涨超3%，昨日收涨超9%。截至发稿，优必选涨3.26%，报123.4港 元，成交额3.72亿港元。 ...

Core Viewpoint - Company shares of UBTECH (09880) have seen a significant increase, with a rise of over 3% recently and a total increase of over 9% yesterday, reflecting positive market sentiment and confidence in the company's future prospects [1] Group 1: Management Commitment - The founder, chairman, and CEO of UBTECH, Zhou Jian, has committed not to sell any of his personal holdings of 70.57435 million H-shares for 12 months starting from December 29, 2025, marking his second voluntary lock-up commitment [1] - This commitment demonstrates the management's strong confidence in the company's and industry's future development [1] Group 2: Business Performance - UBTECH has been leading the commercialization process of humanoid robots this year, with total orders for 2025 nearing 1.4 billion yuan [1] - The company has delivered over 500 units of its industrial humanoid robot, Walker S2, with a production capacity exceeding 1,000 units [1] Group 3: Strategic Acquisition - UBTECH plans to acquire 43% of the shares of Shenzhen Stock Exchange-listed company Fenglong Co. through a combination of "agreement transfer + tender offer" for 1.665 billion yuan, aimed at enhancing its industry chain layout and strengthening core competitiveness [1]

Group 1 - The core point of the article is the establishment of Wenzhou Ubtech Education Technology Co., Ltd., which is fully owned by Ubtech and focuses on artificial intelligence software and hardware development [1] Group 2 - The company's business scope includes the development of artificial intelligence theories and algorithms, integration services for AI industry applications, development of AI application software, and sales of AI hardware [1]

Core Viewpoint - The founder of UBTECH Robotics, Zhou Jian, has committed to not selling his shares for 12 months starting from December 29, 2025, which is his second voluntary lock-up commitment [1][2]. Group 1: Shareholding and Commitments - Zhou Jian holds 70.57435 million H-shares, representing 19.02% of the total H-shares and 15.98% of the total share capital of UBTECH [2][3]. - He also directly owns 33.18604 million domestic shares, accounting for 46.96% of the domestic shares and 7.51% of the total share capital [2][3]. - Combined, Zhou Jian directly and indirectly holds 26.78% of UBTECH's total share capital, making him a major shareholder [3]. Group 2: Financial Performance - For the first half of 2025, UBTECH reported revenue of 621 million yuan, a year-on-year increase of 27.5% [5]. - The gross profit was 217 million yuan, reflecting a 17.3% year-on-year growth, with an overall gross margin of 35% [5]. - The company incurred a loss of 439 million yuan, which is a 17.2% reduction compared to the previous year [5]. Group 3: Business Developments - UBTECH has secured nearly 1.4 billion yuan in orders for humanoid robots for the entire year of 2025, with over 500 units of the industrial humanoid robot WalkerS2 delivered [4][5]. - The company plans to reach a production capacity of 10,000 humanoid robots by 2026 with the upcoming launch of its Liuzhou Robot Super Smart Factory [5]. - UBTECH announced a plan to acquire 43% of Fenglong Co., Ltd. for 1.665 billion yuan to enhance its industry chain layout and strengthen core competitiveness [5].

Company News - China Energy Construction (03996.HK) announced that its subsidiary consortium won the bid for the ecological comprehensive治理 project in the Henghe and Yuehe river basins in Ankang City, Shaanxi Province [6] - China Shenhua (01088.HK) reported that the No. 3 generator unit of the Qingyuan Phase II project has passed the 168-hour trial operation and is officially in commercial operation, while the construction of the No. 4 generator unit is progressing steadily, with plans for operation in February 2026 [7] - Hutchison Whampoa (00013.HK) announced that the new drug application for Fanzhuo Grelatin for second-line treatment of intrahepatic cholangiocarcinoma has been accepted and included in priority review in China [8] - SenseTime (00020.HK) completed the placement of 1.75 billion new Class B shares [9] - UBTECH (09880.HK) Chairman Zhou Jian committed not to reduce holdings within 12 months, while China Petroleum (00857.HK) received an increase of 30 million A-shares and 11.896 million H-shares from its controlling shareholder, China Petroleum Group [10] - Yujian (02432.HK) proposed a plan for A-share listing on the Shenzhen Stock Exchange [11] Industry News - The paper industry, cryptocurrency-related stocks, and the new energy vehicle sector showed collective strength, while gold, lithium battery, and electric power stocks generally retreated [5]