Group 1 - The Hang Seng Index fell by 0.71% on December 29, with southbound capital totaling HKD 115.16 billion, comprising HKD 55.87 billion in buying and HKD 59.29 billion in selling, resulting in a net sell of HKD 3.14 billion [1] - The southbound trading through Stock Connect (Shenzhen) had a total turnover of HKD 44.21 billion, with buying at HKD 20.56 billion and selling at HKD 23.65 billion, leading to a net sell of HKD 3.08 billion [1] - The southbound trading through Stock Connect (Shanghai) recorded a total turnover of HKD 70.95 billion, with buying at HKD 35.31 billion and selling at HKD 35.64 billion, resulting in a net sell of HKD 0.33 billion [1] Group 2 - Among the actively traded stocks, Alibaba-W had the highest turnover at HKD 66.55 billion, followed by Tencent Holdings at HKD 60.71 billion and SMIC at HKD 51.50 billion [1] - The top net buying stock was China Merchants Bank with a net buy of HKD 9.71 billion, closing up by 1.07%, while the highest net sell was China Mobile with a net sell of HKD 14.50 billion, closing down by 1.21% [1] - The stocks with continuous net selling included China Mobile and Tencent Holdings, with cumulative net sells of HKD 86.54 billion and HKD 20.18 billion respectively [2]

Core Viewpoint - Company founder and CEO Zhou Jian has committed not to sell his personal holdings of 70.57435 million H-shares for 12 months starting December 29, 2025, marking his second voluntary lock-up commitment [1] - The company has announced a strategic acquisition of 43% stake in A-share listed company Fenglong Co., Ltd. for a total consideration of 1.665 billion yuan, aiming to enhance its industry chain layout and core competitiveness [1][2] Group 1 - The acquisition is expected to create business synergies by integrating the humanoid robot technology of the company with the manufacturing capabilities and supply chain resources of Fenglong Co., Ltd. [2] - The transaction will make Fenglong Co., Ltd. the company's first A-share subsidiary, positioning it favorably in the smart service robot industry [2] - The company plans to increase its industrial humanoid robot production capacity to 10,000 units by 2026, with Fenglong's manufacturing capabilities providing critical support [2] Group 2 - The company has accelerated the commercialization of its humanoid robots, with nearly 1.4 billion yuan in orders for 2025 and over 500 units of the industrial humanoid robot Walker S2 delivered this year [2] - The company’s production capacity has exceeded 1,000 units, and the upcoming launch of the Liuzhou Robot Super Smart Factory is expected to further boost production capacity [2]

Group 1 - The Hang Seng Index closed at 25,635.23 points, down 0.71% [1] - The Hang Seng Tech Index closed at 5,483.01 points, down 0.3% [1] - Gold stocks experienced a decline, with WanGuo Gold Group falling over 6%, and both ChiFeng Gold and Shandong Gold dropping over 5% [1] Group 2 - Robotics concept stocks saw an increase, with UBTECH rising over 9% [1]

优必选(09880)公布，截至本公告日期，公司董事会主席、执行董事兼首席执行官周剑先生为公司 70,574,350股H股的合法实益拥有人。于2025年12月29日，周剑先生自愿向公司承诺，自2025年12月29 日起12个月内，其将不以任何方式减持其个人持有的公司70,574,350股H股。 ...

智通财经APP讯，优必选(09880)公布，截至本公告日期，公司董事会主席、执行董事兼首席执行官周剑 先生为公司70,574,350股H股的合法实益拥有人。于2025年12月29日，周剑先生自愿向公司承诺，自 2025年12月29日起12个月内，其将不以任何方式减持其个人持有的公司70,574,350股H股。 ...

公司董事会认为，上述事宜不会对集团的运营有任何重大不利影响。公司或会适时另行刊发公告，向公 司股东及潜在投资者更新有关上述事宜的任何进一步资料。 格隆汇12月29日丨优必选(09880.HK)公告，截至本公告日期，公司董事会主席、执行董事兼首席执行官 周剑为公司70,574,350股H股的合法实益拥有人。于2025年12月29日，周剑自愿向公司承诺，自2025年 12月29日起12个月内，其将不以任何方式减持其个人持有的公司70,574,350股H股。 ...

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 不對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。 截 至 本 公 告 日 期，本 公 司 董 事 會 主 席、執 行 董 事 兼 首 席 執 行 官 周 劍 先 生 （「周先生」）為 本 公 司70,574,350股H股 的 合 法 實 益 擁 有 人。於2025年12月29 日，周 先 生 自 願 向 本 公 司 承 諾，自2025年12月29日 起12個 月 內，其 將 不 以 任何方式減持其個人持有的本公司70,574,350股H股。 本 公 司 董 事 會 認 為，上 述 事 宜 不 會 對 本 集 團 的 運 營 有 任 何 重 大 不 利 影 響。本 公 司 或 會 適 時 另 行 刊 發 公 告，向 本 公 司 股 東 及 潛 在 投 資 者 更 新 有 關 上 述 事 宜 的 任 何 進 一 步 資 料。 承董事會命 深圳市優必選科技股份有限公司 董事會主席、執行董事兼 ...

Group 1 - The top three companies with the highest short positions are Vanke Enterprises (02202), COSCO Shipping Holdings (01919), and Heng Rui Medicine (01276), with short ratios of 18.48%, 16.79%, and 15.54% respectively [1][2] - The companies with the largest absolute increase in short positions are CATL (03750), Lens Technology (06613), and UBTECH Robotics (09880), which increased by 2.35%, 2.34%, and 1.29% respectively [1][2] - The companies with the largest absolute decrease in short positions are Changfei Optical Fiber (06869), Mao Ge Ping (01318), and Meilan Airport (00357), which decreased by -1.26%, -0.68%, and -0.67% respectively [1][2] Group 2 - The latest short ratio for Vanke Enterprises (02202) is 18.48%, down from 19.04% previously [3] - The latest short ratio for COSCO Shipping Holdings (01919) is 16.79%, down from 16.79% previously [2] - The latest short ratio for Heng Rui Medicine (01276) is 15.54%, up from 3919.30 million shares to 4011.67 million shares [2]

Core Viewpoint - The Hong Kong stock market experienced significant net selling from northbound capital, totaling 34.14 billion HKD on December 29, with notable net selling in major stocks like Alibaba and China Mobile [1]. Group 1: Northbound Capital Flow - Northbound capital recorded a net selling of 34.14 billion HKD, with 3.31 billion HKD from the Shanghai Stock Connect and 30.84 billion HKD from the Shenzhen Stock Connect [1]. - The stocks with the highest net buying included China Merchants Bank (03968), Hua Hong Semiconductor (01347), and Jiangxi Copper (00358) [1]. - The stocks with the highest net selling were China Mobile (00941), Alibaba-W (09988), and Zijin Mining (02899) [1]. Group 2: Individual Stock Performance - Alibaba-W (09988) had a net selling of 8.15 billion HKD, with a total trading volume of 41.57 billion HKD [2]. - Tencent Holdings (00700) saw a net inflow of 8.70 billion HKD, with a total trading volume of 34.90 billion HKD [2]. - China Mobile (00941) experienced a net selling of 10.79 billion HKD, with a total trading volume of 21.77 billion HKD [2]. Group 3: Company-Specific News - China Merchants Bank (03968) received a net buying of 9.71 billion HKD, following the establishment of its subsidiary AIC Investment [6]. - Jiangxi Copper (00358) had a net buying of 22.59 million HKD, as it announced plans to acquire SolGold for up to 7.64 billion GBP [7]. - Hua Hong Semiconductor (01347) saw a net buying of 2.62 billion HKD, while SMIC (00981) faced a net selling of 752 million HKD amid price increase notifications to downstream customers [6].

Summary of Key Points Core Viewpoint - Southbound funds recorded a net sell-off of HKD 3.414 billion in Hong Kong stocks today, indicating a trend of capital outflow from the market [1] Group 1: Net Buying and Selling - The net buying included China Merchants Bank at HKD 0.971 billion and Hua Hong Semiconductor at HKD 0.262 billion [1] - The net selling was led by China Mobile at HKD 1.45 billion, Alibaba-W at HKD 1.024 billion, and Zijin Mining at HKD 0.621 billion [1] - Other notable net sell-offs included Tencent Holdings at HKD 0.318 billion, Xiaomi Group-W at HKD 0.282 billion, CNOOC at HKD 0.228 billion, Meituan-W at HKD 0.194 billion, and UBTECH at HKD 0.16 billion [1] Group 2: Trends in Southbound Fund Activity - Southbound funds have recorded a continuous net sell-off of China Mobile for 10 consecutive days, totaling HKD 8.65362 billion [1] - Tencent has seen net sell-offs for 3 consecutive days, amounting to HKD 2.01788 billion [1]