两大芯片巨头，股价重挫

Group 1 - A-shares market experienced a slight decline in the morning, with major indices such as the Shenzhen Component Index, ChiNext Index, and STAR Market 50 Index dropping over 1% [4] - The TMT sector saw significant adjustments, particularly in the electronics segment, which fell over 2%, impacting the overall market performance [5] - Semiconductor companies, including SMIC and Hua Hong Semiconductor, reported their Q1 2025 earnings, leading to substantial stock price declines [6][7] Group 2 - Hua Hong Semiconductor's stock plummeted, with a drop of up to 12% in A-shares and over 13% in Hong Kong shares, despite reporting a revenue increase of 18.66% year-on-year to 3.913 billion yuan for Q1 2025 [6] - SMIC's stock also faced a decline, with A-shares dropping over 4% and Hong Kong shares falling more than 10%. The company reported a Q1 2025 revenue of $2.247 billion, a 1.8% increase quarter-on-quarter, but provided a revenue guidance for Q2 indicating a potential decline of 4% to 6% [7] Group 3 - The beauty and personal care sector showed strength, with stocks like Shuiyang Co. rising over 10%, alongside other companies such as Beitaini and Runben [8] - The banking and utilities sectors also performed well, contributing to the overall market dynamics [9] Group 4 - In the Hong Kong market, the Hang Seng Index experienced low-level fluctuations, with notable gains in stocks like Henderson Land and Chow Tai Fook [13][14] - Several beverage stocks in Hong Kong saw significant increases, with Andeli Juice surging over 70% and other brands like Cha Baidao and Nayuki's Tea also showing strong performance [16] Group 5 - China Carbon Neutrality stock surged over 60% during trading, following a voluntary announcement of share purchases by a non-executive director [17][19]