港股午评：恒指涨0.52%重回25000点上方，半导体及博彩股拉升，创新药、新消费概念股低迷

Market Overview - The Hong Kong stock market showed a "V" shaped recovery with the Hang Seng Index up 0.52% to 25,041.03 points, and the Hang Seng Tech Index up 0.54% to 5,562.32 points [1] - Major tech stocks mostly rose, with Alibaba up 2.5%, JD.com and Baidu nearly 2%, and Meituan over 1% [1] - Semiconductor stocks rebounded despite U.S. tariff threats, with InnoCare Pharma rising over 11% and SMIC up over 3% [1] - Macau's gaming industry showed strong recovery, leading to a collective rise in gaming stocks [1] - The real estate sector saw a significant increase in financing, with 65 typical property companies raising a total of 202.5 billion yuan in July, marking a new high for 2025 [1] Company News - BeiGene reported a revenue of 17.518 billion yuan for the first half of the year, a 46% year-on-year increase, with product revenue at 17.36 billion yuan, up 45.8% [2] - Yuexiu Property's cumulative contract sales for the first seven months reached approximately 67.506 billion yuan, an increase of about 11.7% year-on-year [2] - China Overseas Development reported a cumulative contract property sales of approximately 132 billion yuan for the first seven months, down 18.3% year-on-year [6] - Poly Real Estate Group's contract sales for the first seven months were approximately 29.5 billion yuan, a decrease of 13.49% year-on-year [6] Earnings Forecasts - New World Development announced an expected mid-term net profit of no less than 800 million HKD [4] - Zhenro Properties expects mid-term revenue between 3.135 billion and 3.215 billion yuan, a year-on-year increase of 38.0% to 41.5%, with net profit expected to rise by 108.9% to 126.7% [4] - Unified Enterprises China reported a revenue of approximately 17.087 billion yuan for the first half, up 10.6%, and a net profit of about 1.287 billion yuan, up 33.2% [5] Analyst Insights - Analysts from Zhongtai International noted a marginal slowdown in China's manufacturing and non-manufacturing sectors, indicating ongoing economic recovery but with fluctuations [8] - Everbright Securities highlighted the strong overall profitability of Hong Kong stocks, suggesting that the market may continue to rise due to supportive domestic policies and improving corporate earnings [8] - Citic Securities observed an increasing confidence in certain sub-sectors, with earnings expectations being revised upward ahead of financial disclosures [9]