港股午评：恒指涨0.62%、科指涨1.96%，科技股普涨，影视及汽车股强势，煤炭及石油股走低

Market Performance - The Hong Kong stock market showed a mixed performance with the Hang Seng Index rising by 0.62% to 25,426.53 points, the Hang Seng Tech Index increasing by 1.96% to 5,651.97 points, and the National Enterprises Index up by 1.01% to 9,130.71 points [1] - Major technology stocks contributed positively, with JD.com and NetEase both rising over 4%, Baidu increasing nearly 3%, and Alibaba, Xiaomi, and Meituan all gaining over 1% [1] - Automotive stocks surged, particularly Great Wall Motors, which rose over 12% following the opening of a factory in Brazil, while NIO, Geely, and BYD also performed well [1] - The film industry saw a boost with a strong summer box office, leading to significant gains in film stocks, such as Ningmeng Film, which surged over 37% [1] Company Financials - China Hongqiao reported revenue of approximately 81.039 billion yuan, a year-on-year increase of 10.1%, and a net profit of about 12.361 billion yuan, up approximately 35% [2] - Hong Kong and China Gas reported revenue of about 10.437 billion HKD, a decrease of 0.6%, with a net profit of approximately 758 million HKD, an increase of 2% [2] - China Resources Cement reported revenue of approximately 10.21 billion yuan, a year-on-year decrease of 1%, but a net profit of about 307 million yuan, an increase of 85% [3] - Sands China Limited reported revenue of 3.49 billion USD, a decrease of 1.7%, and a net profit of 413 million USD, down 23.7% [3] Institutional Insights - Industrial analysts from Industrial Securities noted that the Hong Kong stock market is experiencing volatility and may be poised for a rally, focusing on mid-year performance and value [4] - Guohai Securities indicated that the Hong Kong market may exhibit better elasticity compared to the US market, with a focus on sectors benefiting from fiscal and tariff negotiations [4] - Noted economist Hong Hao suggested that the Hong Kong market will see continued inflows from mainland and overseas investors, supported by ample liquidity and potential interest rate cuts from the Federal Reserve [5]