TENCENT(HK:00700) Mei Ri Jing Ji Xin Wen·2025-11-14 04:10Market Overview - The Hong Kong stock market opened lower today, with the Hang Seng Index at 26,660.31 points, down 412.72 points, a decline of 1.52% [1] - The Hang Seng Technology Index reported 5,848.48 points, down 132.82 points, a decrease of 2.22% [2] Company Performance - Tencent Holdings (00700.HK) reported strong Q3 results, with revenue of 192.87 billion yuan, a year-on-year increase of 15% and a quarter-on-quarter increase of 5%. Net profit reached 63.13 billion yuan, up 19% year-on-year and 13% quarter-on-quarter. For the first nine months, total revenue was 557.40 billion yuan, a 14% increase year-on-year [4] - JD.com (09618.HK) experienced a decline in net profit, opening down 2.97%. Q3 total revenue was 299.06 billion yuan, a year-on-year increase of 14.85%, while net profit fell by 55.03% to 5.28 billion yuan [5] - SMIC (00981.HK) opened down over 1%. The company reported Q3 sales revenue of 2.38 billion USD, a year-on-year increase of 9.7% and a quarter-on-quarter increase of 7.8%. Gross margin was 22.0%, up 1.6 percentage points quarter-on-quarter, with capacity utilization rising to 95.8%, an increase of 3.3 percentage points [6] - Bilibili (09626.HK) turned a profit, opening down 3% before rebounding. Q3 net revenue was 7.69 billion yuan, a year-on-year increase of 5%, with net profit of 469 million yuan, marking a return to profitability. Daily active users reached 117 million, a 9% increase year-on-year [6] Market Trends - Recent market activity shows a clear rotation among sectors, with strong performance in biopharmaceuticals, lithium batteries, and paper industries, while energy sectors like oil and coal are under pressure due to falling international oil prices. This rotation indicates market vitality and suggests investors should pay attention to different sector drivers [7] - Despite noticeable market fluctuations, the foundation of the Hong Kong bull market remains intact, with expectations for a "volatile upward" trend driven by liquidity easing, policy support, and industrial upgrades [7]