SMIC(HK:00981) Zhi Tong Cai Jing·2025-12-24 05:20Market Overview - The Hong Kong stock market showed a positive atmosphere before Christmas, with all three major indices rising. The Hang Seng Index increased by 0.17% to close at 25,818.93 points, with a total turnover of HKD 92.524 billion [1] - CITIC Securities believes that after a one-sided rise in September, the Hong Kong stock market has experienced fluctuations since October due to changing overseas macro expectations. Currently, quality assets in the Hong Kong market are entering a high cost-performance ratio zone, supported by continuous capital inflow and improved profit expectations [1] Blue Chip Performance - Semiconductor company SMIC (00981) led the blue-chip stocks, rising by 3.12% to HKD 71.05, contributing 15.52 points to the Hang Seng Index. The company has implemented a price increase of approximately 10% on some of its production capacity [2][4] - Other notable blue-chip performances include China Hongqiao (01378) up 2.34%, and CK Infrastructure (01038) up 1.83%. However, Haier Smart Home (06690) and Alibaba Health (00241) saw declines of 2.32% and 1.53%, respectively [2] Sector Highlights - The semiconductor sector saw most stocks rise, with notable increases from companies like Jingmen Semiconductor (02878) up 3.53% and Huahong Semiconductor (01347) up 1.64%. The price increase by SMIC is attributed to rising raw material costs and strong demand driven by mobile applications and AI [3][4] - Nickel-related stocks were active, with Likin Resources (02245) rising by 11.44% and Xinjiang Xinmin Mining (03833) up 7.42%. This activity is linked to Indonesia's reduction in nickel production targets to stabilize prices [5] - Dairy stocks also performed well, with Yurun Dairy (09858) up 7.34% and Modern Dairy (01117) up 6.9%. The Chinese government's anti-subsidy measures on EU dairy imports are expected to enhance the competitive position of domestic dairy producers [6] Notable Stock Movements - Baiaosaitu-B (02315) saw a significant increase of 22.23% to HKD 35.08, following adjustments in the Hong Kong Stock Connect eligibility [7] - Yujian (02432) rebounded by 9.41% to HKD 31.62 after a recent unlock of shares, with the company launching a new AI-driven household robot [8] - Zai Ding Pharmaceutical (09688) rose by 6.24% to HKD 14.48 after receiving approval for a new schizophrenia treatment, marking a significant breakthrough in the field [9] - CGN Mining (01164) continued its upward trend, increasing by 5.02% to HKD 3.35, supported by forecasts of rising uranium prices [10]