智通财经网·2026-02-13 09:03Market Overview - The Hong Kong stock market experienced a decline on the last trading day of the Year of the Snake, with the Hang Seng Index falling by 1.72% or 465.42 points, closing at 26,567.12 points, and a total trading volume of 257.58 billion HKD [1] - The recent pullback in the Hong Kong stock market is attributed to weak fundamentals, concerns over tightening liquidity, and a decrease in the attractiveness of the market's unique structure [1] - The overall credit cycle is showing signs of weakness, limiting the market index's potential, with the Hang Seng Index's benchmark level estimated between 28,000 and 29,000 points [1] Blue-Chip Stocks Performance - Zijin Mining (02899) led the blue-chip decline, dropping 7.64% to 41.58 HKD, contributing a loss of 33.26 points to the Hang Seng Index [2] - Other notable blue-chip movements included Haidilao (06862) rising by 3.13% to 17.15 HKD, and Lenovo Group (00992) increasing by 2.89% to 9.26 HKD [2] Sector Performance - Large technology stocks continued to decline, with Alibaba-W falling over 2% and Tencent Holdings dropping nearly 1% [3] - Domestic large model stocks saw gains, with Zhiyun (02513) increasing by 20.65% to 485 HKD and MiniMax-WP (00100) rising by 15.65% to 680 HKD [3] Commodity Sector - The non-ferrous metals sector experienced a broad decline, with China Nonferrous Mining (01258) down 5.27% to 14.91 HKD and Zijin Mining (02899) down 4.98% to 42.78 HKD [5] - The recent U.S. non-farm payroll data exceeded expectations, leading to a delay in market expectations for a Federal Reserve rate cut, which impacted commodity prices [5] AI and Technology Developments - The release of several domestic AI models has been frequent, with significant advancements in capabilities, such as DeepSeek's new model and ByteDance's Seedance 2.0, which aims to lower video creation costs [4] - The RoboX industry is accelerating towards commercialization, with strong policy support expected to drive market penetration and unlock significant market potential by 2026-2027 [7] Company-Specific Highlights - Health Road (02587) saw a strong performance, rising 13.87% to 5.09 HKD, with projected revenue for 2025 expected to exceed 1.5 billion RMB, marking a growth of at least 25% [8] - MicroPort Robotics-B (02252) reported a strong performance with a rise of 11.71% to 29 HKD, as its core product orders surpassed 200 units globally [9] - China High Precision (00591) faced a significant decline of 25% to 0.27 HKD, with expected profit reductions attributed to project delays in the automation sector [10]