Group 1 - The Hong Kong stock market indices collectively declined, with the semiconductor sector rising and innovative drug concepts experiencing significant losses [1] - Southbound funds have net bought Hong Kong stocks for nine consecutive trading days, with over 10 billion HKD net purchases on the day of reporting [1] - There has been a notable shift in southbound fund preferences, moving away from Pop Mart, which had surged earlier in the year, and favoring core AI assets like Alibaba [1] Group 2 - Open Source Securities suggests that funds are seeking "outlets" for AI hardware and applications, positioning the Hong Kong internet sector as a potential beneficiary [2] - Alibaba is increasing its investment in self-developed AI chips, enhancing its influence in the core computing power segment, while Oracle's AI cloud business guidance exceeded expectations, indicating strong demand for AI and cloud services [2] - The Hang Seng Technology Index ETF (513180) includes leading companies in AI, smart driving, gaming media, chip manufacturing, consumer electronics, and platform economy, with major holdings in Alibaba, Tencent, Xiaomi, and others [2]

重庆机电(02722)涨超8%，高见2.04港元刷新年内新高，年初至今股价已累涨逾1.6倍。截至发稿，涨 8.02%，报2.02港元，成交额4711.65万港元。 浙商证券（601878）指出，柴油发电机组是数据中心电力系统建设必备的备用电源。随着全球AI算力 中心建设加速，高性能、高可靠性柴发机组的需求迎来爆发式增长。国元国际指出，公司主业盈利能力 稳健提升，大马力发动机持续高景气。公司上半年营业总额约46.58亿元(人民币，下同)，同比增长 9.2%；公司毛利同比上升约10.4%。叠加重庆康明斯和日立能源在大马力发动机和特高压行业的经营红 利，公司股东应占利润达4.16亿元，同比增长53.8%。 消息面上，OpenAI据悉已签署一项协议，将在大约五年内向甲骨文购买价值3000亿美元的算力。此 外，9月10日，中国信通院云计算与大数据研究所在2025年开放数据中心大会上正式发布《算力经济发 展研究报告(2025年)》。报告指出2025年中国智能算力规模将达到1037.3EFLOPS，预计到2028年将达 到2781.9EFLOPS。 ...

人民财讯9月11日电，康圣环球(09960.HK)消息，公司旗下武汉希诺医学检验实验室通过CAP(美国病理 学家协会)认证。 ...

数据显示，上半年神州控股实现营业收入 78.65 亿元，同比增长 12%；毛利10.33亿元人民币，较去年 同期增长8%，归母净利润 1521 万元，同比大幅增长 41%。报告期内，公司新签约金额达 94.76 亿元， 同比激增 98%；已签未销订单 104.41 亿元，同比增长 27%。 公司管理层指出，数据是 AI 释放效能的核心，场景化能力是当前 AI 赛道竞争关键，因此在强化数据 层能力的同时，结合行业场景优势形成了技术闭环。据悉，神州控股未来还将开放数据能力基座与 AI 工具链，降低赋能门槛、扩大生态影响力。 北京商报讯（记者 陶凤 实习记者 王天逸） 9月11日，北京商报记者获悉，神州控股日前召开了2025年 度中期业绩说明会，管理层就上半年经营成果、技术研发进展、面向核心场景的业务进展，以及生态战 略的推进落实情况进行详细解读，并对投资者关切问题做出回应。 ...

相关事件 基石药业-B(02616.HK)遭非执行董事胡正国减持22.3万股 基石药业-B(02616.HK)授出合共480万份购股 权 减持后，胡正国最新持股数目为247.1万股，持股比例由0.18%下降至0.17%。 格隆汇9月11日丨根据联交所最新权益披露资料显示，2025年9月5日，基石药业-B(02616.HK)遭非执行 董事胡正国在场内以每股均价12.007港元减持22.3万股，涉资约267.8万港元。 ...

Group 1 - Chongqing Machinery and Electric (02722) shares rose over 8%, reaching a new high of 2.04 HKD, with a year-to-date increase of over 160% [1] - OpenAI has reportedly signed an agreement to purchase computing power worth 300 billion USD from Oracle over approximately five years [1] - The China Academy of Information and Communications Technology released a report indicating that China's intelligent computing power is expected to reach 1,037.3 EFLOPS by 2025 and 2,781.9 EFLOPS by 2028 [1] Group 2 - According to Zheshang Securities, diesel generator sets are essential backup power sources for data center power systems, with demand for high-performance and reliable diesel generator sets expected to surge due to the rapid construction of global AI computing centers [1] - Guoyuan International noted that the company's main business profitability is steadily improving, with large-capacity engines experiencing sustained high demand [1] - The company reported a total operating revenue of approximately 4.658 billion RMB for the first half of the year, a year-on-year increase of 9.2%, and a gross profit increase of about 10.4% [1] - The company's net profit attributable to shareholders reached 416 million RMB, a year-on-year increase of 53.8% [1]

消息面上，正力新能公布，公司股份已被调入沪港通及深港通下港股通标的证券名单，自9月8日起生 效。董事会认为，公司被调入沪港通及深港通下港股通标的证券名单，将有助加快扩大公司股东基础及 提高公司股份的交易流通性，并进一步提高公司在资本市场上的声誉及公司的品牌知名度。 值得注意的是，8月18日，零重力飞机工业与正力新能正式签署航空能源系统战略合作协议，由正力新 能配套的锐翔RX1E系列电动固定翼飞机航空电池，随整机获批中国民航局颁发的适航证，正式开启批 量化交付。此次与正力新能的合作将进一步优化锐翔RX1E系列的产品力，标志中国目前唯一可商用的 电动轻型运动类飞机RX1E系列正式进入加速批量化生产时代。 正力新能(03677)再涨超5%，截至发稿，涨5.67%，报11.55港元，成交额1.41亿港元。 ...

Core Viewpoint - Starbucks is in the final stages of selling its stake in the Chinese market, with potential buyers including Boyu Capital, Carlyle Group, EQT, and Sequoia China, aiming to finalize the deal by the end of October [1] Group 1: Stake Sale Details - The sale involves discussions about the proportion of equity Starbucks will retain, with reports suggesting that Starbucks may keep around 30% of the stake while distributing the remaining shares among several buyers [2] - CEO Brian Niccol emphasized the importance of retaining a significant portion of equity to maintain operational control in China [3] Group 2: Operational Flexibility - Starbucks has demonstrated increased operational flexibility in China, including a partnership with Xiaohongshu to enhance community engagement in over 1,800 stores [7] - The company has also adjusted pricing strategies, reducing prices on key products, resulting in significant sales growth, particularly for iced tea and frappuccinos [8][10] Group 3: Competitive Landscape - The competitive environment in the Chinese coffee market is intensifying, with Luckin Coffee reporting a 47.1% year-on-year revenue increase, significantly outpacing Starbucks [11] - Other domestic brands, such as Kudi Coffee, are rapidly expanding, with Kudi surpassing 15,000 stores and achieving profitability [12] - Starbucks reported a 2% year-on-year same-store sales growth, with a decline in average transaction value, highlighting the challenges faced in maintaining market share [12] Group 4: Strategic Importance of Local Partnerships - Finding a partner that understands the Chinese market is crucial for Starbucks' expansion strategy, as indicated by CEO Brian Niccol [13] - The outcome of the stake sale will determine the future operational dynamics of Starbucks in China [14]

智通财经APP获悉，富瑞发布研报称，阿里巴巴-W(09988,BABA.US)公布拟发行32亿美元零息可换股债 券，反映其对前景信心，集资主要用于云端运算及国际商务业务。相较现有现金储备，发行可转换债券 可降低资金成本。其对阿里巴巴的目标价为172港元，美股目标价为178美元。基于阿里巴巴的市值规 模，富瑞估计摊薄影响有限。如近期报告所述，云端运算业务在AI需求驱动下预期维持高速增长，而 快闪店业务将随着用户体验提升释放协同效应。 ...

消息面上，正力新能公布，公司股份已被调入沪港通及深港通下港股通标的证券名单，自9月8日起生 效。董事会认为，公司被调入沪港通及深港通下港股通标的证券名单，将有助加快扩大公司股东基础及 提高公司股份的交易流通性，并进一步提高公司在资本市场上的声誉及公司的品牌知名度。 值得注意的是，8月18日，零重力飞机工业与正力新能正式签署航空能源系统战略合作协议，由正力新 能配套的锐翔RX1E系列电动固定翼飞机航空电池，随整机获批中国民航局颁发的适航证，正式开启批 量化交付。此次与正力新能的合作将进一步优化锐翔RX1E系列的产品力，标志中国目前唯一可商用的 电动轻型运动类飞机RX1E系列正式进入加速批量化生产时代。 智通财经APP获悉，正力新能(03677)再涨超5%，截至发稿，涨5.67%，报11.55港元，成交额1.41亿港 元。 ...