SMIC(HK:00981) Guodu Securities Hongkong·2025-05-09 01:45Market Overview - The Hang Seng Index rose by 84 points, marking a six-day consecutive increase totaling 803 points, closing at 22,775 points [3][4] - The total market turnover was 185.9 billion HKD, with net selling from northbound trading at 2.38 billion HKD [3][4] Macro & Industry Dynamics - Hong Kong's foreign exchange reserves decreased by 3.8 billion USD in April, totaling 408.7 billion USD, which is over five times the currency in circulation [7] - The three major note-issuing banks in Hong Kong maintained their prime rates, with HSBC's prime rate at 5.25% [8] - In April, China's retail sales of new energy vehicles increased by 37% year-on-year, with a retail penetration rate of 52.3% [9] Company News - Semiconductor company SMIC reported a 162% year-on-year increase in Q1 net profit, amounting to 188 million USD, with revenues of 2.247 billion USD, up 28.4% [12] - China Merchants Bank announced plans to establish a financial asset investment company with an investment of 15 billion RMB, pending regulatory approval [13] - Dongfeng Group's vehicle sales fell by 21% in the first four months of the year, with new energy vehicle sales increasing by 27.73% [14] - Hua Hong Semiconductor reported an 88% decline in Q1 profit, with revenues of 541 million USD, up 17.6% year-on-year [15]