Market Overview - The Hong Kong stock market experienced fluctuations, with the Hang Seng Index closing at 23,831 points, down 145 points or 0.61% [1] - The weekly performance showed a rise of 156 points or 0.59%, with the Hang Seng Tech Index increasing by 5.09% [1][5] - The Southbound funds under the Stock Connect recorded a net inflow of HKD 4.84 billion, indicating continued interest in Hong Kong stocks [1] Key Industry Insights - The AI sector is highlighted as a significant growth area, with Baidu Group (9888HK) seeing a 14.3% increase last week, totaling a 52% rise since the recommendation [3] - The non-essential consumer sector surged by 4.86%, while the financial sector declined by 3% [1][5] - The report suggests focusing on technology sectors such as AI applications, semiconductors, and industrial software, as well as upstream non-ferrous metals benefiting from favorable economic conditions [3] Company Performance - Li Ning Company (2331HK) reported a revenue of HKD 14.817 billion for the first half of 2025, reflecting a year-on-year growth of 3.3% [10] - The company's gross margin was 50%, slightly down by 0.4 percentage points due to increased promotional activities [10] - The net profit for Li Ning was HKD 1.737 billion, a decline of 11% year-on-year, with a net profit margin of 11.7% [10] Upcoming IPOs - Upcoming IPOs include Zijin Mining International (2259) in the non-ferrous metals sector and Chery Automobile (9973) in the automotive sector, with listing dates set for late September 2025 [13]
平安证券（香港）港股晨报-20250922
Ping An Securities Hongkong·2025-09-22 02:15