港股AI应用、半导体股大跌，智谱重挫10%，中芯国际跌近6%，泡泡玛特两日跌超30%

Market Overview - The Hong Kong stock market experienced a decline, with the Hang Seng Index falling by 1.89% to 24,856.43 points and the Hang Seng Tech Index dropping by 3.28% to 4,761.54 points [1][2]. Company Performance - Kuaishou's stock plummeted by over 14% after the release of its Q4 2025 financial report, which showed a total revenue increase of 12.5% year-on-year to RMB 142.8 billion and an adjusted net profit of RMB 20.6 billion, up 16.5% year-on-year, with a net profit margin of 14.5% [2]. - Pop Mart continued its downward trend, with a stock price drop exceeding 10%, following a previous decline of over 22%, resulting in a total two-day drop of over 30%. The company's 2025 revenue reached RMB 37.12 billion, a year-on-year increase of 184.7%, and an adjusted net profit of RMB 13.08 billion, up 284.5% [3]. Sector Performance - The technology sector saw significant declines, with major companies like Kuaishou, Alibaba, and JD Health all experiencing stock price drops of over 4% [2]. - In contrast, the oil and gas sector showed resilience, with companies like Baqian Oil Services rising over 8% and China Gas up over 5% [3].