Market Overview - The Hong Kong stock market opened mixed on July 11, with the Hang Seng Index slightly up by 0.02%, while the Hang Seng Tech Index and the China Enterprises Index fell by 0.28% and 0.06% respectively [1] Industry Insights - Huatai Securities suggests that the current Hong Kong tech sector is at a convergence of "valuation trough" and "industry transformation," with the interplay of capital, policy, and technology enhancing its investment value [2] - China Galaxy Securities indicates that despite rising global macro risks, the absolute valuation of Hong Kong stocks remains relatively low, presenting medium to long-term investment value, particularly in the tech sector due to strong policy support and growth potential [3] - Citic Securities anticipates that ongoing reforms in the Hong Kong listing system will improve asset quality and liquidity, with continued inflow of southbound capital [3] Company News - Xiaomi Group reported that it has delivered over 300,000 vehicles within 15 months of launching its automotive division, raising its annual delivery target for 2025 to 350,000 units [7] - WuXi AppTec expects its revenue for the first half of 2025 to reach approximately 20.799 billion yuan, a year-on-year increase of about 20.64%, with adjusted net profit projected to grow by approximately 44.43% to around 6.315 billion yuan [7] - Dongyue Group anticipates a significant year-on-year increase of about 150% in net profit for the first half of the year [8] - "Jia Ge Peng You" Holdings reported a cumulative GMV of approximately 6.98 billion yuan for the first six months, reflecting a year-on-year growth of about 17.11% [9] - Datang Renewable completed a power generation volume of approximately 18.88 million MWh in the first half of the year, marking a year-on-year increase of 10.22% [10]