预期转为除税后纯利主要由于以下原因：1)收益大幅增长，主要源于HTML5游戏「一步两步」，该游 戏于2024年下半年推出并于2025年进入回收周期，其前期发行及持续营运工作取得可观回报；及2)集团 于一间非上市有限合夥企业投资确认的投资亏损由截至2024年12月31日止年度约人民币1740万元预期减 少至截至2025年12月31日止年度约人民币600万元至人民币900万元。该减少主要由于该非上市有限合夥 企业多项投资的公允价值变动所致，其主要投资于智能系统、自动系统及资讯科技领域。 格隆汇2月27日丨飞鱼科技(01022.HK)公布，预期集团于截至2025年12月31日止年度可能录得除税后纯 利介乎约人民币8000万元至人民币12000万元，而于截至2024年12月31日止年度则为除税后亏损净额约 人民币4610万元。 ...

Core Insights - The Hong Kong Stock Exchange Technology 100 Index (HKEXT100) has risen by 1.14% as of January 5, 2026, with most of the top ten weighted stocks showing positive performance [1] - The index tracks the performance of the 100 largest technology companies listed on the Hong Kong Stock Exchange, covering six major innovative themes [1] - The launch of the HKEXT100 index highlights the key role of the Hong Kong market in promoting the development of emerging industries [1] Stock Performance - Kuaishou-W increased by 10.87% - Innovent Biologics rose by 6.15% - BeiGene gained 5.47% - WuXi Biologics went up by 3.69% - Alibaba-W saw an increase of 2.48% - SMIC rose by 2.33% - Tencent Holdings increased by 0.48% - Meituan-W decreased by 0.10% - BYD Company fell by 1.87% - Xiaomi Group-W dropped by 2.33% [1] Index Features - The HKEXT100 index includes companies involved in artificial intelligence, biotechnology and pharmaceuticals, electric vehicles and smart driving, information technology, internet, and robotics [1] - All constituent stocks meet the qualifications for southbound trading, providing investors with an effective and comprehensive investment tool [1] - The index aims to help investors seize opportunities in technology and emerging sectors [1]

Core Viewpoint - The Hong Kong Stock Exchange has launched the HKEXT100 index, which tracks the performance of the top 100 technology companies listed on the exchange, highlighting its role in promoting emerging industries [1] Group 1: Index Performance - As of 14:16, the HKEXT100 index increased by 1.43% [1] - Notable gainers include JD Health up 2.13%, Innovent Biologics up 1.96%, Meituan up 1.87%, Tencent Holdings up 1.65%, Alibaba up 1.25%, Kuaishou up 1.07%, SMIC up 0.85%, and Xiaomi Group up 0.45% [1] - Decliners include BYD down 0.11% and Hansoh Pharmaceutical down 0.51% [1] Group 2: Index Composition and Purpose - The HKEXT100 index includes companies from six major innovative themes: artificial intelligence, biotechnology and pharmaceuticals, electric vehicles and smart driving, information technology, internet, and robotics [1] - The index constituents are eligible for southbound trading, providing investors with a comprehensive investment tool to capture opportunities in technology and emerging sectors [1]

Group 1 - The Hong Kong Stock Exchange has launched the Hong Kong Stock Exchange Technology 100 Index, which tracks the performance of the 100 largest technology companies listed on the exchange, covering six major innovation themes: artificial intelligence, biotechnology and pharmaceuticals, electric vehicles and smart driving, information technology, internet, and robotics [1] - The index includes only stocks that qualify for the Stock Connect program, catering to both international and mainland Chinese investors [1] - Lijun Pharmaceutical Group has been selected as one of the first constituent stocks of the Hong Kong Stock Exchange Technology 100 Index, highlighting its strong performance in the biopharmaceutical sector [2] Group 2 - Lijun Pharmaceutical, listed on both the Shenzhen Stock Exchange and the Hong Kong Stock Exchange, has distinguished itself through its deep expertise in biomedicine, continuous R&D investment, and strong market performance [2] - The inclusion in the Technology 100 Index is seen as a recognition of the company's commitment to technological innovation and high-quality development, enhancing its visibility and influence in the international capital market [2] - This recognition is expected to encourage Lijun Pharmaceutical to continue its focus on R&D innovation and expedite the development of its pipeline, further solidifying its core competitiveness in the biopharmaceutical field [2]

Core Viewpoint - The Hong Kong Stock Exchange has launched the Hong Kong Stock Exchange Technology 100 Index, which tracks the performance of the 100 largest technology companies listed on the exchange [1] Group 1: Index Overview - The Hong Kong Stock Exchange Technology 100 Index is the first index of its kind for Hong Kong stocks, focusing on major technology firms [1] - The index covers six major innovation themes: artificial intelligence, biotechnology and pharmaceuticals, electric vehicles and smart driving, information technology, internet, and robotics [1] Group 2: Constituent Stocks - Initial constituent stocks of the Technology 100 Index include major companies such as Tencent Holdings, Alibaba, Xiaomi Group, and Meitu [1] - The index features a rapid inclusion mechanism, allowing newly listed companies that meet specific criteria to be added outside the regular review cycle after being included in the Hong Kong Stock Connect trading [1]

Core Viewpoint - The Hong Kong Stock Exchange (HKEX) has officially launched its first Hong Kong stock index, the HKEX Technology 100 Index, marking a significant milestone in the expansion of its index business and the development of the regional capital market ecosystem [1] Group 1: Index Characteristics - The HKEX Technology 100 Index tracks the performance of 100 of the largest technology companies listed on the Hong Kong Stock Exchange, covering six major innovative themes: artificial intelligence, biotechnology and pharmaceuticals, electric vehicles and smart driving, information technology, internet, and robotics [2][3] - The index is designed to meet the diverse investment needs of the technology sector, using a free-float market capitalization weighting method with a maximum weight of 12% for each constituent stock [3] - A rapid inclusion mechanism is established to ensure timely reflection of market dynamics, allowing representative new stocks to be added outside of regular adjustments [3] Group 2: Adjustment and Eligibility Criteria - The index undergoes semi-annual adjustments, with the next scheduled for June 2026, and has specific criteria for constituent stocks, including a minimum listing period of six months and liquidity requirements [3][4] - Stocks that no longer meet the eligibility for the Stock Connect program will be removed from the index, ensuring its investability [4] Group 3: Index Types and ETF Launch - The HKEX Technology 100 Index includes various types such as price index, total return index, and net return index, available in multiple currencies including HKD, RMB, and USD [5] - HKEX has partnered with E Fund Management to launch an ETF tracking the HKEX Technology 100 Index in mainland China, aiming to meet the strong demand from domestic investors for technology investment opportunities in the Hong Kong market [6]

Core Viewpoint - The Hong Kong Stock Exchange (HKEX) has launched its first stock index, the HKEX Technology 100, which includes companies from various technology sectors such as artificial intelligence, biotechnology, electric vehicles, and robotics [1][4] Group 1: Index Characteristics - The HKEX Technology 100 index has four main characteristics: broad market capitalization coverage, listing time requirements with a rapid inclusion mechanism, eligibility for Stock Connect trading, and a diverse range of technology sectors [1] - The index selection criteria include: a minimum listing period of six months, a fundamental requirement where R&D expenditure must account for at least 3% of revenue or revenue must grow by at least 5% year-on-year, and a liquidity requirement with an average daily trading volume exceeding 20 million HKD over the past six months [4] Group 2: Strategic Importance - The CEO of HKEX, Charles Li, stated that this index represents a significant milestone in the development of the group's index and data business, highlighting Hong Kong's critical role in promoting the growth of emerging industries [4] - The index provides investors with an effective and comprehensive investment tool to capitalize on opportunities in technology and emerging sectors [4]

Core Viewpoint - The Hong Kong Stock Exchange (HKEX) has launched the "HKEX Technology 100 Index" to expand its index business and enhance the capital market ecosystem in the region, with a focus on technology companies [1] Group 1: Index Launch and Composition - The HKEX Technology 100 Index is the first broad-based stock index launched by HKEX, tracking the performance of the 100 largest technology companies listed on the Hong Kong Stock Exchange [1] - The index includes only stocks that qualify for the Stock Connect program, catering to both international and mainland Chinese investors [1] - The constituent companies span six major innovative themes: artificial intelligence, biotechnology and pharmaceuticals, electric vehicles and smart driving, information technology, internet, and robotics [1] Group 2: Company Recognition and Benefits - The inclusion of the company in the index reflects its compliance with strict standards in terms of growth potential, market capitalization, liquidity, and financial health, enhancing its brand reputation and market credibility [1] - The index is expected to improve the company's stock liquidity and trading activity [1] Group 3: Strategic Partnerships - HKEX has signed an agreement with E Fund Management Co., a mainland Chinese asset management company, to launch an exchange-traded fund (ETF) tracking the HKEX Technology 100 Index in mainland China [1]

Group 1: Investment Opportunities - Morgan Fund has lifted the QDII limit, allowing multiple funds to accept subscriptions up to 100,000 yuan in a single day, with potential total purchases reaching 200,000 yuan for certain combinations [1] - The funds cover a wide range of investment directions, including U.S. stocks, short-term U.S. Treasury bonds, Europe, Japan, resource products, and global multi-asset allocation [1] Group 2: Currency Exchange Rate Insights - The RMB has been appreciating since May, with increasing attention from investors [2] - Domestic institutions are generally optimistic, predicting the RMB could break 7 and even reach 6.8 by the end of next year, while foreign institutions have mixed views, with some predicting a range between 6.7 and 7.05 [4][5] - The appreciation of the RMB is supported by a weaker U.S. dollar, which has declined by 12.5% from its peak earlier this year [7] - Strong corporate foreign exchange settlement intentions are a major driving force behind the RMB's appreciation, with a record settlement of 51 billion USD in May [8] Group 3: Market Reactions and Trends - The appreciation of the RMB is expected to benefit the stock market, as previous bull markets have coincided with RMB appreciation [11] - Recent market sentiment has been mixed, with a notable increase in financing data indicating investor willingness to enter the market if conditions improve [13] - The technology sector has shown resilience, with specific indices reaching historical highs, while other sectors like liquor have faced significant declines [15][18]

Core Viewpoint - The Hong Kong Stock Exchange (HKEX) has launched the HKEX Technology 100 Index, the first technology-focused stock index in Hong Kong, tracking the performance of the 100 largest technology companies listed on the exchange [1] Group 1: Index Overview - The HKEX Technology 100 is a broad-based stock index that includes companies from six major innovation themes: artificial intelligence, biotechnology and pharmaceuticals, electric vehicles and smart driving, information technology, internet, and robotics [1] - All constituent stocks of the index are eligible for the Stock Connect program, catering to the investment needs of both international and mainland Chinese investors [1] Group 2: Constituent Companies - Major companies included in the index are Tencent Holdings, Alibaba, Xiaomi Group, Meituan, JD Group, as well as emerging tech firms like Meitu and Yixin Group [1] - The index also features new energy and smart driving companies such as CATL and BYD, along with AI and robotics firms like Fourth Paradigm and UBTECH [1] Group 3: Market Impact - HKEX Group CEO, Charles Li, stated that the index covers multiple innovative industries that are reshaping the Hong Kong stock market landscape, highlighting the market's critical role in promoting the development of these emerging sectors [1] - The index serves as an effective and comprehensive investment tool for investors to seize opportunities in technology and emerging fields [1]