Group 1 - Hong Kong Exchanges and Clearing Limited launched the Hong Kong Stock Exchange Technology 100 Index, which includes liquidity hard indicators and R&D growth soft thresholds for constituent stocks [1] - The selected stocks must have an average daily trading volume of at least HKD 20 million over the past six months and either R&D expenditure accounting for over 3% of revenue or revenue growth exceeding 5% over the past two years [1] - Notable companies included in the index are AAC Technologies (02018.HK), Tencent Holdings (00700.HK), CATL (03750.HK), and SMIC (00981.HK) [1] Group 2 - AAC Technologies has made significant business advancements, including the full acquisition of Finnish waveguide company Dispelix and collaboration with leading global mobile terminal ecosystem builders to develop next-generation XR reference design hardware [2] - The company is also working with several top global manufacturers to develop next-generation AR devices and has secured partnerships for "Doubao AI Phone" and Quark AI glasses, providing critical support in areas such as X-axis linear motors and acoustic systems [2] - Goldman Sachs has a positive outlook on the company's components for edge AI devices, predicting growth opportunities from the increasing number of cameras in AR glasses and the application of optical combiners [2] - The firm maintains a "Buy" rating with a 12-month target price of HKD 68.6, while Zhongyou Securities also supports the company's "AI + perception" strategy with a "Buy" rating [2]

Group 1 - Hong Kong Exchanges and Clearing Limited launched the Hong Kong Stock Exchange Technology 100 Index, which includes stocks that meet specific liquidity and R&D growth criteria [1] - Selected stocks include AAC Technologies (2018.HK), Tencent Holdings (00700), CATL (03750), and SMIC (00981) [1] - AAC Technologies reported a revenue of HKD 13.32 billion for the first half of 2025, a year-on-year increase of 18.4%, and a net profit of HKD 876 million, up 63.1% year-on-year [1] Group 2 - AAC Technologies has made significant business advancements, including the acquisition of Finnish waveguide company Dispelix and collaborations on next-generation AR devices [1] - The company is also involved in partnerships for "Doubao AI Phone" and Quark AI glasses, enhancing its "AI + perception" strategy [1] - Goldman Sachs expressed optimism about the growth opportunities for AAC Technologies in the end-side AI device market, particularly in AR glasses and optical combiners [2] - The firm maintains a "buy" rating with a 12-month target price of HKD 68.6 [2] - Zhongyou Securities also supports the company's "AI + perception" strategy, maintaining a "buy" rating [2]