Group 1 - The core point of the news is the performance and characteristics of the convertible bond issued by Yaoji Technology, which has seen a price increase and a specific conversion premium rate [1] - The convertible bond has a credit rating of "A+" and a maturity period of 6 years with varying interest rates over the years [1] - The conversion price for the bond is set at 20.08 yuan, with the conversion period starting on July 31, 2024 [1] Group 2 - Yaoji Technology, originally established as Shanghai Yaoji Poker Co., Ltd. in 1994, has become a leading manufacturer in the global playing card industry, producing 800 million decks annually [2] - The company has transitioned from traditional manufacturing to a comprehensive innovative enterprise, investing in various high-quality internet technology and healthcare companies [2] - For the first quarter of 2025, Yaoji Technology reported a revenue of 778.7 million yuan, a year-on-year decline of 20.67%, and a net profit of 140.7 million yuan, down 6.7% year-on-year [2] - As of March 2025, the shareholding structure of Yaoji Technology is relatively dispersed, with the top ten shareholders holding a combined 53.5% of shares [2]

Group 1: Market Overview - The Hong Kong stock market continued its rebound, with the Hang Seng Index rising by 0.68%, the National Enterprises Index increasing by 0.65%, and the Hang Seng Technology Index up by 0.73% [2] - The total market turnover decreased to HKD 229.39 billion, while the total short-selling amount on the main board rose to HKD 40.02 billion, reaching the highest level since early June [2] - Southbound capital saw a net inflow of HKD 23.43 billion after a significant outflow the previous day, with the most net purchases in the top ten active stocks being in the Tracker Fund of Hong Kong, Tencent, and Kuaishou [2] Group 2: Sector Performance - Large technology stocks showed mixed performance, with Kuaishou rising nearly 3% and Tencent and Netease increasing over 1%, while Xiaomi, Alibaba, and Meituan experienced slight adjustments [4] - The biopharmaceutical sector saw a surge, with Junshi Biosciences rising nearly 34% and other companies like CanSino Biologics and WuXi AppTec also experiencing significant gains, driven by favorable national pharmaceutical policies and increased innovation in drug development [4] - The paper industry performed well, with leading companies initiating a new round of price increases due to rising raw material costs, exemplified by Chenming Paper's nearly 15% increase in stock price [4] Group 3: Company Analysis - Geely Automobile - Geely Automobile reported a strong sales performance in July, with total sales of 238,000 vehicles, a year-on-year increase of 57.7%, and a month-on-month increase of 0.7% [8] - The sales of new energy vehicles reached 130,000 units, marking a year-on-year growth of 120.4% and a penetration rate of 54.7% [8] - Geely plans to launch five new models in the second half of the year, including the Galaxy A7 and M9, which are expected to be popular due to their high cost-performance ratio [9] Group 4: Strategic Developments - Geely and Zeekr officially merged on July 15, with Geely acquiring all issued shares of Zeekr, aiming to reduce operational costs and enhance efficiency through unified management while maintaining brand independence [10] - The investment outlook for Geely remains positive, with expectations of sustained high growth in performance driven by strong product capabilities and improved internal operations, maintaining a target price of HKD 26.0 [10]

Core Viewpoint - The Hong Kong stock market showed a mixed performance with the Hang Seng Index slightly rising by 0.18%, briefly surpassing the 25,000-point mark, while the Hang Seng China Enterprises Index fell by 0.03% and the Hang Seng Tech Index increased by 0.03% [1] Group 1: Technology Sector - Major technology stocks exhibited varied performance, with Alibaba rising by 2% and Tencent increasing by 1.79%, while Meituan and Baidu fell over 1% [1] - The upcoming Apple iPhone 17 series launch on September 9 has positively influenced Apple-related stocks, which mostly strengthened [1] Group 2: Commodity and Industrial Sectors - The "anti-involution" related sectors saw significant gains, with a price increase trend contributing to the rise of paper stocks, exemplified by Nine Dragons Paper surging over 11% [1] - Steel and coal stocks also performed well, with Maanshan Iron & Steel reaching a new high and China Shenhua hitting an all-time high price [1] Group 3: Other Sectors - The restaurant sector faced notable declines, with Yum China dropping over 4% post-earnings, and other restaurant stocks like Jiumaojiu and Haidilao also declining [1] - Innovative drug concept stocks experienced a volatile trading pattern, while brain-computer interface stocks, gaming stocks, domestic bank stocks, and semiconductor stocks all saw declines [1]

隔夜美股三大指数集体收跌，中概指数跌0.56%。连续2日反弹的港股三大指数低开，恒指跌0.15%，国 指跌0.21%，恒生科技指数跌0.31%。盘面上，大型科技股多数呈现下跌行情，其中，百度跌超1%，阿 里巴巴、小米、美团、网易均飘绿，腾讯、京东小幅上涨；创新药概念股继续走强，与DoveTree完成总 订单规模约470亿港元的管线合作签约，晶泰科技大涨15%，歌礼制药、康方生物、远大医药、金斯瑞 生物科技皆上涨；宇树发布新款四足机器狗，机器人概念股多数活跃，纸业股继续昨日上涨。另一方 面，餐饮股走低，百胜中国跌超6%，钢铁股、汽车股、电信股、快递物流股普遍下跌。(格隆汇) 相关事件 港股收评：恒生指数涨0.62%！光伏、钢铁成亮点，军工、芯片股表现疲软 港股收评：恒生指数跌 0.56%！内房股、汽车股低迷，黄金股逆势爆发 港股收评：三大指数涨跌不一，恒生科技指数涨 0.56%，医药、军工、汽车大涨 港股收评：恒指再度失守24000，恒生科技指数跌0.33%，医药、芯片、 券商大涨居前 ...

【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com (责任编辑：宋政 HN002) 格隆汇8月6日｜隔夜美股三大指数集体收跌，中概指数跌0.56%。连续2日反弹的港股三大指数低开， 恒指跌0.15%，国指跌0.21%，恒生科技指数跌0.31%。盘面上，大型科技股多数呈现下跌行情，其中， 百度跌超1%，阿里巴巴、小米、美团、网易均飘绿，腾讯、京东小幅上涨；创新药概念股继续走强， 与DoveTree完成总订单规模约470亿港元的管线合作签约，晶泰科技大涨15%，歌礼制药、康方生物、 远大医药、金斯瑞生物科技皆上涨；宇树发布新款四足机器狗，机器人概念股多数活跃，纸业股继续昨 日上涨。另一方面，餐饮股走低，百胜中国跌超6%，钢铁股、汽车股、电信股、快递物流股普遍下 跌。(格隆汇) ...

当地时间8月5日，美股三大股指高开低走，此前因逢低买入推动的反弹告一段落。道指收跌61.9点，报44111.74点，跌幅为0.14%；纳指收跌137.03点，报 20916.55点，跌幅为0.65%；标普500指数收跌30.75点，报6299.19点，跌幅为0.49%。 大型科技股多数下跌，脸书跌逾1%，微软跌逾1%，英伟达跌近1%，苹果跌0.21%，谷歌跌0.19%，特斯拉跌0.17%，亚马逊涨近1%。 特朗普还表示，可能很快宣布美联储新任主席，未来美联储主席范围已缩小到四名候选人，其中不包括财政部长斯科特·贝森特。 医药赛道股多股大涨，辉瑞制药收盘大涨逾5%，联合健康集团大涨逾4%。 中概股涨跌不一，纳斯达克中国金龙指数跌0.56%。热门中概股方面，天境生物涨超15%，知乎涨逾6%，阿特斯太阳能涨超4%，新蛋涨逾4%，大全新能 源涨超3%。联掌门户跌近20%，百胜中国跌超6%，亚朵跌逾4%，霸王茶姬跌超3%，盛美半导体跌逾3%。 美债收益率普遍走高，基准的10年期美债收益率收报4.218%，对利率更加敏感的2年期美债收益率收报3.739%。 当地时间8月5日，美国总统特朗普在接受采访时表示，美国将首先对进 ...

Market Overview - On August 5, US stock indices closed lower, with the Dow Jones down 0.14%, S&P 500 down 0.49%, and Nasdaq down 0.65% [2][4] - The Wind data indicates a decline in the major US technology stocks, with the index for the seven largest US tech companies falling by 0.66% [4] Chinese Stocks - The Nasdaq Golden Dragon China Index decreased by 0.56%, with mixed performance among popular Chinese stocks; Ascentage Pharma rose over 12%, while Tiger Tech International fell over 11% [5] Economic Indicators - The ISM reported that the US non-manufacturing PMI for July dropped to 50.1, below the market expectation of 51.5, indicating a slowdown in the services sector [7] - The employment index fell to 46.4, marking the fourth contraction in the past five months [7] Precious Metals - International precious metal futures generally rose, with COMEX gold futures increasing by 0.25% to $3435 per ounce, and COMEX silver futures rising by 1.36% to $37.835 per ounce [9][10] - Long-term forecasts suggest that "rate cut trades" will continue to catalyze gold prices, with strong support expected from central bank reserves [10] Oil Market - The main contracts for US oil fell by 1.69% to $65.17 per barrel, while Brent crude oil dropped by 1.54% to $67.70 per barrel [9][10] Federal Reserve Leadership - President Trump indicated that he may soon announce a new chair for the Federal Reserve, narrowing down potential candidates to four, excluding Treasury Secretary Scott Pruitt [11]

Core Viewpoint - The recent U.S. non-farm payroll data showed a significant decline, with only 73,000 jobs added in July, far below the expected 104,000, leading to increased expectations for a Federal Reserve rate cut in September [4][5][6]. Group 1: Employment Data Impact - The downward revision of employment data for May and June resulted in a total loss of 258,000 jobs, marking the largest two-month downward adjustment since 1968 outside of recession periods [5][6]. - The weak employment figures have led to a consensus among institutions that the U.S. economy is currently growing below its potential trend [6][7]. Group 2: Market Reactions - Despite the poor employment report, the stock market only experienced a one-day pullback due to strong earnings reports from major tech companies, which boosted confidence in future market performance [7][8]. - Goldman Sachs predicts that the Federal Reserve will implement three rate cuts of 25 basis points each from September to the end of the year, with a possibility of a 50 basis point cut if August employment data worsens [7][8]. Group 3: Currency and Gold Trends - The U.S. dollar index fell back to the 98 range following the non-farm report, with expectations of continued weakness due to anticipated rate cuts by the Federal Reserve [11][12]. - Gold prices have been positively influenced by the weak employment data, rising to around $3,400 per ounce, with expectations for further increases as central banks continue to buy gold [14][15].

Core Viewpoint - Dashi Cloud (DSY) shows a significant increase in net profit despite a substantial decline in total revenue, indicating potential operational efficiency and cost management strategies [1] Financial Performance - As of December 31, 2024, Dashi Cloud reported total revenue of $1.0399 million, a decrease of 74.99% year-on-year [1] - The company achieved a net profit attributable to shareholders of $1.8795 million, reflecting a year-on-year increase of 223.27% [1] Company Overview - Dashi Cloud Holdings Limited is a Cayman Islands-registered holding company that operates primarily through its domestic subsidiary, Guangdong Dashi Cloud Investment Holdings Group Co., Ltd [1] - The subsidiary operates under a C2M (Customer-to-Manufacturer) model, focusing on product research and development, manufacturing, brand operation, and sales [1] - The group specializes in the new consumption field of personal care products, adhering to a self-owned brand development strategy [1] - Dashi Cloud emphasizes innovation and integrity as part of its corporate spirit, aiming for autonomous innovation and development [1]

Market Overview - The Hong Kong stock market showed strong performance on August 5, with the Hang Seng Index rising by 0.68% to close at 24,902.53 points, and the Hang Seng Tech Index increasing by 0.73% [2][3] - The total market turnover was 229.4 billion HKD, slightly lower than the previous trading day, with a net inflow of southbound funds amounting to 23.426 billion HKD [2] Biopharmaceutical Sector - The biopharmaceutical stocks gained significant attention, particularly Junshi Biosciences, which surged by 33.75% to 32.18 HKD per share, marking a year-to-date increase of 177.89% [4][7] - Guojin Securities reported a rising enthusiasm for global dual-antibody development, indicating a window for innovation in the domestic antibody industry, with Junshi Biosciences having extensive experience in monoclonal antibody development [7] Junshi Biosciences - Junshi Biosciences completed a placement of 41 million new shares on June 20, raising approximately 1.026 billion HKD, with 70% of the funds allocated for innovative drug research and 30% for general corporate purposes [8] - The company has developed a series of innovative dual-antibody molecules based on its experience in monoclonal antibodies, including the PD-1 monoclonal antibody, Toripalimab, which was one of the first domestically launched PD-1 inhibitors [7] Other Notable Stocks - Zhujiang Steel Pipe experienced a rise of 27.87% following an announcement regarding a proposed reduction of share premium to offset cumulative losses, which will result in a cumulative profit of approximately 92.224 million RMB by the end of 2024 [9][11] - Xindong Company, a gaming stock, saw a significant increase of 24.76% after announcing an expected revenue of at least 3.05 billion RMB for the first half of 2025, representing a growth of approximately 37% year-on-year [12][16]