Beishui Trends | Beishui's net purchase of 2,279 billion yuan, continues to sell chip stocks and increases the inventory of Xiaomi (01810) to exceed HK$800 million

The Zhitong Finance App learned that on December 3, the Hong Kong Stock Exchange had a net purchase of HK$2,279 million, of which Hong Kong Stock Connect (Shanghai) had a net purchase of HK$548 million and the Hong Kong Stock Connect (Shenzhen) transaction had a net purchase of HK$1,732 million.

The individual stocks that Beishuijing bought the most were Xiaomi Group-W (01810), Alibaba-W (09988), and Meituan-W (03690). The individual stocks sold the most by Beishui Net were Tencent (00700), SMIC (00981), and Huahong Semiconductor (01347).

Hong Kong Stock Connect (Shanghai) active trading stocks

Hong Kong Stock Connect (Shenzhen) active trading stocks

Xiaomi Group-W (01810) received a net purchase of HK$870 million. According to the news, Xiaomi recently published an article stating that since April 3, 2024, more than 500,000 Xiaomi cars have been delivered. The delivery volume continued to exceed 40,000 units in November, and the delivery volume in 2025 has already exceeded the annual target set at the beginning of the year: 350,000 units. Additionally, on December 2, the Xiaomi Group spent HK$102 million to buy back 2.5 million shares.

Alibaba-W (09988) received a net purchase of HK$427 million. According to the news, the AI industry list “AI Product List” released the latest monthly data. With its explosive growth, Alibaba's newly launched Qianwen App ranked first in the global AI application growth rate, with a monthly activity growth rate of 149.03%. The app began beta on November 17, and the number of downloads just one week after launch has already broken the 10 million mark.

Meituan-W (03690) received a net purchase of HK$297 million. According to the news, Daiwa released a research report saying that Meituan's takeaway business operating losses peaked in the third quarter, and losses are expected to fall back to about 13 billion yuan in the fourth quarter. It is believed that Meituan will shift its focus to expanding high-value orders and increasing user loyalty through the membership system. It is expected that the business will improve quarterly in the first and second quarters of next year. Furthermore, on November 26, Meituan received 9.0614 million additional shares from J.P. Morgan Chase, worth approximately HK$943 million.

Lung Poon Technology (02465) received a net purchase of HK$117 million. According to the news, Longpan Technology announced that the holding company and Sunwoda signed a long-term procurement agreement for lithium iron phosphate cathode materials, with an estimated sales amount of about 45-5.5 billion yuan. According to the announcement, the agreed purchase volume is for the seller to sell a total of 106,800 tons of lithium iron phosphate cathode materials to the buyer from 2026 to 2030 that meet the specifications agreed by the two parties. The sales price is affected by fluctuations in raw materials, and the two parties will confirm it on a monthly basis in accordance with the terms of the agreement.

ZTE (00763) had a net sale of HK$59.73 million. According to the news, according to a report by the Science and Technology Innovation Board Daily, ZTE terminals said that the Nubia M153 phone is a collaborative engineering prototype. Doubao dominates the product definition and experience of AI mobile phone assistants, while Nubia, a subsidiary of ZTE, dominates hardware engineering and technology research and development. It is only aimed at people in the industry who need to experience Doubao mobile phones. Doubao's AI technology and capabilities are not popular consumer products.

Beishui continues to sell chip stocks. Huahong Semiconductor (01347) and SMIC (00981) were net sold at HK$66.36 million and HK$419 million respectively. According to the news, on November 29, SMIC and Guke Micro simultaneously issued an announcement announcing the termination of the asset transaction involving SMIC Ningbo, a subsidiary of SMIC. Regarding the reason for terminating the acquisition, Guokewei stated that matters related to the transaction could not be agreed upon within the expected time.

Additionally, Xiaopeng Motor-W (09868) received a net purchase of HK$59.29 million. Meanwhile, Tencent (00700) had a net sale of HK$732 million.