Hong Kong Stock Afternoon Review | The Hang Seng Index fell 0.93% in early trading, and the storage concept rose against the market

The Zhitong Finance App learned that the Hong Kong stock Hang Seng Index fell 0.93% to 236 points to 25,160 points; the Hang Seng Technology Index fell 1.79%. Hong Kong stocks traded HK$135.7 billion in early trading.

The storage concept saw the highest rise. SanDisk's long-term financial guidance far exceeded expectations, and AI demand is expected to prolong the storage boom cycle. Southern Dongying doubled, SK Hynix (07709) rose 9%; Southern doubled, Samsung Electronics (07747) rose 4%; GigaYi Innovation (03986) rose 2%; and Lanqi Technology (06809) rose 1%.

McFTSE (02556) rose more than 10%, net profit increased 4.6 times year-on-year in the first half of the year, and the AI application business became the core growth engine.

Xunce (03317) rose more than 7% to lead the AI application sector. Revenue surged 389% in the first half of the year, and the commercialization process of the Token economy far exceeded expectations.

Yingpu Precision (01286) rose more than 7% in the intraday period. The company raised its annual performance growth guidelines, and AI-related products are expected to continue to grow strongly.

Weilong Meishui (09985) rose more than 7% after the performance. In the first half of the year, revenue increased 6.7%, and the dividend ratio reached 90%.

Bruco (00325) rose another 10%, and its medium-term net profit increased 30% year over year, paying dividends for the first time since listing.

Modern Dentistry (03600) rose by more than 12%, and net profit in the first half of the year increased by more than 30% year on year. Europe and Australia showed outstanding performance.

Changhe (00001) fell by more than 5%, and net profit soared in the medium term due to the monetization of UK assets. It will continue to adopt a prudent strategy in the second half of the year.

Changshi Group (01113) fell 7%, and core profit rose 5% year on year in the first half of the year. Bank of America said it would not pay special interest or disappoint the market.

Huahong Hongli (01347) fell sharply by 11%, and sales revenue in the second quarter reached a record high. Goldman Sachs indicated that its revenue guidance for the third quarter fell short of expectations.