Beishui Trends | Beishui sold net sales of 7.63 billion, MiniMax (00100) released AI creation tool, Beishui raised nearly HK$500 million throughout the day

The Zhitong Finance App learned that on August 21, in the Hong Kong stock market, Beishui traded net sales of HK$7.63 billion. Among them, Hong Kong Stock Connect (Shanghai) had net sales of HK$5.133 billion and Hong Kong Stock Connect (Shenzhen) had net sales of HK$2,496 billion.

The individual stocks that Beishui Net bought the most were MINIMAX-W (00100), Changfei Optical Fiber Cable (06869), and Bubble Mart (09992). The individual stocks sold the most by Beishui Net were Alibaba-W (09988), Tencent (00700), and GigaYi Innovation (03986).

Hong Kong Stock Connect (Shanghai) active trading stocks

Hong Kong Stock Connect (Shenzhen) active trading stocks

MINIMAX-W (00100) received a net purchase of HK$480 million. MiniMax officially released MiniMax Design, a multi-modal authoring agent workbench. This is the first official Harness created by MiniMax after H3 became open. The goal is to bring model generation and editing capabilities into the commercial content production process. CICC believes that MiniMax H3 has reached the first tier of multi-modal models, enhanced cost performance, and commercialization capabilities such as the creative platform MiniMax Design are expected to help the company improve ARR.

Changfei Optical Fiber Cable (06869) received a net purchase of HK$33.27 million. According to customs import and export statistics, the unit price of China's optical fiber and cable exports rose again in July, breaking the record for the highest in the new year. Huachuang Securities pointed out that AI is rewriting the development logic of the optical fiber industry. As the only leader in the world that has mastered the three major prefabricated rod processes at the same time, the company will fully benefit from the sharp rise in volume and price in the industry; Changxinsheng Holdings lays out AI high-speed interconnect components, extending the industrial chain downstream, and two-wheel drive opens up room for incremental digital growth.

Bubble Mart (09992) received a net purchase of HK$17.8 million. Bubble Mart's revenue for the first half of the year was 17.17 billion yuan, up 23.8% year over year. The adjusted net profit was 5.16 billion yuan, the adjusted net profit margin was 30%, and the gross profit margin was 69.7%. The Group's performance grew steadily, and the quality of operations continued to improve. Also, according to Wang Ning, in the next six months, the group will launch a share repurchase plan of no less than 2 billion yuan and no more than 5 billion yuan. This is also the first time that it has announced a share repurchase plan at the results conference.

GigaYi Innovation (03986) was sold on a net sale of HK$137 million. BOC International pointed out that GigaYi's innovative performance has realized the dividends of storage price increases, and the storage boom is expected to continue, remain optimistic about the fundamentals of 2026/27, and maintain purchases. However, considering the growth rate or marginal slowdown in storage prices, the cyclical downward pressure brought about by the subsequent release of dedicated storage capacity, and considering that investment opportunities in the domestic storage sector are becoming more scattered, the target price for A-shares was lowered to RMB 687.

Tencent (00700) and Alibaba-W (09988) had net sales of HK$703 million and HK$1,283 million respectively. According to Tencent's results, capital expenditure for the second quarter reached 52,784 billion yuan, up 176% year on year and 65% month-on-month, far exceeding market expectations of 32.1 billion yuan; free cash flow recorded negative 13.8 billion yuan. Ali's latest financial report also showed that quarterly capital expenditure increased 75% year over year to 67.678 billion yuan.

In addition, Jiantao Laminate (01888) and SMIC (00981) received net sales of HK$98.23 million and HK$112 million respectively.