Beishui Trends | Beishui made a net purchase of 4.471 billion yuan, and raised AI hardware stocks throughout the day, and raised Smart Spectrum (02513) over HK$1.2 billion

The Zhitong Finance App learned that on September 14, in the Hong Kong stock market, Beishui traded a net purchase of HK$4.471 billion. Among them, Hong Kong Stock Connect (Shanghai) had a net purchase of HK$1,671 billion, and Hong Kong Stock Connect (Shenzhen) had a net purchase of HK$2,800 million.

The individual stocks that Beishui Net bought the most were Zhiguo (02513), Changfei Optical Fiber Cable (06869), and Lenovo Group (00992). The individual stocks sold the most by Beishui Net were SMIC (00981), Alibaba-W (09988), and Jiantao Group (00148).

Hong Kong Stock Connect (Shanghai) active trading stocks

Hong Kong Stock Connect (Shenzhen) active trading stocks

Smart Spectrum (02513) received a net purchase of HK$1,2001 billion. Smart Spectrum announced that it has completed financing of approximately US$5 billion (approximately RMB 33.5 billion), including approximately US$2 billion in share placements and approximately US$3 billion in zero-interest convertible bonds. Approximately 60% of the net proceeds will be used for the development of next-generation GLM basic models and “Fully Self-Training (Fully Self-Training)” systems, as well as large-scale training, production reasoning, computing power resources and related technical infrastructure deployment and upgrading;

Beishui added AI hardware stocks, and Changfei Optical Fiber Cable (06869), Jiantao Laminated Board (01888), and Cambridge Technology (06166) received net purchases of HK$382 million, 63.31 million, and HK$57.75 million respectively. America's top three AI giants, Anthropic, OpenAI, and SpaceXAI have joined forces to collectively call for a slowing down of the pace of AI development. Furthermore, the CEO of OpenAI stated that OpenAI will not conduct an initial public offering in 2026. The Microsoft CEO followed up and stated that it supports the prudent development of AI and embedded evaluation mechanisms. Zheshang Securities pointed out that the incident put pressure on AI hardware companies and big model companies in the short term.

Lenovo Group (00992) received a net purchase of HK$180 million. The latest quarterly results of the world's top three AI server manufacturers, Lenovo Group, Dell, and HPE, all surpassed expectations. Among them, the growth rate of Lenovo Group's server business nearly doubled. In addition, at the performance briefing, Oracle management reiterated the 2027 capital expenditure plan of up to 90 billion to 95 billion US dollars to expand AI data centers and related infrastructure, and directly named Dell and HPE as the main recipients of this expenditure.

The pharmaceutical sector was also boosted. Kangfang Biotech (09926) and Pharmaceutical Biotech (02269) received net purchases of HK$104 million and HK$13.85 million respectively. On September 12-15, the 2026 World Lung Cancer Conference (WCLC) was held. Clinical data on a number of innovative Chinese drugs were unveiled. Kangfang Biotech's single drug OS data and B7H3ADC were the focus. At the same time, the 2026 national health insurance catalogue negotiations came to an end, the commercial insurance innovative drug catalogue progressed simultaneously, payment-side reform expectations heated up, and the industrial logic of “commercialization overseas plus payment improvement” continued to strengthen.

Xiaomi Group-W (01810) received a net purchase of HK$1.08 million. According to a research report released by Lyon, Xiaomi Pengcheng locked 10,000 orders in the first four minutes, and is expected that Xiaomi will deliver about 90,000 units in 2026. The company also simultaneously released the Xiaomi 18 Fold and Xiaomi Pad 9 Pro Max to further promote the ultra-high-end market, giving priority to increasing the average sales price and gross margin higher than the shipment volume. With the launch of the new flagship product, the bank believes that Xiaomi's revenue and profits should bottom out in the third quarter of 2026 and begin to rebound in the fourth quarter.

In addition, Tencent (00700) received a net purchase of HK$43.4 million, while SMIC (00981), Alibaba-W (09988), and Jiantao Group (00148) received net sales of HK$636 million, $103 million, and HK$4.87 million respectively.