Beishui Trends | Beishui sold 481 million Xiaomi (01810) with net sales of 481 million, and Pengcheng entered the growth track, and Beishui raised more than HK$1.7 billion throughout the day

The Zhitong Finance App learned that on July 31, in the Hong Kong stock market, Beishui traded net sales of HK$481 million. Among them, Hong Kong Stock Connect (Shanghai) had net purchases of HK$559 million and Hong Kong Stock Connect (Shenzhen) had net sales of HK$1.04 billion.

The individual stocks that Beishui Net bought the most were Xiaomi Group-W (01810), Alibaba-W (09988), and Tencent (00700). The individual stocks sold the most by Beishui Net were Changfei Optical Fiber Cable (06869), SMIC (00981), and Huahong Hongli (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$1,716 billion. The Xiaomi Group held an automotive technology conference, unveiled the technical architecture of Xiaomi's new technology platform, the Xiaomi Kunlun, and launched the new SkyNomad Xiaomi Pengcheng, which cost 259,900 yuan and 299,900 yuan respectively. According to the Nomura report, the launch of the SkyNoMAD by Xiaomi marks the first step from battery-only electric vehicles (BEVs) to extended-range electric vehicles (EREVs).

Alibaba-W (09988) received a net purchase of HK$1,234 billion. On July 31, Changxin Technology's market capitalization once exceeded 4 trillion yuan in the intraday market, and its closing market capitalization exceeded 3.6 trillion yuan. According to reports, after Changxin Technology successfully listed and issued a 10% IPO, Ali's shareholding ratio was diluted to about 4.48%, but it is still Changxin Technology's largest industrial investor. Based on an investment of about 7.6 billion yuan, the profit surpassed 150 billion yuan.

Tencent (00700) received a net purchase of HK$794 million. Bank of China International released a research report saying that investors are increasingly paying attention to Tencent's earnings per share forecast and AI investment returns. The bank predicts that Tencent's capital and cash expenditure will reach RMB 160 to 180 billion yuan in 2026, but believes that Tencent will maintain a prudent pace of investment to maintain business flexibility. The bank said that it is still too early to talk about capital expenditure levels after 2027, and it is expected that after 2027, Tencent will adopt a capital expenditure plan that will increase moderately compared to this year.

Smart Spectrum (02513) received a net purchase of HK$575 million. Smart Spectrum announced that as infrastructure continues to expand, GLM Coding Plan, a paid subscription service for developers, is open for subscription. Previously, due to the explosion in demand for AI coding, user demand grew, and subscription quotas were limited in stages.

GigaYi Innovation (03986) received a net purchase of HK$408 million. According to the Zhaoyi Innovation announcement, it plans to repurchase A-shares, with a total repurchase capital of not less than 1 billion yuan and no more than 2 billion yuan. The repurchased shares will all be used to cancel and reduce the registered capital. Furthermore, the actual controller Zhu Yiming plans to increase the company's shares by no less than 1 billion yuan. Zhu Yiming also promised not to reduce his holdings for 12 months from July 29, 2026.

Jiantao Laminate (01888) received a net purchase of HK$115 million. The leading copper-clad board company Jiantao Laminate released Yingxi. Net profit is expected to exceed HK$2.8 billion in the first half of the year, a sharp increase of more than 200% over the previous year. The high increase in performance is mainly due to the continuing tight supply and demand pattern in the industry. Currently, upstream raw materials such as copper-clad panels, electronic fiberglass yarn, electronic cloth, and copper foil are in short supply. Product prices have increased significantly, while sales of copper-clad panels are growing at the same time.

Changfei Optical Fiber Cable (06869) had a net sale of HK$216 million. Corning's second-quarter results slightly exceeded expectations, but at one point, the stock price plummeted by more than 20%. The analysis points out that Corning's net profit margin has jumped significantly, confirming that AI data center fiber has moved from being driven by scale to being driven by high added value. However, the company's implied month-on-month growth rate declined in the third quarter, and plans to drastically increase the production capacity of optical fibers and optical connections, indicating that global supply bottlenecks are being actively broken.

In addition, SMIC (00981) and Huahong Hongli (01347) received net sales of HK$147 million and HK$115 million respectively.