01133 Overview

US Stock Market Reaction: The US stock indices saw a rebound due to positive developments in the Middle East geopolitical situation, while major Asia-Pacific markets also experienced significant gains, with the Nikkei rising 2.7% and South Korea's market jumping nearly 10%.

Chinese Government Report: The Fourth Session of the 14th National People's Congress commenced, featuring a government work report delivered by Chinese Premier Li Qiang, indicating ongoing economic strategies.

Hong Kong Stock Market Performance: After three days of decline, the Hong Kong stock market opened higher, with the Hang Seng Index gaining 1.7%, driven by strong performances in power equipment stocks.

Power Equipment Sector Outlook: A report from CICC highlighted that power equipment companies are poised to benefit from power shortages in Europe and the US, alongside the global expansion of domestically produced computing power tokens, suggesting a forthcoming investment cycle in the power sector.

Market Performance: The HSI dropped 484 points (1.8%) to 26,547, with significant declines in financial stocks like HSBC and HKEX, while total half-day turnover reached $128.406 billion.

Chinese Inflation: China's inflation rate for January was reported at 0.2%, lower than the previous 0.8% and below the forecast of 0.4%.

Gold Prices Decline: Gold prices fell below $5,000 per ounce, negatively impacting several gold-related stocks, which saw declines ranging from 3.6% to 5.2%.

AI Stocks Surge: AI-related stocks experienced significant gains, with MINIMAX-WP rising 9.4% and KNOWLEDGE ATLAS surging 11.9% following the launch of new programming models.

Stock Performance: Harbin Electric (01133.HK) opened 5.3% higher at HKD20, with a trading volume of 282,000 shares and a short selling amount of $23.90 million, reflecting a ratio of 20.565%.

Profit Forecast: The company issued a positive profit alert, projecting a 57% year-on-year increase in net profit to approximately RMB2.65 billion in 2025, driven by growth in operating revenue and improved product profitability.

Market Performance: The HSI closed down 281 points (1.05%) at 26,563, with total market turnover at HKD225.689 billion. Major tech stocks like Tencent and Meituan also saw declines.

Smartphone Shipment Forecasts: Major smartphone manufacturers, including Xiaomi and OPPO, have lowered their annual shipment forecasts, impacting related stocks negatively.

Stock Movements: UBTECH Robotics surged 8.6% after a partnership with Airbus, while several other tech and pharmaceutical stocks experienced significant declines, with some dropping over 6%.

Economic Indicators: China's unemployment rate remained stable at 5.1% for December, slightly below the forecast of 5.2%, indicating potential weaknesses in domestic demand despite resilient exports.

Market Overview: The HSI fell 1% to 26,579, with the HSCEI down 0.9% and the HSTECH decreasing by 1.1%, resulting in a total half-day turnover of $132.94 billion.

AI Stocks Performance: XTALPI saw a gain of 3.4%, while KINGSOFT CLOUD, INSILICO, GDS-SW, and UNISOUND experienced declines ranging from 2.7% to 5.6%.

Power Equipment Stocks: DONGFANG ELEC and HARBIN ELECTRIC both rose significantly, with increases of 6.6% and 7.3%, respectively, despite the overall market trend.

Pharmaceutical Sector Decline: Several pharmaceutical stocks, including SINO BIOPHARM and 3SBIO, faced declines of 4.6% to 6.1%, with WUXI APPTEC also dropping by 2.8%.

Investment Plan Unveiled: The State Grid Corporation of China announced its '15th Five-Year Plan' with a projected RMB4 trillion investment, a 40% increase from the previous plan, aimed at enhancing the new power system industrial chain.

Market Reaction: Following the announcement, power grid and equipment stocks in Hong Kong experienced significant gains, indicating a positive market response to the investment plan.

Stock Performance Highlights: DONGFANG ELEC saw a peak increase of 10.8%, reaching a nearly six-month high, while HARBIN ELECTRIC set an all-time high during trading.

Trading Activity: Various power-related stocks, including CH ENERGY ENG and SH ELECTRIC, also reported notable increases in their stock prices and trading volumes, reflecting investor confidence in the sector.