02018 Overview

Market Performance: The Hong Kong bourse experienced a strong morning session, with the Hang Seng Index (HSI) rising 468 points (1.85%) to close at 25,789, driven by gains in technology stocks.

JD Companies Surge: JD's various subsidiaries saw significant stock price increases following their earnings release, with JD Logistics soaring 21.3% and JD Health rising 3.5%.

Tech Stocks Gains: Major tech companies like Tencent, Alibaba, and Meituan also posted notable gains, with increases ranging from 3.9% to 4.3%, contributing to the overall market upswing.

AI and Cloud Stocks: AI-related stocks and cloud service providers experienced growth, with companies like Kingsoft Cloud and various AI firms seeing increases of 3.7% to 5.7%, while Bilibili's stock fell despite reporting a significant profit increase.

New Product Launch: Apple has introduced the iPhone 17e and M4 iPad Air, aligning with market expectations and aimed at strengthening its position in the mid-range smartphone and tablet markets.

Consumer Attraction: CMBI suggests that Apple's steady pricing and updated specifications will attract more consumers compared to competitors facing cost pressures and product delays.

Supply Chain Insights: CMBI favors companies with significant contributions to Apple's sales, such as FIT HON TENG and AAC TECH, highlighting their roles in connectors, AirPods, and acoustics.

Investment Ratings: CMBI has provided investment ratings and target prices for various Apple supply-chain stocks, recommending buys for AAC TECH, BYD ELECTRONIC, FIT HON TENG, LUXSHARE PRECISION, and SUNNY OPTICAL.

Stock Performance: AAC TECH (02018.HK) experienced a decline of 6.299%, with short selling amounting to $71.78M and a ratio of 33.126%.

Partnership Milestone: The company recently produced its 10 millionth platinum audio speaker for LI AUTO-W (02015.HK) at its Changzhou factory.

Long-term Collaboration: The partnership between AAC TECH and LI AUTO-W has been ongoing for several years, focusing on various core models including the Li MEGA, L Series, and i Series.

Future Developments: Both companies aim to enhance the platinum audio system's intelligence, integration, and personalization, while also developing smart cabin acoustic experiences.

Company Performance: AAC TECH has increased its output of ultra-thin VC heat spreaders for AI equipment cooling by 150 million units, raising its annual capacity to over 300 million units.

Sales Projections: The company's sales of cooling products are expected to exceed RMB300 million in 2024, with projections indicating potential sales of over RMB1.2 billion in 2025.

Humanoid Robot Solutions: AAC TECH unveiled its previously undisclosed humanoid robot solutions at the 2026 International Consumer Electronics Show, themed "The Future."

Industry Collaborations: The showcased solutions have gained recognition from leading industry clients, leading to collaborations on advanced technologies such as finger linear joints and six-dimensional force sensors.

HSBC Global Research Report: The report highlights various H-shares, including Harbin Electric and Trip.com, with notable short selling ratios and price changes.

CMBI Strategy Report: CMBI's report lists top stock picks for 2026, featuring Tencent and Alibaba, along with their respective short selling data and price fluctuations.

Short Selling Insights: Several stocks, such as BOC Hong Kong and Ping An, exhibit high short selling ratios, indicating market skepticism.

Market Trends: The reports reflect ongoing trends in the Chinese stock market, with significant movements in technology and finance sectors.