02171 Overview

Market Performance: The Hang Seng Index (HSI) rose by 396 points (1.6%) to 25,804, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also saw gains of 69 points (1.4%) and 91 points (1.1%) respectively.

Top Gainers: Notable gainers included TENCENT (+5.7% to $545.5), BABA (+3% to $132.6), and CATL (+8.7% to $547), with significant short selling activity reported for these stocks.

Decliners: DEEPEXI TECH experienced a sharp decline of 18.6%, closing at $88.25, while other stocks like XIAOMI and MEITUAN also saw slight decreases.

Short Selling Trends: High short selling ratios were observed in several stocks, including XIAOMI (32.91%) and MEITUAN (34.52%), indicating investor caution or bearish sentiment in these companies.

Stock Performance: CARSGEN-B (02171.HK) opened 4.43% higher at $16.5 with a pre-market trading volume of 10,500 shares, amounting to $173,200.

Financial Outlook: The company expects a net loss of no more than approximately RMB120 million for the year ending December 31, 2025, a significant reduction of at least 85% from RMB798 million in 2024.

Adjusted Loss: The adjusted net loss is anticipated to be around RMB95 million, compared to RMB789 million for the same period in 2024.

Short Selling Activity: The short selling for CARSGEN-B is reported at $1.89 million, with a ratio of 12.440%.

UBS China Market Strategy Report: UBS has released a report highlighting Buy-rated Chinese stocks with significant potential for earnings growth by FY26, focusing on Hong Kong-listed and ADR-listed companies.

Highlighted Stocks: The report includes stocks such as INNOCARE, CARSGEN-B, ZAI LAB, AKESO, and CANSINOBIO, along with their recent performance and short selling data.

Short Selling Data: The report provides short selling figures for the listed stocks, indicating varying levels of short interest, with ZAI LAB and AKESO showing higher short selling ratios.

Related Market Insights: Additional context is provided by Soochow Securities, which lists the top 10 Hong Kong stocks with the highest net buys and sells by southbound funds in the previous week.