[Hong Kong Stock Market Close] Hang Seng Index rises 95 points but fails to stabilize above 25,000; BYD's performance before earnings improves by 3%, Meituan fluctuates and drops 0.9%; Pop Mart continues to decline (updating continuously)

【Hang Seng Index/HSI/Hang Seng Index/HK Stocks/Night Futures/ADR】Hong Kong stocks rebounded, rising nearly a hundred points, but failed to stabilize above 25,000. The Hang Seng Index opened down 87 points at 24,768, then reversed its trend and rose in the afternoon, peaking at 25,095 with a gain of as much as 239 points. The index closed up 95 points at 24,951, still below 25,000, with a turnover of 263.08 billion yuan. The Tech Index rose 0.3%, closing at 4,778 points. BYD (01211) rose over 3% before its earnings, while ATM softened against the trend, with Meituan (03690) falling 0.9% after its earnings. Pop Mart (09992) fell another 0.7%.

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Financial Diary:

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Market Trends:

【16:10】The Hang Seng Index rose 95 points, closing at 24,951, still below 25,000, with a turnover of 263.08 billion yuan. BYD (01211) rose over 3% before its earnings, while ATM softened against the trend, with Meituan (03690) falling 0.9% after its earnings. Pop Mart (09992) fell another 0.7%.

【16:10】【Property Earnings】Longfor recorded a core loss of 1.7 billion yuan last year, no dividend declared, with short-term debt of 15.8 billion yuan maturing within a year.

【16:00】The Hang Seng Index rose 103 points before closing at 24,959, with a turnover of 253.53 billion yuan.

【16:00】【173 Earnings】K Wah recorded a core loss of 1.29 billion yuan last year, with the final dividend cut by 80% to 1 cent, expecting Hong Kong residential prices to rise at least 5% this year.

【16:00】【981】SMIC’s stock price fell 1%, following reports that U.S. officials indicated SMIC provided chip manufacturing equipment to the Iranian military.

【15:43】SMIC (00981) fell over 1%, while Huahong Semiconductor (01347) fell 0.1%.

【15:40】Longfor (00960) fell 4% after its earnings, hitting a low of 7.52 yuan. Longfor’s net profit last year was 1.02 billion yuan, a year-on-year drop of 90.2%, and it will not declare a final dividend.

【15:18】Meituan (03690) softened in the closing market, turning down 0.3%.

【14:00】The Hang Seng Index’s upward momentum reversed, with the latest gain narrowing to about 145 points, contesting around the 25,000 mark, having peaked at 25,095 in the afternoon.

【13:14】The market’s gain expanded to 209 points, reporting 25,065 points.

【13:13】Leap Motor (09863) rose nearly 7%, peaking at 49.76 yuan.

【13:01】Hong Kong stocks rose about 166 points in the early afternoon, reporting 25,023 points, re-crossing 25,000, with a turnover of 139.7 billion yuan, and the Tech Index rose 1.1%, reporting 4,814 points.

【12:54】【Insurance Stock Analysis】Ping An rose 0.7% after its earnings, while China Life stabilized after a sharp drop the previous day. Analysis: Investment losses weighed on performance; which of the two insurance stocks is better?

【12:46】【267 Earnings】CITIC Limited’s annual profit increased by 0.9%, with a final dividend increase of 6.9% to 0.385 yuan.

【12:23】【Mobile Game Stocks 2400 Earnings】Xindong Company reported a 89% increase in profit last year to 1.54 billion yuan, canceling dividends. Game business revenue increased by 10.5%.

【12:23】【Pharmaceutical Stock Earnings】Sihuan Pharmaceutical’s net profit fell 56% last year, with the final dividend reduced by 68% to 3 cents.

【12:00】The Hang Seng Index rebounded 137 points at midday, reporting 24,993 points, just shy of 25,000, with a turnover of 135.78 billion yuan. Meituan (03690) rose over 1% after its earnings, and BYD (01211) rose over 4% before its earnings. Pop Mart (09992) announced a buyback of nearly 600 million yuan, with its stock price rebounding 0.9%.

【11:57】【883 Analysis】CNOOC fell over 1% after its earnings, with Credit Lyonnais raising the target price. Analysis: “Its biggest advantage is its low extraction cost,” and current oil prices of $100 ensure good profits.

【11:52】【Resource Stock Earnings】Nanshan Aluminum International’s profit increased by 1% last year. Aluminum oxide prices continued to fall, putting pressure on business in the first half of the year.

【11:40】The market’s gain expanded to over a hundred points, peaking at 24,975, attempting to recover the 25,000 mark.

【11:23】Before the midday closing of Hong Kong stocks, the Hang Seng Index rose about 43 points, touching 24,900 points.

【11:17】【3690 Analysis】Meituan rose about 2% after its earnings, with Citigroup upgrading its rating and target price. Analysis: The current level is “very cheap,” but business is unlikely to perform particularly well in the next two to three quarters.

【10:58】BYD (01211) rose over 4%, peaking at 107.7 yuan.

【10:47】Meituan (03690) turned up 3%, peaking at 90.7 yuan, driving the market up about 80 points, reporting 24,935 points, with a turnover of 98.9 billion yuan. The Tech Index rose 0.9%, reporting 4,805 points.

【10:42】【9992】Pop Mart’s stock price stopped dropping, rebounding 4% on a buyback of nearly 600 million yuan, with a cumulative drop of 30% over the last two days after earnings were announced.

【10:24】MINIMAX (00100) fell 6%, hitting a low of 920 yuan, while Zhizhi (02513) dropped by half, hitting a low of 641.5 yuan.

【10:15】BYD (01211), which is set to announce earnings today, saw its stock price rise before earnings, now up over 3%, peaking at 107.5 yuan.

【10:12】Innovent Biologics (01801) rose nearly 7% after its earnings, peaking at 85.55 yuan.

【1801 Earnings】Innovent Biologics achieved profit for the first time last year, earning 814 million yuan, maintaining no final dividend.

【10:09】Zijin (02899) rose 0.4%, Zijin Mining International (02259) rose over 2%, while Zhaojin (01818) and Shandong Gold (01787) rose over 1%, and Lingbao Gold (03330) rose nearly 3%.

【Gold Price Trends】Gold prices recovered some ground, as Trump delayed the deadline for reaching an agreement with Iran. The Turkish central bank’s sale of over $8 billion in gold exacerbated downward pressure on gold prices.

【10:09】Xiaoma Zhixing (02026) fell over 13% after its earnings, hitting a new low of 73.2 yuan.

【2026 Earnings】Xiaoma Zhixing reported a adjusted loss of $174 million last year, expanding nearly 32% year-on-year, with a target to expand its driverless taxi fleet to 3,000 units by the end of this year.

【09:53】After the Hong Kong stock market opened, it briefly turned up, but the rebound was insufficient, falling back again by over a hundred points, reporting 24,725 points, down 130 points, with a turnover of 50.9 billion yuan. The Tech Index fell 0.7%, reporting 4,727 points.

【09:22】The Hang Seng Index continued to open down 87 points, reporting 24,768 points, with a turnover of 3.35 billion yuan. The Tech Index fell 0.4%, reporting 4,740 points. Meituan (03690) fell 0.6% after its earnings, AIA (01299) fell over 3%, while Pop Mart (09992) saw its stock price stabilize and rebound over 1%.

【3690 Earnings】Meituan reported an adjusted loss of 15.08 billion yuan in Q4, worse than expected. Wang Xing: In the first quarter, the loss per order improved quarter-on-quarter; efforts to push for an “AI super entrance” without becoming a “Token factory” (Version 2).

【09:03】The Hang Seng Index futures fell about 94 points, reporting 24,723 points.

【07:50】【New Stock IPO】Tongrentang Medical and Health 2667 delayed its sale and listing plan, considering several factors including the current market condition, and will refund application share funds.

【07:45】【Morning Highlights】Meituan reported an adjusted loss of 15.08 billion yuan in Q4, worse than expected; Hong Kong ranked third in the global financial center index, first in the Asia-Pacific region; Cathay Pacific again increased fuel surcharges.

【07:45】From Trump’s comments, there have been developments in the Iranian situation, with night futures down 8 points, closing at 24,782 points. The China concept stock index fell 2.6%, closing at 6,721 points. After Meituan’s earnings, ADR stock prices temporarily improved, rising 3.8% above Hong Kong prices, but were affected by macro conditions, closing down 1.6% lower than the Hong Kong closing price.

| ADR | Converted to HKD | Change from Hong Kong closing price | | Meituan ADR | 85.29 | -1.62% | | Tencent ADR | 490.94 | -0.94% | | HSBC ADR | 124.62 | -0.14% | | Alibaba U.S. stock | 122.67 | -0.27% |

More Hong Kong stock ADR and Chinese concept stock quotations:

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【07:30】Inflation concerns persist, with the Dow closing down 469 points at 45,960, the S&P 500 down 1.7% at 6,477, and the Nasdaq down 2.4% at 21,408.

See the U.S. stock closing:

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For details on yesterday’s Hong Kong stock market situation, please see: 【Hong Kong Stock Night Futures + ADR + Northbound Capital】 Night futures closed down 8 points, Meituan ADR lower than Hong Kong by 2%.

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