--- title: "Hong Kong stock movement: CHINA IN-TECH rises 15.70%" type: "News" locale: "en" url: "https://longbridge.com/en/news/259746371.md" description: "CHINA IN-TECH rose 15.70%; Midea Group rose 0.61%, with a transaction volume of HKD 153 million; Haier Smart Home rose 1.03%, with a transaction volume of HKD 112 million; Aux Electric fell 3.70%, with a transaction volume of HKD 51.5 million; Hisense Home Appliances rose 0.91%, with a market value of HKD 33.9 billion" datetime: "2025-10-02T07:16:27.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/259746371.md) - [en](https://longbridge.com/en/news/259746371.md) - [zh-HK](https://longbridge.com/zh-HK/news/259746371.md) --- # Hong Kong stock movement: CHINA IN-TECH rises 15.70% **Hong Kong Stock Movement** **Stocks with High Trading Volume in the Industry** Midea Group rose 0.61%, with a trading volume of HKD 153 million. Based on recent key news: 1. On September 30, Midea Group obtained a new patent authorization related to pre-filters and water systems. The acquisition of this new patent demonstrates the company's ongoing investment in technology research and development, enhancing market confidence in its innovation capabilities and driving up the stock price. Data source: Tianyancha APP 2. On September 24, BlackRock increased its long position in Midea Group's H shares from 4.23% to 5.55%. This increase indicates that institutional investors are optimistic about Midea Group's future development, further boosting market confidence. Data source: Hong Kong Stock Exchange 3. On September 29, Midea Group spent HKD 129 million to repurchase 1.7497 million A shares. The company's stock repurchase is generally viewed as a sign of confidence in its future development, further driving up the stock price. Data source: Zhichun Finance APP. The competition in the high-end market of the home appliance industry is intense, and policy changes should be monitored. Haier Smart Home rose 1.03%. Based on recent important news: 1. On September 30, Haier Smart Home executives increased their holdings by 985,800 shares through the Hong Kong Stock Connect, with an investment amount of HKD 21.061 million, completing the increase plan, which enhanced market confidence and drove up the stock price. 2. On September 29, Haier Smart Home spent HKD 7.8426 million to repurchase 310,000 A shares, demonstrating the company's confidence in its own value, which pushed the stock price up. 3. On September 30, Haier Smart Home repurchased another 600,000 A shares, costing HKD 15.177 million, further boosting market confidence and continuing to drive up the stock price. The trend towards high-end products in the home appliance industry is evident. AUX Electric fell 3.70%. Based on recent important news: 1. On September 27, AUX Electric announced the end of the global offering's stable price period and did not exercise the over-allotment option, leading to increased market concerns about its financing capabilities, causing the stock price to drop. Data source: Caihua News. 2. On September 29, frequent quality issues with AUX products and poor after-sales service led to an increase in consumer complaints, undermining market confidence and putting pressure on the stock price. Data source: Securities Star. 3. On September 29, AUX's insufficient R&D investment and a patent count far below its peers raised doubts about its innovation capabilities, affecting investor confidence. Data source: Securities Star. The industry is highly competitive, and R&D investment is insufficient. **Stocks with High Market Capitalization in the Industry** Hisense Home Appliances rose 0.91%. Based on recent important news: 1. On September 30, Hisense entered the automotive electronics field, leveraging its experience in smart cities and vehicle-road collaboration to promote the integration of key components and enhance market competitiveness, driving up the stock price. Data source: Hisense press conference. 2. On September 29, Hisense Visual actively promoted high-end products such as MiniLED, leading in domestic sales share and improving overseas operations, which drove revenue growth for the company, benefiting the stock price. Data source: Industry analysis report On October 1st, during the National Day holiday, the subsidy policy for the home appliance market was implemented, driving sales growth. Hisense Home Appliances benefited from the increase in market demand, and its stock price rose. Data source: Yicai. 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