--- title: "Hong Kong stock movement: BASETROPHY GP surged 20.89%, with a significant increase in sales from emerging businesses sparking market discussions" type: "News" locale: "en" url: "https://longbridge.com/en/news/274445704.md" description: "BASETROPHY GP surged 20.89%; China Railway fell 3.33%, with a transaction volume of HKD 61.38 million; China Energy Engineering had a transaction volume of HKD 9.39 million; China State Construction International fell 1.49%, with a transaction volume of HKD 6.23 million; China Communications Construction fell 0.98%, with a market value of HKD 82 billion" datetime: "2026-02-02T01:37:39.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/274445704.md) - [en](https://longbridge.com/en/news/274445704.md) - [zh-HK](https://longbridge.com/zh-HK/news/274445704.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/274445704.md) | [繁體中文](https://longbridge.com/zh-HK/news/274445704.md) # Hong Kong stock movement: BASETROPHY GP surged 20.89%, with a significant increase in sales from emerging businesses sparking market discussions **Hong Kong Stock Movement** BASETROPHY GP surged 20.89%. Based on recent news, 1. On February 1, BASETROPHY GP announced that its sales of dried tangerine peel and liquor reached approximately RMB 11 million in January 2026, an increase of over 200% month-on-month. This performance marks a "breakthrough" for the group in emerging business areas and initially reflects the market acceptance of related products and business models. The board believes this is mainly due to the strategic transformation measures recently implemented by the group. Zhitong Finance 2. On February 1, BASETROPHY GP announced a strategic cooperation agreement with Guizhou Datang Chengtiantian Liquor Co., Ltd. and Jiangmen Tujia Dried Tangerine Peel Food Co., Ltd. to promote the "dual-core development" strategy of liquor and agriculture (dried tangerine peel). The group will continue to advance product standardization, brand building, and channel development around related industries. Zhitong Finance 3. On February 1, BASETROPHY GP released an announcement through the Hong Kong Stock Exchange, detailing the above sales performance and the specifics of the strategic cooperation agreement. The liquor and agriculture sectors on the Hong Kong Stock Exchange have recently performed strongly, with increased market acceptance. **Stocks with High Trading Volume in the Industry** China Railway fell 3.33%. Based on recent news, 1. On January 30, China Railway announced that it had recently won bids for 12 major projects, with a total bid price of approximately RMB 43.29 billion, accounting for 3.74% of its 2024 revenue. This news was expected to boost market confidence, but the stock price fell, possibly due to investor concerns about future profitability. 2. On January 30, data from Nanfang Financial Research showed that China Railway's target price increase ranked high, reaching 53.99%. Although this rating upgrade indicates market optimism about its future performance, the stock price remains under pressure in the short term. 3. On January 31, it was estimated that the national railway passenger volume during the 2026 Spring Festival travel season would reach 540 million trips, and the railway department would actively explore transportation potential and enhance capacity. Although this news indicates strong demand in the railway industry, it has not immediately reflected in the stock price. The railway industry shows strong demand, with significant short-term volatility risks. China Energy Construction had a trading volume of HKD 9.39 million. Based on recent key news: 1. On January 30, China Energy Construction held talks with Mingyang Group, engaging in in-depth discussions on cooperation in technological innovation and offshore wind power, which influenced stock price fluctuations. Source: Jinshi Data 2. On January 30, Guangxi Hydropower Group reached a strategic cooperation consensus with China Energy Construction Guangxi Engineering Bureau to promote the development of the new energy market, affecting stock prices. Source: Zhitong Finance 3. On January 30, a press conference by the National Energy Administration showed that national energy investment is growing, with new installed capacity for wind and solar power breaking through, affecting market sentiment. Source: Jinshi Data. The investment growth rate in the new energy sector is significant, and risks need to be monitored. China State Construction International fell 1.49%, with a trading volume of HKD 6.23 million, and there has been no important news recently. Trading is active, with clear capital flows. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation **Stocks Ranked Among the Top in Market Capitalization** China Communications Construction fell by 0.98%. Based on recent news, 1. On January 30, China Communications Construction announced changes in its board members, with Mr. Song Hailiang continuing as Chairman, Mr. Zhang Bingnan reappointed as President, and Mr. Liu Zhengchang reappointed as Chief Financial Officer. These changes may affect the company's governance structure, leading to stock price fluctuations. 2. On January 30, the company spent 10.2365 million yuan to repurchase 1.2499 million A-shares, demonstrating the company's confidence in its own stock, but failed to boost the stock price. 3. On February 2, the company announced its operational plan for 2026, aiming for a new contract signing amount growth of no less than 2.6% and operating revenue growth of no less than 6.8%. Despite the positive plan, the market reacted lukewarmly, and the stock price declined. The market's response to the company's governance changes and operational plan was tepid ### Related Stocks - [BASETROPHY GP (08460.HK)](https://longbridge.com/en/quote/08460.HK.md) ## Related News & Research - [Basetrophy Group Holdings Reports Over 200% Monthly Sales Increase in January 2026](https://longbridge.com/en/news/274417300.md) - [China Merchants Port posts FY net income attributable HKD6,457 mln](https://longbridge.com/en/news/281121616.md) - [Huatai Securities Reaffirms Their Buy Rating on BOC Hong Kong (Holdings) (BNKHF)](https://longbridge.com/en/news/281318016.md) - [CSPC Pharmaceutical, Alphamab Oncology's Breast Cancer Drug Study Meets Primary Endpoint](https://longbridge.com/en/news/281325910.md) - [GF Securities Unveils Audited 2025 Results and Confirms Cash Dividend Payout](https://longbridge.com/en/news/281031946.md)