--- title: "Hong Kong stock movement: Executives increase holdings by 40 million, but is it enough to save the market? PATEO drops 15.25%" type: "News" locale: "en" url: "https://longbridge.com/en/news/290515863.md" description: "PATEO fell 15.25%; Minth Group fell 2.73%, with a transaction volume of HKD 155 million; Delta Electronics Holdings fell 1.75%, with a transaction volume of HKD 103 million; Zhongchuang Innovation fell 4.26%, with a transaction volume of HKD 79.35 million; Fuyao Glass rose 0.69%, with a market value of HKD 132.4 billion" datetime: "2026-06-23T05:42:14.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290515863.md) - [en](https://longbridge.com/en/news/290515863.md) - [zh-HK](https://longbridge.com/zh-HK/news/290515863.md) --- # Hong Kong stock movement: Executives increase holdings by 40 million, but is it enough to save the market? PATEO drops 15.25% **Hong Kong Stock Movement** PATEO fell 15.25%. Based on recent key news: 1. On June 22, PATEO's founder and executives increased their shareholding. Mr. Zhenkai Ying and Mr. Fukai Zhang collectively increased their holdings by over HKD 40 million, showing confidence in the company's performance and technology, but the market reacted poorly, leading to a drop in stock price. Source: Zhitong Finance 2. On June 22, PATEO completed a placement. The company successfully placed 2.2593 million new H shares, raising approximately HKD 382 million, but the placement price was lower than market expectations, putting pressure on the stock price. Source: Zhitong Finance 3. On June 22, PATEO issued a notice reminding investors to be aware of market risks. Despite the executives' increase in holdings, the company emphasized that market risks still exist, failing to boost the stock price. Source: Zhitong Finance. Competition in the intelligent cockpit and in-car AI sectors is intensifying, with significant market fluctuations. **Stocks with High Trading Volume in the Industry** Minth Group fell 2.73%. Based on recent news: 1. On June 22, China Merchants Securities International released a research report maintaining a "Buy" rating for Minth Group. Although the recovery pace of domestic demand in the Chinese automotive market is weak, export performance is strong. Minth Group, as a parts manufacturer with overseas business expansion and new track layout, received a "Buy" rating, with the target price unchanged. This news failed to boost the stock price, which instead fell due to overall market sentiment being low. 2. On June 22, China Merchants Securities International lowered its revenue forecast for Li Auto, reflecting the impact of intensified competition in extended-range vehicle products. The target price for Li Auto was lowered from HKD 74 to HKD 61, maintaining a "Neutral" rating. This news negatively impacted automotive parts suppliers like Minth Group, leading to a drop in stock price. 3. On June 22, China Merchants Securities International lowered its revenue forecast for XPeng, with the target price reduced from HKD 115 to HKD 103, maintaining a "Buy" rating. Considering the large proportion of mid-to-low-end vehicles and increased R&D investment, this news negatively impacted automotive parts suppliers like Minth Group, leading to a drop in stock price. The recovery pace of domestic demand in the automotive market is weak, while export performance is strong. Maxonic Holdings fell 1.75%. Based on recent news: 1. On June 22, Maxonic Holdings announced its latest financial information on the Hong Kong Stock Exchange. This announcement raised market concerns about the company's future profitability, leading to a 1.75% drop in stock price. Source: Hong Kong Stock Exchange Announcement 2. Recent uncertainties in the macroeconomic environment, especially the rising interest rates' impact on the manufacturing sector, have made investors cautious about Maxonic Holdings' future performance. Source: Zhitong Finance 3. Industry competition is intensifying, and Maxonic Holdings faces pressure from other manufacturers, which may affect its market share and further put pressure on the stock price. Source: Wall Street Journal. The manufacturing sector is facing pressure from rising interest rates, with significant capital outflows. Zhongxin Chuanghang fell 4.26%. Based on recent key news: 1. On June 22, Zhongchuang Xinhang and Hunan Salt Industry Group established a new equity investment fund with an investment amount of 105 million RMB. This move may affect the company's liquidity and attract market attention, leading to stock price fluctuations. Source: Tianyancha 2. On June 21, global demand for the energy storage market is growing, with an expected new installed capacity of 425 GWh by 2026. Despite changes in the policy environment, China's battery energy storage system exports remain resilient, which may impact Zhongchuang Xinhang's market competitiveness. Source: Bank of America 3. On June 22, Dongwu Securities warned of risks related to declining investment growth and policies falling short of expectations, which may affect the market performance of Zhongchuang Xinhang and other related companies. Source: Dongwu Securities **Stocks ranked among the top in industry market capitalization** Fuyao Glass rose by 0.69%. Based on recent news, 1. On June 22, CMB International released a research report, pointing out that the recovery pace of domestic demand in China's automotive market is weak, but export performance is strong. Fuyao Glass, as a parts company with overseas business expansion and new track layout, received an "Overweight" rating, driving the stock price up. 2. On June 22, the research report mentioned an increase in market share for high-end models and suggested investors pay attention to growth in overseas markets and high-end automotive companies. Fuyao Glass, as one of the key recommended companies, saw increased market confidence and a rise in stock price. 3. On June 22, the research report highlighted Fuyao Glass's overseas business expansion and new track layout, receiving an "Overweight" rating, further driving the stock price up. 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