--- title: "Zhitong Hong Kong Stock Early Knowledge | The State Council's regular meeting systematically promotes the construction of Digital China, CITIC Securities expects a year-on-year net profit growth of 69.59% in the first half of the year" type: "News" locale: "en" url: "https://longbridge.com/en/news/292414360.md" description: "The State Council deployed a systematic approach to advance the construction of Digital China and accelerate the development of communication and computing networks. SK Hynix rose 12.76% on its first day of trading on the US stock market, surpassing Micron Technology in market capitalization. CITIC Securities expects a year-on-year net profit increase of 69.59% in the first half of the year. Major US stock indices rose slightly, Chinese concept stocks showed mixed performance, and crude oil and gold futures prices fluctuated" datetime: "2026-07-12T23:49:58.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292414360.md) - [en](https://longbridge.com/en/news/292414360.md) - [zh-HK](https://longbridge.com/zh-HK/news/292414360.md) --- # Zhitong Hong Kong Stock Early Knowledge | The State Council's regular meeting systematically promotes the construction of Digital China, CITIC Securities expects a year-on-year net profit growth of 69.59% in the first half of the year **【Today's Headlines】** **State Council: Systematically promote the construction of Digital China and accelerate the development of the new generation of communication and computing networks** The State Council held a regular meeting to hear reports on the construction of Digital China. The meeting pointed out the need to systematically promote the construction of Digital China, accelerate the development of the new generation of communication and computing networks, and comprehensively empower economic and social development. It emphasized strengthening the tackling of cutting-edge technologies and enhancing the assessment and prevention capabilities for new security risks. The meeting highlighted the need to promote the large-scale development of emerging pillar industries across the entire chain, strengthen basic research and key software and hardware breakthroughs, support multiple technological routes, emphasize application-driven development, and accelerate technological iteration and ecological improvement. It called for strengthening element guarantees, optimizing regulatory models, and guiding localities to develop in a manner suited to their specific conditions. **【Market Outlook】** **SK Hynix's US stock debut, closing up 12.76% on the first day** Overnight, US stocks closed with the Dow Jones Industrial Average up 149.68 points, an increase of 0.29%, closing at 52,637.09 points; the Nasdaq rose 74.72 points, an increase of 0.28%, closing at 26,281.61 points; the S&P 500 index rose 31.61 points, an increase of 0.42%, closing at 7,575.25 points. Last week, the S&P 500 rose a cumulative 1.23%, the Nasdaq rose a cumulative 1.74%, while the Dow fell 0.50%. SK Hynix's ADR rose 12.76%, NVIDIA (NVDA.US) rose 4.03%, Micron Technology (MU.US) fell 1.24%, SanDisk (SNDK.US) rose 3.10%, and Meta Platforms (META.US) rose 5.97%. The global HBM storage leader SK Hynix made its US stock debut, closing up 12.76% on its first day, surpassing Micron Technology in market capitalization. The Nasdaq Golden Dragon China Index fell 0.23%, with mixed performance among popular Chinese concept stocks. The Hang Seng Index ADR rose, closing at 24,287.45 points, an increase of 112.33 points or 0.46% compared to the Hong Kong closing. WTI crude oil futures for the current month fell by $0.57, closing at $71.51 per barrel, a decrease of 0.79%. COMEX gold futures for the current month fell by $11.90, a decrease of 0.29%, closing at $4,128.9 per ounce. **【Hot Topics Ahead】** **The State Council has in principle approved the "15th Five-Year Plan for the Revitalization and Development of Traditional Chinese Medicine"** Firmly adhere to the path of health and wellness development with Chinese characteristics, resolutely implement the health and wellness work guidelines of the new era, maintain a balanced emphasis on both traditional Chinese and Western medicine, uphold integrity and innovation, follow the laws and characteristics of traditional Chinese medicine, improve the inheritance and innovation development mechanism of traditional Chinese medicine, accelerate the modernization of traditional Chinese medicine, and promote traditional Chinese medicine to the world. **National electricity load reaches a historic high of 1.518 billion kilowatts** Since the beginning of this year, the national economy has continued to develop towards new and better directions, with a steady increase in the level of electrification at the end-user level. Coupled with recent high temperatures in many parts of the country, electricity loads have rapidly surged. On July 10, the national electricity load reached a historic high for the first time this year, peaking at 1.518 billion kilowatts, an increase of 10 million kilowatts compared to the historical peak. Since the beginning of summer, the electricity load of the southern regional grid and several provincial grids including Guangdong, Guangxi, Hainan, Ningxia, Gansu, Fujian, and Shaanxi has set new historical highs more than 20 times Involving the Hong Kong stock power sector and distribution equipment. **Sinopec Completes Restructuring of China Aviation Oil, Making It a Wholly-Owned Subsidiary** According to the news office of Sinopec, the company announced the completion of the restructuring of China Aviation Oil, which officially becomes a wholly-owned subsidiary of Sinopec. This is an important measure to promote the strategic and specialized restructuring of central enterprises and is a proactive move to serve national strategies and respond to international competition. **Xinjiang Xinxin Mining (03833): Xinjiang Nonferrous Plans Strategic Restructuring with Xinjiang Geological Mining** As of now, the aforementioned matters do not involve significant asset restructuring for the company, nor do they involve changes to the company's controlling shareholder or actual controller, and will not have a significant impact on the company's normal production and operation activities. Currently, the company's production and operations are normal. The company will disclose information in a timely manner according to relevant regulations based on the progress of the aforementioned matters. Both Xinjiang Nonferrous and Xinjiang Geological Mining are enterprises actually controlled by the State-owned Assets Supervision and Administration Commission of the People's Government of Xinjiang Uygur Autonomous Region. **XunCe (03317) Signs Strategic Cooperation Memorandum with Lutech** XunCe (03317) announced that Lutech is a leading digital and artificial intelligence service company in Italy and a core service provider in the digital and AI field in Europe, offering digital transformation solution design, implementation, and operational management services for enterprises and institutions across various industries. This strategic cooperation marks an important step for the group in advancing its data tokenization capabilities into overseas markets and is a significant breakthrough in the internationalization of the TokenOS operating system and tokenized business model, participating in the construction of global AI data infrastructure. **Ganfeng Lithium (01772) Receives Prosecutorial Non-Prosecution Decision** Ganfeng Lithium (01772) announced that on December 29, 2025, the company received a notice of prosecution transfer issued by the Yichun Public Security Bureau, as the company was suspected of insider trading unit crimes, and the case has been transferred to the prosecutorial authority for review and prosecution. On July 10, 2026, the company received a "Non-Prosecution Decision" (Yijian Criminal Non-Prosecution \[2026\] No. 1) from the Yichun People's Procuratorate of Jiangxi Province, which decided not to prosecute the company based on relevant laws and regulations. **Wuyi Vision (06651): Officially Reaches Strategic Cooperation with HuanTian Wisdom in Aerospace Field** Wuyi Vision (06651) announced that recently, the company officially reached a strategic cooperation in the aerospace field with HuanTian Wisdom Technology Co., Ltd. (HuanTian Wisdom). HuanTian Wisdom is a leading domestic commercial aerospace enterprise focusing on the overall development and on-orbit operation of space-based Earth observation remote sensing satellites, and is also the largest commercial aerospace entity in the southwest region with the capability of constructing and operating a fully autonomous remote sensing satellite constellation. The two companies will collaborate on the collection of high-precision satellite remote sensing data and the reconstruction of "physically usable" data assets, and jointly customize the world's first commercial remote sensing satellite designed specifically for physical AI training and simulation applications—Earth Clone Star "ECS-1." This cooperation marks the first deep co-construction between China's physical AI industry and commercial aerospace in the satellite payload layer **Huaqin Technology (03296) Acquires 1.6282 Million Shares of Jinghe Integrated H Shares for Approximately HKD 56.41 Million** After the completion of the acquisition and as of the date of this announcement, the group holds approximately 10.00% of the total issued share capital of Jinghe Integrated (02249). The acquisition demonstrates the group's continued confidence in the future development prospects of Jinghe Integrated and recognition of its long-term investment value. **Basic Semiconductor (09971): Some Product Prices Expected to Increase by Up to 25%** According to Zhitong Finance APP, Basic Semiconductor (09971) announced that, due to the rapid development of emerging applications such as global artificial intelligence (AI) and new energy vehicles since 2026, market demand continues to grow, maintaining a tight balance in the industry supply and demand relationship. After a comprehensive assessment of the market environment, cost changes, and overall business strategy, the group will moderately adjust the sales prices of some products starting from the third quarter of 2026 to support ongoing R&D investment and ensure product quality and supply stability. The price increase for some products is expected to be no more than 25%, with specific adjustment plans determined based on product categories, order sizes, cooperation models, market regions, and other factors, and implemented in an orderly manner with relevant customers. **CITIC Securities (06030): Expected Net Profit in the First Half of the Year to Increase by 69.59% Year-on-Year** CITIC Securities announced that it expects the net profit attributable to the parent company for the first half of 2026 to be RMB 23.343 billion, an increase of 69.59% year-on-year. The performance change is mainly due to the stable and improving capital market in the first half of 2026, with the company's various businesses developing in synergy, achieving historical highs in operating performance for the same period. Note: The company's Q2 net profit is expected to be RMB 13.127 billion, and Q1 net profit is RMB 10.216 billion, thus Q2 net profit is expected to increase by 28% quarter-on-quarter. **Muyuan Foods (02714) Issues Profit Warning, Expects Mid-Term Net Loss of RMB 5.7 Billion to 6.7 Billion, Turning from Profit to Loss Year-on-Year** According to Zhitong Finance APP, Muyuan Foods (02714) announced that the company expects to incur a net loss of RMB 5.7 billion to 6.7 billion for the six months ending June 30, 2026, compared to a profit of RMB 10.79 billion in the same period last year. **Luoyang Molybdenum (03993) Issues Profit Alert, Expected Mid-Year Net Profit Attributable to Shareholders to Increase by 78.76% to 90.29% Year-on-Year** It is expected that the net profit attributable to the company's shareholders, excluding non-recurring gains and losses, for the first half of 2026 will be between RMB 15.00 billion and 16.00 billion, an increase of RMB 6.276 billion to 7.276 billion compared to the same period last year, representing a year-on-year increase of 71.94% to 83.40%. The increase in the company's performance in the first half of 2026 is attributed to the growth in both volume and price of its main copper products, significant price increases for molybdenum and tungsten products, and the consolidation of its Brazilian gold mining business, which contributed to the performance improvement. **Jiaxin International Resources (03858) Issues Profit Alert, Expected Mid-Term Net Profit Attributable to Shareholders of Approximately HKD 1.45 Billion to 1.55 Billion, Turning from Loss to Profit Year-on-Year** The significant increase in net profit attributable to equity holders is due to the following two reasons: (1) The group will commence commercial production in April 2025, and at the same time in 2025, the production time will be less than 2 months, while the company achieved 6 months of production during that period; (2) After commercial production, the average selling price of tungsten concentrate has risen sharply during that period. **Guoen Technology (02768) issues profit warning, expecting net profit attributable to the parent company for the first half of the year to be between 600 million and 750 million yuan, a year-on-year increase of 73.48%-116.85%** The company accurately assesses the trends in the upstream petrochemical raw material market, relying on a vertically integrated layout of the entire industry chain from "monomer-synthetic resin-organic polymer modification/composite materials-products" to ensure the resilience of the core raw material supply chain, consolidate cost advantages, and fully release the value of the entire chain. The core product HP-RTM ultra-thin lightweight battery pack technology iteration has achieved new results, market expansion has made key breakthroughs, strategic cooperation with major customers continues to deepen, new customer development is progressing in an orderly manner, and there is a substantial backlog of orders with significant results in product volume. **China Shipbuilding Defense (00317) expects net profit attributable to the parent company for the first half of the year to increase by 50.08% to 69.08% year-on-year** The shipbuilding industry maintains a high level of prosperity, with the company's order structure continuously optimizing and production tasks being sufficiently full. The operating performance of joint ventures has significantly improved, and the dividend levels of associated companies have steadily increased, confirming a substantial year-on-year increase in investment income. **【Stock Highlights】** **Hansoh Pharmaceutical (03692): HS-20093 for the treatment of small cell lung cancer Phase III clinical study reaches primary endpoint** Hansoh Pharmaceutical (03692) announced that its self-developed B7-H3 targeted antibody-drug conjugate (ADC) HS20093 has reached the primary endpoint of overall survival (OS) in a key Phase III clinical trial (ARTEMIS-008) for patients with small cell lung cancer (SCLC) who have progressed or relapsed after platinum-based treatment. In the pre-specified interim analysis, HS-20093 showed statistically and clinically significant improvements in OS compared to topotecan, with consistent benefits observed in secondary clinical endpoints, including progression-free survival (PFS). The safety profile is consistent with previous study results, and no new safety signals were identified. Based on these positive results, the group will soon initiate communication with regulatory authorities to advance the preparation for the new drug application in China. 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