Hong Kong stock movement: Shareholder reduction raises concerns, CHINA IN-TECH rises 10.38% against the trend

Hong Kong Stock Movement

CHINA IN-TECH rose 10.38%. Based on recent key news:

1. On November 3, China Yuen Capital Limited reduced its holdings in CHINA IN-TECH by 3.216 million shares, leading to increased market attention on the stock. After the reduction, the holding ratio dropped to 37.51%, raising investor concerns about the company's future development.

2. On November 5, the latest shareholder equity disclosure showed that Liu Xuezhong and Li Yuelan's holding ratios decreased, from 37.01% to 36.83%. This change may affect market confidence in the company's governance structure.

3. On November 3, despite low attention from investment banks towards CHINA IN-TECH, the stock ranked 8th in the white goods industry, with a market capitalization of HKD 639 million, indicating a certain market position. The white goods industry has performed steadily recently.

Stocks with High Trading Volume in the Industry

Haier Smart Home rose 2.07%. Based on recent news,

1. On November 4, Haier Smart Home signed a strategic cooperation agreement with Sanhua Intelligent Control, where both parties will engage in deep cooperation in collaborative research and development, laboratory co-construction, and layout in emerging fields to enhance supply chain collaboration efficiency and accelerate the transformation of innovative results. This news drove the stock price up.

2. On November 4, Haier Smart Home released its Q3 2025 performance, with revenue of CNY 77.56 billion, a year-on-year increase of 9.5%; net profit attributable to the parent company was CNY 5.34 billion, a year-on-year increase of 12.7%. The performance set a historical high, and the market is optimistic about the company's future profitability, leading to an increase in stock price due to this positive news.

3. On November 5, Haier Smart Home newly obtained a utility model patent authorization, named "Collecting Pipe Structure, Heat Exchanger, and Refrigeration Equipment," enhancing the company's technological innovation capabilities, further boosting market confidence and driving the stock price up. The overall industry performed well, with significant capital inflow.

Midea Group rose 2.72%. Based on recent key news:

1. On November 5, Midea Group announced that as of October 31, it had repurchased a total of 130 million A shares, accounting for 1.7048% of the company's total share capital, with a total payment of approximately CNY 9.575 billion. This move enhanced market confidence in the company's stock, driving the stock price up.

2. On November 5, Midea Group newly obtained a utility model patent authorization, named "Water Container and Water Supply Equipment." Since the beginning of this year, the company has obtained 2,713 new patent authorizations, an increase of 5.69% compared to the same period last year. This news demonstrates the company's continuous investment in technological innovation, enhancing investors' expectations for the company's future development.

3. On November 3, Midea Group spent CNY 100 million to repurchase 1.32 million A shares, with repurchase prices ranging from CNY 75.19 to 76.89 per share. The frequent repurchase actions indicate the company's recognition of its stock value, further boosting market confidence. Industry innovation and repurchase actions enhance market confidence QuanFeng Holdings rose 1.83%. Based on recent key news:

4. On November 4th, the technical indicators for QuanFeng Holdings weakened, with the MACD death cross signal dragging down bullish sentiment. The stock price repeatedly fell below short-term support, leading to gradual capital withdrawal and shrinking trading volume. Source: Zhitong Finance

5. On November 4th, the company's performance and capacity release did not exceed expectations, with external pressures outweighing positive factors. Main funds adopted a avoidance strategy, resulting in weak intraday fluctuations. Source: Zhitong Finance

6. On November 4th, if there is a subsequent intraday surge in volume, forming capital movements at low levels, it may create a short-term rebound window, but attention should be paid to the recovery of trading volume. Source: Zhitong Finance. The Hong Kong stock market has recently seen increased volatility, requiring cautious observation.

Stocks ranked at the top of the industry by market capitalization

Hisense Home Appliances rose 0.60%, with a market capitalization reaching HKD 32.4 billion, and no significant news recently. The trading is active, with clear capital flow. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation