Hong Kong Stock Movement
BLACK SESAME fell 10.12%. Based on recent key news:
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On November 18, BLACK SESAME signed a strategic cooperation agreement with Jiangsu Zhichi Zhiyuan, and both parties will cooperate in the application of optical communication technology in automotive and embodied intelligent terminals, as well as in automotive assisted driving. This move aims to accelerate the productization and commercialization of core technologies and enhance market share.
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On November 20, BLACK SESAME launched the multi-dimensional embodied intelligent computing platform SESAMEX in Shanghai, aiming to provide high computing power and low latency solutions for the new generation of embodied intelligence, accelerating the commercialization of the robotics industry.
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On November 18, BLACK SESAME's CMO Yang Yuxin stated that the company has made large-scale investments in the toolchain to support the software deployment of third-party algorithm companies and promote the commercialization of chip platforms. Competition in the technology industry is intensifying, and market volatility is evident.
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Stocks with High Trading Volume in the Industry
SMIC rose 0.48%. Based on recent key news:
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On November 18, SMIC released its revenue guidance for the fourth quarter, expecting a quarter-on-quarter flat to 2% growth, with production lines fully loaded and a gross margin guidance of 18% to 20%. The rise in memory prices has led clients to compress prices for other chip purchases, affecting stock price increases. Source: Jinwu Financial News
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On November 17, CMB International's research report pointed out that SMIC's third-quarter revenue was $2.38 billion, a quarter-on-quarter increase of 7.8%, with a gross margin of 22.0%, exceeding expectations. The increase in capacity utilization has offset depreciation pressure, driving up the stock price. Source: Jinwu Financial News
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On November 17, JP Morgan released a research report stating that SMIC's stock price has risen significantly due to support for domestic production of AI chips. Despite strong demand, the gross margin remains low, affecting the stock price. Source: Zhitong Finance, strong demand in the chip industry, rising memory prices.
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Huahong Semiconductor fell 3.05%. Based on recent key news:
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On November 18, Huahong Semiconductor experienced large transactions, with a transaction amount exceeding 20 million Hong Kong dollars, indicating high market attention to the stock, which may lead to price fluctuations. Source: Economic Information Daily
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On November 17, Huahong Semiconductor announced plans to acquire approximately 97.5% equity of Shanghai Huali Microelectronics, and there is uncertainty in the market regarding the negotiation of acquisition terms and its potential impact, which may affect the stock price. Source: Economic Information Daily
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On November 17, Guosen Securities' research report indicated that Huahong Semiconductor's third-quarter performance exceeded guidance, with significant growth in sales revenue and gross margin. Despite good performance, market expectations for future growth may lead to stock price adjustments. Source: Jinwu Financial News, strong demand in the semiconductor industry, increasing market volatility.
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InnoCare Pharma rose 1.46%. Based on recent news:
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On November 19, InnoCare Pharma won two core gallium nitride patent validity lawsuits, rejecting Infineon's invalidation requests, boosting market confidence, and the stock price rose by 3.8%
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On November 17, Bank of America Securities released a research report, giving InnoCare a &#34;Buy&#34; rating for the first time, with a target price of HKD 108, expecting a compound annual growth rate of 72% in revenue from 2024 to 2027, driving the stock price up.
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On November 18, the latest analyst rating was &#34;Buy,&#34; with a target price of HKD 113.60, further boosting investor confidence. The Hang Seng Index fell by 0.3%, indicating overall market weakness.
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Stocks ranked among the top in industry market capitalization
Shanghai Fudan fell by 1.43%. Based on recent news,
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On November 17, Shanghai Guosheng Group invested HKD 5.144 billion to acquire a 12.99% stake held by Shanghai Fuxin Vango, becoming the largest shareholder of Fudan Microelectronics. This move enhanced the company's financial and resource support in the chip design field, leading to a rise in stock price against the market trend. Source: Economic Information Daily
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On November 17, Fudan Microelectronics reported a turning point in its third-quarter performance, with revenue increasing by 33.28% year-on-year and net profit attributable to shareholders rising by 72.69% year-on-year. Significant growth in sales of non-volatile memory and FPGA chips drove strong stock performance. Source: Economic Information Daily
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On November 19, Fudan Microelectronics reported a year-on-year revenue increase of 12.7% for Q1-Q3 2025, but an increase in inventory impairment provisions led to a 25.63% year-on-year decline in net profit attributable to shareholders. Nevertheless, the net cash flow from operating activities saw significant growth, indicating long-term growth potential. Source: Economic Information Daily The semiconductor industry is recovering, with significant room for domestic production
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BLACK SESAME fell 10.12%; SMIC rose 0.48%, with a transaction volume of HKD 4.08 billion; Hua Hong Semiconductor fell 3.05%, with a transaction volume of HKD 2.727 billion; Innovent Biologics rose 1.46%, with a transaction volume of HKD 490 million; Shanghai Fudan fell 1.43%, with a market value of HKD 31.8 billion

Hong Kong stock movement: BLACK SESAME fell 10.12%, strategic cooperation and new platform launch failed to boost stock price