Hong Kong stock movement: Double blow from poor performance and equity dilution, CHINA IN-TECH plummets 14.65%

Hong Kong Stock Movement

CHINA IN-TECH fell 14.65%. Based on recent key news:

1. On November 27, CHINA IN-TECH announced its interim results, with revenue down 23.8% and losses narrowed to 18.88 million yuan. Poor performance has put pressure on the stock price, undermining investor confidence.

2. On November 27, the company completed a subscription agreement, issuing 117 million new shares at a subscription price of 0.9 yuan, expanding the issued share capital by approximately 15.48%. The dilution of shares may affect stock price performance.

3. On November 27, the revenue from the electronic hairdressing products segment decreased by 23.15 million yuan, impacting overall performance. Increased industry competition has led to a reduction in market expectations for the company's future growth. Competition in the white goods industry has intensified, with significant capital outflow.

Stocks with High Trading Volume in the Industry

Midea Group fell 0.11%. Based on recent key news:

1. On November 27, Midea Group announced a donation of HKD 10 million for fire rescue efforts in Hong Kong, demonstrating corporate social responsibility, but it failed to significantly boost the stock price. Source: Zhitong Finance

2. On November 27, Midea Group continued to repurchase shares, spending 100 million yuan to buy back 1.25 million shares, aiming to stabilize the stock price. Source: Zhitong Finance

3. On November 26, Midea Group obtained a design patent for refrigerator doors, indicating increased R&D investment, but the patent authorization did not have a direct impact on the stock price. Source: Securities Star Intelligent Manufacturing Sector sentiment is heating up, market style rotation needs attention.

Haier Smart Home fell 1.04%. Based on recent key news:

1. On November 27, Haier Smart Home announced the repurchase of 270,000 shares at a price of 26.82-27.53 yuan, showing the company's confidence in its own value, thus supporting the stock price.

2. On November 27, Haier Smart Home's stock gradually stabilized and strengthened, with technical indicators showing a strong short-term bullish atmosphere, and positive capital inflow dynamics enhancing market confidence in its stock price.

3. On November 26, Haier Smart Home urgently donated HKD 10 million for the relief of residents affected by the fire in Hong Kong, demonstrating the company's sense of social responsibility, which may have a short-term impact on the stock price. The home appliance industry has favorable policies, with positive capital inflow.

Hisense Home Appliances fell 1.16%. Based on recent news:

1. On November 28, the Ministry of Industry and Information Technology and five other ministries released an implementation plan to promote consumption, aiming to form multiple trillion-level consumption sectors by 2027. This move may have a positive impact on technology consumer companies like Hisense Home Appliances, but the market reaction in the short term is not obvious. Source: Ta Kung Pao

2. On November 27, the U.S. International Trade Commission launched a "337 investigation" into Hisense and other companies regarding liquid crystal devices, involving allegations of intellectual property infringement. This investigation may put pressure on Hisense Home Appliances' international business, leading to a decline in stock price. Source: Economic Information Daily

3. On November 28, a report from Galaxy Securities pointed out that the mainland consumption industry needs to focus on long-term consumption goals and short-term policy changes. Hisense Home Appliances is recommended as a technology consumer product, with the market holding an optimistic view of its future performance, but the current stock price is still affected by external factors Source: Ta Kung Pao Consumption policies promote industry development, focus on risks

Stocks ranked among the top in industry market capitalization

AUX Electric, up 0.38%, with a market capitalization of HKD 25.3 billion, has no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation