The Hang Seng Index rose 21 points in the half-day session, Geely and CATL rose over 8%, MINIMAX surged and then fell back, LAOPU GOLD announced a profit alert at noon | Hong Kong stock market opens

The Hang Seng Index opened 153 points higher this morning, showing narrow fluctuations, with the increase narrowing to 9 points at 25,950 points at one point, and rising as much as 190 points to a high of 26,149 points. As of the midday report, it was at 25,981 points, up 21 points or 0.08%, with a half-day turnover of HKD 147.4 billion. The Tech Index reported 5,073 points at midday, up 13 points or 0.26%. Among the heavyweight blue chips, AIA (1299), CNOOC (883), and Tencent (700) supported the market, rising 1.3%, 2%, and 0.5% respectively, along with Geely (175), which surged over 8.6%, contributing the most to the Hang Seng Index. In contrast, Meituan (3690) and HSBC (005) fell against the market, down 2.7% and 0.7%, dragging down the performance of the Hang Seng Index. Geely's "Galaxy M7" Expected to Launch Sales in the First Half of the Year In news, Geely Auto's new mid-size hybrid SUV from the Galaxy series, the "Galaxy M7," has begun arriving at 474 authorized dealer stores nationwide, with official sales expected to launch in the first half of the year. In addition to Geely, CATL (3750), which recently announced impressive results, also rose 8.4% at midday, making it one of the best-performing blue chips. On the other hand, although the "lobster craze" continues in mainland China, the two focus concept stocks showed signs of fatigue, with MINIMAX (100) and Zhihui (2513) falling 1.6% and 0.6% respectively at midday. LAOPU GOLD Expected to Increase Net Profit by Up to 233% In individual stock news, LAOPU GOLD (6181) announced a profit alert at midday, expecting last year's sales performance to be around RMB 31 billion to 32 billion, an annual growth of about 216% to 227%; revenue is expected to be around RMB 27 billion to 28 billion, an annual increase of about 217% to 229%; and net profit is expected to be around RMB 4.8 billion to 4.9 billion, an annual growth of about 226% to 233%. The stock closed at HKD 640 at midday, up 0.16%. Regarding the main reasons for the increase in revenue and net profit, the group stated that the brand's influence continues to expand, forming an absolute market advantage, leading to significant growth in overall revenue from online and offline stores; continuous product optimization and new iterations ensure sustained high growth in online and offline revenue; and compared to 2024, 10 new stores were added, and 9 stores were optimized and expanded, generating incremental revenue contributions. ----- 0930: News regarding the Middle East situation continues to cause significant fluctuations in oil prices. U.S. Energy Secretary Granholm posted on social media on Tuesday that the U.S. Navy successfully escorted an oil tanker through the Strait of Hormuz, but the post was deleted shortly after; White House spokesperson Levitt also stated that the U.S. did not escort any vessels. On the other hand, former U.S. President Trump demanded that Iran clear any possible mines that may have been laid, or face unprecedented military consequences. IEA Reportedly to Release Largest Oil Reserve in History Additionally, according to the Wall Street Journal, the International Energy Agency (IEA) has proposed the largest oil reserve release plan in history, with countries expected to make a decision on the plan on Wednesday (11th). Following this news, international oil prices plummeted, with Brent crude oil falling over 4% to USD 87, and WTI crude oil dropping over 3% to USD 83.7 The three major U.S. stock indices performed steadily on Tuesday, with the Dow Jones closing down 34 points or 0.07% at 47,706 points; the S&P 500 down 14 points or 0.21% at 6,781 points; and the Nasdaq slightly up 1 point or 0.01%. As for the Golden Dragon Index, which reflects the performance of Chinese concept stocks, it rose 1.96% to 7,222 points on Tuesday. Tencent Reportedly Secretly Developing WeChat AI Intelligent Body In the Hong Kong stock market, the Hang Seng Index opened 153 points higher this morning, reporting 26,112 points. Amid the "lobster craze," tech stocks generally performed well, with Tencent (700) reportedly secretly developing a WeChat AI intelligent body, planning to launch it to all users in the third quarter of this year. The stock opened at HKD 578, up over 4%. As for Baidu (9888), it will open a "Lobster Market" outside the K1 gate of Baidu Technology Park at 11 a.m. today (11th), where the company's engineers will provide "one-stop" services on-site, and the stock opened up nearly 2%. Among other tech stocks, Alibaba (9988) rose over 1%; Meituan (3690) slightly increased by less than 1%; JD.com (9618) rose 0.4%; while Xiaomi (1810) remained unchanged. As for the two major AI semi-new stocks, MINIMAX (100) opened down over 3%, and Zhipu (2513) also fell 3%. Health 160 Deploys "Medical Digital Employee" In individual stock news, Health 160 (2656) announced the gradual deployment of a "medical digital employee" system for medical institutions, promoting the application of AI intelligent bodies represented by OpenClaw in medical scenarios. The stock opened up 2%. Nio Turns Profit for the First Time in a Quarter In terms of earnings, Nio (9866) reported an adjusted net profit of RMB 727 million in the fourth quarter of last year, turning profitable for the first time in a quarter, while recording an adjusted net loss of RMB 6.622 billion in the same period of 2024. The stock opened at HKD 43.86, up 14%. Related article: Nio Reports Adjusted Profit of RMB 730 Million in Fourth Quarter, First Time Turning Profit, Expects First Quarter Revenue to More Than Double Wugu Mofang Issues Earnings Surprise Wugu Mofang (1837) issued an earnings surprise, expecting a net profit of between RMB 260 million and RMB 265 million last year, an annual growth of 38% to 41%. The stock opened at HKD 1.29, up over 14%. Related article: Earnings Surprise Stocks Anticipate Increased Dividends | Tang Niu Guofu Hydrogen Energy Offers 12% Discount on Placement On the other hand, another listed company is conducting a placement "to draw water." Guofu Hydrogen Energy (2582) plans to place 4.909 million shares, raising approximately RMB 150 million, which corresponds to 4.84% and 3.88% of the expanded issued H shares and total shares, respectively, with a placement price of HKD 31.07 per share, a 12.3% discount to the previous closing price of HKD 35.42. The stock opened at HKD 33, down over 6%. Regarding the movement of northbound capital, there was a net sell of HKD 17.953 billion in Hong Kong stocks yesterday, but Tencent (700), Alibaba (9988), and Changfei Optical Fiber (6869) received net purchases of HKD 3.648 billion, HKD 1.332 billion, and HKD 151 million, respectively; while the Tracker Fund of Hong Kong (2800), Hang Seng China Enterprises (2828), and Southern Hang Seng Technology (3033) faced net sells of HKD 13.556 billion HKD 5.379 billion and HKD 3.571 billion