--- title: "Hong Kong Moves: Yikong's Debut and Wuxi's Middle East Push" type: "News" locale: "en" url: "https://longbridge.com/en/news/292297627.md" description: "The Hong Kong market is buzzing with diverse activity this week. Yikong debuted strongly while deploying abroad, Wuxi AppTec is targeting Saudi Arabia, and Shandong Molong secured fresh institutional backing. It's a busy season for strategic overhauls." datetime: "2026-07-10T09:12:56.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292297627.md) - [en](https://longbridge.com/en/news/292297627.md) - [zh-HK](https://longbridge.com/zh-HK/news/292297627.md) --- # Hong Kong Moves: Yikong's Debut and Wuxi's Middle East Push I am told that the Hong Kong market is undergoing a significant structural pivot driven by hard-tech IPOs and cross-border expansions. From the debut of autonomous mining vehicles to pharma giants expanding into the Middle East, this is shaping up to be the most significant overhaul of market sentiment since last year. ### Yikong (7687.HK) The autonomous vehicle firm made its official debut on the Hong Kong Stock Exchange on July 8, 2026, successfully claiming the title of the first autonomous mining vehicle stock. The shares saw a solid intraday bump, closing up nearly **10%** on their first day. I'm told that the company raked in **CNY 1.42 billion** from its core closed-environment autonomous solutions in 2025, accounting for over 90% of total sales. What's more, they are already deploying uncrewed mining trucks to Australian production lines, marking a crucial step in overseas expansion and reducing domestic market reliance. ### Wuxi AppTec (2359.HK) Shares have steadied recently following solid performance metrics. The company didn't just post robust top- and bottom-line growth in Q1 2026; it also landed a spot on the prestigious 2026 Dow Jones Sustainability World Index in May. According to people familiar with the matter, Wuxi AppTec is aggressively pushing its CRDMO platform globally to navigate shifting supply chains. The latest move is a strategic MoU with Saudi Arabia's NEOM and Ministry of Health, setting the stage for major Middle Eastern operations later this year. ### Huaqin Technology (3296.HK) The smart device platform giant has been performing notably well. For Q1 2026, Huaqin reported total revenue of **CNY 40.74 billion**, up over **16%** year-over-year, alongside a nearly **26%** jump in net income. I'm told that driven by its platform strategy, the company is rapidly integrating its product matrix from smartphones to automotive electronics. After topping **CNY 170 billion** in full-year 2025 revenue, there are expectations to unleash more capacity in the data center and AIoT supply chain before the next earnings. ### Shandong Molong (0568.HK) The traditional energy equipment manufacturer recently triggered a wave of attention in the secondary market following consecutive days of unusual trading volume in early July. The company quickly clarified that operations remain normal with no undisclosed material events. Notably, exchange filings revealed that JPMorgan Chase scooped up over **5.88 million** shares on July 3. With production and sales both climbing—and revenue jumping **73%** to **CNY 1.02 billion** in the first five months—insiders seem highly confident in a full-year turnaround. ### Also - **Yifei Technology (6871.HK)**: The company passed the HKEX hearing in April 2026. Billed as the first full-category light industrial robot stock, I'm told they are sitting on over **CNY 464 million** in contract backlogs. - **Zijin Mining International (2259.HK)**: Generating about **47 tons** of gold annually, the firm is expanding through cost-effective acquisitions, most notably wrapping up a 100% stake in Kazakhstan's RG Gold mine. - **China Telecom (0728.HK)**: The telecom heavyweight rolled out its 5G-A action plan. Industry watchers see this as setting the groundwork for broader connectivity and core ecosystem applications. - **Country Garden (2007.HK)**: After a grueling cycle, its **USD 17.7 billion** offshore debt restructuring took effect in late 2025. But making a full comeback amid shrinking demand in lower-tier cities remains an uphill battle. _This article does not constitute investment advice._ ### Related Stocks - [07687.HK](https://longbridge.com/en/quote/07687.HK.md) - [02359.HK](https://longbridge.com/en/quote/02359.HK.md) - [03296.HK](https://longbridge.com/en/quote/03296.HK.md) - [06871.HK](https://longbridge.com/en/quote/06871.HK.md) - [02259.HK](https://longbridge.com/en/quote/02259.HK.md) - [02007.HK](https://longbridge.com/en/quote/02007.HK.md) ## Related News & Research - [EACON Lists on HKEX, Accelerating Global Autonomous Mining Growth](https://longbridge.com/en/news/291996549.md) - [J.P. 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