--- title: "HK Equities Show Severe Divergence as Mining Surges and Tech Supply Chains Struggle" type: "News" locale: "en" url: "https://longbridge.com/en/news/293448677.md" description: "Hong Kong equities reveal stark sector divergence in mid-2026. Telecommunications and mining giants are posting robust earnings, while consumer technology suppliers face unexpected margin compression as capital shifts toward market leaders." datetime: "2026-07-22T09:18:07.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293448677.md) - [en](https://longbridge.com/en/news/293448677.md) - [zh-HK](https://longbridge.com/zh-HK/news/293448677.md) generator: "portal-rs" --- # HK Equities Show Severe Divergence as Mining Surges and Tech Supply Chains Struggle Hong Kong equities are demonstrating severe sector-level divergence in mid-2026. While upstream materials and telecommunications infrastructure companies are logging robust growth, select consumer technology suppliers are confronting unexpected headwinds, according to people familiar with the matter. ### Ganfeng Lithium (1772.HK) The battery materials giant is targeting a massive turnaround, projecting a net profit of up to **RMB 4.6 billion** for the first half of 2026. The recovery is primarily driven by rebounding lithium prices and optimized cost structures, while its new eVTOL battery technology recently completed initial manned test flights. ### CMOC Group (3993.HK) The mining powerhouse expects its 2024 net income to hit a record high of up to **RMB 14.2 billion**, representing a year-over-year surge of over 55%. The company cited unprecedented copper and cobalt production volumes at its African operations as the main catalyst for the earnings beat. ### Lens Technology (6613.HK) The core supplier to Apple Inc. unexpectedly swung to a **RMB 150 million** net loss in the first quarter of 2026. Management attributed the 17.13% drop in revenue to downward revisions in customer demand caused by consumer storage chip shortages. ### China Telecom (0728.HK) The state-owned operator is leaning heavily into its digital transformation strategy. Emerging businesses, including cloud computing and big data, generated **RMB 450.8 billion** in revenue in 2025, up 4.7% year-over-year, firmly establishing itself as the company's primary growth engine. ### China Unicom (0762.HK) In a bid to capture AI-driven data traffic, the telecom provider deployed the world's largest 5G-A commercial network in Beijing this July. The massive rollout, comprising over 10,000 base stations, is explicitly designed to handle the critical uplink bandwidth required for Mobile AI applications. ### Liuliumei (6658.HK) The plum-based snack maker made a splashy debut on the HKEX in June 2026, with shares surging significantly on its first trading day. However, financial filings indicate that gross margins for its core products have compressed to 33.4%, exposing the firm to volatile raw material costs. ### China Power (2380.HK) Amid sweeping policy shifts, the utility provider is well-positioned to capitalize on Beijing's latest renewable mandates. New guidelines issued in June 2026 aim to push wind and solar capacity beyond 50% by 2030, a move expected to boost the company's green power transaction volumes. ### Baijuyi Holdings (8081.HK) The micro-cap firm, which juggles Australian hotel operations and Hong Kong lending, continues to languish without any major fundamental updates, remaining largely disconnected from broader market rallies. ### BII Railway Transportation Technology (1522.HK) The transit technology provider has been noticeably quiet on the operational front. With zero recent financial disclosures or strategic pivots, analysts are left with limited visibility into its near-term trajectory. ### XL Ernan (7777.HK) Highlighting the murky nature of Hong Kong's tail-end equities, the company lacks any meaningful business footprint or public data releases, exemplifying the ongoing liquidity desert facing obscure small-caps. *This article does not constitute investment advice.* ### Related Stocks - [08081.HK](https://longbridge.com/en/quote/08081.HK.md) - [01522.HK](https://longbridge.com/en/quote/01522.HK.md) - [01772.HK](https://longbridge.com/en/quote/01772.HK.md) - [06613.HK](https://longbridge.com/en/quote/06613.HK.md) - [06658.HK](https://longbridge.com/en/quote/06658.HK.md) - [02380.HK](https://longbridge.com/en/quote/02380.HK.md) - [03993.HK](https://longbridge.com/en/quote/03993.HK.md) ## Related News & Research - [CMOC Last Soars 5%+; Interim Profit Surges 86%, Revenue Hits Record High; Interim DPS Resumed at RMB0.095](https://longbridge.com/en/news/296423052.md) - [New Buy Rating for CMOC Group (CMCLF), the Basic Materials Giant](https://longbridge.com/en/news/296660593.md) - [China Power Intl unit signs RMB 125.6 million Baicheng desulfurization EPC contract](https://longbridge.com/en/news/296603119.md) - [Lens Technology Declares Interim Dividend and Sets Cross-Border Tax Terms](https://longbridge.com/en/news/296653844.md) - [Ximei Resources clarifies tantalum pricing mechanism in Ganfeng Lithium procurement deal](https://longbridge.com/en/news/296362749.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**