The Hang Seng Index closed up 0.74%, and the Hang Seng Tech Index rose 1.82%

36Kr learned that the Hang Seng Index rose by 0.74%, and the Hang Seng Tech Index increased by 1.82%; the semiconductor, electrical equipment, and defense military industry sectors led the gains, with Hua Hong Semiconductor rising over 13%, SOLARGIGA rising over 9%, and AVICHINA rising over 4%; the environmental protection, food and beverage, and transportation sectors saw the largest declines, with Qin Port Co., Ltd. falling over 10%, Zhengwei Group dropping over 8%, and Dongjiang Environmental falling over 4%; southbound funds had a net purchase of HKD 3.414 billion

Liaoning Boxinke, an Affiliate of Solargiga Energy, Enters Procurement Framework Agreement with Jinzhou Youxin

Liaoning Boxinke, a subsidiary of Solargiga Energy Holdings Limited, has entered into a procurement framework agreement with Jinzhou Youxin. The company specializes in manufacturing and trading electronic semiconductor materials in the PRC. This announcement was originally published by Solargiga Energy on September 10, 2025.

The Hong Kong stock market's photovoltaic sector declined against the trend, with XINTE ENERGY and GCL-Poly Energy falling over 4%, SOLARGIGA and Flat Glass Group dropping over 3%, XINYI GLASS, XINYI ENERGY, and XINYI SOLAR decreasing over 2%, and Fuyao Glass, CONCORD NE, and TRIUMPH NEW EN all falling over 1%

The Hong Kong stock market's photovoltaic solar panel sector continues to rise, with SOLARGIGA up over 40%, COMTEC SOLAR up over 6%, and TIMES ELECTRIC, CHINA LONGYUAN, and BJ ENERGY INTL also following suit

Is Solargiga Energy Holdings (HKG:757) Using Debt In A Risky Way?

Solargiga Energy Holdings (HKG:757) has significant debt, totaling CN¥820.8m, with a net debt of CN¥696.5m after accounting for CN¥124.2m in cash. The company's liabilities exceed its cash and receivables by CN¥667.2m, raising concerns about its financial stability. In the past year, Solargiga reported a 44% revenue decline to CN¥3.0b and a substantial EBIT loss of CN¥186m, indicating a risky investment. Investors should monitor the company's balance sheet closely and consider potential warning signs before investing.