【Hong Kong Stock Night Futures + ADR + Northbound Funds】BYD ADR loses red background; Night Futures down 112 points (continually updating)

【Hang Seng Index/HSI/Hang Seng Index/HK Stocks/Night Futures/ADR】Oil prices continue to rise, night futures dropped 112 points to 24739 points, the Chinese concept stock index fell 0.9% to 6659 points, and BYD ADR is down 8% compared to Hong Kong stocks.

| ADR | Converted HKD | Change from Hong Kong Closing Price | | BYD ADR | 98.32 | -7.68% | | Meituan ADR | 84.61 | -1.51% | | Tencent ADR | 487.04 | -1.29% | | HSBC ADR | 125.30 | +0.40% | | Alibaba US Stock | 121.33 | -1.04% |

Net outflow of 2.9 billion from the North, buying Pop Mart Meituan, large-scale sell-off of the Tracker Fund, Alibaba, and Xiaomi

A net outflow of 2.88 billion was recorded from the North, with the main investment in Pop Mart (09992) and Meituan (03690), attracting 460 million and 340 million respectively, while Yangtze Optical Fiber (06869) attracted 230 million; on the net outflow side, the Tracker Fund (02800) saw an outflow of 3.56 billion, and Alibaba (09988) and Xiaomi (01810) recorded outflows of 660 million and 650 million respectively.

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The Hang Seng Index rose 95 points but did not stabilize above 25000. BYD rose 3% before earnings, Meituan fluctuated and dropped 0.9%, and Pop Mart continued to decline.

Hong Kong stocks rebounded by nearly a hundred points but did not stabilize above 25000. The Hang Seng Index opened 87 points lower at 24768 points, then moved upward, rising as much as 239 points in the afternoon to a high of 25095 points. The index closed up 95 points at 24951 points, remaining below 25000 points, with a turnover of 263.08 billion. The tech index rose 0.3% to 4778 points. BYD (01211) rose over 3% before earnings, while the ATM was soft against the market, with Meituan (03690) fluctuating and dropping 0.9%. Pop Mart (09992) fell another 0.7%.

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US stock updates are continuously refreshed, details on the next page

Financial Diary:

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Market Trends:

【18:50】On Friday, the North saw an outflow of 2.9 billion, buying Pop Mart and Meituan, large-scale sell-off of the Tracker Fund, Alibaba, and Xiaomi. The Hang Seng night future dropped 139 points.

【16:10】The Hang Seng Index fluctuated up 95 points, closing at 24951 points, remaining below 25000 points, with a turnover of 263.08 billion. The tech index rose 0.3% to 4778 points. BYD (01211) rose over 3% before earnings, while Meituan (03690) fluctuated and dropped 0.9% after earnings. Pop Mart (09992) fell another 0.7%.

【16:10】【Real Estate Earnings】Longfor recorded core losses last year of 1.7 billion RMB, no dividend, with short-term debts of 15.8 billion RMB due within a year.

【16:00】The Hang Seng Index rose 103 points pre-close, reporting 24959 points, with a turnover of 253.53 billion.

【16:00】【173 Earnings】K Wah reported a core loss of 1.29 billion last year, final dividend cut by 80% to 1 cent, expects Hong Kong residential prices to rise at least 5% this year.

【16:00】【981】SMIC’s stock price fell 1% after reports that US officials indicated SMIC provided chip manufacturing equipment to the Iranian military.

【15:43】SMIC (00981) fell over 1%, Hua Hong Semiconductor (01347) fell 0.1%.

【15:40】Longfor (00960) fell 4% after earnings, hitting a low of 7.52 HKD. Longfor’s net profit last year was 1.02 billion RMB, a year-on-year decrease of 90.2%, and they decided not to declare a final dividend.

【15:18】Meituan (03690) softened in the closing market, turning down 0.3%.

【14:00】The Hang Seng Index’s upward trend reversed, with the latest increase narrowing to about 145 points, struggling at the 25000 mark, having previously peaked at 25095 points in the afternoon.

【13:14】The market’s increase expanded to 209 points, reporting 25065 points.

【13:13】Leapmotor (09863) rose nearly 7%, peaking at 49.76 HKD.

【13:01】Hong Kong stocks rose about 166 points in the early afternoon, reporting 25023 points, climbing back above 25000, with a turnover of 139.7 billion, and the tech index rose 1.1% to 4814 points.

【12:54】【Insurance Stock Analysis】Ping An rose 0.7% post-results, while China Life stabilized after a sharp drop yesterday; analysis: investment losses dragged down results, which insurance stock is better?

【12:46】【267 Earnings】CITIC Limited earned 0.9% more for the year, final dividend increased by 6.9% to 0.385 RMB.

【12:23】【Mobile Game Stocks 2400 Earnings】Xindong Company reported a profit increase of 89% last year to 1.54 billion RMB, canceled dividend, and gaming business revenue increased by 10.5%.

【12:23】【Pharmaceutical Stocks Earnings】SSY Group’s net profit fell 56% last year, final dividend decreased by 68% to 3 cents.

【12:00】The Hang Seng Index rebounded 137 points at noon, reporting 24993 points, just a step away from 25000, with a turnover of 135.78 billion, and Meituan (03690) rose over 1% post-results, while BYD (01211) rose over 4% before results. Pop Mart (09992) repurchased nearly 600 million, and the stock price rebounded 0.9%.

【11:57】【883 Analysis】CNOOC fell over 1% post-results, with Citi raising its target price; analysis: “Its biggest advantage is its low extraction costs,” currently at a profit given oil prices at 100 USD.

【11:52】【Resource Stocks Earnings】Nanshan Aluminum International’s profit increased by 1% last year, with alumina prices continuing to decline, and business under pressure in the first half of the year.

【11:40】The market’s increase expanded to a hundred points, peaking at 24975 points, attempting to reclaim the 25000 mark.

【11:23】Before the midday close of Hong Kong stocks, the Hang Seng Index rose about 43 points, touching 24900 points.

【11:17】【3690 Analysis】Meituan rose about 2% post-results, with Citi upgrading its rating and target price; analysis: at current levels, “it’s very cheap,” but business is expected to “not perform particularly well” in the next two to three quarters.

【10:58】BYD (01211) rose over 4%, peaking at 107.7 HKD.

【10:47】Meituan (03690) turned up 3%, peaking at 90.7 HKD, driving the market to rebound about 80 points, reporting 24935 points, with a turnover of 98.9 billion, and the tech index rose 0.9% to 4805 points.

【10:42】【9992】Pop Mart’s stock price stopped falling, rebounding 4% after a repurchase of nearly 600 million; the stock price has cumulatively fallen by 30% in the two days after the earnings announcement.

【10:24】MINIMAX (00100) fell 6%, hitting a low of 920 HKD, while Zhipu (02513) fell half a percent, hitting a low of 641.5 HKD.

【10:15】BYD (01211), which will announce its earnings today, saw its stock price rise over 3% before earnings, peaking at 107.5 HKD.

【10:12】Sihuan Bio (01801) rose nearly 7% post-results, peaking at 85.55 HKD.

【1801 Earnings】Sihuan Bio achieved its first profit last year, earning 814 million RMB, maintaining no final dividend.

【10:09】Zijin (02899) rose 0.4%, Zijin Mining International (02259) rose over 2%, while Zhaojin (01818) and Shandong Gold (01787) rose over 1%, Lingbao Gold (03330) rose nearly 3%.

【Gold Price Trends】Gold prices regained some ground, with Trump delaying the deadline for reaching an agreement with Iran; the Turkish central bank sold over 8 billion USD in gold, increasing downward pressure on gold prices.

【10:09】Xiaoma Zhixing (02026) fell over 13% post-results, hitting a low of 73.2 HKD.

【2026 Earnings】Xiaoma Zhixing reported an adjusted loss of 174 million USD last year, a year-on-year increase of nearly 32%, aiming to expand its driverless taxi fleet to 3000 units by the end of this year.

【09:53】After the Hong Kong stock market opened, it briefly turned up but the rebound was insufficient; it fell again by over a hundred points, reporting 24725 points, down 130 points, with a turnover of 50.9 billion, and the tech index fell 0.7% to 4727 points.

【09:22】The Hang Seng Index continued to open lower by 87 points, reporting 24768 points, with a turnover of 3.35 billion, and the tech index fell 0.4% to 4740 points. Meituan (03690) fell 0.6% post-results, AIA (01299) fell over 3%, while Pop Mart (09992) stabilized and rebounded over 1%.

【3690 Earnings】Meituan reported an adjusted loss of 15.08 billion RMB in Q4, which was worse than expected; Wang Xing stated: “The loss per order improved quarterly in food delivery,” pushing for “AI super entrance,” and not turning into a “Token factory” (second version).

【09:03】The Hang Seng black futures fell about 94 points, reporting 24723 points.

【07:50】【New IPO】Tongrentang Medical Care 2667 delayed its sale and listing plans, considering various factors including the current market situation; it will return the application funds.

【07:45】【Morning Highlights】Meituan reported an adjusted loss of 15.08 billion RMB in Q4, which was worse than expected｜Hong Kong ranks third in the global financial center index, first in the Asia-Pacific region｜Cathay Pacific adds fuel surcharge again.

【07:45】From Trump’s remarks, there have been developments in the Iranian situation; night futures dropped 8 points, closing at 24782 points, the Chinese concept stock index fell 2.6% to close at 6721 points, and Meituan’s ADR once performed well after results, rising 3.8% compared to Hong Kong, but due to macro conditions, it closed down 1.6% compared to the Hong Kong closing price.

| ADR | Converted HKD | Change from Hong Kong Closing Price | | Meituan ADR | 85.29 | -1.62% | | Tencent ADR | 490.94 | -0.94% | | HSBC ADR | 124.62 | -0.14% | | Alibaba US Stock | 122.67 | -0.27% |

More Hong Kong stock ADR and Chinese concept stock quotes:

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【07:30】Inflation concerns continue, the Dow closed down 469 points at 45960 points, the S&P 500 fell 1.7% to 6477 points, and the Nasdaq fell 2.4% to 21408 points.

Check US stocks closing:

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Hong Kong stock market situation yesterday, details please see: 【Hong Kong Stocks Night Futures + ADR + North Water】Night futures closed down 8 points, Meituan ADR down 2%