Market Overview - AMD's overnight drop of 17% triggered a significant decline in chip stocks, leading to a 1.95% drop in the Chinese concept index, which negatively impacted the Hong Kong stock market [1] - The Hang Seng Index fell by 340.88 points, or 1.27%, to 26,506.44 points, while the Hang Seng Tech Index decreased by 62.30 points, or 1.16%, to 5,304.14 points [1] - Major tech stocks like Tencent and Alibaba saw declines of nearly 3% and 2.5%, respectively, with Tencent's market value dropping below 500 billion [1] Company Performance - Xinda Biopharmaceuticals (01801.HK) projected total product revenue of approximately RMB 11.9 billion for 2025, reflecting a year-on-year growth of about 45% [2] - Lee & Man Paper Manufacturing (02314.HK) expects profits for 2025 to be between HKD 1.88 billion and HKD 2.00 billion, indicating a year-on-year increase of 38% to 47% [2] - ZTO Express (02057.HK) anticipates total revenue of RMB 48.5 billion to RMB 50 billion for 2025, representing a year-on-year growth of approximately 9.5% to 12.9% [2] - China Resources Cement (01313.HK) forecasts a year-on-year profit increase of about 115% to 135% for 2025, driven by reduced costs and impairment losses [2] Corporate Actions - Goldin Properties (00535.HK) reported a January contract sales total of approximately RMB 239 million, a year-on-year decrease of 61.82% [3] - Fosun International (00656.HK) plans to subscribe for additional registered capital of RMB 105 million in Shangmeng Technology, acquiring a 51.0879% stake post-increase [3] - Shanghai Pharmaceuticals (02607.HK) intends to publicly transfer its 30% stake in Bristol-Myers Squibb, with a minimum listing price of approximately RMB 1.023 billion [3] - China Coalbed Methane (08270.HK) completed the sale of 100% equity in Shanxi Qingshui Shuntai Energy Development [4] Investment Trends - The active repurchase of shares continues, with Kingsoft (03888.HK) repurchasing 1.0886 million shares for approximately HKD 29.99 million [9] - Xiaomi Group (01810.HK) repurchased 4.3 million shares for a total of HKD 146 million [10] - Kingdee International (00268.HK) repurchased 1 million shares for approximately HKD 11.1 million [11] Market Outlook - Guoyuan International's report suggests that the Hong Kong stock market may experience short-term volatility due to external factors, but maintains a positive long-term outlook [12] - CITIC Securities highlights the potential for new investment opportunities in emerging markets, despite risks from rising oil prices and long-term bond yields [12] - Galaxy Securities recommends focusing on technology, energy, precious metals, and consumer sectors for potential rebounds [13]

港股點評 2026年2月5日9:30 a.m 恒指升 12 點，滬指升 51 點，標普 500 跌 35 點 港股表現反覆。恒指低開 37 點，初段曾跌 241 點一度低見 26,593 點，午市曾升 169 點高見 27,004 點，全日升 12 點或 0.05%，收 26,847 點；國指跌 4 點或 0.05%， 報 9,048 點；恒生科指跌 100 點或 1.8%，收 5,366 點。大市全日成交總額降至 2,854.33 億元。 人民銀行 4 日在公開市場開展 750 億元人民幣七天期逆回購操作，操作利率持 平於 1.4%。有 3,775 億元逆回購到期，單日淨回籠 3,025 億元。為保持銀行體系 流動性充裕，人民銀行開展 8,000 億元買斷式逆回購操作，期限為三個月。A 股 三大指數先跌後個別發展，滬指反覆穩升，創板午後跌幅收窄。滬綜指全日收 升 34 點或 0.9%，報 4,102 點，成交 1.06 萬億元。深成指全日收升 29 點或 0.2%， 報 14,156 點，成交 1.42 萬億元。創板指數全日收跌 13 點或 0.4%，報 3,311 點， 成交 6,756 億元。 供應管理 ...

华润建材科技(01313)盈喜后涨超4%，截至发稿，涨4.47%，报1.87港元，成交额1464.1万港元。 消息面上，2月4日，华润建材科技发布公告，截至2025年12月31日止年度本公司拥有人应占盈利预期将 较截至2024年12月31日止年度人民币2.11亿上升大约115%至135%，主要原因为2025年内本集团成本降 低及减值亏损减少所致。 中金此前指出，水泥价格表现较为坚挺，根据数字水泥网，12月全国水泥含税均价354元/吨，环比+5 元，同时受益于煤炭价格下行，行业盈利有所回升，测算12月水泥企业吨毛利63元/吨，环比+11元。 2026年行业补产能工作持续推进，后续产能置换政策有望带动供给持续出清。 ...

智通财经APP获悉，华润建材科技(01313)盈喜后涨超4%，截至发稿，涨4.47%，报1.87港元，成交额 1464.1万港元。 消息面上，2月4日，华润建材科技发布公告，截至2025年12月31日止年度本公司拥有人应占盈利预期将 较截至2024年12月31日止年度人民币2.11亿上升大约115%至135%，主要原因为2025年内本集团成本降 低及减值亏损减少所致。 中金此前指出，水泥价格表现较为坚挺，根据数字水泥网，12月全国水泥含税均价354元/吨，环比+5 元，同时受益于煤炭价格下行，行业盈利有所回升，测算12月水泥企业吨毛利63元/吨，环比+11元。 2026年行业补产能工作持续推进，后续产能置换政策有望带动供给持续出清。 ...

华润建材科技(01313)发布公告，截至2025年12月31日止年度本公司拥有人应占盈利预期将较截至2024 年12月31日止年度人民币2.11亿上升大约115%至135%，主要原因为2025年内本集团成本降低及减值亏 损减少所致。 ...

智通财经APP讯，华润建材科技(01313)发布公告，截至2025年12月31日止年度本公司拥有人应占盈利预 期将较截至2024年12月31日止年度人民币2.11亿上升大约115%至135%，主要原因为2025年内本集团成 本降低及减值亏损减少所致。 ...

格隆汇2月4日丨华润建材科技(01313.HK)公告，截至2025年12月31日止年度公司拥有人应占盈利预期将 较截至2024年12月31日止年度人民币2.1亿上升大约115%至135%，主要原因为2025年内集团成本降低及 减值亏损减少所致。 ...

Core Viewpoint - China Resources Cement Technology (01313) announced the signing of a framework agreement with China Resources Vientiane Life for value-added service procurement, updating the annual cap for 2026 to RMB 50 million (excluding tax) [1] Group 1 - The 2026 framework agreement was established to replace the previous agreement that expired on December 31, 2025 [1] - The annual cap of RMB 50 million was determined based on several factors, including the types and quality of value-added services to be provided by China Resources Vientiane Life, the company's demand for these services due to business development, and historical transaction amounts [1]

Core Viewpoint - China Resources Cement Technology (01313) has announced a new framework agreement with China Resources Vientiane Life for value-added service procurement, updating the annual cap for 2026 to RMB 50 million (excluding tax) [1] Group 1 - The 2026 framework agreement was established to replace the previous agreement that expired on December 31, 2025 [1] - The annual cap of RMB 50 million was determined based on several factors, including the types, quality, and service standards of value-added services to be provided by China Resources Vientiane Life [1] - The agreement also considers the company's business development needs for value-added services and historical transaction amounts [1]

Core Viewpoint - China Resources Cement Technology (01313.HK) has announced the signing of a framework agreement with China Resources Vientiane Life for value-added service procurement, updating the annual cap for 2026 to RMB 50 million (excluding tax) [1] Group 1 - The 2026 framework agreement is established to replace the previous agreement that expired on December 31, 2025 [1] - The annual cap of RMB 50 million is determined based on several factors, including the types, quality, and service standards of value-added services to be provided by China Resources Vientiane Life [1] - The agreement also considers the group's business development needs for value-added services and historical transaction amounts [1]