Northbound funds | Northbound trading recorded a net purchase of 0.85 billion in Semiconductor Manufacturing International Corporation (00981). After-hours release of performance, Northbound funds rushed to increase their holdings by over 3 billion Hong Kong dollars.

On February 10, in the Hong Kong stock market, the net buying of Beishui was 85 million Hong Kong dollars. Hong Kong Stock Connect (Shanghai) had a net buying of 1.103 billion Hong Kong dollars, while Hong Kong Stock Connect (Shenzhen) had a net selling of 119 million Hong Kong dollars. The stocks with the highest net buying by Beishui were Meituan-W (03690), CNOOC Limited (00883), and Semiconductor Manufacturing International Corporation (00981). The stock with the highest net selling by Beishui was Tencent (00700). Active trading stocks through Hong Kong Stock Connect (Shanghai) included Meituan-W (03690) with a net buying of 545 million Hong Kong dollars. On February 5, Meituan announced the acquisition of Dingdong Maicai's China business for approximately 717 million US dollars, which signifies a major adjustment in the domestic instant fresh retail sector. The acquisition will integrate the resources of Meituan's Xiaoxiang Supermarket and Dingdong Maicai, further consolidating its comprehensive advantage in the instant retail sector. China National Offshore Oil Corporation (00883) had a net buying of 420 million Hong Kong dollars. Guolian Minsheng Securities released a research report stating that the latest EIA data showed a 3.5% week-on-week decrease in US crude oil production due to the cold wave, which supported oil prices. In the future, geopolitical factors will continue to be the main driver of short-term oil price fluctuations, with a focus on the developments in the US-Iran and Middle East situations. Semiconductor Manufacturing International Corporation (00981) had a net buying of 376 million Hong Kong dollars. After market, Semiconductor Manufacturing International Corporation announced that its sales revenue in the fourth quarter of 2025 was 24.89 billion US dollars, with a 4.5% sequential growth, a gross margin of 19.2%, and a capacity utilization rate of 95.7%. The full-year sales revenue was 93.27 billion US dollars, a 16.2% year-on-year growth, with a gross margin of 21.0%, a 3.0 percentage point increase year-on-year. The company expects sales revenue to remain flat in the first quarter of 2026, with a gross margin between 18%-20%. YOFC (06869) had a net buying of 287 million Hong Kong dollars. China Mobile Limited completed the evaluation of the specialized optical cable product centralized procurement project from 2026 to 2027. From the quoted prices of the bid-winning candidates, except for the top bidder Tongding Interconnection Information, the other 7 companies bid at the maximum limit price. Huayuan Securities pointed out that fiber optic prices have moderately risen for about half a year, with the price of G.652.D bare optical fiber rising from less than 20 yuan/core-kilometer and accelerating in 2026. CHINA LIT (00772) had a net buying of 163 million Hong Kong dollars. The CEO and President of CHINA LIT, Hou Xiaonan, released an internal letter during the Spring Festival. Hou Xiaonan stated that as AI develops rapidly, the value of original content increases, and the value of good stories will be greatly amplified. Yuenwen will fully embrace AI in content incubation, high-quality content production, IP development, and global industrialization, focusing on new scenes such as AI comic opera to enhance the development efficiency and value space of IPs. VOBILE GROUP (03738) had a net buying of 88.2 million Hong Kong dollars. ByteDance recently launched the new generation AI video generation model Seedance 2.0, which has gained widespread attention both domestically and internationally. CITIC SEC previously released a research report stating that in the backdrop of the global AI video application boom, copyright issues will further enhance investment in content copyright protection. The bank pointed out that VOBILE GROUP's deep cultivation in overseas markets and leading technology, API channels, and top customer resources are poised to benefit first. Additionally, XIAOMI-W (01810) and BABA-W (09988) had net buying of 203 million and 160 million Hong Kong dollars, respectively. Tencent (00700) suffered a net selling of 1.402 billion Hong Kong dollars.