Zhitong Hong Kong Stock Early Knowledge | International gold prices break through USD 4,200, Sihua Intelligent Control denies rumors of "large orders for robots"

[Today's Headlines]

National Development and Reform Commission and other departments: By the end of 2027, 28 million charging facilities will be built nationwide

The National Development and Reform Commission and other departments issued a notice on the "Three-Year Doubling Action Plan for Electric Vehicle Charging Facility Service Capacity." It proposed to continuously improve the charging network, enhance charging efficiency, optimize service quality, and innovate the industrial ecosystem to further boost consumer confidence and promote the wider purchase and use of electric vehicles. By the end of 2027, 28 million charging facilities will be built nationwide, providing over 300 million kilowatts of public charging capacity to meet the charging needs of more than 80 million electric vehicles, achieving a doubling of charging service capacity.

Charging pile concepts involve Hong Kong stocks: Zhidatech (02650), Nio-SW (09866), Li Auto-W (02015), BYD Company (01211), CATL (03750), etc.

[Market Outlook]

International gold prices break through the $4,200 mark, setting a new historical high

Overnight, the U.S. stock market closed with the Dow Jones Industrial Average down 17.15 points from the previous trading day, closing at 46,253.31 points, a decrease of 0.04%; the S&P 500 index rose 26.75 points, closing at 6,671.06 points, an increase of 0.4%; the NASDAQ Composite Index rose 148.38 points, closing at 22,670.08 points, an increase of 0.66%. Most popular tech stocks rose, with AMD up over 9%, Intel up over 4%, precious metals, semiconductors, and storage concept stocks surged, with gold resources up over 10%, and Americas Silver Corporation up over 8%.

Most popular Chinese concept stocks rose, with the NASDAQ Golden Dragon China Index closing up 1.7%, New Oriental up over 10%, and Century Internet up over 4%. The Hang Seng Index ADR fell, closing at 25,814.21 points, down 96.39 points or 0.37% compared to the Hong Kong close.

International gold prices broke through the $4,200 mark, setting a new historical high. COMEX gold futures for the current month rose by $38.20, an increase of 0.92%, closing at $4,201.6 per ounce.

[Hot Topics Ahead]

Federal Reserve Beige Book: Little overall change in the U.S. economy, stable employment but inflation pressures remain

According to the Zhitong Finance APP, on Wednesday, the Federal Reserve released its latest Beige Book, indicating that U.S. economic activity has seen little change in recent weeks, with employment levels generally stable, but inflation and cost pressures from tariffs still exist. The report noted a slight decline in overall consumer spending, while rising input costs were commonly observed in multiple regions.

Hong Kong Monetary Authority announces the list of participants for the second phase of the GenA.I. sandbox to further promote responsible AI applications

According to a statement, the Hong Kong Monetary Authority announced the list of participants for the second phase of the generative artificial intelligence sandbox on Wednesday, focusing on actively strengthening AI governance. Themes include multi-agent AI credit portfolio management, smart trade financing, and AI-generated investment insights. In response to the increasing risks of deepfake fraud, the sandbox also provides a testing ground for developing innovative defense mechanisms. Participating banks include HSBC, Standard Chartered Bank, Bank of China, and Ant Bank China's E-commerce Logistics Index for September Continues to Set New Highs This Year

The China Logistics and Purchasing Federation announced the E-commerce Logistics Index for September today. The index continues to rise month-on-month, setting new highs for the year. In September, the E-commerce Logistics Index reached 112.7 points, an increase of 0.4 points from the previous month, marking a new high for the year. The total business volume index for e-commerce logistics in September was 132.5 points, up 1.1 points from the previous month. By region, all areas except the eastern region saw a rebound, with the central region experiencing the largest increase, rising 3.5 points from the previous month.

Apple's Chief Operating Officer Visits Lens Technology

According to Lens Technology, Apple's Chief Operating Officer Sabih Khan visited Lens Precision in Taizhou, Jiangsu on October 14, accompanied by Lens Technology's Chairwoman Zhou Qunfei. They toured the workshop to inspect Lens Technology's practices in smart manufacturing, green production, and talent cultivation. Currently, Lens's supply chain business for Apple involves multiple product lines, including iPhone, Apple Watch, Mac, and Apple Vision Pro. This involves the Hong Kong-listed Lens Technology (06613).

Industry First: Baidu (09888) Steam Engine Achieves Real-Time Interaction for AI Long Videos

Baidu announced an upgrade to its video generation model, Baidu Steam Engine. This model breaks the traditional 10-second duration limit for AI video generation, achieving real-time interactive generation of long AI videos for the first time in the industry, surpassing the speed of mainstream domestic video generation models. Users only need to upload a single image and a prompt to initiate the video generation process and can preview the model's inference in real-time. During the generation process, users can pause or modify the prompt at any point, allowing real-time control over the video plot, visuals, and transitions.

According to the latest information disclosed by the Hong Kong Stock Exchange, Ping An Life increased its holdings of China Merchants Bank H-shares by 2.989 million shares on October 10. After the increase, Ping An Life's holdings of China Merchants Bank H-shares exceeded 780 million shares, accounting for over 17% of the total H-shares of the bank. Previously, on January 10, Ping An Life had acquired a stake in China Merchants Bank H-shares, with its holdings surpassing 5% of the total H-shares.

KPMG: AI Has Penetrated All Aspects of Drug Development

KPMG officially released the "Third Report on the Top 50 Biotech Innovation Enterprises," showing that AI has penetrated all aspects of drug development. From drug target discovery and synthetic pathway optimization to clinical trial design, AI technology plays an important role. Especially in the field of precision medicine, the application of AI has surpassed the role of an auxiliary tool. Through the optimization of deep neural network models, AI can improve the accuracy of gene editing from 85% with traditional methods to over 98%, clearing key obstacles for the clinical translation of gene therapy. AI in pharmaceuticals involves Hong Kong-listed companies such as Jingtao Holdings (02228), Weiya Biotechnology (01873), and Zhaoyan New Drug (06127).

Institutions: Wafer Foundry Capacity Utilization in the Second Half of the Year Exceeds Expectations According to the latest survey by TrendForce, in the second half of 2025, due to low inventory levels at IC manufacturers, the peak sales season for smartphones, and sustained strong demand for AI, the capacity utilization rate of wafer foundries has not been revised down as originally expected. The performance of some wafer fabs in the fourth quarter is expected to exceed that of the third quarter, prompting some companies to consider raising prices for the relatively scarce process platforms such as BCD and Power.

Sanhua Intelligent Control (02050): Rumors about receiving large robot orders are not true

Sanhua Intelligent Control announced that it has recently noticed a large number of rumors on online media regarding the company receiving large robot orders. After verification, the company clarifies as follows regarding the aforementioned rumors: the rumors about Sanhua Intelligent Control receiving large robot orders are not true; the company does not have any significant matters that should be disclosed but have not been disclosed; on October 15, 2025, the company also did not accept any media interviews.

China City Construction Design (01599) wins important project bids totaling approximately RMB 3.175 billion in the third quarter

According to Zhitong Finance APP, China City Construction Design (01599) announced that for the three months ending September 30, 2025, the company won important project bids totaling approximately RMB 3.175 billion (unaudited), of which the surveying, design, and consulting sector accounted for approximately RMB 250 million (unaudited); the general contracting sector accounted for approximately RMB 2.925 billion (unaudited).

UBTECH (09880): Walker series humanoid robots have received contracts worth nearly RMB 500 million

On October 15, UBTECH announced that it has officially signed a humanoid robot procurement contract with a well-known A-share listed automotive technology company. The company will purchase humanoid robot products and solutions primarily featuring the latest Walker S2, with a total amount exceeding RMB 32 million, covering factory manufacturing applications and supporting embedded data collection factory product services. This order is planned to be delivered within 2025. So far, the UBTECH Walker series humanoid robots have received contracts worth nearly RMB 500 million.

China National Pharmaceutical Group (01177): TQ-B3234 "Selective MEK1/2 Inhibitor" included in the breakthrough therapy designation program

According to Zhitong Finance APP, China National Pharmaceutical Group (01177) announced that its leading developed national class 1 new drug TQ-B3234 capsule "Selective MEK1/2 Inhibitor" has been included in the breakthrough therapy designation (BTD) program by the Center for Drug Evaluation (CDE) of the National Medical Products Administration of China, for the treatment of symptomatic, inoperable neurofibromatosis type I (NF1) related adult plexiform neurofibromas.

Zhonghui Biotechnology-B (02627) applies for full circulation of H shares

According to Zhitong Finance APP, Zhonghui Biotechnology-B (02627) announced that on October 15, 2025, the company has submitted an application to the China Securities Regulatory Commission for the conversion of 81.662 million unlisted shares into H shares and for the listing of these shares on the Hong Kong Stock Exchange Hong Kong Stock New Share Cloud Walk Dark Market Closed Up Over 47% Each Hand Earns HKD 2,275

Cloud Walk (02670) will be listed in Hong Kong on October 16. As of the close, dark market trading showed a price of HKD 141.1, up 47.59% from the offering price of HKD 95.6. Each hand consists of 50 shares, earning HKD 2,275 per hand, excluding handling fees.

【Stock Highlights】

China National Building Material (03323): Cement Industry Capacity Contraction Expected to Accelerate

On October 14, it released a positive profit forecast, expecting a net profit of RMB 2.95 billion in the first three quarters, turning from loss to profit year-on-year. This is mainly due to the decrease in sales costs of products such as cement and ready-mixed concrete, as well as the increase in profits from joint ventures.

The Ministry of Ecology and Environment is soliciting opinions on the carbon emission trading quota plan for the cement industry, clearly focusing on key emission enterprises to promote quota allocation, which will drive production restrictions on the supply side, accelerate the elimination of backward capacity, and enhance the market share of leading enterprises.

Galaxy Securities pointed out that with the arrival of winter staggered production, cement companies are actively raising prices, coupled with expectations of rising coal prices, which will further support cement prices. The firm believes that under the "anti-involution" policy, the supply-demand contradiction in the cement industry is expected to ease, and the profitability of regional leading enterprises will recover.

Shenwan Hongyuan also stated that although the third quarter is a traditional off-season for the cement industry, cement prices are expected to show a "high first, low later" trend in 2025. However, the fourth quarter will be a peak period for supplementing production capacity indicators, and the industry's capacity contraction is expected to accelerate. This trend will further enhance industry concentration, benefiting leading enterprises