Financial report showcase, Chinese concept stocks surge｜Today's important news review

0221 Dolphin Research Key Focus:

🐬 Macro/Industry

1. Last night, Alibaba, NetEase, Bilibili, Luckin Coffee, and other companies released impressive financial reports, driving the overall rise of Hong Kong stocks today. Dolphin Research has promptly released interpretations and conference call minutes, detailed content can be found at:

Alibaba:《 AI to the Rescue, Is Alibaba Resurrected?》、《 Alibaba (Minutes): The Leader in China's AI Narrative》

Bilibili:《 Bilibili: Moment of Revaluation for Chinese Concepts, Not Falling Behind is Winning?》

Luckin:《 Survived 9.9! Luckin Turns Around, Kudi Survives》

(Interpretations of financial reports from companies like NetEase will be released over the weekend)

2. On February 19, the State-owned Assets Supervision and Administration Commission of the State Council held a special action meeting on "AI+" for central enterprises to summarize the progress and effectiveness of state-owned enterprises in developing artificial intelligence and to deploy the next key tasks.

🐬 Individual Stocks

1. $SMIC(00981.HK)

Semiconductor Manufacturing International Corporation (SMIC) announced last night that the Huaxia Shanghai Stock Exchange Science and Technology Innovation Board 50 Index Fund has again reduced its holdings in SMIC to the point of triggering a disclosure, totaling a reduction of 2.81 million shares. Benefiting from national subsidies and the AI boom, SMIC's stock price has more than doubled since the end of last year, and it still closed up nearly 8% today.

2. $AppLovin(APP.US)

AppLovin fell nearly 9% last night, marking its worst single-day performance since December of last year. The trigger was a short-selling article published on Substack. The author, Edwin Dorsey, pointed out in his column The Bear Cave that behind AppLovin's rapid growth lies the risk of "low-quality revenue." This revenue mainly comes from certain advertisements that do not provide the expected content to clickers and may even lead to a poor user experienceApplovin's stock price has surged 700% over the past year. Under high valuations, bearish comments are more likely to trigger market panic, prompting investors to accelerate profit-taking.

🐬 Leading Sectors

Shanghai and Shenzhen: Cloud and data centers, telecommunications services, motorcycle manufacturers;

Hong Kong Stocks: Hardware and equipment distributors, cloud and data centers, retailers;

U.S. Stocks: Silver, real estate operating companies, aluminum.

🐬 Focus for Next Monday

1. None.

The risk disclosure and statement of this article: Dolphin Research Disclaimer and General Disclosure