Daily Report on Hong Kong-Listed LLM Concept Stocks (June 1, 2026)
I. Industry Observations
On June 1, 2026, Hong Kong stocks kicked off the month with a strong start. The Hang Seng Index (HSI) closed up 0.86% at 25,398.18 points, the Hang Seng TECH Index rose 1.65% to 4,964.92 points, and the Hang Seng China Enterprises Index (HSCEI) gained 0.97% to 8,507.87 points. Total daily turnover stood at HKD 330.937 billion, with Southbound trading recording a net inflow of HKD 4.657 billion.
The AI supply chain delivered divergent performances. The software and application segment exploded, with Kingdee International surging 19.4% as the market redefined AI-empowered software industries; Meitu skyrocketed 26.2%, driven by a 45% year-on-year surge in April revenue from its AI applications and a projected growth of over 40% in total overseas revenue; Kingsoft jumped over 10%. The hardware segment continued its hot streak, with Lenovo Group rising over 5% to hit a new all-time high.
Among LLM concept stocks, MEITUAN-W (03690.HK) jumped 6.54%, SENSETIME-W (00020.HK) surged 6.02%, and KUAISHOU-W (01024.HK) and TENCENT (00700.HK) both gained over 2%. Conversely, MINIMAX-W (00100.HK) plunged 15.71%, and XUNCE (03317.HK) dropped 13.17%.
II. Market Performance of LLM Concept Stocks
|
Stock Code |
Stock Name |
Latest Price (HKD) |
Change (%) |
|
03690.HK |
MEITUAN-W |
78.25 |
6.54% |
|
00020.HK |
SENSETIME-W |
1.76 |
6.02% |
|
01024.HK |
KUAISHOU-W |
46.54 |
2.20% |
|
00700.HK |
TENCENT |
436 |
2.06% |
|
09988.HK |
BABA-W |
122.8 |
1.57% |
|
09888.HK |
BIDU-SW |
129.1 |
-0.69% |
|
02718.HK |
MININGLAMP-W |
312.6 |
-2.74% |
|
02513.HK |
ZHIPU AI |
1,466.00 |
-8.09% |
|
03317.HK |
XUNCE |
197.1 |
-13.17% |
|
00100.HK |
MINIMAX-W |
708 |
-15.71% |
Data Source: HKEX. For reference only, not investment advice. Data as of market close onJune 1, 2026.
III. Industry and Corporate Dynamics
1.OpenAI Reportedly Secretly Developing AI Phone to Rival iPhone; Ming-Chi Kuo Predicts Mass Production as Early as 2027:
On May 30, 2026, a supply chain report by renowned analyst Ming-Chi Kuo revealed that OpenAI is secretly developing a smartphone directly targeting the iPhone. Its core positioning is not a traditional "smartphone + AI," but rather "building a phone from an AI-first perspective"—constructing a continuous, context-aware Agent interaction interface. The device will reportedly be powered by a custom MediaTek Dimensity 9600 chip, featuring a dual-NPU heterogeneous architecture and an enhanced HDR image processing pipeline. Mass production could begin as early as the first half of 2027, with cumulative shipments projected to reach 30 million units between 2027 and 2028. Following OpenAI's previous USD 6.5 billion acquisition of "io"—the hardware company founded by former Apple chief designer Jony Ive—this hardware ambition, extending from software to end-user devices, is viewed as a pivotal move to craft a new narrative ahead of its IPO.
2.MEITUAN-W: Q1 Revenue Up 5.6% YoY:
On June 1, Meituan released an announcement detailing its financial results for Q1 2026. The company reported revenue of RMB 91.039 billion, up 5.6% year-on-year. The loss for the period was RMB 6.827 billion, compared to a profit of RMB 10.057 billion in the same period last year. Adjusted net loss stood at RMB 4.968 billion, compared to an adjusted net profit of RMB 10.949 billion in the same period last year. In terms of revenue breakdown for Q1, delivery services revenue totaled RMB 25.006 billion; merchant services revenue totaled RMB 38.059 billion; and goods sales revenue totaled RMB 20.972 billion.
3.SENSETIME-W: Seko Industrial Base Launched in Shanghai to Explore Localized Support for Full-Lifecycle AI Micro-Dramas:
According to SenseTime's official WeChat account, the SenseTime Seko Industrial Base was recently launched in Shanghai's West Bund (Xuhui District), aligning with the concurrent release of AI micro-drama policies by the Shanghai Municipal and Xuhui District governments. Leveraging SenseTime’s technological ecosystem and localization capabilities, the base focuses on creation, training, incubation, and collaboration. It aims to build an AI micro-drama innovation community that integrates talent, content, and commercialization. Currently, it has attracted over 20 OPC (Original Professional Content) teams to set up operations.
IV. Introduction to LLM Concept Stocks
|
Stock Name |
Stock Code |
Market Position |
LLM Products & Business Profile |
|
MEITUAN-W |
03690.HK |
An AI technology pioneer in the local lifestyle services sector |
Its AI-native community "Miyou" has validated its practical value in physical operational scenarios, helping catering brands improve operational efficiency. The company continues to optimize search, recommendation, and dispatch algorithms within the local lifestyle ecosystem using its self-developed LLM capabilities. By introducing AI agent technologies into intelligent customer service, merchant marketing assistants, and on-demand delivery route planning, it remains committed to enhancing bilateral operational efficiency and refined management levels. |
|
SENSETIME-W |
00020.HK |
A leading domestic provider of computer vision and generative AI infrastructure. |
Accelerating its transition towards Model-as-a-Service (MaaS) and generative AI services. The company has released and open-sourced the SenseNova U1 series, a native unified understanding and generation model, and the lightweight multimodal model SenseNova 6.7 Flash-Lite. Leveraging the computing reserves of its AI infrastructure (AIDC), it translates foundational computing power into omni-modal generation pipelines tailored for vertical industries such as automotive and healthcare. |
|
KUAISHOU-W |
01024.HK |
A leading multimodal content generation platform in China |
A leading multimodal content generation platform in China, the company plans to restructure Kling AI and introduce external financing. Kling AI's quarterly revenue has reached 6.5 millions of RMB, with an Annualized Run Rate (ARR) exceeding USD 500 million. Its general LLM "KwaiYii" and video generation model "Kling" are undergoing continuous iteration, demonstrating high commercial conversion efficiency in scenarios such as e-commerce live streaming and automated marketing content generation. |
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