HK Stock Connect Daily Report: EVEREST MED Surges Over 18%, KINGBOARD Group Leads PCB, LEAPMOTOR Profit Soars 530% - 20260825

On August 25, the Hong Kong market opened slightly higher and fluctuated repeatedly, with the Hang Seng Index edging down 0.02% to 25,511.1 points, the Hang Seng TECH Index down 0.12%, and turnover at HKD 254.079 billion. The CRO concept exploded, with EVEREST MED up 18.46% and ASYMCHEM up 16.02%; the KINGBOARD group led the PCB concept, with KB LAMINATES up 13.79%. Mainland property stocks rose broadly, gold stocks led the declines, MEITUAN-W down 6.65%, and XPENG-W slumped 9.19% after results. Southbound capital recorded a net sell of HKD 6.605 billion. Joseph Tsai and Eddie Wu increased their Alibaba holdings by ~HKD 120 million; LEAPMOTOR interim profit surged 530.97%; SHEIN IPO was fully subscribed, and Youdi Robotics passed the HKEX listing hearing.

I. Market Overview

On August 25, the Hong Kong market opened slightly higher and fluctuated repeatedly, with the Hang Seng Index edging down 0.02% to 25,511.1 points, the Hang Seng TECH Index down 0.12%, and the Hang Seng China Enterprises Index down 0.31%. Full-day turnover was HKD 254.079 billion, lower than the previous trading day.

On the market, CRO and innovative-drug concepts surged, with EVEREST MED (01952.HK) up 18.46%, ASYMCHEM (06821.HK) up 16.02% and WUXI XDC (02268.HK) up 14.83%. The KINGBOARD group led the PCB concept, with KB LAMINATES (01888.HK) up 13.79% and KINGBOARD HLDG (00148.HK) up 11.78%. Mainland property stocks rose broadly, with COUNTRY GARDEN (02007.HK) up 6.49%. Gold stocks led the declines, with LINGBAO GOLD (03330.HK) down 6.47% and CHIFENG GOLD (06693.HK) down 4%. XPENG-W (09868.HK) slumped 9.19% after results.

Southbound capital recorded a net sell of HKD 6.605 billion on the day. Within that, Stock Connect (Shanghai) saw a net sell of HKD 4.482 billion and Stock Connect (Shenzhen) a net sell of HKD 2.124 billion.

II. HK Stock Connect Stock Rankings

2.1 HK Stock Connect Stock Gainers and Decliners

Category

Stock Code

Stock Name

Change (%)

Close (HKD)

Turnover (HKD 100mn)

Gainer 1

01952.HK

EVEREST MED

18.46

36.84

11.76

Gainer 2

06821.HK

ASYMCHEM

16.02

128.90

4.69

Gainer 3

06869.HK

YOFC

15.41

162.50

76.75

Gainer 4

02268.HK

WUXI XDC

14.83

80.15

18.19

Gainer 5

03696.HK

INSILICO

14.60

46.30

10.01

Loser 5

03939.HK

WANGUO GOLD GP

-6.54

14.30

7.90

Loser 4

03690.HK

MEITUAN-W

-6.65

77.20

71.32

Loser 3

00780.HK

TONGCHENGTRAVEL

-6.72

12.22

5.16

Loser 2

09868.HK

XPENG-W

-9.19

43.30

16.70

Loser 1

02687.HK

ABLE DIGITAL

-14.38

271.60

1.18

Source: Wind, HKEX. The content of this article is for the objective presentation of data only and does not constitute any investment advice, nor does it represent a recommendation for or value judgment on any security. The market involves risks; investment requires caution.

2.2 HK Stock Connect Active Stocks (ranked by southbound turnover)

Rank

Stock Code

Stock Name

Southbound Turnover (HKD 100mn)

Southbound Net Buy (HKD 100mn)

Change (%)

1

06869.HK

YOFC

71.36

-5.26

15.41

2

01888.HK

KB LAMINATES

38.53

-11.95

13.79

3

09988.HK

ALIBABA-W

34.35

-1.83

1.51

4

02513.HK

Z.AI

31.00

1.24

5.16

5

00981.HK

SMIC

30.84

-3.15

1.65

6

00100.HK

MINIMAX-W

29.09

3.77

-4.04

7

03690.HK

MEITUAN-W

27.73

8.67

-6.65

8

00700.HK

TENCENT

24.64

0.04

0.45

9

03986.HK

GIGADEVICE

12.80

-1.68

4.93

10

03033.HK

CSOP Hang Seng TECH Index ETF

11.98

-7.42

0.04

Source: Wind, HKEX. The content of this article is for the objective presentation of data only and does not constitute any investment advice, nor does it represent a recommendation for or value judgment on any security. The market involves risks; investment requires caution.

III. HK Stock Connect-related A-share ETF Rankings

3.1 HK Stock Connect-related A-share ETF Gainers and Decliners

Category

Code

Short Name

Change (%)

Turnover (RMB 100mn)

Gainer 1

159137

Hwabao WP CSI HK Equities Health Care Theme ETF

4.66

2.47

Gainer 2

520510

ChinaAMC CSI HK Equities Health Care Theme ETF

4.65

5.76

Gainer 3

159366

Maxwealth CSI HK Equities Health Care Theme ETF

4.20

4.05

Gainer 4

513620

Yinhua CSI HK Equities Health Care Theme ETF

3.83

0.50

Gainer 5

158003

Harvest CSI HK Equities Health Care Theme ETF

3.59

0.13

Loser 5

520780

Hwabao WP CSI HK Equities Vehicles Industry Theme ETF

-0.83

0.47

Loser 4

159323

ChinaAMC CSI HK Equities Vehicles Industry Theme ETF

-0.84

1.98

Loser 3

159239

Fullgoal Hang Seng HK Automobile Theme ETF

-1.00

0.09

Loser 2

159028

Tianhong Hang Seng HK Equities Automobile Theme ETF

-1.02

0.02

Loser 1

159186

Penghua Hang Seng HK Automobile Theme ETF

-1.18

0.03

Source: Wind. The content of this article is for the objective presentation of data only and does not constitute any investment advice, nor does it represent a recommendation for or value judgment on any security. The market involves risks; investment requires caution.

3.2 HK Stock Connect-related A-share ETF Active Rankings (ranked by turnover)

Rank

Code

Short Name

Tracking Index

Turnover (RMB 100mn)

Turnover Rate (%)

Change (%)

1

159570

China Universal CNI HK Equities Innovative Drugs ETF

CNI HK Equities Innovative Drugs Index

20.69

8.56

0.96

2

159131

Hwabao CSI HK Equities Information Technology Integration ETF

CSI HK Equities Information Technology Integration Index (HKD)

13.04

59.23

1.92

3

159792

Fullgoal CSI HK Equities Internet ETF

CSI HK Equities Internet Index

10.80

2.83

0.17

4

159567

Yinhua CNI HK Equities Innovative Drugs ETF

CNI HK Equities Innovative Drugs Index

10.60

14.14

1.14

5

513780

Invesco Great Wall CSI HK Equities Innovative Drugs ETF

CNI HK Equities Innovative Drugs Index

9.20

29.95

3.24

6

159316

E Fund Hang Seng HK Innovative Drugs ETF

Hang Seng HK Innovative Drugs Index

7.96

12.44

1.30

7

520700

Wanjia CSI HK Equities Innovative Drugs ETF

CNI HK Equities Innovative Drugs Index

7.41

104.75

3.11

8

159506

Fullgoal Hang Seng HK Equities Innovative Drugs And Health Care ETF

Hang Seng HK Equities Innovative Drugs And Health Care Index

6.90

20.99

1.79

9

159217

ICBCCS CNI HK Equities Innovative Drugs ETF

CNI HK Equities Innovative Drugs Index

6.53

9.21

1.96

10

520510

ChinaAMC CSI HK Equities Health Care Theme ETF

CSI HK Equities Health Care Theme Index

5.76

239.59

4.65

Source: Wind. The content of this article is for the objective presentation of data only and does not constitute any investment advice, nor does it represent a recommendation for or value judgment on any security. The market involves risks; investment requires caution.

IV. Industry and Corporate Updates

1. Joseph Tsai and Eddie Wu collectively increase Alibaba stake by ~HKD 120 million

On August 24, HKEX disclosure showed that after ALIBABA-W announced its HKD 80 billion new share placing plan, group chairman Joseph Tsai and CEO Eddie Wu moved to increase their Alibaba holdings by a combined ~HKD 120 million. Tsai bought 720,000 shares at an average price of ~HKD 112, costing ~HKD 80 million; CEO Eddie Wu bought 350,000 shares at an average price of ~HKD 111.6, costing ~HKD 40 million. ALIBABA-W is a Stock Connect constituent.

2. LEAPMOTOR interim profit attributable to shareholders RMB 208 million, up 530.97% year-on-year

On August 24, LEAPMOTOR (09863.HK) announced its 2026 interim results, with first-half total operating revenue of RMB 38.107 billion, up 57.2% year-on-year; profit attributable to shareholders of RMB 208 million, up 530.97% year-on-year. LEAPMOTOR is a Stock Connect constituent.

3. SHEIN-W IPO fully subscribed on first day, plans to list on September 1

From August 24, SHEIN-W (00625.HK), which began bookbuilding, was fully subscribed on the first day, mainly from several existing shareholders, funds focused on the China market and multi-strategy funds. The offer price is between HKD 47.6 and 49.5 per share, with the subscription period closing on August 27, and is expected to list on September 1. The IPO introduced seven cornerstone investors, including Tencent's Huang River, among others, subscribing for a combined ~USD 383 million.

4. Youdi Robotics passes HKEX listing hearing

On August 24, the HKEX website showed that Youdi Robotics (Wuxi) Co., Ltd. officially passed the HKEX Main Board listing hearing, with Yinfeng Global Investment as sole sponsor. The company focuses on the intelligent robotics field, with products covering full-scenario commercial service robots for delivery, cleaning and reception.

5. 5100 XIZANG issues positive profit alert, interim net profit expected to grow over 90%

On August 25, 5100 XIZANG (01115.HK) released a positive profit alert, expecting to record net profit of not less than RMB 70 million for the six months ended June 30, 2026, up over 90% year-on-year. This is mainly attributable to the stable development of its beer business and the premium positioning of its water business. 5100 XIZANG is a Stock Connect constituent.

V. Market Notes

Eligible securities list adjustment announcement

No new announcements.

Trading calendar

No approaching market closure days.

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