Beishui Trends | Beishui Trading made a net purchase of 11.717 billion, Beishui Jiacang Auto Stock and Technology Network Stock raised Xiaomi (01810) over HK$2 billion throughout the day

The Zhitong Finance App learned that on April 2, the Hong Kong Stock Exchange had a net purchase of HK$11.717 billion, of which the Hong Kong Stock Connect (Shanghai) transaction made a net purchase of HK$7.781 billion and the Hong Kong Stock Connect (Shenzhen) transaction made a net purchase of HK$3,936 billion.

The individual stocks that Beishui Net bought the most were Xiaomi Group-W (01810), Alibaba-W (09988), and Tencent (00700).

Hong Kong Stock Connect (Shanghai) active trading stocks

Hong Kong Stock Connect (Shenzhen) active trading stocks

Xiaomi Group-W (01810) received a net purchase of HK$2,044 billion. According to the news, in response to the fact that the Xiaomi SU7 “exploded after colliding on the highway, causing casualties,” Xiaomi announced the details of the SU7 high-speed collision and explosion accident on Weibo. In addition, Xiaomi CEO Lei Jun wrote an article in response to the SU7 accident in Anhui. He said that no matter what happens, Xiaomi will not avoid it, will continue to cooperate with the police investigation, follow up the progress of the matter, and do its best to respond to family and social concerns. It is worth noting that Xiaomi previously raised about HK$42.5 billion in net allotments. Citi said that although the stock price is facing dilution pressure in the short term, the placement will optimize the financial structure of Xiaomi and support the company's long-term development in fields such as artificial intelligence research and development and the expansion of electric vehicle production capacity.

Alibaba-W (09988) received a net purchase of HK$1,519 billion. According to the news, according to sources, Alibaba plans to release an upgraded version of its flagship AI model, the Qwen3, in late April, which will be the company's most important model product in the first half of 2025. According to reports, Alibaba Cloud's basic model team has further shifted its strategic focus to the model's reasoning ability after the DeepSeek-R1 model was released. The release of Qwen3 heralds Alibaba's continued investment and innovation in the field of artificial intelligence.

Tencent (00700) received a net purchase of HK$1,034 million. According to the news, Huachuang Securities pointed out that Tencent is one of the assets with the greatest room for imagination in AI application-side transformation. It stems from the fact that it has mastered WeChat and mobile QQ, which are the core applications of instant messaging, one of the strongest scenarios in the mobile internet era. The chat scene+applet ecosystem is naturally suited to agent products. Looking ahead to 25 years, I am optimistic that on the basis of CAPEX investment and computational power supplementation, user demand for open source models and self-developed models will increase, which will drive the growth rate of cloud service revenue.

Zero Sports Auto (09863) received a net purchase of HK$421 million. According to the news, according to data released by Zero Sports Auto, in March of this year, Zero Sports delivered 37,095 vehicles in a single month, an increase of more than 154% over the previous year. Lyon said that due to rapid growth and scale effects, Zero Run reached a balance of payments in the fourth quarter of last year. The first quarter of this year maintained a strong sales trend. Its new model, the B10, will be launched on the 10th of this month, and a large number of orders have already been placed. In addition to the B10, two B-series models will also be launched this year. Due to the facelift and upgrading of new models and existing models, Zero Run is expected to be one of the companies that can gain a share in the mainland market this year.

Xiaopeng Motor-W (09868) received a net purchase of HK$278 million. According to the news, Xiaopeng Motor announced the latest delivery results. In March, Xiaopeng Motor delivered a total of 33,205 smart electric vehicles, an increase of 268% over the previous year. Xiaopeng Motors has delivered more than 30,000 vehicles for the fifth month in a row. In the first quarter of 2025, Xiaopeng Motor delivered a total of 94,008 new vehicles, up 331% year on year and 2.7% month on month, reaching another record high and exceeding the delivery guideline limit for the first quarter.

Cinda Biotech (01801) received a net purchase of HK$93.18 million. According to the news, J.P. Morgan Chase released a research report saying that Cinda Biotech's 2024 performance was outstanding. License fee revenue exceeded market expectations, up 146% year on year. Through improved efficiency and cost control measures, it successfully increased gross margin and reduced operating expenses ratio, and achieved adjusted net profit and positive EBITDA under non-international financial reporting standards for the first time, which is a milestone in the company's development. As a result, Xiaomo also raised its product sales forecast, hoping that the company can record net profit according to international financial reporting standards in 2025, that is, reverse losses, which will further boost market confidence.

Yuejiang (02432) received a net purchase of HK$82.78 million. According to the news, Cathay Pacific Junan International pointed out that the overall performance of Vietnam was in line with expectations, revenue growth was in line with expectations, and net losses were reduced due to operating leverage. The main focus of the company's business plan is whether it can transform humanoid robots, which have many transferable technologies between collaborative robots and humanoid robots, including their software and mechanical components (controllers, harmonic speed reducers). The company's valuation is still supported by its ability to continue innovating and delivering new robotic products in the future.

Old Shop Gold (06181) received a net purchase of HK$31.15 million. According to the news, Nomura pointed out that the financial report of the old store Gold last year was in line with expectations. The adjusted net profit reached 1.5 billion yuan, an increase of 2.53 times over the previous year. For Yingxi's forecast upper limit, it mainly benefited from the strong 1.21 times year-on-year increase in same-store sales and improved operating leverage. Although management did not give specific guidance this year, the company is confident of achieving steady growth and aiming to become the world's top luxury brand.

In addition, SMIC (00981), Southern Hang Seng Technology (03033), and Kuaishou-W (01024) received net purchases of HK$406 million, $153 million, and HK$51.93 million respectively.