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Real-time News
The Ministry of Industry and Information Technology has released the "Catalogue of New Energy Vehicle Models Eligible for Vehicle Purchase Tax Reduction and Exemption" (Batch 27), which includes several models such as the Xiaomi SU7 and BYD Formula Leopard Titanium 3.On February 9th, VMS announced that in 2025, the company achieved total operating revenue of RMB 6.342 billion, a slight decrease of 0.48% year-on-year; net profit attributable to owners of the parent company was RMB 557 million, an increase of 39.22% year-on-year; and net profit excluding non-recurring items was RMB 521 million, an increase of 46.71% year-on-year. This was mainly due to the growth in domestic sales of new energy vehicles, resulting in both increased sales volume and price of the companys on-board power supply products, as well as optimized product shipment structure. As of the end of 2025, the companys total assets were RMB 8.226 billion, an increase of 6.96% year-on-year; and equity attributable to owners of the parent company was RMB 3.626 billion, an increase of 10.89% year-on-year. The data in this announcement are preliminary and unaudited; the final figures will be subject to the annual report.On February 9th, Hygon Information stated on its interactive platform that as a specialized computing chip for a specific field, the company has always closely monitored the technological development trends and market demand changes of TPU chips. To date, the companys business layout is still focused on core strategic products and has not yet involved TPU chips.February 9th - Hong Kong stocks opened higher and continued to rise throughout the day. The Hang Seng Index opened 422 points higher at 26,982, but the gains narrowed to 319 points at one point, reaching a low of 26,879. It then rallied again during the session, rising 514 points to a high of 27,074, once again breaking through the 27,000 mark. In the early afternoon, the Hang Seng Index fluctuated around the 27,000 level before slightly rising above its earlier high, reaching a high of 27,111, a gain of 551 points. It then gradually retreated, capped by the 10-day moving average. At the close, the Hang Seng Index rose 1.76%, and the Hang Seng Tech Index rose 1.34%. The total turnover of the Hang Seng Index was HK$255.14 billion. On the sector front, optical communications, photovoltaic equipment, and wind power stocks led the gains, while publishing, rare earth concepts, and semiconductor stocks continued their strong performance; agricultural products, oil, tea, and alcoholic beverage stocks were weak. In terms of individual stocks, Montage Technology (06809.HK) closed up 63.7% on its first day of trading, Innovent Biologics (01801.HK) rose over 7%, and Pop Mart (09992.HK) and Zijin Mining (02899.HK) both rose over 5.5%; China Telecom (00728.HK) fell nearly 3%, and Kuaishou (01024.HK) fell over 2.7%.Total Energy: Construction is scheduled to begin in the second quarter of 2026.
