Mid-day overview | All three major indices collectively rose by over 1%, with jd.com leading the network technology stocks with a rise of over 7%, while Alibaba rose by about 3% after its earnings announcement.
Most of the network technology stocks rose, JD.com rose more than 7%, Baidu rose more than 3%, Alibaba rose nearly 3%, Meituan rose more than 2%, and Tencent rose more than 1%.
China United Network Communications' H1 revenue growth rate slows down, investment focuses on the "three networks". | Interpretations
①In the first half of this year, China United Network Communications' revenue scale remained stable with an increase, but the growth rate has slowed compared to the past few years; ②Internet, computing power network, and data network were the investment priorities for China United Network Communications in the first half of the year; ③Chairman Chen Zhongyue said that looking forward to the whole year, he is confident that fixed asset investment will remain stable within 65 billion yuan.
Express News | China United Network Communications had a revenue of 197.3 billion yuan in the first half of the year, a year-on-year increase of 2.9%.
A quick overview during trading hours: Hong Kong stocks opened low and rose higher, with banks, insurance, and telecommunication sectors rising. Tencent's decline narrowed to less than 1%.
Network technology stocks varied, SenseTime rose more than 4%, NetEase rose more than 3%, Xiaomi Group rose more than 1%; bilibili fell nearly 3%, Kuaishou fell nearly 2%, Alibaba fell more than 1%, Tencent fell 0.7%.
AI server revenue increased by over 230% year-on-year, Foxconn Industrial Internet's H1 performance reaches a new high | Interpretations.
① Foxconn Industrial Internet's H1 revenue and profits both hit a new high in the same period since it went public; ② The company's AI server business revenue continues to grow and increased by 230% in the first half of the year; ③ Regarding the next generation AI servers for customers, Foxconn Industrial Internet stated in its financial report that the company's production capacity is sufficient and downstream order visibility is high.
While the telecommunications operators have been on a surge, public funds have been jumping around.
CNOOC and China Mobile are increasingly becoming the standard for public and private equity funds. As representatives of current dividend assets, they are indeed the best option for risk aversion and stable returns.