Victory Giant Technology Huizhou Co Ltd

The Shanghai Composite Index closed down 62.58 points, or 1.61%, at 3,814.20 today, after the United States announced new tariffs on 60 countries, with China hit by the highest rate of 12.5%. Technology and semiconductor stocks led the market lower, with Cambricon Technologies falling 1.92%, SMIC down 0.94%, Zhongji Innolight losing 2.43%, Eoptolink Technology dropping 4.28%, and Victory Giant Technology declining 3.73%. For the week, however, the Shanghai Composite Index rose 1.33%.

The global battery electric vehicle market is projected to reach USD 8.6 trillion by 2033, driven by advancements in lithium-ion technology, government incentives, and expanding infrastructure in emerging markets. The Asia-Pacific region is expected to contribute significantly to this growth. In related trading, EcoPro BM rose 9.1% to close at ₩121,600, while Victory Giant Technology (HuiZhou) Ltd fell 8.3% to end at CN¥272.00. Tesla finished at $406.55, up 3.2%.

On July 8, a total of 20 companies were surveyed by institutions, with funds participating in research activities for 15 of them. Tianhao Energy attracted the most attention, with 16 funds taking part in the survey. Four companies saw a cluster of five or more funds conducting research. Greenlink Technology and Qiaofeng Intelligent each received collective research from nine funds. In terms of sector distribution, there were five main-board companies on the Shenzhen Stock Exchange, nine on the ChiNext board, and one on the STAR Market. Companies with a total market capitalization exceeding 100 billion yuan include Victory Giant Technology and Salt Lake Industry. Six companies, including Jiaman Apparel, Tianhao Energy, and Dataway, have a market cap below 10 billion yuan. Over the past five trading days, only Jiaman Apparel and Wasu Media saw their share prices rise, with gains of 4.26 percent and 1.72 percent respectively. As many as 13 stocks declined, with Victory Giant Technology, Salt Lake Industry, and Guoneng Rixin leading the losses. In terms of capital flows, Fenglone Stock led with a net inflow of 429 million yuan in main funds over the past five days, while Suntak Technology and Qiaofeng Intelligent recorded net inflows of 252 million yuan and 200 million yuan respectively. On the earnings front, only Salt Lake Industry released its first-half performance forecast, projecting a median net profit of 6.15 billion yuan, a year-on-year increase of 137.17 percent.

Luxshare Precision Industry has raised HK$24.3 billion, or $3.1 billion, in Hong Kong's largest initial public offering this year. The Chinese components manufacturer and Apple supplier priced 383.5 million shares at HK$63.28 each, the top of the marketed range, representing a 13% discount to its latest Shenzhen closing price. The stock is expected to begin trading in Hong Kong on Thursday. The offering surpasses the HK$23.1 billion raised by Victory Giant Technology Huizhou in April, and investor demand appeared strong enough that Luxshare stopped taking orders early. Cornerstone investors in the listing include Temasek Holdings, GIC and Hillhouse Investment.