Northbound funds | Northbound trading net bought 7.167 billion, Northbound trading re-added positions in AI hardware stocks, and bought over 1.1 billion Hong Kong dollars of KNOWLEDGE ATLAS (02513) throughout the day.

On July 21, in the Hong Kong stock market, Beishui's net purchase reached 7.167 billion Hong Kong dollars. Among them, the net purchase of Hong Kong Stock Connect (Shanghai) was 1.309 billion Hong Kong dollars, and that of Hong Kong Stock Connect (Shenzhen) was 5.859 billion Hong Kong dollars. The stocks with the highest net buy of Beishui were Hua Hong Grace Semiconductor (01347), Semiconductor Manufacturing International Corporation (00981), and KNOWLEDGE ATLAS (02513). The stocks with the highest net sell of Beishui were Tencent (00700) and Montage Technology (06809). The active trading stocks in Hong Kong Stock Connect (Shanghai) The active trading stocks in Hong Kong Stock Connect (Shenzhen) Hua Hong Grace Semiconductor (01347) and Semiconductor Manufacturing International Corporation (00981) received net buy of 2.25 billion and 1.926 billion Hong Kong dollars respectively. According to reports, sources said that TSMC plans to raise the prices of advanced and mature chip production services by up to 10% in 2027 to reflect the rising costs of materials, manufacturing equipment, and new overseas chip plant construction. TSMC has already begun discussions with major customers on new pricing plans for 2027 capacity reservations. KNOWLEDGE ATLAS (02513) received a net buy of 1.141 billion Hong Kong dollars. According to the Science and Technology Innovation Board Daily, KNOWLEDGE ATLAS AI has landed a construction of a 1GW-level domestic AI computing data center, which is entirely built using domestic AI chips. On the same day, KNOWLEDGE ATLAS officially completed the acquisition of Chinas top AI heterogeneous computing software company XCore Sigma, which is considered by the industry as one of the top AI infra teams in China. Analysts believe that these two actions have filled the key capabilities of KNOWLEDGE ATLAS in computing supply and computing release. Yangtze Optical Fibre And Cable Joint Stock (06869) received a net buy of 1.044 billion Hong Kong dollars. Zhuang Dan, Executive Director and President of YOFC, stated that the polarization-maintaining fiber market is very hot now and it is expected that the demand for polarization-maintaining fiber in the next one or two years will increase by a factor of 10 or 20. The company, together with industrial chain partners, is expanding the production of polarization-maintaining fiber. Data shows that in the first half of this year, YOFC is expected to achieve a net profit attributed to the parent company of approximately 2.4 billion to 3 billion yuan, an increase of 711% to 914% year-on-year. KB LAMINATES (01888) and KINGBOARD HLDG (00148) received a net buy of 929 million and 427 million Hong Kong dollars respectively. On July 16, KINGBOARD HLDG launched a new project for the construction of electronic cloth and high-performance electronic materials in Nansha, Guangzhou, focusing on the development and production of high-end copper-clad laminate (CCL) core raw materials for AI, aiming to create a high-end electronic information material supply base for the global market. After the project reaches full production, it is expected to add an annual output value of 2 billion yuan. GigaDevice Semiconductor Inc. (03986) received a net buy of 416 million Hong Kong dollars. GigaDevice Semiconductor Inc. is expected to achieve an operating income of approximately 11.5 billion yuan in the first half of the year, an increase of around 177% year-on-year; net profit is expected to be approximately 6.9 billion yuan, an increase of around 1099% year-on-year. It is estimated that the company's net profit for the second quarter is about 5.439 billion yuan, with a quarter-on-quarter growth of about 272%. It is worth noting that China Life Insurance's 8 asset management plans collectively sold about 1.1092 million shares of GigaDevice Semiconductor Inc. on July 8, cashing out a total of more than 682 million yuan, and all trades were confirmed on the same day. XIAOMI-W (01810) received a net buy of 126 million Hong Kong dollars. News this morning reported that Xiaomi has raised its annual smartphone shipment target from about 90 million units to 110 million units, an increase of about 16%, mainly because Xiaomi internally believes that the current storage market is expected to see a turnaround. After the market, it was reported that IDC China Research Manager Guo Tianxiang said that Xiaomi's production plan for this year is 90-95 million units, and the annual shipment target has always been over 100 million units, with the latest target being 100 million-110 million units. In addition, BABA-W (09988) received a net buy of 14.31 million Hong Kong dollars, while Montage Technology (06809) and Tencent (00700) received net sells of 57.58 million and 1.025 billion Hong Kong dollars respectively.