Zhitong Hong Kong stocks have long known | Domestic surgical robots went overseas and entered an accelerated period, Reading Wen Group (00772)'s mid-term revenue increased 10.68% year-on-year
[Today's headlines]
Domestic surgical robots going overseas have entered a period of acceleration
Global endoscopic surgery robots have been monopolized by Intuitive Surgery Da Vinci Systems for a long time. In 2024, the market share of global porous endoscopic robots reached 83%. However, in emerging markets, they faced natural pain points such as high procurement and maintenance costs and insufficient localized services, leaving a window of differentiation for domestic companies.
Guoxin Securities released a research report saying that domestic surgical robots going overseas are entering a period of acceleration. Focus on leading companies with the triple attributes of “international technology benchmarking+cost performance advantage+leading commercialization”.
Domestic brands quickly enter overseas markets with more cost-effective equipment and remote surgery qualifications:
Minimally invasive robot-B (02252): Overseas revenue reached 400 million yuan in 2025, surging 287% year on year. The share of revenue jumped from 40% in 2024 to 73%, and Tumai's global orders exceeded 300 units, covering more than 60 countries and regions;
Jingfeng Medical-B (02675): Jingfeng Medical's high-margin, multi-hole single-hole remote “three-in-one” platform builds the world's leading minimally invasive surgical solutions. Overseas revenue in 2025 was 272 million yuan, accounting for nearly 50%. Recently, it was announced that it has completed an investment in Yuanhao Power (Beijing) Technology Co., Ltd. (Yuanhao Power), an independent third party of the company (this investment). This investment will further enhance the company's strength in exploring “AI+ surgical robots” in the field of intelligent surgery and build a strategic foundation for the embedded intelligent medical robot business.
True Health Medical-B (02697): Established in 2018, True Health Medical is mainly engaged in the development and commercialization of robots for percutaneous puncture surgery and ablation surgery. It is the company with the earliest approval time and the largest number of products in this segment. It has ranked first in the market share in this segment for three consecutive years.
[General outlook]
The Nasdaq China Golden Dragon Index fell 2.94%
Overnight, the Dow Jones Industrial Average fell 184.13 points to close at 53791.85 points, or 0.34%; the S&P 500 stock index fell 24.91 points to close at 7728.2 points, or 0.32%; and the Nasdaq Composite Index fell 159.91 points to close at 26445.45 points, or 0.6%.
Most big tech stocks fell, with Tesla up 0.58%, Meta up 0.71%, Nvidia 0.02%, Microsoft down 0.44%, Apple down 1.09%, Amazon 2.09%, Google-A down 3.84%, and SpaceX down 3.93%. Semiconductor equipment stocks rose, with Kelei up 4.01%, Terada up 3.96%, and Asmack up 3.80%. Storage concept stocks generally rose, SK Hynix rose 4.70% and SanDisk rose 2.68%.
Most popular Chinese securities fell, and the Nasdaq China Golden Dragon Index fell by 2.94%. The Hang Seng Index ADR declined. On a proportional basis, it closed at 25559.35 points, down 93.47 points, or 0.36%, from the Hong Kong closing.
WTI crude oil futures on the New York Mercantile Exchange rose $1.10 for the month to close at $83.23 a barrel, or 1.34%. COMEX gold futures rose by $8.10 in consecutive months, or 0.18%, to $4427.8 per ounce.
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Shanghai issued the “15th Five-Year Plan for the Development of the Software and Information Service Industry in Shanghai”
Among them, it is proposed that by 2030, Shanghai's software and information service industry will become a “driving force” for economic growth, enable AI applications to “main position”, and participate in global competition to achieve the following goals: further expand the total scale of the industry, strive to reach 4 trillion yuan, and the value added of the industry will exceed 1.1 trillion yuan. The quality and efficiency of the industry has been further improved, and a number of breakthrough results have been achieved in key fields such as artificial intelligence and key software. The number of enterprises with revenue exceeding 10 billion yuan has increased to 35, forming a number of high-quality enterprises with leading industrial ecology and emerging enterprises with potential leadership.
Chongqing Electromechanical (02722) is a Yingxi. Net profit attributable to shareholders is expected to increase by about 30% year-on-year in the first half of the year
Chongqing Electromechanical (02722) announced that the Group expects net profit attributable to shareholders for the six months ending June 30, 2026 to increase by about 30% compared to the same period in 2025. This increase was mainly due to the Group's (i) continuous improvement in lean management, increased profits in the intelligent machine tool business, increased profits driven by growth in the scale of the wind power blade business, and (ii) increased investment income in the high-horsepower engine business and UHV transmission and transformation business.
Tencent Music - SW (01698) Net profit attributable to non-IFRS equity holders in the second quarter was 2.69 billion yuan, up 4.4% year on year
In the first half of 2026, it achieved total revenue of 16.828 billion yuan, an increase of 6.52% over the previous year; net profit attributable to the company's equity holders was 4.562 billion yuan. Revenue from music-related services increased 11.0% year-on-year to RMB 7.61 billion (US$1.12 billion), thanks to steady growth in marketing and consumer service revenue (such as offline performance-related services) and music-related membership service revenue. Revenue from music-related membership services increased 8.1% year over year to RMB 4.79 billion (US$706 million). The integration of the Himalayas has led to an increase in revenue from music-related membership services. Furthermore, the continued expansion of Super Membership has also contributed to an increase in revenue from music-related membership services. Benefiting from the company's successful hosting of many concerts for strategically collaborating artists, revenue from offline performance-related services achieved strong year-on-year growth.
Yuewen Group (00772) announced interim results. Revenue of 3,531 billion yuan increased 10.68% year on year, and IP operating business revenue increased 41.9% year on year
In particular, the new circuit of skits and AI comics ushered in explosive growth after active layout and deep application of AI technology. In the first half of the year, related revenue exceeded 430 million yuan, an increase of 2.3 times over the previous year. Among them, the popularity rate of short dramas has reached four times the market average; 46 AI comics have already surpassed 100 million broadcasts, and the playback rate of one million has reached five times the industry average. The Group's IP derivatives business also maintained a strong growth trend. GMV reached 780 million yuan in the first half of the year, an increase of more than 60% over the previous year.
Master Kong Holdings (00322) announced interim results. Profit attributable to shareholders of 2,433 billion yuan increased 7.1% year over year
The overall revenue of the beverage business in the first half of the year was 26.541 billion yuan, up 0.7% year on year, accounting for 65.5% of the Group's total revenue. The gross margin of beverages increased by 0.7 percentage points to 38.4% year-on-year through product restructuring during the period. Due to the year-on-year increase in gross margin, the profit attributable to the company's shareholders in the first half of 2026 increased 10.7% year-on-year to 1,478 billion yuan in the first half of 2026.
Weichai Power: No plans to develop commercial satellite or commercial aerospace power battery products
Weichai Power said on the interactive platform that at this stage, the company has no research and development plans for commercial satellites, commercial aerospace power battery products, and independent power supply products for lunar infrastructure.
Yi Dazong (01733) made a profit. Net profit is expected to exceed HK$240 million for the medium term, an increase of more than 80% over the previous year
The increase in performance was mainly due to the year-on-year increase in coking coal market prices, which led to a recovery in gross profit in the company's coal trading business and a steady improvement in the overall profit level.
Jinchuan International (02362) issued a profit of about US$30 million to 50 million in the medium term.
This sharp increase was mainly driven by rising copper product revenue, which was due to rising copper prices in the market, as well as increased production and overall sales volume at the Musonoi mine (the company's third operating mine in the Democratic Republic of the Congo) since it was put into operation in November 2025. The increase in revenue led to a significant increase in gross profit, but after the Musonoi mine was put into operation, depreciation and interest costs increased due to the cessation of respective capitalization, which partially offset the increase in gross profit.
Wanzhou International (00288): Smithfield should have accounted for an interim net profit of US$484 million, an increase of 17.48% over the previous year
Wanzhou International (00288) announced Smithfield's 2026 interim results, with sales revenue of US$7.5 billion, a year-on-year decrease of 0.77%; Smithfield's net profit due to US$484 million, an increase of 17.48% over the previous year.
[Individual stock prices are clear]
Minmetals Resources (01208) announced interim results. Profit attributable to equity holders increased 164% year-on-year to US$897 million
Minmetals Resources (01208) announced its 2026 interim results. Revenue increased 61% year on year to US$4.54 billion, profit after tax increased 141% year on year to US$1,366 million, profit attributable to the company's equity holders increased 164% year on year to US$897 million, and basic profit per share was 7.36 US cents. Net cash flow from operating activities increased 89% to a record level of approximately US$2,234 million.
According to the announcement, the increase in performance was mainly due to stable and rigorous execution of operations, favorable commodity prices, strong operating cash generation capacity, and the successful completion of the issuance and share placement of approximately US$1.6 billion in convertible bonds.
Minmetals Resources maintains the 2026 production guidelines. Copper production is expected to be 493,000 tons to 528,000 tons, and zinc production is 215,000 tons to 235,000 tons.