Stocks of the Week in Hong Kong | China Xuyang Group surged over 40% in a week as Middle East tensions drove up chemical product prices; XunCe Technology accumulated a nearly 49% rise over the week after launching its FeedClaw platform targeting OpenClaw'
This week, the Hang Seng Index fell by a cumulative 1.13%, closing at 25,465.6 points. During the same period, the Hang Seng Tech Index rose by a cumulative 0.62%, closing at 4,978.08 points, while the Hang Seng China Enterprises Index gained a cumulative 0.5%, closing at 8,671.48 points.
JST Group 2024 Net Profit Was CNY12.2M >6687.HK
JST Group Sees 2025 Loss CNY1.6B-Loss CNY1.7B >6687.HK
Jushuitan (06687) issues a profit warning, expecting a net loss of approximately RMB 1.6 billion to RMB 1.7 billion in 2025, turning from profit to loss year-on-year.
Jushuitan (06687) announced that for the fiscal year ending December 31, 2025, the group expects to incur a net loss attributable to the company's equity holders ranging from approximately RMB 1.6 billion to RMB 1.7 billion, compared to a net profit of approximately RMB 12.2 million for the fiscal year ended December 31, 2024, representing a shift from net profit to net loss compared to the previous year.
JST GROUP: PROFIT WARNING
Abnormal Fluctuation Statistics of Shanghai-Hong Kong Stock Connect | March 13
Zhitonggang Stock Connect Abnormal Fluctuation Statistics | March 12, 2026
Zhitong Southbound Stock Connect Capital Flow Statistics (T+2) | March 13
Zhitong HKEX Stock Connect Fund Flow | March 13
Hong Kong Stock Market Midday Review | Hang Seng Index fell 2.55% in the morning session, while oilfield services and engineering, as well as coal mining sectors, showed resilience with upward trends.
Coal stocks have risen against the market trend. The surge in oil and gas prices has triggered an energy substitution effect, with institutions indicating that domestic and international coal prices may rise beyond expectations.
Stock Movement | Jushuitan (06687) Surged Over 15% Intraday After Being Included in the Hong Kong Stock Connect Eligible Securities List; The Company’s ERP System Empowered by AI for Deep Scenario Applications
Jushuitan (06687) surged more than 15% during the trading session. As of the time of writing, it was up 12.94%, trading at HKD 21.3, with a turnover of HKD 40.1159 million.
Express News | The list of eligible securities for Stock Connect's Hong Kong stock trading link has been adjusted to include Lead Intelligent Equipment, Deepexi Technology, JD.com Industrial, and others, effective from March 9.
A Preview of the March Adjustment for Stock Connect: 44 Hong Kong Stocks Expected to Be Included, with Insilico Medicine and JD.com Industrial Among Them
A total of 44 securities are most likely to be newly added to the Hong Kong Stock Connect, with the adjustment set to take effect officially starting from next Monday, March 9.
Guotai Haitong Reaffirms Their Buy Rating on JST Group Corporation Limited (6687)
Guotai Haitong Securities: Initiated coverage on Jushuitan (06687) with an 'Outperform' rating, a leader in e-commerce ERP SaaS.
In 2024, the company's LTV/CAC (Lifetime Value of Customer / Customer Acquisition Cost) ratio reached 9.3, significantly surpassing the industry average of 3, reflecting high customer acquisition efficiency. In the first half of 2025, the company achieved revenue of 524 million yuan, representing a year-over-year increase of 24.39%; net profit attributable to shareholders was -41 million yuan, with losses narrowing by 30.08% year-over-year.
Jushuitan (6687.HK) Initiation Report: Leader in E-commerce ERP SaaS, 'One Body, Two Wings' Driving Long-term Growth
Report Overview: Jushuitan, as the largest e-commerce SaaS ERP provider in China, has built an extensive ecosystem network through its products and services. The company's revenue and profits have shown continuous and steady growth, with AI integration into e-commerce ERP opening up new application scenarios.
Cursor CEO, the 'AI Programming Star': The 'Third Era' of AI Software Development Has Arrived
Michael Truell, co-founder of Cursor, recently published an article dividing the evolution of AI programming into three stages: the Tab Autocomplete Era, the Synchronous Agent Era, and the current 'Third Era' dominated by cloud-based agents. In this new era, agents can operate independently, in parallel, and over extended periods, transforming developers from 'code writers' to 'directors of agents'.
DeepSeek V4 to be launched next week? Native multimodal architecture, technical report to be released simultaneously.
①This may be a multimodal model with the ability to generate images, videos, and text; ②DeepSeek provides in-depth support for domestic computing power; ③DeepSeek will release a brief technical explanation simultaneously with the launch of V4.
Stock Market Movements | AI Impact Wave Returns, Application Software Stocks Generally Decline, Jushuitan (06687) Drops Over 9%
The resurgence of the AI shockwave has led to a widespread decline in Hong Kong-listed application software stocks. As of press time, Newlink Technology (09600) dropped 9.52%, trading at HKD 0.285.
Jushuitan (06687) has been included in the Hang Seng Composite Index and is expected to become a Stock Connect-eligible security.
On February 13, the Hang Seng Index Company announced the results of the quarterly review of the Hang Seng Index Series up to December 31, 2025, in which Jushuitan (06687) was included in the Hang Seng Composite Index.
Another Wall Street investment bank downgrades the Chinese software industry: AI disruption triggers valuation reset!
UBS Group downgraded the rating of China's software industry, pointing out that generative AI is disrupting the traditional SaaS logic. AI is forcing software companies to shift from high-margin standardized subscriptions to low-margin customized services, resulting in 'revenue growth without profit growth.' The market valuation system is transitioning from a focus on growth through price-to-sales ratios to an emphasis on profitability and cash flow through price-to-earnings ratios, leading to a revaluation of the industry.
The software stock sector has collapsed, and no one 'dares to catch a falling knife.'
The S&P 500 Software & Services Index fell for the sixth consecutive trading session, but this selloff failed to attract any significant bottom-fishing buying. Even Microsoft, traditionally regarded as a safe haven, was not spared, with short sellers increasing their positions against the trend. Current market sentiment has evolved from valuation concerns at that time to deep anxiety over the potential disruption of traditional software business models by artificial intelligence.