GF Fund CSI Media ETF

Focus Media released FY2026 Q1 earnings on April 28 During-Market (BJT), actual revenue CNY 2.915 B (forecast CNY 3 B), actual EPS CNY 0.1239

Focus Media released FY2025 earnings on April 28 After-Market (BJT), actual revenue CNY 12.76 B (forecast CNY 12.8 B), actual EPS CNY 0.204 (forecast CNY 0.3284)

Leo released FY2026 Q1 earnings on April 28 During-Market (BJT), actual revenue CNY 5.101 B, actual EPS CNY 0.0048

Leo released FY2025 Q4 earnings on April 28 After-Market (BJT), actual revenue CNY 5.596 B, actual EPS CNY -0.0982

KINGNET released FY2025 Q4 earnings on April 28 Pre-Market (BJT), actual revenue CNY 1.25 B (forecast CNY 1.573 B), actual EPS CNY 0.1498 (forecast CNY 0.2148)

Leo released FY2025 Annual Earnings on April 28 After-Market (BJT), actual revenue CNY 20.05 B, actual EPS CNY 0.0052

KINGNET released FY2025 annual earnings on April 28 Pre-Market (BJT), actual revenue CNY 5.325 B (forecast CNY 5.807 B), actual EPS CNY 0.89 (forecast CNY 1.0323)

Kunlun released FY2026 Q1 earnings on April 28 During-Market BJT, actual revenue CNY 2.57 B, actual EPS CNY -0.71

KINGNET released FY2026 Q1 earnings on April 28 Pre-Market (BJT), actual revenue CNY 2.221 B (forecast CNY 1.56 B), actual EPS CNY 0.37 (forecast CNY 0.3147)

Focus Media released FY2025 Q4 earnings on April 28 After-Market (BJT), actual revenue CNY 3.152 B (forecast CNY 3.21 B), actual EPS CNY -0.0896 (forecast CNY 0.094)

Stonehill Technology released FY2025 annual earnings on April 27 Pre-Market (BJT), actual revenue CNY 653.19 M, actual EPS CNY 0.0163

Ultrapower released FY2026 Q1 earnings on April 27 After-Market (BJT), actual revenue CNY 1.401 B, actual EPS CNY 0.087

SANQI HUYU released FY2026 Q1 earnings on April 27 Pre-Market (BJT), actual revenue CNY 3.72 B (forecast CNY 4.371 B), actual EPS CNY 0.4 (forecast CNY 0.362)

Giant Network released FY2026 Q1 earnings on April 27 During-Market (BJT), actual revenue CNY 2.329 B (forecast CNY 2.1 B), actual EPS CNY 0.57

Stonehill Technology released FY2025 Q4 earnings on April 27 Pre-Market (BJT), actual revenue CNY 186.76 M, actual EPS CNY -0.0161

Stonehill Technology released FY2026 Q1 earnings on April 27 Pre-Market (BJT), actual revenue CNY 163.91 M, actual EPS CNY 0.0037

Kunlun released FY2025 earnings on April 23 Pre-Market (BJT), actual revenue CNY 8.198 B (forecast CNY 7.747 B), actual EPS CNY -1.28 (forecast CNY -0.8174)

Kunlun released FY2025 Q4 earnings on April 23 Pre-Market (BJT), actual revenue CNY 2.393 B, actual EPS CNY -0.7239

Leo to Release FY2025 Earnings on April 29 After-Market (BJT)

Focus Media to release FY2025 earnings on April 29 After-Market (BJT), forecast revenue CNY 12.8 B, EPS CNY 0.301

08403

512980

516620

159805

517770

516190

At yesterday's close, DEFENG SOLIFE's MACD daily indicator formed a bullish crossover in the low region, with short-term momentum shifting from a prolonged slump to an upward turn. This technical change typically indicates that selling pressure has largely been released, and a small amount of buying can drive the price up. The trading volume was approximately HKD 1.8 million, which is very low in absolute terms, but represents a certain level of activity for small-cap media stocks on the Growth Enterprise Market. The stock price shows signs of stabilization in a long-term bottoming area, with bearish forces clearly weakening. DEFENG SOLIFE belongs to the media industry, and the current wave of AI technology is profoundly changing the business models of the media and content industries. Recently, Baidu's announcement of the DAA multi-line paving Agent has sparked market interest in AI content production, and the media sector is expected to benefit from the efficiency improvements and new business model explorations brought about by technological empowerment. However, it should be noted that the fundamental improvement of small-cap media stocks often requires a long time for verification, with short-term movements driven more by sentiment and capital. In the context of rising risk aversion in the global market, funds typically withdraw from high-risk small-cap stocks, which may pose a headwind for this stock. From a technical perspective, as a Growth Enterprise Market stock, DEFENG SOLIFE's trading depth and liquidity are extremely limited, making the signals generated by technical indicators prone to distortion. Although the moving average system shows signs of flattening, it requires a longer period of volume-price coordination to confirm the direction. If the trading volume continues to be below HKD 1 million for several consecutive days, the current signal is unlikely to persist. The short-term direction is neutral, with bullish signals emerging but their reliability is questionable

Technical Forecast

DEFENG SOLIFE

Guotai CSI Movies Theme ETF

Penghua CSI Media ETF

AXA SPDB CSI Hugangshen Game and Culture Media ETF

ChinaAMC CSI Cultural Entertainment Media ETF

BIDU-SW

Baidu

DEFENG SOLIFE HOLDINGS LTD SPON ADS EACH REP 2 ORD

DOWWAY HLDGS LTD SPON ADS EACH REP 100 ORD (POST SPLIT)

BIDU-SWR

Pre-market trend | DEFENG SOLIFE (8403.HK) 5/15 Bullish momentum begins, can small-cap media stocks emerge from the trough?

09626

513040

513770

Yesterday, BILIBILI-W's stock price plummeted by 8.08%, closing at HKD 153.5. After gapping down from yesterday's close of HKD 167.0, it continued to weaken, hitting a low of HKD 151.5 during the session. The MACD daily line has established a bearish signal, with the momentum bars rapidly expanding downward, which typically indicates that the phase of decline is accelerating and bullish forces are fully retreating. The trading volume reached approximately HKD 1.716 billion, characteristic of a typical volume-driven sell-off, with panic selling clearly emerging. On the news front, Chinese concept stocks collectively faced a heavy setback. U.S. pre-market trading saw a broad decline in Chinese concept stocks, with BILIBILI's U.S. shares dropping about 3% and Alibaba plummeting by 4%. The global financial market experienced a "Black Friday," as inflation fears crushed the tech stock rally, with the U.S. 30-year Treasury yield breaking 5%, leading to a sharp decline in risk appetite. Alibaba's earnings report showed a 99% drop in net profit, raising concerns about the profitability quality of Chinese concept stocks across the entire sector

- On May 17, Bilibili-W's stock price fell sharply by 8.08%, closing at 153.5 HKD after opening lower at 167.0 HKD and hitting a low of 151.5 HKD during the day.  
- The MACD daily signals indicated a strengthening bearish trend, with trading volume reaching approximately 1.716 billion HKD, reflecting widespread panic selling amid a broader downturn in Chinese stocks.  
- Concerns about the earnings quality of Chinese companies were heightened after Alibaba reported a 99% drop in net profit, contributing to a significant decline in the tech sector and a sharp drop in risk appetite globally.

BILIBILI-W

E Fund CSI HK Connect Internet ETF

Hwabao CSI HK Equities Internet ETF

Bilibili

BABA-W

Alibaba

BABA-WR

Alibaba HK SDR 5to1

Pre-market trend | BILIBILI-W (9626.HK) experienced a significant drop on May 15, breaking through key levels, is the short interest accelerating under the cold wave for Chinese concept stocks?

02540

Yesterday, Leshi Group rose slightly by 2.08% to HKD 0.98 at the close, with a trading volume of approximately HKD 5 million, showing relative resilience against the overall weak market. However, the MACD daily line formed a death cross below the zero axis, creating a "divergence" with the slight increase in stock price on the day. This phenomenon usually indicates that the strength of the short-term rebound is limited, and the medium-term trend still points to a bearish direction. The increase on that day may be more of a technical repair by short-term funds rather than a signal of trend reversal. The trading volume of approximately HKD 5 million is at a normal level, with no signs of significant capital inflow. On the news front, the Hong Kong stock media sector has seen light trading recently, lacking significant catalysts at the industry level. Although the global AI wave has provided some conceptual boost to technology media companies, Leshi Group, as a small to medium-sized media target, has a limited market capitalization and is difficult to directly benefit from the commercialization process of large AI platforms. In terms of the macro environment, rising U.S. Treasury yields and climbing oil prices have created systemic pressure on small and mid-cap stocks in Hong Kong, and the preference for large-cap stocks is unlikely to change in the short term. Currently, there are no positive news or analyst rating changes at the company level. From a technical perspective, HKD 0.98 is just below the key level of HKD 1.00. If it can consistently stay above HKD 1.00 and confirm with increased volume, the death cross signal may be resolved. However, from the MACD indicator itself, a death cross below the zero axis represents weak medium-term momentum, and a single-day rebound is insufficient to change the overall pattern. Attention should be paid to whether the next two trading days can continue to close positively with increased volume; otherwise, the rebound is likely just a technical repair within the downtrend

LESI GROUP

Pre-market trend | LESI GROUP (2540.HK) slightly rises against the trend on 5/5, but a death cross has appeared; how far can the rebound go?

01716

159855

Today, MOST KWAI CHUNG recorded a transaction volume of approximately HKD 128 million. For this small-cap stock, this level of trading activity is considered unusually active. A bullish signal has appeared on the daily MACD level, where the technical pattern of the DIF line crossing above the DEA line is typically seen as a signal that short-term buying power is beginning to dominate. From the market rhythm perspective, the increase in trading volume accompanied by the formation of bullish signals indicates that there is capital actively participating at this position, and market attention has clearly intensified. 

On the news front, MOST KWAI CHUNG, as a small-cap media concept stock in the Hong Kong stock market, often sees its stock price movements driven significantly by market sentiment and short-term funds. Recently, the overall trading activity in the Hong Kong stock market has warmed up, with most sectors of the Hang Seng Index recording gains, and the trading activity of small and medium-cap stocks has increased. In addition, the Hong Kong Legislative Council has passed the "2026 Appropriation Bill," and the Hong Kong government's positive stance on the economic outlook provides some positive sentiment support for local consumption and the media sector. However, the lack of clear positive news at the company level means that today's volume spike needs to be viewed with caution. 

From a technical perspective, MOST KWAI CHUNG's transaction volume has suddenly surged from its usual low liquidity level to HKD 128 million. Such a volume change in small-cap stocks often reflects concentrated inflows and outflows of short-term funds. The bullish signals combined with increased volume indicate strong short-term momentum, but if the volume quickly shrinks afterward, the sustainability of the rebound will be significantly discounted. The effectiveness of technical signals in small-cap stocks is inherently lower than that of blue-chip stocks, and a more cautious interpretation is required

MOST KWAI CHUNG

Yinhua CSI Movies Theme ETF

Hang Seng Index

Pre-market trend | MOST KWAI CHUNG (1716.HK) on 4/29 shows unusual volume increase attracting attention, is the bullish signal a true breakout?

Kepler Capital Sticks to Its Hold Rating for Technicolor (0MV8)

businessinsider

Kepler Capital  Sticks to Its Hold Rating for Technicolor (0MV8)

The article discusses the enduring popularity of Mills & Boon, a publisher known for defining the romance genre, amidst a resurgence in romantic literature. It highlights the evolution of the company since its founding in 1908, its vast back catalogue, and the changing demographics of its readership. Executive editor Flo Nicoll notes that while new trends emerge, Mills & Boon remains confident in its established market. The article also touches on the formulaic approach to romance writing that continues to attract readers.

cityam

Is the romance boom a recession indicator? From Mills & Boon to BookTok

SIRUI won the "Best of Show" award for its Vision Prime T1.4 Full-Frame Cine Lens Series at the 2026 NAB Show, introducing new focal lengths for both the Vision Prime and IronStar lens families. The Vision Prime Series now includes 15mm, 75mm, and 150mm lenses, featuring an interchangeable mount system for enhanced compatibility. The IronStar Series expands with 75mm, 100mm, and 135mm lenses, offering filmmakers a comprehensive range of options. The new lenses will be available in the second half of 2026, enhancing creative freedom for filmmakers.

prnewswire

15:00 ETSIRUI Wins "Best of Show", Unveils New Cine Lenses at NAB Show 2026

Ateliere Creative Technologies will showcase its new platform, Ateliere Motion, at the NAB Show in collaboration with HCL Technologies. The platform aims to address challenges faced by media companies during content library consolidation, which can increase complexity without the right technology. Ateliere Motion offers a scalable solution for managing and preparing content for distribution, enhancing operational efficiency and monetization. Attendees can learn more about the platform at the HCLTech Hospitality Suite during the event.

12:24 ETAteliere to Showcase Ateliere Motion at NAB in Collaboration with HCLTechnologies

516010

159869

36Kr learned that on April 16, Bilibili (referred to as "B Station") officially released its "2025 Environmental, Social, and Governance Report" (ESG Report). By 2025, B Station's daily active users will reach 112 million, and monthly active users will exceed 368 million, both showing a year-on-year growth of 8%; the average daily usage time per user will increase by 6 minutes to 108 minutes, and the total user time will grow by 14% year-on-year

36Kr

Guotai CSI Animation Game ETF

ChinaAMC CSI Animation Game ETF

Bilibili released its 2025 ESG report: Daily active users reached 112 million

GBT Technologies has appointed Minh Collins as president of its media subsidiary, Cube X Media Corporation, under a 12-month executive agreement. Collins will lead the strategy to produce original advertising and cinematic content integrated with AI-driven retail technology. This move aims to enhance GBT's position in automated retail and content delivery markets. GBT Technologies focuses on AI and IoT for commercial applications, with a current market cap of $2.77M.

Tip Ranks

GBT Technologies Names Minh Collins To Lead Media Subsidiary

GF Fund CSI Media ETF(512980.SH)

Pre-market trend | DEFENG SOLIFE (8403.HK) 5/15 Bullish momentum begins, can small-cap media stocks emerge from the trough?

Pre-market trend | BILIBILI-W (9626.HK) experienced a significant drop on May 15, breaking through key levels, is the short interest accelerating under the cold wave for Chinese concept stocks?

Pre-market trend | LESI GROUP (2540.HK) slightly rises against the trend on 5/5, but a death cross has appeared; how far can the rebound go?

Pre-market trend | MOST KWAI CHUNG (1716.HK) on 4/29 shows unusual volume increase attracting attention, is the bullish signal a true breakout?

Kepler Capital Sticks to Its Hold Rating for Technicolor (0MV8)