On August 7, Wang Xingxing, Chairman, General Manager and Chief Technology Officer of Unitree Technology, stated during an online roadshow that the company has always attached importance to the consumer market. It has opened online stores on domestic and international e-commerce platforms such as JD.com, Tmall, and Amazon, as well as offline experience stores in Beijing, Shanghai, and other cities. The company will continue to expand its presence in the consumer market going forward. For future sales performance, please refer to the company's subsequent periodic reports and other announcement documents.

On August 7, Applied Optoelectronics, a U.S. optical communication manufacturer, announced its second-quarter financial results, reporting GAAP revenue of $192 million, an increase of 86.31% year-over-year and 27% quarter-over-quarter. During the conference call, Chief Financial Officer Stefan Murry provided guidance on capacity expansion: 'In the second quarter, we continued to make steady progress in increasing our production capacity, particularly for our 800G and 1.6T products. Currently, our total capacity is nearing 200,000 units per month, and we expect that by the end of this year, the monthly production capacity for 800G and 1.6T products will reach approximately 650,000 units, with further increases to 930,000 units by the end of 2027.'

On August 7, recent reports indicated that income from Hong Kong insurance purchased by mainland Chinese tax residents has been included in the taxable scope, drawing attention. In response, an official from the relevant department of the State Taxation Administration pointed out that according to China's Personal Income Tax Law, Chinese tax residents are obligated to pay taxes on their global income, and income from overseas insurance falls within taxable income. This is not a new policy, nor is it specifically targeted at the Hong Kong insurance market, so there is no need for excessive interpretation. "Overseas income includes multiple taxable items; taxation is not specifically aimed at the insurance industry," the official further explained. China applies tax laws equally to residents' overseas income, whether from overseas insurance or other investment income, and regardless of the country or region of origin, all must be declared and taxed according to law. Regulating the taxation of residents' overseas income helps prevent cross-border tax evasion, protects national tax interests, and promotes social fairness. (The Paper)

In response to market reports suggesting that Nvidia is accelerating its entry into the telecom operator market and seeking partnerships with base station manufacturers in China, a spokesperson for Nvidia stated, "The report is baseless, and the description of our activities in the region is also inaccurate." Previously, there were reports that Nvidia was speeding up its entry into the telecom operator market and looking for base station partners in China, with Shenzhen Jiaxian Communication Co., Ltd. (referred to as "Jiaxian Communication") participating in the cooperative development of Nvidia's 6G AI-RAN base stations. (The Paper)

Shares of Zhongji Xuchuang, a leading optical module company, fell sharply in both A and H shares today. In related news, the management of American optical communication manufacturer Applied Optoelectronics (AAOI.O) signaled positive developments during their earnings call, stating that demand for AI infrastructure is strong, with customer demand exceeding their current supply capacity by approximately 20% to 40%. They expect 800G revenue to grow nearly fivefold quarter-over-quarter in the third quarter, with the first 1.6T product set to complete customer certification in the coming weeks and ship in late Q3. The call also revealed that they have over $200 million in 1.6T orders.

China's foreign exchange reserves in July stood at $341.878 billion, compared to the expected $342.20 billion and the previous value of $341.626 billion. (Jinshi)

On August 7, the U.S. optical communication sector saw a broad pre-market rally, with Applied Optoelectron surging over 13%. Coherent, Lumentum, and Corning each rose over 4%, while Mavenir Technologies increased by more than 3%. In news, Applied Optoelectron reported second-quarter revenue of $191.9 million, a year-over-year increase of 86.4%. Notably, revenue from its data center business surpassed $100 million for the first time, growing 140% year-over-year and accounting for 56% of total revenue, making it the largest source of income.

On August 7, the Hong Kong Stock Exchange reported that in the first seven months of 2023, there were 104 new listed companies, an increase of 96% year-on-year; the total amount raised through initial public offerings (IPOs) was HKD 328.2 billion, representing a year-on-year increase of 154%.

On August 7, Hong Kong Exchanges and Clearing Limited reported that the market capitalization of the securities market reached HKD 46.8 trillion by the end of July 2026, marking a 4% increase year-on-year. The average daily trading volume in July was HKD 307.2 billion, up 17% year-on-year. The average daily trading volume for the first seven months was HKD 286.8 billion, representing an 18% increase year-on-year.

On August 7, SK Hynix announced a dividend of 375 won per share and stated that it will reveal its shareholder return policy in the third quarter, while also considering additional shareholder return measures.