On Monday, Hong Kong stocks related to apple supplier collectively "stirred up". The market suddenly surged in the morning and then fluctuated down in the afternoon.

As of the time of writing, aac tech rose over 6%, panasialum rose over 4%, q tech rose over 2%, sunny optical, tk group hldg and others followed suit.

What happened?

It turns out that Cook is on a "business trip" to china, which is his third visit to china this year.

Without china, there would be no current apple.

On November 25, the second Chain Expo organized by the China Council for the Promotion of International Trade was held in peking.

This year's expo covers an area of 0.12 million square meters and brings together over 600 companies; foreign exhibitors account for 32%, an increase from last year's 26%.

Among them, European and American exhibitors make up 50% of the overseas exhibitors; Fortune 500 and industry leading companies account for more than 60% of the exhibitors.

The exhibition will focus on six core industry chains, including advanced manufacturing, green agriculture, and digital technologies, launching over 70 cutting-edge products.

Notably, Apple CEO Tim Cook also made his debut at the Chain Expo, giving a positive review.

According to a video on Weibo by Yuyuantan Tian, Cook expressed his pleasure at being at the Chain Expo and pride in Apple and its partners participating in the exhibition.

When asked how he evaluates Apple's partners in China, he emphasized that he values them highly.

Without China's partners, Apple would not have achieved today's success.

The Apple exhibition display on site also indicated that over 80% of the 200 main suppliers of the company are based in China.

In March this year, Cook praised the Chinese market during his first visit to China of the year.

At that time, it coincided with the opening of the apple retail store at Jing'an Temple Square in shanghai, which is Apple's eighth direct store in China and the second largest globally, as well as the largest in asia.

Cook also clearly stated that China’s importance to apple's supply chain is self-evident.

"No supply chain in the world is more important to us than China."

After the launch of the AI-enabled iPhone 16 series at the September autumn new product launch, Cook quickly started his second visit to China of the year in October.

Of course, this intensive itinerary was almost entirely focused on the latest product, the iPhone 16.

During a meeting with the Minister of Industry and Information Technology of China, Jin Zhuanglong, Cook reiterated that apple will "continue to increase investment in china to support the high-quality development of the supply chain."

Saving iPhone sales in china.

Cook's schedule for this trip to peking is still unclear.

However, it can be seen that Cook's frequent "business trips" to china are in response to apple's efforts to address the sluggish sales of iPhones in the country.

According to the latest data from Counterpoint Research, during this year's singles' day sales, apple's smartphone sales have declined due to facing "exceptionally many" competitive pressures.

From October 18 to November 10, during the november 11 shopping festival-related period, iPhone sales declined by double digits year-on-year. In contrast, Huawei's sales increased by 7%.

Apple's Q4 2024 financial report shows that although revenue exceeded expectations, net income declined and sales in china continue to be weak.

In greater china, net sales were 15.03 billion dollars, down 0.3% year-on-year, compared to an expectation of 15.8 billion dollars.

Due to lower net sales of the iPhone and iPad, net sales in greater china for the entire 2024 fiscal year decreased by 8%.

It is also important to note that this comes at a time when the president-elect Trump is threatening to impose massive tariffs.

China is the largest market after the usa, and trade disruptions should be a particular concern for apple. At the same time, China is also an important supply chain base for apple, with over 90% of iPhones manufactured in China.