In the afternoon, Southern doubled its long position in Samsung Electronics (07747) as the stock fell by more than 4%, down 3.03% to HK$92.04, with a turnover of HK$5.51 billion. On the news front, Samsung Electronics announced its first-quarter results, with consolidated revenue reaching 133.9 trillion Korean won, up 43% quarter-on-quarter and a significant 69% year-on-year increase, setting a new record for quarterly revenue. Operating profit was 57.2 trillion Korean won, up 185% quarter-on-quarter and a staggering 756% year-on-year increase, hitting a new high in quarterly profits. Samsung explicitly stated that the memory supply-demand gap may further widen by 2027. It is worth noting that Samsung Electronics is currently embroiled in an increasingly intense labor dispute, with the core conflict focusing on the performance bonus system. On April 23, 40,000 Samsung employees went on strike, leading to a sharp decline of 18.4% and 58.1% in storage and OEM capacities, respectively. The union is demanding a profit-sharing ratio increase from 7% to 15%. If negotiations fail, a full strike involving 89,000 employees may commence by the end of May, potentially causing a significant impact on the global semiconductor supply chain.