Today's Focus:

Zijin Mining Group's (02899.HK) Tibet Julong Copper Mine and Heilongjiang Tongshan Copper Mine have added a total of 18.377 million tons of newly-recorded copper metal resources.

Zijin Mining Group (02899.HK) announced that according to the evaluation opinions of mineral resource supervisory authorities, the total newly-recorded copper metal resources of Tibet Julong Copper Mine and Heilongjiang Tongshan Copper Mine under the company have reached 18.377 million tons, including 5.777 million tons of newly-recorded copper metal reserves, accounting for 14.2% of China's copper reserves at the end of 2022 (according to the "China Mineral Resource Report 2023" disclosed by the Ministry of Natural Resources, China's copper reserves in 2022 were 40.7718 million tons), marking the company's significant achievement in the new round of mineral exploration strategy in China.

The company's research and design units are planning to implement the third phase of the project after completing the construction of the second phase of the Julong Copper Mine. If the project is approved by the relevant government departments, the final elevation for mining in the third phase will be reduced from 4,452 meters in the second phase to 4,090 meters, with total copper reserves exceeding 20 million tons within the domain. The company may achieve the annual output of about 2 million tons of ore and become the world's largest copper mine in terms of production scale, with annual copper production of about 600,000 tons.

According to the Mineral Resource Reserve Evaluation Opinion (Black Mine Reserve Evaluation Letter [2024] No. 06) issued by the Heilongjiang Province Mineral Reserve Evaluation Center, the Tongshan Copper Mine has added 3.651 million tons of newly-recorded copper metal resources, and the V ore body, a newly discovered porphyry blind deposit (mainly distributed underground between 639-2,049 meters), has copper metal resources reaching 2.81 million tons, being the only super-large copper deposit explored in Northeast China in nearly 40 years.

In addition to the newly-added copper metal resources mentioned above, Tongshan Copper Mine has also added 130,000 tons of associated molybdenum metal, 55 tons of gold metal, and 1,104 tons of silver metal. In 2023, Duobaoshan Copper Industry achieved 110,000 tons of copper and 2.6 tons of gold. After this addition, Duobaoshan Copper Industry has copper metal resources exceeding 5.6 million tons.

Important event

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Changju E&M (06959.HK) signed a strategic cooperation framework agreement with Beijing Gaokeshuju Technology.

Kam Hing Int'l (02307.HK) plans to cooperate with THEHOA for long-term business cooperation in knitting and dyeing fabric manufacturing and processing.

Boillhealthcare (01246.HK) found that the bank account of Shanghai Baoxian was frozen due to the court's application for property preservation of Shanghai Fengxian Green Land Small Loans.

Texwinca Hold (00321.HK): Guangzhou Lingke will receive a total of 98.17 million yuan in compensation for the expropriation.

Performance of Financial Report:

Geely Auto's (00175.HK) net profit attributable to equity holders in the first quarter was CNY 1.56 billion, a year-on-year increase of 119%.

Luk Fook Holdings (00590.HK): Annual net profit increased by 37.6% to HKD 1.77 billion. Proposed final dividend of HKD 0.64 per share.

Asia Standard (00129.HK) has turned from profit to loss with a loss of HKD 5.792 billion for the year.

Nimble Holdings (00186.HK) achieved a large increase in revenue with HKD 2.23 billion, reversing the loss to profit, with a profit of HKD 132 million.

Hong Kong Hengji Holdings (01718.HK) reduced its net loss to HKD 20.6218 million for the year and continued to expand its e-commerce live broadcast and promotional business scale.

Dafeng Equipment (02153.HK) announced annual revenue of CNY 682 million, with initial results seen in the expansion of the Greater Bay Area and overseas markets.

Productive tech (00650.HK) had annual sales revenue of HKD 544 million with a significant increase in R&D expenses of approximately 123.1%.

Asia Orient Holdings (00214.HK): The annual loss attributable to equity holders of the company was HKD 3.769 billion.

Yidu (International Holdings) (00259.HK) annual net profit fell 71.26% to HKD 177 million, with a final dividend of 5 Hong Kong cents per share.

Golden Res Dev (00677.HK) had a net profit attributable to equity holders of HKD 107 million for the year, with an interest of 1.2 HK cents at the end of the period.

Xinyi Solar (00968.HK) announced a profit increase of 35% to 45% for the first half of 2024.

Operating Data:

Sanxun Group (06611.HK): the cumulative contract sales amount in the first five months reached 177 million yuan.

Medical Innovation:

SSY Group (02005.HK): Derazantinib has been approved by the National Medical Products Administration for registration as active pharmaceutical ingredient used in the listed preparation.

CSPC Pharma (01093.HK): Enrosumab injection was conditionally approved for marketing by the National Medical Products Administration.

Henlius (02696.HK): Recombinant anti-CD38 fully human monoclonal antibody injection similar drug HLX15 has successfully completed Phase I clinical study.

Acquisitions and Disposals:

Jinhui Holdings (00137.HK): Proposed to acquire two ships for US$68 million.

Tianjin Development (00882.HK) subsidiary intends to sell 24.65% equity of Tianjin Tianbian Pharmaceutical for 120 million yuan.

Kunlun Energy (00135.HK) intends to sell 60% equity of Zhejiang Xinjie, Kunlun Yongchang, and Port Energy.

WG Environmental Technology (01845.HK): Guangzhou WG Environmental Technology intends to acquire the entire equity of Derbo Environment (Guangzhou) for CNY 42 million.

Eminence Ent (00616.HK) intends to sell Hong Kong properties for HKD 36 million.

Top Form International (00333.HK) plans to purchase 40% stake in Jianying Industry for HKD 19 million.

Stock-Based Incentive:

Innocare (09969.HK) grants a total of 2.79 million restricted share units.

Ushering Optoelectronics (02145.HK) offers a total of 51,800 restricted stock units.

Repurchase cancellation.

Tencent (00700.HK) spends 1 billion HKD to repurchase 2.68 million shares on June 28.

HSBC Holdings (00005.HK) spends 237 million HKD to repurchase 3,495,200 shares on June 27.

Xiaomi Corporation (01810.HK) spends 148 million HKD to repurchase 9 million shares on June 28.

AIA Group (01299.HK) spends 70.7045 million HKD to repurchase 1.33 million shares on June 28.

Lianyirong Technology (09959.HK) spends 60.663 million HKD to repurchase 28.542 million shares on June 28.

3SBio (01530.HK) spends 58.02 million HKD to repurchase 9.06 million shares on June 28.

KE Holdings (02423.HK) spends USD 5 million to repurchase 102.4 thousand shares on June 27.

On June 28th, Kuaishou-W (01024.HK) spent HKD 29.56 million to repurchase 638,000 shares.

Pru (02378.HK) spends 261.74 thousand GBP to repurchase 35.74 thousand shares on June 27.

On June 28, Beisen Holdings (09669.HK) spent HKD 26.56 million to repurchase 5.84 million shares.

Hang Seng Bank (00011.HK) spends 20.1734 million HKD to repurchase 200 thousand shares on June 28.

Skyworth Group (00751.HK) spends 15.4064 million HKD to repurchase 5 million shares on June 28.

Guangzhou Automobile Group (02238.HK) spend 15 million RMB to buy back 1.93 million A-shares on June 28.

ThingsSmart (02602.HK) spends 11.8802 million HKD to repurchase 500 thousand shares on June 28.

On June 28, Zhihu (02390.HK) cancelled 4.7547 million repurchased shares.

Comba Telecom (02342.HK) cancels 2,976,000 shares that have been repurchased.

Livzon Pharmaceutical Group (01513.HK): Canceled 2,778,800 repurchased H shares.