How about the total sales growth rate of China RES Power's photovoltaic sales volume in the first seven months of this year is almost doubled on a year-on-year basis? How did Yancoal Aus perform in terms of revenue when it's midterm after-tax profit dropped more than 50%?
On August 19th, the Caixin website released important announcements about Hong Kong stocks.
1) Company News
China RES Power (00836.HK): The total sales volume in the first seven months reached 11.7 billion kilowatt hours, an increase of 5.2% year-on-year. Among them, wind power sales increased by 7.9% year-on-year, and photovoltaic sales increased by 191.4% year-on-year.
Sichuan Express (00107.HK): Entered into a strategic investment agreement with China Merchants Fund.
The announcement stated that Shudao Chengyu Investment agreed to subscribe for a portion of the infrastructure fund to be set up and serve as the fund manager of China Merchants Fund, with an amount of not more than RMB 200 million.
Business performance update:
GOGOX - W (01519.HK): Revenue in the first half of the year was USD 4.862 billion, a year-on-year increase of 20.62%; net profit was USD 27.589 million; adjusted EBITDA was USD 0.351 billion, a year-on-year increase of 795.6%.
The announcement stated that the increase in revenue mainly came from the growth of courier service revenue in 13 countries. Among them, courier service revenue increased by 33.7% year-on-year to USD 4.74 billion, with a total of 11.01 billion packages processed, a year-on-year increase of 38.3%.
China State Con (03311.HK): The revenue in the first half of the year reached approximately HKD 61.755 billion, a year-on-year increase of 12.1%; net profit was HKD 5.465 billion, a year-on-year increase of 12.7%.
During the period, the cumulative newly signed contract amount was approximately HKD 125.13 billion. As of June 30, 2024, the total contract amount on the books of the group was approximately HKD 673.71 billion, of which the outstanding contract amount was approximately HKD 407.55 billion.
Yancoal Aus (03668.HK): The general operating revenue for the first half of the year was AUD 3.138 billion, a year-on-year decrease of 21%; net profit after tax was AUD 0.42 billion, a year-on-year decrease of 57%. This was mainly due to the decrease in coal sales revenue.
Hengan int'l (01044.HK): The revenue in the first half of the year was RMB 11.836 billion, a year-on-year decrease of 3%; net profit was RMB 1.409 billion, a year-on-year increase of 14.9%.
Poly PPT Ser (06049.HK): The revenue in the first half of the year was RMB 7.871 billion, a year-on-year increase of 10.22%; net profit was RMB 0.846 billion, a year-on-year increase of 10.8%. This was mainly due to the expansion of the group's managed project area and the increase in the number of managed projects.
Champion Real Estate Investment Trust (02778.HK): Distributable income for the first half of the year was HKD 0.544 billion, a year-on-year decrease of 11.9%.
Jiuzi Holdings (02367.HK): Revenue in the first half of the year was approximately RMB 2.54 billion, a year-on-year increase of 58.2%; net profit was approximately RMB 0.983 billion, a year-on-year increase of 47.4%.
During the period, revenue from KFMM brand was RMB 2.071 billion, a year-on-year increase of 68.6%. Revenue from Kola Jin brand was RMB 0.396 billion, a year-on-year increase of 23.6%.
Kinetic Dev (01277.HK): Revenue in the first half of the year was RMB 2.532 billion, a year-on-year increase of 69.7%; net profit was RMB 1.095 billion, a year-on-year increase of 92.1%.
Sino Biopharmaceutical (00314.HK): Revenue in the first half of the year was approximately RMB 2.364 billion, a year-on-year decrease of 3.04%; net loss was approximately RMB 78.202 million, a year-on-year narrowing of 15.29%.
Kangstem Biotech (06990.HK): Revenue in the first half of the year was approximately RMB 1.383 billion, a year-on-year increase of 32.2%; net profit was RMB 0.31 billion, turning from a loss in the previous year. This was mainly due to the strengthened cooperation with Merck, from which the group received a total of USD 90 million in milestone payments during the period.
Bank of Tianjin (01578.HK): It is expected that the net profit for the first half of the year will increase by 136.36% year-on-year to RMB 1.976 billion.
Seazen (01030.HK): It is expected that the net profit for the first half of the year will be between RMB 0.9 billion to RMB 1.1 billion.
Zhenro PPT (06158.HK) is expected to incur a net loss of 2.2 billion yuan to 2.4 billion yuan in the first half of the year.
FE Hldgs Intl (00036.HK) is expected to incur a loss of at least approximately 0.507 billion Hong Kong dollars in the first half of the year, mainly due to fair value loss in investment properties and increased financing costs.
Tongguan Gold (00340.HK) has announced a profit increase of approximately 91 million Hong Kong dollars in the midterm, a YoY growth of approximately 469%.
3) Buyback Dynamics
Tencent (00700.HK) will spend 1.001 billion Hong Kong dollars to repurchase 2.68 million shares at a repurchase price of 371.4-377.6 Hong Kong dollars.
AIA (01299.HK) will spend 62.3758 million Hong Kong dollars to repurchase 1.1978 million shares at a repurchase price of 51.85-52.45 Hong Kong dollars.
Hang Seng Bank (00011.HK) will spend approximately 20.9339 million Hong Kong dollars to repurchase 0.228 million shares at a repurchase price of 91.1-92.15 Hong Kong dollars.
