Today's Focus:

East Buy (01797.HK) 2024 fiscal year net revenue total increased by 56.8% to 7.1 billion yuan.

East Buy (01797.HK) announced that the annual performance for the fiscal year ended on May 31, 2024, the company's GMV and total revenue achieved strong growth at the end of the 2024 fiscal year, which demonstrates the resilience of the company's business model and the potential of its self-operated products and livestreaming e-commerce business.

The net revenue total of continuing operations and terminated operations increased by 56.8% from RMB 4.5 billion in the fiscal year 2023 to RMB 7.1 billion in the fiscal year 2024. The net revenue of the self-operated products and livestreaming e-commerce division increased by 68.1% from RMB 3.9 billion in the fiscal year 2023 to RMB 6.5 billion in the fiscal year 2024. The adjusted net profit of continuing operations and terminated operations for the 2024 fiscal year was RMB 220 million, compared to RMB 110 million for the fiscal year 2023. The adjusted net profit of continuing operations for the 2024 fiscal year was RMB 7.094 million, compared to RMB 9.161 million for the fiscal year 2023.

The company continues to adopt a multi-platform, multi-matrix strategy to expand its coverage and reach a wider consumer base, as well as enhance brand awareness and influence. While continuously enriching the channel products and services of livestreaming, the company has also opened online stores on different platforms, such as Tmall, JD.com, Pinduoduo, and Xiaohongshu. The company's multi-channel strategy has driven rapid growth of self-operated products. In terms of livestreaming channels, the GMV of the "East Buy Self-Operated Products" account on Douyin has exceeded RMB 0.1 billion for several consecutive months. The company will add more than 10 vertical accounts on Douyin and gradually launch more livestreaming channels in the coming years. In terms of shelf e-commerce, East Buy's stores on Tmall, JD.com, Pinduoduo, Xiaohongshu, and other platforms have also achieved steady growth.

The company's proprietary application has also become a core channel for self-operated products. During the reporting period, the company launched an application that combines both livestreaming and shelf modes. Marketing activities such as member discounts, exclusive new products on the application, and cashback for members have increased user stickiness and customer loyalty. Some of the most popular self-operated products on the East Buy app account for over 40% of the total GMV of these self-operated products across all platforms.

East Buy has always adhered to the brand philosophy of "health, high quality, and high cost-effectiveness". While focusing on customer-centricity, East Buy focuses on identifying unmet consumer needs, establishing market differentiation, building strong brand awareness, expanding market coverage and exposure, and continuously upgrading and improving its products. It continues to expand its product categories and create popular products.

Important event

Sino-entertain (06933.HK) wholly-owned subsidiary Time Entertainment International signed a letter of intent with TIMCL

Dalipal Holdings (01921.HK): The group has established and trademarked its wholly-owned subsidiary in Saudi Arabia.

Performance of Financial Report:

China Coal Energy (01898.HK): Shareholders' net income for the first half of the year was 10.695 billion yuan.

cmoc group limited (03993.HK) achieved revenue of 102.8 billion yuan in the first half of the year, with a net income attributable to the parent company of 5.4 billion yuan, a year-on-year increase of 670%.

Greentown China (03900.HK) had a net income attributable to shareholders of approximately 4.949 billion yuan in the first half of the year, a year-on-year increase of 27.5%.

CRRC Corporation (01766.HK): Net income for the first half of the year was 4.201 billion yuan, with a year-on-year growth of 21.4%.

Zhejiangexpress (00576.HK): The net profit in the first half of the year was 2.68 billion yuan, a year-on-year increase of 4.7%.

E-commodities (01733.HK) comprehensive income for the first half of the year increased by approximately 7.25% year-on-year to HKD 19.854 billion, and it plans to distribute an interim dividend of HKD 0.073 per share.

China Xlx Fert (01866.HK) net profit in the first half of the year increased by about 21% to 0.938 billion yuan.

enn energy (02688.HK): The revenue in the first half of the year reached RMB 54.587 billion, and the interim dividend is planned to be HKD 0.65 per share.

Shenzhen Expressway (00548.HK) net profit in the first half of the year was 0.774 billion yuan, a year-on-year decrease of 16.72%.

Greentown Service (02869.HK) mid-term equity shareholders' attributable surplus was 0.505 billion yuan, a year-on-year increase of 21.5%.

Jinchuan International (02362.HK) announced mid-term performance, turning a loss into a profit of 9.241 million US dollars, and the Musonoi project will be put into use in early 2025.

Zhaojin Mining (01818.HK): The net income attributable to equity shareholders in the first half of the year reached 0.553 billion yuan, an increase of 118.62% year-on-year.

Greentown Mgmt (09979.HK): The net income attributable to the company's shareholders in the first half of the year reached 0.501 billion yuan, a year-on-year growth of 5.8%.

Jiumaojiu (09922.HK) announced its first-half performance in 2024: revenue increased by 6.4% driven by its multi-brand strategy.

Tuhu-W (09690.HK): Adjusted net profit in the first half of the year was 0.358 billion yuan, a year-on-year increase of 67.3%.

Ruipulan Jun (00666.HK) announced its interim results: revenue was 7.597 billion yuan, a year-on-year increase of 15%, and the Wenzhou base has achieved profitability.

Smart-Core Holdings (02166.HK) saw a 186.6% year-on-year increase in net profit in the first half of the year, with significant growth in its AI-related business.

Archosaur Games (09990.HK) announced its interim results, with a significant narrowing of adjusted losses and a 25.0% increase in revenue from comprehensive game publishing and operation business.

Lingxiong Technology achieved significant year-on-year growth in revenue, gross profit, and customer base in the first half of the year, driven by the cultivation of new productive forces.

Fenbi (02469.HK) had a revenue of 1.63 billion yuan and a year-on-year net profit growth of 240.88% in the first half of the year.

Hk tech venture (01137.HK) recorded a 3.8% increase in revenue in the first half of the year to HKD 1.898 billion. The total trade value of completed orders has reached HKD 4.2 billion.

nd paper (02689.HK): Expected annual net profit of 0.7 billion yuan to 0.8 billion yuan

Times China Holdings (01233.HK) is expected to have a net loss of approximately 2.8 billion yuan to 3.2 billion yuan in the first half of the year.

Acquisitions and Disposals:

To align the long-term interests of the core management and shareholders, the controlling shareholder of Midea Properties (03990.HK) transferred a total of 30 million shares of the company's stock to Chairman and CEO Hao Hengle.

Gofintech Innov (00290.HK) further acquired a total of 9.935 million shares of Jinhai Medical Technology.

Wealthink AI (01140.HK), the largest shareholder, Lui Zhiwei, has sold a total of 2.75 billion shares of the company.

gd land (00124.HK) two subsidiary companies have entered into an agreement for the transfer of assets without consideration.

Additional Share Issuance:

Cocoon Holdings (00428.HK) plans to offer up to 14.1588 million shares, with a total funding of 4.3 million Hong Kong dollars.

【Increase and Decrease】

BBMG Corporation (02009.HK) controlling shareholder first-time increase of 6.68 million shares of the company's A shares.

Repurchase cancellation.

Tencent (00700.HK) spent 1 billion Hong Kong dollars on August 23 to repurchase 2.66 million shares.

HSBC Holdings (00005.HK) spent 11.82 million pounds on August 22 to repurchase 1.805 million shares.

AIA (01299.HK) spent 62.78 million Hong Kong dollars on August 23 to repurchase 1.15 million shares.

Kuaishou-W (01024.HK) spent 58.63 million Hong Kong dollars on August 23 to repurchase 1.45 million shares.

Stanchart (02888.HK) spent 4.63 million pounds to repurchase 0.615 million shares on August 22.

CSPC Pharma (01093.HK) spent HKD 29.8 million to repurchase 6.3 million shares on August 23.

KE Holdings (02423.HK) spent USD 3 million to repurchase 0.607 million shares on August 22.

Hang Seng Bank (00011.HK) spent HKD 20.87 million to repurchase 0.228 million shares on August 23.

Wanwu Cloud (02602.HK) spent HKD 17.0512 million to repurchase 1 million shares on August 23.

Swire Pacific A (00019.HK) spent HKD 10.8954 million to repurchase 0.1675 million shares on August 23.

Simcere Pharma (02096.HK) spent HKD 10.215 million to repurchase 1.96 million shares on August 23.