[Today's focus]

Xiaomi Group-W (01810.HK) third quarter adjusted net profit of 6.3 billion yuan increased 4.4% year over year

Xiaomi Group-W (01810.HK) announced that in the third quarter of 2024, the company's revenue reached a record high and profits achieved steady growth. In the third quarter of 2024, the total revenue of the Xiaomi Group was RMB 92.5 billion, an increase of 30.5% over the previous year. Looking at the business segment, in the third quarter of 2024, our “mobile phone x AIoT” segment revenue was RMB 82.8 billion, an increase of 16.8% over the previous year, and the revenue of the company's “innovative businesses such as smart electric vehicles” segment was RMB 9.7 billion. In the third quarter of 2024, the Group's adjusted net profit was RMB 6.3 billion, up 4.4% year over year, including adjusted net loss of RMB 1.5 billion from innovative businesses such as smart electric vehicles.

The company continues to advance the “Full Ecology of People, Cars, and Homes” group strategy. In the third quarter of 2024, the company's global smartphone shipments reached 43.1 million units, an increase of 3.1% over the previous year. According to Canalys data, the company ranked in the top three global smartphone shipments this quarter, with a market share of 13.8%, ranking in the top three in the world for 17 consecutive quarters. At the same time, the company's user ecosystem continues to expand. In September 2024, the number of monthly active users worldwide reached a record high of 685.8 million, an increase of 10.1% over the previous year. As of September 30, 2024, the number of IoT devices (excluding smartphones, tablets and laptops) connected to the company's AIoT platform grew to 861.4 million, an increase of 23.2% over the previous year. In the third quarter of 2024, the company delivered 39,790 new Xiaomi SU7 series cars. As of September 30, 2024, the company has delivered 67,157 new Xiaomi SU7 series cars.

The company is steadily advancing the Group's “goal for the new decade”: investing in underlying core technology on a large scale and striving to become a new generation of global hard-core technology leaders. In the third quarter of 2024, the company's R&D expenditure reached RMB 6 billion, an increase of 19.9% over the previous year. As of September 30, 2024, the number of R&D personnel in the company reached 20,436, accounting for 48.6% of the total number of employees. Furthermore, the company continues to expand the Group's intellectual property capabilities. As of September 30, 2024, the Xiaomi Group has obtained more than 0.041 million patents worldwide. Among them, the company rose to 8th place in the 2024 ranking of global patent family enterprises with valid 5G standard essential patent declarations, showing the company's outstanding R&D achievements in the field of communication technology.

[Important matters]

A subsidiary of Yimei International Holdings (01870.HK) recently obtained the Shanxi Electric Power Trading Center's market electricity sales license

Ganlu International Development (06836.HK): The Hedong Government supports the company's application to review the Listing Committee's decision

[Financial results]

Baisheng Group (03368.HK)'s total operating revenue for the third quarter fell 16.5% to 0.8355 billion yuan

Emperor Capital (00717.HK) Profit: Expected annual net profit of not less than HK$50 million

South South Resources (01229.HK) Profit: Expected mid-term profit of not less than HK$30 million in 2024

Sun Yiu Lai (00970.HK) expects medium term loss of approximately HK$0.57 billion

Delray Construction (01546.HK) Profit Alert: Medium-term loss is not expected to exceed HK$14 million

[Operational data]

SUNSHINE INS (06963.HK)'s original premium income from January to October reached 114.059 billion yuan

[Acquisition and sale]

Joy City Real Estate (00207.HK) subsidiary plans to acquire land use rights in Sanya, China for 0.725 billion yuan

Yankuang Energy (01171.HK) plans to acquire 100% of Zikuang Railway's shares for 0.522 billion yuan

Niche Holdings (00240.HK) and WAI KEE HOLD (00610.HK): Huiji China Construction plans to sell 75.576% interest in Wuxi Qianhui Sewage Treatment for $0.125 billion

Kangda Environmental Protection (06136.HK): Plans to transfer assets such as sewage treatment plant franchises, sewage treatment plants and corresponding facilities for 57 million yuan

[Equity Incentives]

Ximei Resources (09936.HK) grants a total of 3 million reward shares

Keji Pharmaceutical-B (02171.HK) grants 2.667 million share options

[Issuance of additional shares]

Shanghai Jilong, a subsidiary of Shanghai Industrial Holdings (00363.HK), signed a strategic investor placement agreement with Ping An Fund

ZHENGWEI GROUP (02147.HK) plans to place up to 0.16 billion shares at a discount of approximately 19.15% to raise HK$5.76 million

[Repurchase Cancellation]

Tencent Holdings (00700.HK) spent HK$0.703 billion to buy back 1.73 million shares on November 18

Alibaba-SW (09988.HK) spent 39.99 million dollars to buy back 3.63 million shares on November 15

AIA (01299.HK) spent HK$0.384 billion to buy back 6.695 million shares on November 18

Prudential (02378.HK) spent £10.215 million to buy back 1.5935 million shares on November 15

Livzon Pharmaceuticals (01513.HK) spent 32.63 million yuan to buy back 0.875 million A shares on November 18

Standard Chartered Group (02888.HK) spent £5.2342 million to buy back 0.5531 million shares on November 15

Samsonite (01910.HK) spent HK$32.151 million to buy back 1.745 million shares on November 18

CSPC Group (01093.HK) spent HK$29.527 million to buy back 5.73 million shares on November 18

China Petroleum & Chemical Co., Ltd. (00386.HK) spent HK$28.1668 million to buy back 6.7 million shares on November 18

Jinbangda Baojia (03315.HK) cancelled 10.007 million shares and bought back shares on November 18

Gaoshi Healthcare (02407.HK) cancelled 0.0825 million shares to repurchase shares on November 18