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EAST BUY (01797.HK) plans to extend the share buyback program for another year until July 25, 2026.
On March 24, GELONGHUI reported that EAST BUY (01797.HK) announced its plan to repurchase company shares in the open market, with a value of no more than 0.5 billion yuan starting from July 25, 2024, for a period of one year. The Board of Directors has decided to extend the share repurchase plan for another year until July 25, 2026. The Board believes that (i) conducting share repurchases under the current circumstances will demonstrate the company's confidence in its own business outlook and prospects, ultimately benefiting the company and creating value for shareholders, and (ii) the company’s current financial resources will allow it to implement share repurchases while maintaining a sound financial position.
EAST BUY: The self-operated products have exceeded 0.21 billion units in total sales across the internet in their three-year anniversary, with a total customer base of 30.86 million people.
Sina Technology reported on the afternoon of March 20 that today, at the EAST BUY self-operated new product launch conference, EAST BUY announced that from April 2022 to March 2025, it will mark the third anniversary of the launch of self-operated products, with over 0.21 billion units sold online and a total customer base reaching 30.86 million people. Meanwhile, the sales proportion of self-operated products increased to 46%, and the shelf sales proportion of self-operated products surpassed 60%. EAST BUY expressed gratitude for the love and support from paying App memberships, which currently exceed 0.25 million, with an overall customer satisfaction rate of 99.3%. "Gift"
Tencent: In 2024, capital expenditure is expected to grow by 221% year-on-year, with R&D investment at 70.7 billion.
SINA Finance reported on the evening of March 19 that TENCENT released its Earnings Reports for Q4 and the entire year of 2024. The Earnings Reports show that quarterly revenue grew by 11% year-on-year to 172.45 billion yuan, with operating profit (Non-IFRS) at 59.48 billion yuan, maintaining a 21% year-on-year growth rate for the ninth consecutive quarter, leading revenue growth. Annual revenue reached 660.3 billion yuan, an 8% increase year-on-year, with gross profit and operating profit (Non-IFRS) achieving robust growth of 19% and 24% respectively, entering the results realization phase of a high-quality transformation. TENCENT's AI Global Strategy has become clearer, with a comprehensive restructuring based on a "self-developed + open-source" multi-model strategy.
Huaxin Securities: The demand in the Education Sector is rigid, supply is clearing, and the leading companies are restoring flexibility.
The bank is bullish on SCHOLAR EDU (01769) for successfully transitioning from K12 subject training to quality education and high school training, as well as on Excellence Education (03978) and Xueda(Xiamen)Education Technology Group (000526.SZ), and suggests paying attention to Shanghai Xinnanyang Only Education & Technology (600661.SH).
Brokerage morning meeting highlights: remain bullish on Publishing and AI+Education investment opportunities.
In today's Brokerage morning meeting, Zhongtai stated that it remains Bullish on Publishing and AI+Education investment opportunities; CITIC SEC pointed out that it is important to focus on the valuation increase of the Education Sector; China Securities Co.,Ltd. noted that the price increase of Cement and fiberglass continues, and the timing for allocating cyclical sectors has arrived.
WeChat Pay signed a memorandum of strategic cooperation with the Sentosa Development Corporation and CapitaLand in Singapore.
Jinwu Financial News | On March 11, WeChat Pay signed a one-year strategic cooperation memorandum with the Sentosa Development Corporation and CapitaLand Group, allowing Chinese tourists to enjoy payment discounts in Singapore using WeChat.
