Full text | Meituan Q3 earnings conference transcript: The total investment in the "Dining Merchant Support Initiative" is 1 billion yuan.
Meituan (HKEX: 3690) released its financial report for the third quarter of 2024 today: revenue was 93.6 billion yuan, an increase of 22.4% year-on-year. Net income was 12.9 billion yuan, compared to 3.6 billion yuan in the same period of 2023; adjusted net income under non-International Financial Reporting Standards was 12.83 billion yuan, a year-on-year increase of 124.0%. After the financial report was released, Meituan's chairman and CEO Wang Xing, along with senior vice president and CFO Chen Shaohui, participated in a subsequent analyst conference call to interpret the financial report. The following is a transcript of the Q&A session during the conference call: Citic Securities analyst Ya Jiang: I
The central parity rate of the renminbi is reported at 7.1877, an increase of 17 points.
On November 29, the central parity rate of the renminbi was reported at 7.1877, an increase of 17 points, while the onshore renminbi closed at 7.2525 on the previous trading day. Mingming: The renminbi exchange rate may fluctuate weakly. In the short term, supported by the central bank's steady exchange rate policy, it is expected that the renminbi exchange rate may fluctuate weakly, with a key focus on the upcoming Central Economic Work Conference for guidance on next year's economic and macro policies. Looking ahead to next year, if the usa tariffs on China are implemented, it may negatively impact our exports, and the scale of merchandise trade surplus may narrow, consequently affecting the stability of the current account surplus, which would undermine support for the renminbi exchange rate.
UBS, Citic Securities, CICC Among Banks Advising Dmall on IPO
Citic Securities Adjusts Price Target on Walt Disney to $130 From $115, Maintains Buy Rating
Citic Securities (06030) appointed Yu Xiaojun as its authorized representative.
Citic sec (06030) announced that, given that Xia Mingli has left the company's wholly-owned subsidiary Citic Lyon Securities, the board...
citic sec (06030.HK): Changing the authorized representative for receiving legal documents and notifications delivered to the company in Hong Kong.
Glory Holdings announced on November 25 that citic sec (06030.HK) has confirmed and approved the appointment of Yu Xiaojun as the authorized representative to accept legal documents and notifications served to the company in Hong Kong, effective from November 25, 2024, due to the departure of Xia Mingli from the company's wholly-owned subsidiary, Citic Lyon Securities. This resolution was made during the board of directors' meeting held on November 25, 2024, in accordance with Section 16 of Part 2 of the Companies Ordinance (Cap. 622) and Article 19A.13(2) of the Securities Listing Rules of the Stock Exchange of Hong Kong Limited.
Hong Kong stocks are moving differently | China-affiliated brokerages are expanding their afternoon decline as the market experiences greater volatility and the sector follows with a correction. Major firms remain bullish on the increased merger and acqui
The decline of china-affiliated brokerage stocks has widened in the afternoon. As of the time of writing, csc (06066) is down 6.47%, trading at 9.97 HKD; china merchants (06099) is down 6.22%, trading at 13.86 HKD; citic sec (06030) is down 5.05%, trading at 21.6 HKD; everbright (06178) is down 3.05%, trading at 7.64 HKD.
China Railway Construction Corporation completed the issuance of 3 billion yuan enterprise bonds.
China Railway Construction Corporation (01186) announced that China Railway Construction Corporation Limited opened the issuance of technology innovation renewable enterprise bonds for professional investors in 2024 (the sixth series) has ended on November 21, 2024. Only variety one and variety two of bonds were finally issued in this series. The final actual issuance size of variety one is 1 billion yuan, with a initial coupon rate of 2.22% for the first cycle and a subscription multiple of 4.10 times; the final actual issuance size of variety two is 2 billion yuan, with a initial coupon rate of 2.40% for the first cycle and a subscription multiple
Chinese brokerage sector rebounded in the afternoon, with some individual stocks reversing their declines. Everbright Securities (06178) rose by 1.54%.
King Wu Financial News | After a short-term pullback in Chinese brokerage sector in the afternoon, some stocks reversed their losses. Everbright (06178) rose 1.54%, GTJA (02611) rose 1.37%, Haitong Sec (06837) rose 1.3%, csc (06066) rose 1.12%, and citic sec (06030) rose 0.88%. In terms of news, GTJA and Haitong Sec jointly announced that the State Administration for Market Regulation has decided not to carry out further reviews of the proposed merger concerning operator concentration antitrust examination, and all necessary antitrust filings regarding the proposed merger submitted have been approved.
Citic Securities Acting as Placing Agent for Laekna
Citic Securities Acting as Sponsor for Mokingran Jewellery IPO
Right For Malaysia's Energy Transition To Include Nuclear
The three major Hong Kong stock indexes continued to show a volatile trend, with the lithium battery and golden industrial concept sectors performing prominently.
① Why have international gold prices strengthened? ② What news has stimulated the strength of consumer electronics stocks? ③ Has the short sell ratio in the Hong Kong stock market shown a decline?
Asian Citrus (00073) sold a total of 0.14 million shares of Citic Securities (06030) to cash out 3.164 million Hong Kong dollars.
Asian citrus (00073) announced that on November 15, 2024, the group sold a total of 14...
Hong Kong stock market anomaly | China-affiliated brokerage stocks further extended losses, with china merchants (06099) falling by more than 7% and csc (06066) falling by more than 5%.
China-affiliated brokerage stocks further expanded their decline, as of the time of writing, China Merchants (06099) fell by 7.1%, closing at 14.14 Hong Kong dollars; CSC (06066) fell by 5.25%, closing at 10.1 Hong Kong dollars; Citic Sec (06030) fell by 5.21%, closing at 21.85 Hong Kong dollars.
Clearing out Zhongjin, cashing out 3.8 billion yuan! Haier Jinying has already earned over 8.8 billion yuan.
Has the brokerage market closed?
Chengdu Jiachi Electronic Technology to Offer 40 Million Shares in Shanghai IPO
China CITIC Financial Asset Management to Further Acquire Shares of CITIC Limited, Bank of China, China Everbright Bank
Citic Securities: Policy reform shapes fundamental expectations, opening up long-term incremental development space for brokerages.
citic sec released research reports stating that in the current environment of improving liquidity and shifting policies, the securities sector is expected to achieve significant improvements in both quarter-on-quarter and year-on-year fundamentals by leveraging high trading volume, large margin size, and low performance base.
Guangzhou Yuexiu Capital to Sell 1% Stake in CITIC Securities
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