[Today's focus]
China Telecom (00728.HK): Net profit of 20.2 billion yuan in the first half of the year increased 10.2% year-on-year
China Telecom (00728.HK) announced that in the first half of 2023, the company's operating revenue was RMB 26.7 billion, up 7.6% year on year, of which service revenue was RMB 236 billion, up 6.6% year on year, and continued to be higher than industry growth. In the reporting period, EBITDA was RMB 73.3 billion, up 5.0% year on year. Net profit was RMB 20.2 billion, up 10.2% year on year, and basic net profit per share was RMB 0.22. The board of directors decided to continue to pay interim dividends in 2023. The profit distributed in cash is 65% of the profit due to the company's shareholders in the first half of 2023, or RMB 0.1,432 per share.In the reporting period, mobile communication service revenue continued to grow well, reaching RMB 101.6 billion, up 2.7% year on year. Among them, mobile value-added and application revenue reached RMB 15.4 billion, up 19.4% year on year, and 5G package user penetration rate reached 73.4%. Revenue from fixed network and smart home services reached RMB 62 billion, up 3.6% year on year. Among them, smart home business revenue reached RMB 9.3 billion, up 15.7% year on year, and the penetration rate of gigabit broadband reached 20.3%. The industrial digitization business maintained a rapid development trend, with revenue reaching RMB 68.8 billion, up 16.7% year on year; Tianyi Cloud's revenue reached RMB 45.9 billion, up 63.4% year on year.
Ideal Automotive-W (02015.HK): Second quarter revenue increased 228.1% to RMB 28.65 billion, and vehicle deliveries in the third quarter are expected to exceed 100,000 vehicles
Ideal Automotive-W (02015.HK) announced its unaudited financial results for the second quarter of 2023. In the second quarter of 2023, total vehicle delivery volume was 86,533 vehicles, up 201.6% year on year; vehicle sales revenue was RMB 27.97 billion, up 229.7% year on year, up 52.6% month on month; total revenue was RMB 28.65 billion, up 228.1% year on year, up 52.5% month on month; gross profit was RMB 6.24 billion, up 232.0% year on month, up 62.8% month on month; operating profit was RMB 1.63 billion, while operating loss for the second quarter of 2022 was RMB 9785 billion, compared to RMB 9785 billion Operating profit for the first quarter of 2023 increased by 301.3%. Non-US GAAP operating profit for the second quarter of 2023 was RMB 2.04 billion, while non-US GAAP operating loss for the second quarter of 2022 was RMB 520.8 million, up 130.8% from non-US GAAP operating profit for the first quarter of 2023.Net profit for the second quarter of 2023 was RMB 2.31 billion, while net loss for the second quarter of 2022 was RMB 641 million, up 147.4% from net profit of RMB 933.8 million in the first quarter of 2023. Non-US GAAP net profit for the second quarter of 2023 was RMB 2.73 billion, while non-US GAAP net loss for the second quarter of 2022 was RMB 183.4 million, up 92.9% from non-US GAAP net profit of RMB 1.41 billion in the first quarter of 2023.
Cinda Biotech (01801.HK): Achieved total product revenue of nearly 1.4 billion yuan in the second quarter, up more than 35% year-on-year
Cinda Biotech (01801.HK) announced that in the second quarter of 2023, the company commercialized a total of eight products, with total product revenue of nearly RMB 1.4 billion, an increase of more than 35% over the previous year. The growth was strong, and marketing output and efficiency continued to improve. This is mainly due to the continued expansion of the overall sales volume of the product portfolio, including the strong sales performance of dabershu (cindilizumab injection); the impact of the pandemic on sales activity in the second quarter has also dissipated.
Chaoyun Group (06601.HK) Yingxi: Net profit is expected to be no less than 129 million yuan in the first half of the year, an increase of no less than 45% over the previous year
Chaoyun Group (06601.HK) announced that net profit for the six months ending June 30, 2023 is expected to be no less than RMB 129 million, an increase of no less than 45% over the same period in 2022; while revenue for the mid-term period is expected to be no less than RMB 1,125 million, an increase of no less than 10% over the same period in 2022.The Board believes that this growth is mainly due to the Group's success in grasping market opportunities, by (i) actively promoting the rapid development of product categories and sales channels; (ii) focusing on creating products with high profit margins; and (iii) optimizing supply chain cost management and marketing efficiency, thereby comprehensively improving the Group's operating performance and profitability.
Huili Resources (01303.HK) Yingxi: Expected medium-term net profit to triple year-on-year
Huili Resources (01303.HK) announced that the Group expects to record a net profit of no more than RMB 84 million in the six-month period ending June 30, 2023, an increase of about 3 times over the net profit of RMB 20.7 million for the six months ending June 30, 2022 (“past period”).The board believes that the sharp increase in profit for the period is mainly due to the following factors: 1. The Group's coal product sales volume increased during the period compared with previous periods; 2. Expected credit losses during the period were about RMB 600,000 to be reimbursed, while the expected credit for the past period was approximately RMB 6.4 million.
[Financial Data]
Yuexiu Transport Infrastructure (01052.HK): Net profit rose 44.6% to 427 million yuan in the first half of the year
Yingpu Precision (01286.HK) medium-term net profit of HK$303 million increased 13.3% year-on-year
Peking University Blue Bird Huanyu (08095.HK) medium-term net profit increased 431.2% to 377 million yuan
Sibo Systems (08319.HK) revenue increased by about 25.3% in the first quarter to about HK$228 million
Yishideng Holdings (01656.HK) medium-term net profit of S$4.58 million decreased by 58.6% year-on-year
[Performance Forecast]
China Commerce Group (01719.HK) Profit Warning: Net profit is expected to decrease by 90% to 99% in the medium term
Datong Group (00544.HK) Yingxi: Net profit is expected to be no less than HK$11.2 million in the first half of the year, revenue from the food and beverage trade business in mainland China will rise
China Hong Kong Petroleum (00632.HK) Earnings Warning: Company owners are expected to account for losses of HK$8 million in the first half of the year
Victory Pipeline (01080.HK) earnings alert: It is estimated that the loss in the first half of the year will not exceed 60 million yuan
Ruixin International Group (00724.HK) Profit Warning: Expected mid-term loss of around HK$35 million
Yunnan Construction Investment Concrete (01847.HK) expects a net profit loss of about 11.49 million yuan in the first half of the year
Beijing Investment Transportation Technology (01522.HK) Earnings Warning: Mid-term profit is expected to drop by about 85%-95% year-on-year
Huoyan Holdings (01909.HK) Yingxi: Expected medium-term total earnings to increase by more than 20% year over year
Enterprise Development Holdings (01808.HK) Yingxi: Mid-term net profit of 5 million yuan is expected to turn a loss into a profit
Haina Intelligence (01645.HK) earnings warning: net loss in the first half of the year is expected to be no more than 17 million yuan
[Operational data]
Ocean Group (03377.HK): Cumulative agreed sales of 38.15 billion yuan in January-July
Baolong Real Estate (01238.HK): Total contract sales for the first seven months was 19.641 billion yuan
Xintian Green Energy (00956.HK): The completed calibrated power generation capacity of 1.017 million megawatt-hours in the July consolidated report increased by 47.68% year-on-year
[Share capital restructuring]
Xingya Holdings (08293.HK) plans to merge “25 in 1” shares
[Mergers, acquisitions, and sales]
Vivada Holdings (00622.HK) plans to sell all of Siston's shares and related loans for HK$110 million. The latter owns Gehe Laojie Property in Kowloon Tong, Hong Kong
Telecom Digital Holdings (06033.HK) plans to sell properties in Kowloon, Hong Kong for HK$83.2 million
[Investment and operation]
Yabo Technology Holdings (08279.HK): Successfully won a contract for the supply of Chinese sports lottery terminals
Cansino Biotech (06185.HK) intends to provide specific products and related services to AstraZeneca
Beijing Investment Transportation Technology (01522.HK): Huaqi Intelligence received a capital injection of 100 million yuan from Suzhou Rail Transit and the company's shareholding will fall to about 91.44%
[Repurchase Cancellation]
Changshi Group (01113.HK) spent HK$32.4925 million to buy back 750,000 shares on August 8
HSBC Holdings (00005.HK) spent HK$145 million to buy back 2.2712 million shares on August 7
[Equity Incentives]
BeiGye Shenzhou (06160.HK) granted 5,133 shares to buy shares and approximately 87,000 restricted share units