[Today's focus]

China Huarong (02799.HK) plans to transfer 5.01% of CITIC shares for HK$13.63 billion

China Huarong (02799.HK) announced that on November 15, 2023, the company signed a share transfer agreement with CITIC Group and CITIC Shengxing (a wholly-owned subsidiary of CITIC Group). According to this, CITIC Shengxing conditionally agreed to transfer and the company conditionally agreed to transfer the target shares, accounting for 5.01% of the number of shares issued by CITIC Shares. The total cost of the acquisition was HK$13.63 billion. After the acquisition is completed, the company will hold 5.01% of the issued shares of CITIC shares.

The acquisition is conducive to improving the quality of the company's assets, optimizing the industrial layout, helping the company improve its financial situation, effectively supplement capital, and enhance sustainable profitability. It is an important measure to optimize the layout of state-owned assets. CITIC Group will also support the transformation and development of the company and improve the operating efficiency of state-owned assets under the principles of marketization and legalization through brand authorization, mutual exchange of personnel, and mutual asset transactions. CITIC shares have the unique advantages of clear strategy, steady operation, high dividends, and strong resilience to risks. Recently, in the face of a series of challenges in domestic and foreign economic operations, CITIC's operating performance has maintained steady growth, contributing stable dividend income to its shareholders. The integrated finance sector of CITIC Co., Ltd. focuses on the three tasks of serving the real economy, preventing and controlling financial risks, and deepening financial reform, explores comprehensive financial advantages, consolidates the leading position of integrated financial services, and gives full play to the role of ballast stones and boosters; the industrial sector firmly serves the country's strategic development and industrial upgrading needs, focuses on cultivating leading enterprises in the industry, continuously consolidates leading positions in advantageous industries, and continuously enhances value creation capabilities. CITIC Co., Ltd. is committed to becoming a banner for implementing the national strategy. With the long-term positive development of China's economy, CITIC shares can better seize the opportunities brought by economic development and create long-term value for its shareholders by combining industry and finance with the advantages of a comprehensive enterprise group.

After the acquisition is officially approved, the company plans to recommend a director to CITIC Co., Ltd. to further deepen strategic cooperation with CITIC shares under the principles of marketization and legalization, fully rely on CITIC's advantages in combining industry and finance, give full play to the advantages of integration and industry and finance, achieve complementary advantages, and help to comprehensively promote the company's business transformation and development. The acquisition is a long-term strategic investment for the company and will bring stable long-term financial benefits to the company.

[Important matters]

BC Technology Group (00863.HK): OSL and Huaying Securities signed a strategic cooperation agreement to jointly promote the flourishing development of Hong Kong's digital asset ecosystem

Zhiyun Health (09955.HK) was included in the MSCI China Small Cap Index

[Financial results]

Fu Hong Han Lin (02696.HK): Profit in the first three quarters reached 410 million yuan, total revenue increased 84% year on year

VTECH HOLDINGS (00303.HK)'s mid-term net profit increased 14.1% to $93.6 million

Huiliang Technology (01860.HK)'s net profit for the first three quarters of $13.943 million increased 11.4% year-on-year

Taixing Real Estate (00277.HK) expects profit attributable to interim shareholders to exceed HK$10 million

Deyongjia Group (00321.HK) Profit Warning: Profit for the first half of the year is expected to fall by about 60% year over year

Acer Group Holdings (01718.HK) is profitable: net profit for the medium term is expected to be no less than HK$16 million

Oaks International (02080.HK) Profit Alert: Medium-term comprehensive profit is expected to decrease by 53.6% year on year

Yongyi International (01218.HK) Profit Alert: Net losses in the medium term are expected to be not less than HK$180 million

Alpine Enterprise (00616.HK) Profit Alert: Expected net loss in the medium term is not less than HK$150 million

Strong Holdings (00064.HK) Profit: Medium-term profit is expected to increase by about 130%

Huaxin Handbags International Holdings (02683.HK) Profitability: Expected net profit of 17 million to HK$21 million in the medium term

Profit Marines (02682.HK) Profit: Expected net profit of HK$23.1 million in the medium term

[Operational data]

DXN China (02019.HK) achieved a cumulative contract sales amount of about 20.51 billion yuan in the first 10 months

Air China (00753.HK) passenger turnover increased 315.1% year on year in October

China Eastern Airlines Co., Ltd. (00670.HK) saw a year-on-year increase of 302.30% in passenger turnover in October

China Southern Airlines Co., Ltd. (01055.HK): Passenger capacity investment in October increased 194.89% year on year

[Pharmaceutical Innovation]

Chinese Antibody B (03681.HK): China Drug Administration Accepts New Drug Application for Susilizumab to Treat Alzheimer's Disease

[Acquisition and sale]

Bank of China Gold Rent (01606.HK) buys four aircraft

Goodbaby International (01086.HK) plans to acquire the remaining 20% of the shares of a Japanese subsidiary for 258 million yen

Guangdong Hong Kong Bay Holdings (01396.HK) plans to sell all of Shenzhen Jingjin Real's shares for 52 million yuan

[Equity Incentives]

Sanwa Fine Chemical (00301.HK) granted a total of 2.184 million reward shares

Ming Yuanyun (00909.HK) granted a total of 1,743 million restricted share units and 14.42 million reward shares

[Issuance of additional shares]

Huasheng International Holdings (01323.HK) suggests that the “10 in 1” merger trading unit per lot will be changed to 20,000 shares

[Repurchase Cancellation]

AIA (01299.HK) spent HK$113 million to repurchase 1,536,400 shares on November 15

HSBC Holdings (00005.HK) spent HK$112 million to repurchase 1,904,400 shares on November 14

Yum China (09987.HK) spent $11.5 million to repurchase 253,500 shares on November 14

China Petroleum & Chemical Co., Ltd. (00386.HK) spent HK$18.699 million to repurchase 4.52 million shares on November 15

COSCO Marine Control (01919.HK) spent 14.6565 million yuan to repurchase 1,502,600 A-shares on November 15

Shell-W (02423.HK) spent 1.71 million US dollars to repurchase 342,000 shares on November 14

United Energy Group (00467.HK) spent HK$1.02 million to repurchase 13 million shares on November 15

Dongfeng Group Shares (00489.HK) spent HK$8.1616 million to repurchase 2,278,000 shares on November 15

Prussia Group Holdings (02486.HK) spent HK$6.0555,700 to repurchase 988,400 shares on November 15

ESR (01821.HK) spent HK$5.65 million to repurchase 550,000 shares on November 15

Shanghai Petrochemical Co., Ltd. (00338.HK) spent HK$5.274,400 to repurchase 4,734 million shares on November 15

Jiumaojiu (09922.HK) spent HK$4.962,500 to repurchase 575,000 shares on November 15

Haier Smart Home (06690.HK) spent 4,538,000 yuan to buy back 203,200 A-shares on November 15

Concord New Energy (00182.HK) spent HK$4,065,600 to repurchase 6.16 million shares on November 15

Starlight Group (00403.HK) cancelled 6.02 million shares and repurchased shares on November 15

Xingsheng Commercial (06668.HK) cancelled 1,552 million shares and repurchased shares on November 15

Standard Chartered Group (02888.HK) cancelled 1,161,400 shares and repurchased shares on November 14