[Today's focus]
Baosheng International (03813.HK) Yingxi: Mid-term net profit is expected to increase by about 1654% year on year to 305 million yuan
Baosheng International (03813.HK) announced that for the six-month period ending June 30, 2023, the Group's revenue recorded during this period is expected to increase by about 11% over the same period in 2022 to about RMB 10.960 billion, while the profit due to company owners during this period will increase by about 1654% over the same period in 2022 to about RMB 305 million.The announcement said that the increase in profit due to company owners is mainly due to the complete loosening of epidemic prevention and social distancing measures in mainland China, a recovery in offline traffic and consumer buying sentiment, particularly strong sales growth in the omnichannel pan-micro store ecosystem, and a low base effect.
Daphne International (00210.HK) Yingxi: Mid-term net profit is expected to increase sharply by no less than 57%
Daphne International (00210.HK) announced that for the six months ending June 30, 2023, the Group is expected to record shareholders' earnings of not less than HK$30 million during this period. Compared with the shareholders' attributable profit of about HK$19.1 million in the same period in 2022, this is equivalent to a significant increase of no less than HK$10.9 million or 57%.The Board believes that the above anticipated increase is mainly due to a sharp increase in the Group's license fee revenue and revenue from product sales.
Make a Friend Holdings (01450.HK) expects net profit of not less than 40 million yuan in the first half of the year to build a high-quality live e-commerce and new media marketing channel brand
A Friend Holdings (01450.HK) announced that the Group expects to record a net profit of not less than RMB 40 million for the period ending June 30, 2023. This net profit has already deducted approximately RMB 51.4 million in share payment fees. The net loss for the corresponding period was approximately RMB 30 million, and share payment expenses deducted from this net loss were approximately RMB 18.4 million.The board of directors believes that the new media service business segment that the Group began to lay out in 2019 has achieved remarkable results, which is the main reason for recording net profit in the medium term, and is also a successful implementation of the Group's diversification strategy. In the mid-term period, the Group built a high-quality live e-commerce and new media marketing channel brand, and successfully achieved cross-platform operation. The total amount of commodity transactions (GMV) completed across the network exceeded RMB 5 billion, resulting in rapid growth in the Group's overall business operations and financial performance.
CIMC (01839.HK) Yingxi: Expected medium-term net profit of 1,815 billion yuan to 2.01 billion yuan, a year-on-year increase of about 396% to 448%
CIMC (01839.HK) announced that the Group expects the consolidated net profit range attributable to shareholders of listed companies to be RMB 1,815 billion to RMB 2.01 billion for the six months ending June 30, 2023, an increase of about 396% to 448% over the same period last year.The main reasons for the increase in the Group's consolidated performance for the six months ending June 30, 2023 compared to the same period last year are as follows: (1) Affected by continued US inflation and supply chain shortages, the company's North American business seized market opportunities and undertook the growth trend in the second half of 2022. At the same time, the company has actively grasped growth and development opportunities in other markets. Among them, it has achieved good business growth in other overseas markets; it has maintained a stable business trend in the Chinese market, and has gained an increase in market share in market segments.(2) During the reporting period, since the controlling shareholder of the company, China International Shipping Containers (Group) Co., Ltd. (hereinafter referred to as “CIMC Group”), intended to integrate its relevant industrial resources and improve resource efficiency in Shenzhen, the company and its wholly-owned subsidiary CIMC Vehicle Investment HOLDINGS COMPANY LIMITED transferred 100% of the shares of Shenzhen CIMC Vehicle Special Vehicle Co., Ltd. to CIMC Vehicle Investment HOLDINGS COMPANY LIMITED to the company's controlling shareholder CIMC Vehicle Group to generate equity disposal income. After deducting the impact of income tax, the situation is expected to be non-recurrent Earnings were approximately RMB 877.39 million.
China Evergrande (03333.HK): As of the end of June, Evergrande Real Estate involved a total of 287.468 billion yuan in unpaid maturing debts
China Evergrande (03333.HK) announced that as of the end of June 2023, Evergrande Real Estate had a total of 1,875 outstanding litigation cases involving a target amount of RMB 30 million or more, with a total target amount of approximately RMB 429.407 billion.As of the end of June 2023, Evergrande Real Estate involved unliquidated maturing debts totaling approximately RMB 287.468 billion; in addition, as of the end of June 2023, Evergrande Real Estate's overdue commercial notes totaled approximately RMB 244.663 billion.The trading of the company's shares will cease at 9:00 a.m. on March 21, 2022. The trading of the company's shares will continue to be suspended until further notice.
Guotai Junan (02611.HK) Performance Report: Net profit of 5.742 billion yuan in the first half of the year fell 9.89% year-on-year
Guotai Junan (02611.HK) released the 2023 semi-annual results report, with operating income of 18.332 billion yuan, down 6.25% year on year, net profit of 5.742 billion yuan, down 9.89% year on year, deducting non-net profit of 5.41 billion yuan, down 6.21% year on year, and basic earnings per share of 0.61 yuan.
In the first half of 2023, the company insisted on stability and progress. While continuing to “lay the foundation and make up for shortcomings,” the company comprehensively promoted “capacity improvement and strength projects” and strengthened the core capacity building of its main business. Net income from handling fees and investment income from asset management business increased. However, due to market factors, etc., the company's net brokerage fee revenue, investment banking transaction fee net income, and net interest income decreased, causing the company's net profit attributable to owners of listed companies to decline year-on-year.
[Financial Data]
Hutchison Telecom Hong Kong (00215.HK)'s total revenue in the first half of the year increased 1% to HK$2,328 billion
Yueda International Holdings (00629.HK)'s mid-term operating income of 48.326 million yuan increased by about 24.6% year-on-year
Kangqiao Comfort Life (02205.HK)'s revenue in 2022 reached 800 million yuan, and property management service revenue increased 37.1% year on year
Derivative Exchange Asia (08210.HK)'s first-quarter earnings of about HK$14.3 million increased by about 44.4% year-on-year
Zhejiang Joint Investment (08366.HK) annual revenue increased 49.4% to HK$199 million, and net loss narrowed to HK$3.1 million
Hisense Group (01850.HK) turned an annual loss into a profit of HK$7.4 million
[Performance Forecast]
Hong Kong Express Holdings (00032.HK) Yingxi: Expected medium-term net profit of around HK$400 million
Chuncheng Thermal Power (01853.HK) Yingxi: Mid-term net profit is expected to increase by about 80— 120% year over year
VESYNC (02148.HK) expects net profit to increase 70%-120% year-on-year in the first half of the year and an increase in sales volume on Amazon and non-Amazon channels
Shenglong Jinxiu International (08481.HK) Yingxi: Mid-term net profit is expected to increase by about 165% year-on-year
Denghui Holdings (01692.HK) Yingxi: Net profit is expected to increase by more than 35% in the medium term
Kanglong Chemical (03759.HK) expects net profit of 767 million yuan to 796 million yuan in the first half of the year to increase 31%-36% year-on-year
Haitiandi Happy Travel (01832.HK) Profit Alert: Mid-term shareholders are expected to account for losses of 13 million US dollars
Aubak China (08148.HK) Earnings Alert: Expected to turn profit into a loss of around HK$2.4 million in the medium term
INTL GENIUS (00033.HK) profit warning: Expected annual net loss of about 35 million yuan to 45 million yuan
China Tianrui Cement (01252.HK): Net profit is expected to drop by about 65% year-on-year in the first half of the year, cement market demand is weak, cement prices are falling
ASX Backup (08290.HK): Net profit is not expected to exceed HK$1.5 million in the medium term and turn a loss into a profit
China's Shengmu (01432.HK): Net profit is expected to decrease by about 89%-91% year-on-year in the first half of the year
China Merchants Land (00978.HK) Profit Alert: Expect medium-term net profit to decrease by about 65% year on year
Vision Holdings (00862.HK): Expected annual loss of 18.5 million to HK$21 million
Jinli Group (03919.HK) Profit Alert: Expected net loss of around HK$10 million to HK$12 million in the first half of the year
Junqiu Holdings (01481.HK): Losses are expected to increase by more than 100% after tax deductions in the medium term
AV Planning and Promotion (08419.HK) expects net profit of not less than HK$6 million in the first half of the year to turn a year-on-year loss into a profit
Huisheng Engineering (02236.HK) expects medium-term losses to narrow year-on-year
One Lighting (08222.HK) Earnings Alert: Expected net loss of not less than HK$200,000 in the first fiscal quarter
Binhai Teda Logistics (08348.HK) Profit Warning: Mid-term company owners are expected to account for a total of 11 million yuan in total overall revenue
Yuyuan Group (00551.HK) Profit Warning: Net profit is expected to decrease by 50% to 55% in the medium term
China Gas (08246.HK) Yingxi: Expected medium-term net profit after tax of 41.2 million yuan
[Operational data]
Minmetals Real Estate (00230.HK): Contract sales of 7.06 billion yuan in the first half of the year increased 7.1% year-on-year
Bay Area Development (00737.HK): The total toll revenue of the Guangzhou-Shenzhen Expressway in June was 241 million yuan, up 8% year-on-year
[Mergers, acquisitions, and sales]
Joy City Real Estate (00207.HK) plans to publicly sell 100% of Shanghai Pengli's shares
China Travel Service (00308.HK): The Group is in discussions with the seller on the proposed acquisition of Lockhart Road property in Wanchai, Hong Kong
[Investment and operation]
CIMC Enrico (03899.HK): The China Securities Regulatory Commission approved CIMC's registration application for the initial public offering of shares
Corning Jerry Pharmaceutical-B (09966.HK): KN026 combined with HB1801 for first-line treatment of HER2-positive metastatic breast cancer completed the first patient administration
Minimally invasive robot-B (02252.HK): Honghu orthopedic surgical robot obtained Australian TGA certification
Dongfang Electric (01072.HK): Application to issue shares to a specific target was approved by the Shanghai Stock Exchange
China Chunlai (01969.HK): Henan Shangqiu Chunlai Education Group and Bank of China Nanjing Branch signed a strategic cooperation agreement
Minsheng Education (01569.HK): Chongqing Yuecheng and Li German Education have a dispute over the loan agreement. The dispute is currently being resolved in the manner stipulated in the loan agreement
[Repurchase Cancellation]
HSBC Holdings (00005.HK) spent HK$97.49 million on July 27 to buy back 1,5012 million shares
Yum China (09987.HK) spent $1 million on July 27 to buy back 16,700 shares
Hong Kong Science and Technology Exploration (01137.HK) spent HK$1,5561 million to buy back 347,000 shares on July 28
[Equity Incentives]
Jiantao Laminate (01888.HK) granted a total of 35.9 million shares
Hongguang Semiconductor (06908.HK) granted a total of 7.89 million shares
Chuangmendi (01119.HK) granted a total of 8.88 million share rights