Heavy focus

1. China Merchants Bank's net profit to mother in 2023 was 146.602 billion yuan, an increase of 6.22% over the previous year

$CM BANK (03968.HK)$The 2023 annual results report was announced, achieving operating income of 339.123 billion yuan, a year-on-year decrease of 5.66 billion yuan, a decrease of 1.64%; total profit of 176.606 billion yuan, an increase of 11.493 billion yuan, an increase of 6.96%; and net profit attributable to the bank's shareholders of 146.602 billion yuan, an increase of 8.590 billion yuan, or 6.22%.

2. China Telecom's 5G users increased net by more than 50 million last year

$CHINA TELECOM (00728.HK)$In December 2023, the number of mobile users was about 407.8 million, with a cumulative net increase of 16.59 million users in the year. The number of 5G package users was about 318.6.6 million, with a cumulative net increase of 50.7 million users during the year.

3. China Resources Electric Power: The cumulative electricity sales volume of subsidiary power plants in 2023 was about 193 million megawatt-hours, an increase of 4.7% over the previous year

$CHINA RES POWER (00836.HK)$According to an announcement, the cumulative electricity sales volume of attached power plants reached about 193 million megawatt-hours in 2023, an increase of 4.7% over the previous year. Among them, the cumulative electricity sales volume of attached wind farms reached about 396.12,200 megawatt-hours, an increase of 12.4% over the previous year; the cumulative sales volume of attached photovoltaic power plants reached about 2,8633 million megawatt-hours, an increase of 111.8% over the previous year.

4. Haifeng International Profit Alert: The expected profit due to shareholders in 2023 is about US$530 million, a year-on-year decrease of about 73%

$SITC (01308.HK)$According to the announcement, it is estimated that the unaudited profit attributable to the company's shareholders for the year ended 31 December 2023 is about 530 million US dollars, down about 73% from the year ended 31 December 2022. For the year ended 31 December 2023, container traffic volume was 3.2 million TEUs, down about 1% from the previous year, while the average freight was US$623 per TEU, down about 43% from the previous year.

5. Zero Sports Auto issues H shares and domestic shares, raising capital of up to 600 million yuan

$LEAPMOTOR (09863.HK)$It was announced that the total amount of H shares not exceeding RMB 200 million will be issued to the Jinhua Industrial Fund, with a subscription price of 43.8 yuan per share, a premium of 69.77% over the previous trading day (19th). At the same time, 10.34,900 domestic shares were issued to Wuyi County Financial Investment, with a subscription price of RMB 39.86 per share. The total capital raised is 659 million yuan (equivalent to no more than 600 million yuan), which is intended to be used for R&D investment, marketing, production capacity enhancement, and operating capital.

Important matters

$LEAPMOTOR (09863.HK)$It is proposed to issue approximately 5,017,500 H shares and 1.035 million domestic shares

$ZHAOJIN MINING (01818.HK)$: Zhaojin Group increased its H share holdings by 2.7615 million

$IMAGI INT'L (00585.HK)$Clarified that no discussions or negotiations or agreements have been made with Lightning Fusion Energy

Financial performance

$SWHY (06806.HK)$Net profit is expected to grow 50.59% — 79.27% in 2023

$COSCO SHIP DEV (02866.HK)$Annual net profit is expected to decrease by about 60.48% to 64.32%

$YTO INTL EXP (06123.HK)$Profit Warning: Annual net profit is expected to be drastically reduced

$SITC (01308.HK)$Profit Alert: Annual profit is expected to drop by about 73%

$MEITU (01357.HK)$Yingxi: Shareholders are expected to account for an adjusted net profit of 330 million to 370 million yuan in 2023, an increase of about 200% to 230% over the previous year

$EVEREST MED-B (01952.HK)$Total revenue is expected to grow sharply to $124-$126 million in 2023

Operational data

$CHINA MOBILE (00941.HK)$December customer data released: 5G package customers totaled 795 million

$CHINA RES POWER (00836.HK)$The electricity sales volume of subsidiary power plants increased by 4.7% in 2023, the electricity sales volume of subsidiary wind farms increased by 12.4%, and the electricity sales volume of photovoltaic power plants increased by 111.8%

Pharmaceutical Innovation

$HIGHTIDE-B (02511.HK)$The plan is to expand the business layout to Hebei Province

$SHANDONG XINHUA (00719.HK)$: Obtain the drug registration certificate for Memantine hydrochloride tablets

$JACOBIO-B (01167.HK)$: Clinical data on the treatment of solid tumors such as pancreatic cancer by Golerese will be announced at the 2024 ASCO GI Conference

Equity incentives

$KUAISHOU-W (01024.HK)$A total of 6.52 million restricted share units were granted

$SINO BIOPHARM (01177.HK)$: Purchase of 5 million shares under the Restricted Share Award Program

$CHINA TRAVEL HK (00308.HK)$A total of 3.98 million share options were granted

$WING TAI PPT (00369.HK)$4.439 million share options and a total of 10.6565 million bonus shares were granted

Issuance of additional shares

$HOPE LIFE INT (01683.HK)$Proposed discount of approximately 16.67% to place up to 259 million shares

$HONGJIU FRUIT (06689.HK)$: Proposed placement of up to 189 million new H shares, with a total net raise of approximately HK$801 million

Repurchase cancellation

$MEITUAN-W (03690.HK)$5.747 million shares were repurchased at HK$400 million on January 19

$WUXI BIO (02269.HK)$8.08 million shares were repurchased at HK$230 million on January 19

$HSBC HOLDINGS (00005.HK)$2.5 million shares were repurchased at HK$147 million on January 18

$AIA (01299.HK)$On January 19, it cost HK$122 million to buy back 2 million shares

$XIAOMI-W (01810.HK)$On January 19, it cost HK$92.28 million to buy back 7 million shares

$BEKE-W (02423.HK)$On January 18, it cost 7.5 million US dollars to buy back 1,646 million shares

$KINGSOFT (03888.HK)$On January 19, it spent HK$495.69 million to repurchase 2,465,800 shares

$KUAISHOU-W (01024.HK)$On January 19, it spent HK$39.999 million to buy back 956,000 shares

$HISENSE HA (00921.HK)$On January 19, it spent 28.16 million yuan to buy back 1.15 million A-shares

$COSCO SHIP HOLD (01919.HK)$On January 19, 2.6 million shares were repurchased at HK$2.09.79 million

$CHINA MOBILE (00941.HK)$On January 19, 30,000 shares were repurchased at HK$19783,300

$ESR (01821.HK)$1.668 million shares were repurchased at HK$17.24 million on January 19

$CHINASOFT INT'L (00354.HK)$On January 19, it cost HK$156.379 million to repurchase 3 million shares

$CIMC (02039.HK)$On January 19, it spent 15 million yuan to buy back 1.862,700 A-shares

$SWIRE PACIFIC A (00019.HK)$178,500 shares were repurchased at HK$11.225 million on January 19

$FOSUN INTL (00656.HK)$On January 19, it spent HK$10.234 million to repurchase 2,433 million shares

$MORIMATSU INTL (02155.HK)$It is proposed to repurchase shares at a cost of no more than HK$10 million

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