[Today's focus]

Air China (00753.HK) passenger turnover in January increased 69.1% year on year and 12.1% month on month

Air China (00753.HK) announced that in January 2024, the combined passenger turnover of the company and its subsidiaries (in terms of passenger kilometers revenue) increased year-on-year and month-on-month. Passenger capacity investment (based on available seat kilometers) increased 53.1% year over year, up 8.9% month on month; passenger turnover increased 69.1% year on year, up 12.1% month on month. Among them, domestic passenger capacity investment increased 18.1% year on year, up 11.0% month on month; passenger turnover increased 31.9% year on year, up 13.1% month on month; international passenger capacity investment rose 844.9% year on year, up 4.0% month on month; passenger turnover increased 1,093.3% year on year, up 10.0% month on month; regional passenger capacity investment increased 150.1% year on year, up 2.0% month on month; passenger turnover increased 175.4% year on year, up 4.3% month on month. The average occupancy rate was 77.6%, up 7.3 percentage points year on year and 2.2 percentage points month on month. Among them, domestic routes increased 8.3 percentage points year over year and 1.4 percentage points month over month; international routes increased 15.4 percentage points year over year, up 4.0 percentage points month over month; and regional routes increased 6.4 percentage points year over year, up 1.5 percentage points month on month.

In terms of freight, freight capacity investment (in terms of available freight tonnes) increased 84.6% year on year, up 9.1% month on month; cargo and mail turnover (in terms of freight tons and kilometers of revenue) increased 163.9% year on year, up 1.2% month on month; cargo carrying rate was 34.3%, up 10.3 percentage points year on year and 2.7 percentage points month on month.

In January 2024, the Group introduced a total of 1 ARJ21-700 aircraft, 4 A320 series aircraft, 2 B737 series aircraft, and withdrew 4 A320 series aircraft. By the end of January 2024, the Group had operated a total of 908 aircraft, including 395 owned aircraft, 216 leased, and 297 leased.

[Important matters]

Jinjing Xinneng (01783.HK) and Guoxuan Hi-Tech (Hong Kong) set up a low carbon research institute in Hong Kong in the form of a joint venture

Xima Ophthalmology (03309.HK) signed a strategic cooperation agreement with the Shenzhen Luohu District Government for the construction of the Luohu Port Hong Kong-style Port Hospital

[Financial results]

The annual net profit of Jinjie Holdings (03918.HK) increased 65.7% year-on-year to US$177.7 million

Ferretti (09638.HK) net profit of 83.5 million euros in 2023 increased by about 38.0% year on year

The profit attributable to the annual equity holders of Great Wall Pan Asia Holdings (00583.HK) was approximately HK$285 million, a decrease of about 10.3% year-on-year

Jiantao Group (00148.HK) Profit Alert: Annual net profit is expected to drop by no more than 45%

United Energy Group (00467.HK) Earnings Report: Expected annual consolidated net loss attributable to shareholders of approximately HK$1.5 billion to HK$1.8 billion

Jiantao Laminate (01888.HK) Profit Alert: Annual net profit is expected to drop by no more than 55%

Henghe Group (00513.HK) expects medium-term loss of over HK$35 million

Jiaxing Gas (09908.HK) Yingxi: Annual net profit is expected to increase by about 217%-308% year-on-year

Kun Group (00924.HK) Profit Alert: Net loss due to owners is expected to be S$400,000 in the medium term

Songjing Technology (01079.HK) expects comprehensive net profit after tax to be no less than HK$45 million in the medium term

Strength Construction (00519.HK) Profit Alert: Expected mid-term loss of approximately HK$34 million

[Operational data]

Xinhua Insurance (01336.HK)'s premium income in January was 29.89 billion yuan

Sunshine Insurance (06963.HK)'s original premium revenue in January reached 23.246 billion yuan

China Eastern Airlines Co., Ltd. (00670.HK) passenger turnover increased 87.97% year-on-year in January

China Southern Airlines Co., Ltd. (01055.HK): Passenger capacity investment increased 40.39% year on year in January, passenger turnover increased 56.47% year on year

China Taibao (02601.HK): China Pacific Property Insurance's original insurance business revenue of 25.393 billion yuan in January increased 8.9% year-on-year

Yida China (03639.HK): January contract sales amount of 50 million yuan

[Pharmaceutical Innovation]

Yongtai Bio-B (06978.HK): Drug Evaluation Center Approves AT19 Injection New Drug Phase I Clinical Trial (IND) Application

Baiosetu-B (02315.HK) and Gilead reach multi-target antibody cooperation agreement

[Acquisition and sale]

Youran Animal Husbandry (09858.HK) plans to distribute no more than 97.32 million shares to China Genetics Inner Mongolia Youran will buy 78.1 million shares of Huaxia Secstar shares from Huaxia Jinai

Jiefeng International, the controlling shareholder of Zhang Li International (01693.HK), acquired a total of 36 million company shares

GHW INTL (09933.HK) subsidiary plans to acquire land in Malaysia for $55.54 million

[Issuance of additional shares]

Jacobson Pharmaceuticals (02633.HK) plans to discount approximately 1.64% of the total placement of 66 million shares to raise approximately HK$38.8 million

China Financial Leasing (02312.HK) issued approximately 173 million shares according to the “1 for 1” benchmark

ALCO HOLDINGS (00328.HK) plans to sell 15.91 million shares at a discount of approximately 4.85% to raise HK$3.05 million

Ocean Group (01991.HK) proposes “2 for 1” share offering

[Increase or decrease holdings]

Hangang Holdings (01663.HK) received Chairman and Wang Linbing, the main shareholder, increased its holdings by a total of 1.53 million shares

[Repurchase Cancellation]

AIA (01299.HK) spent HK$77.294 million to repurchase 1.2 million shares on February 19

HSBC Holdings (00005.HK) spent HK$52.044,400 to buy back 841,200 shares on February 16

Kuaishou-W (01024.HK) spent HK$39.97 million to buy back 912,000 shares on February 19

ESR (01821.HK) spent HK$32.75 million to repurchase 3.5 million shares on February 19

Haier Smart Home (06690.HK) spent 1.81 million yuan to buy back 850,000 A shares on February 19

COSCO Maritime Holdings (01919.HK) spent HK$11.2714 million to buy back 1.35 million shares on February 19

Jinshan Software (03888.HK) spent HK$10 million to buy back 475,000 shares on February 19

Swire Group A (00019.HK) spent HK$8.95 million to repurchase 139,500 shares on February 19

Fangda Holdings (01521.HK) spent HK$5.445 million to repurchase 3 million shares on February 19

Fosun International (00656.HK) spent HK$4.646 million to buy back 993,500 shares on February 19

Wanwuyun (02602.HK) spent HK$3.5 million to buy back 200,000 shares on February 19

China Wangwang (00151.HK) cancelled 12.142 million shares to repurchase shares on February 19