[Today's focus]

China Telecom (00728.HK)'s 2023 net profit of 30.446 billion yuan increased 10.3% year-on-year

China Telecom (00728.HK) announced that in 2023, the company's total revenue was 507.843 billion yuan, up 6.9% year on year; net profit attributable to shareholders of listed companies was 30.446 billion yuan, up 10.3% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 29.553 billion yuan, up 8.7% year on year.

The company attaches great importance to shareholder returns and strives to enhance its ability to generate profits and cash flow. In 2021, the company's annual dividend payout rate reached 60%, an increase of nearly 20 percentage points over 2020; in 2022, the company increased the payment of interim dividends and further raised the annual dividend rate to 65%; as far as 2023 is concerned, the company will actively fulfill the promise that “within three years after the issuance and listing of A-shares, the profit distributed in cash every year will gradually increase to more than 70% of the company's shareholders' profits” and continue to create value for the majority of shareholders.

[Important matters]

Datang New Energy (01798.HK) established a joint venture to jointly develop a new energy project in Wuchuan County, Zunyi City

[Financial results]

China Unicom (00762.HK) expects profit attributable to equity holders to be about 18.7 billion yuan in 2023, an increase of about 11.8% year-on-year

China Reinsurance (01508.HK) expects net profit of 5.2 billion yuan to 6.2 billion yuan in 2023

Xinbang Holdings (01571.HK) Yingxi: Expected annual net profit of over 570 million yuan

Yanchang Petroleum International (00346.HK) Profit: Expected annual profit of approximately HK$575 million

Fu Hong Han Lin (02696.HK) Yingxi: It is estimated that the annual loss will be turned into a profit of more than 500 million yuan

Sunshine Energy (00757.HK) Yingxi: Expected continuous operating profit of 130 million yuan to 170 million yuan in 2023, turning a year-on-year loss into profit

Asia Cement (China) (00743.HK) annual revenue decreased by about 23% to 7.427 billion yuan with a final interest rate of 4.1 points

Spike Health (00314.HK): It is estimated that adjusted losses during the year and losses during the year may narrow by more than 40% and 80% respectively

Ajisen (China) (00538.HK) Yingxi: Expected annual profit of about 160 million to 220 million yuan

[Operational data]

Country Garden (02007.HK)'s February shareholders' equity contract sales amount was approximately $3.72 billion

The total pre-sale amount of Agile Group (03383.HK) in February was 1.54 billion yuan

Midea Real Estate (03990.HK)'s contract sales amount for the first 2 months was about 6.17 billion yuan

Zhengrong Real Estate (06158.HK)'s February contract sales amount was about 471 million yuan

[Pharmaceutical Innovation]

Shanghai Pharmaceutical (02607.HK): I031 clinical trial application accepted

Luye Pharmaceutical (02186.HK): The innovative preparation LY01610 has completed the enrollment of the first patients in phase III clinical trials

China Tongfu (01763.HK): CNNC Headway's Novel Urea 13C Breath Test Kit Obtains Clinical Trial Approval Notice

[Acquisition and sale]

Taiping, China (00966.HK): Purchase of aircraft with operating lease arrangements

[Equity Incentives]

Maple Leaf Education (01317.HK) grants 6 million share options

Minhua Holdings (01999.HK) grants 5.7212 million share options

[Issuance of additional shares]

Xingkai Holdings (01166.HK)'s proposed “20 in 1” merger, the trading unit for each lot will be changed to 10,000 consolidated shares

Mythical World (00582.HK) plans to allocate a total of 845 million shares to Resplendence Investment Development to resume trading tomorrow

[Repurchase Cancellation]

HSBC Holdings (00005.HK) spent HK$183 million to repurchase 2.996 million shares on March 1

AIA (01299.HK) spent HK$99.78 million to repurchase 1,592,400 shares on March 4

Standard Chartered Group (02888.HK) spent £8.44,200 to buy back 1,248,900 shares on March 1

Kuaishou-W (01024.HK) spent HK$31.78 million to buy back 717,000 shares on March 4

Livzon Pharmaceuticals (01513.HK): As of February 29, a total of 2.4763 million H shares have been repurchased

Haier Smart Home (06690.HK) spent 19.6319 million yuan to buy back 800,000 A shares on March 4

Swire Group A (00019.HK) spent HK$17.45 million to repurchase 282,000 shares on March 4

Bank of East Asia (00023.HK) spent HK$3.5593 million to repurchase 355,000 shares on March 4