Important announcements from the Hong Kong stock market today:
1) Performance Express
$CHALCO (02600.HK)$In the first quarter, revenue was approximately 55.7836 billion yuan, a year-on-year increase of 13.95%; net income was approximately 3.538 billion yuan, a year-on-year increase of 58.78%.
$SINOPEC SSC (01033.HK)$In the first quarter, revenue was 17.85 billion yuan, a year-on-year decrease of 3.7%; net income was 0.218 billion yuan, a year-on-year increase of 23%.
$NEW HIGHER EDU (02001.HK)$It announced the interim results for the period ending February 28, 2025, with total revenue increasing by 11.4% year-on-year to 1.6513 billion yuan, and net income increasing by 8.6% year-on-year to 0.469 billion yuan.
$SUNART RETAIL (06808.HK)$It is expected that the net profit for the fiscal year ending March 31, 2025, will significantly improve, turning a profit year-on-year.
The announcement states that, according to Hong Kong Financial Reporting Standards, after-tax profits are estimated to be approximately 0.35 billion yuan to 0.4 billion yuan, compared to a loss of 1.668 billion yuan in the same period last year. This is mainly due to stable and improving sales revenue, with same-store sales maintaining positive growth and significant cost reduction and efficiency improvements.
$HEPALINK (09989.HK)$In the first quarter, revenue was 1.394 billion yuan, a year-on-year increase of 1.53%; net income was 0.157 billion yuan, an increase of 1% year-on-year.
$CHOW TAI FOOK (01929.HK)$In the first quarter, retail value decreased by 11.6% year-on-year. During the quarter, same-store sales for directly operated and franchise stores in mainland China decreased by 13.2% and 8.7% year-on-year, respectively.
$NEWBORNTOWN (09911.HK)$In the first quarter, the average monthly active users of the social business reached approximately 32.835 million, with a sequential growth of about 3.4%; the total revenue from the social business is expected to be approximately 1.345 billion to 1.395 billion yuan, with a year-on-year growth of about 39.1% to 44.3%.
2) Company News
$MMG (01208.HK)$In the first quarter, the total copper production reached approximately 0.1182 million tons, a year-on-year increase of 76%.
$HKEX (00388.HK)$Invested 6.3 billion Hong Kong dollars to purchase a permanent headquarters property.
$GREENTECH INTL (00195.HK)$In the first quarter, the tin production of the Renison project was 2,432 tons, a sequential decrease of 26.9%.
3) Buyback Dynamics
$HSBC HOLDINGS (00005.HK)$Invested 16.6155 million Hong Kong dollars to repurchase 0.198 million shares at a buyback price of 83.55-84 Hong Kong dollars.
$AIA (01299.HK)$Invested 0.279 billion Hong Kong dollars to repurchase 5 million shares at a buyback price of 55.25-56.70 Hong Kong dollars.
Editor/Jeffy