In the first quarter, Tencent Music's total revenue was 7.36 billion yuan, an increase of 8.7% year-on-year; net income was 4.29 billion yuan, an increase of 201.8% year-on-year; adjusted net income was 2.23 billion yuan, an increase of 22.8% year-on-year.
The important announcements for Hong Kong Stocks today are as follows:
1) Company News
$JD-SW (09618.HK)$In the first quarter, revenue was 301.1 billion yuan, an increase of 15.8% year-on-year; Net income was 10.89 billion yuan, an increase of 52.73% year-on-year.
$TME-SW (01698.HK)$In the first quarter, total revenue was 7.36 billion yuan, an increase of 8.7% year-on-year; Net income was 4.29 billion yuan, an increase of 201.8% year-on-year; adjusted Net income was 2.23 billion yuan, an increase of 22.8% year-on-year.
The announcement stated that during the period, the number of paid online music users increased by 8.3% year-on-year to 0.1229 billion, and the gross margin improved from 40.9% in the same period of 2024 to 44.1%.
$JD LOGISTICS (02618.HK)$In the first quarter, revenue was approximately 46.967 billion yuan, representing a year-on-year growth of 11.5%; net income was approximately 0.611 billion yuan, reflecting a year-on-year increase of 89.5%.
$JD HEALTH (06618.HK)$In the first quarter, revenue was 16.645 billion yuan, showing a year-on-year growth of 25.5%; net income was 1.071 billion yuan, which is a year-on-year increase of 119.8%.
$BEIGENE (06160.HK)$In the first quarter, operating revenue was 8.048 billion yuan, indicating a year-on-year growth of 50.2%; net loss was 94.503 million yuan, representing a year-on-year decrease of 95.05%.
$SAMSONITE (01910.HK)$In the first quarter, net sales were approximately 0.7966 billion USD, a year-on-year decrease of 7.3%; net income was 48.2 million USD, a year-on-year decrease of 42.6%.
$CHINA RES LAND (01109.HK)$The cumulative contract sales amount for the first four months is approximately 68.5 billion yuan, a decrease of 4.9% year-on-year; the sales amount in April is 17.3 billion yuan, a decrease of 18.7% year-on-year.
$SEAZEN (01030.HK)$The cumulative contract sales for the first four months is 6.863 billion yuan, a decrease of 56.15% year-on-year; the sales amount in April is 1.761 billion yuan, a decrease of 52.46% year-on-year.
$VMEP HOLDINGS (00422.HK)$Revenue for the first quarter is approximately 19.8218 million USD, a year-on-year increase of 76.92%; net income is approximately 0.931 million USD, turning from a loss to a profit year-on-year.
$KONG SUN HOLD (00295.HK)$The total power generation for the first four months is approximately 0.1023 million megawatt-hours, an increase of 3.13% year-on-year.
$LOPAL TECH (02465.HK)$: The subsidiary plans to supply 0.15 million tons of lithium iron phosphate cathode material to Wuhan Chuneng, Xiaogan Chuneng, and Yichang Chuneng. The total expected sales amount of the contract will exceed 5 billion RMB.
$CENTRALWEALTHGP (00139.HK)$: Plans to acquire 49% equity in Yaocai Investment for approximately 0.33 billion Hong Kong dollars.
2) Financing and repurchase dynamics
$MEDBOT-B (02252.HK)$Approximately 25 million new H shares are being placed at a price of HKD 15.50 per share, with a net fundraising of about HKD 0.382 billion.
$BEIGENE (06160.HK)$ Will distribute and issue 0.133 billion new shares to the wholly-owned subsidiary BGNC2.
$SINOMAB BIO-B (03681.HK)$A proposal to issue a total of approximately 0.1128 billion subscription shares, net raising approximately 0.124 billion Hong Kong dollars.
$ZX INC (09890.HK)$A proposal to repurchase shares totaling up to 0.3 billion Hong Kong dollars.
$AIA (01299.HK)$Invested 0.231 billion Hong Kong dollars to repurchase 3.7176 million shares at a repurchase price of 61.75-63.20 Hong Kong dollars.
$HSBC HOLDINGS (00005.HK)$Invested 0.211 billion Hong Kong dollars to repurchase 2.382 million shares, with a repurchase price of 87.02-88.63 Hong Kong dollars.
$TIMES ELECTRIC (03898.HK)$Invested 24.866 million Hong Kong dollars to repurchase 0.7507 million shares, with a repurchase price of 32.85-33.20 Hong Kong dollars.
Editor/lambor