Selection of blockbuster announcements

1. Baidu's fourth-quarter net profit increased by 189% to 4.953 billion yuan.

$BIDU-SW (09888.HK)$When the results for the fourth quarter of 2022 were announced, the total income was 33.077 billion yuan (the same as below), which was basically the same as the same period last year, an increase of 1.65 percent over the previous year; Baidu, Inc. 's net profit was 4.953 billion yuan, an increase of 189 percent over the same period last year; and diluted income per American depositary share was 13.59 yuan. Baidu, Inc. 's core income was 25.654 billion yuan, the net profit attributed to Baidu, Inc. 's core was 4.773 billion yuan, an increase of 80% over the same period last year, and Baidu, Inc. 's core adjusted EBITDA was 7.146 billion yuan.

2. Nine Dragons Paper released its interim results, in which shareholders should share a loss of 1.389 billion yuan, turning a profit into a loss compared with the same period last year.

$ND PAPER (02689.HK)$According to the release of the unaudited interim results for the six months ended December 31, 2022, the group achieved an income of 31.198 billion yuan (RMB, the same below), a decrease of 9.5% over the same period last year. The loss attributable to shareholders was 1.389 billion yuan, and the profit attributable to shareholders in the same period last year was 2.775 billion yuan. Year-on-year profit turned into a loss; basic loss per share is 0.3 yuan. According to the announcement, the decrease in revenue was due to the offsetting effect of a decline in the average selling price of about 11.4% and an increase in sales of about 2.4%.

3、China Electric Power: Yingshang Green Motion, a non-wholly-owned subsidiary, signed a general contract with Shandong Institute of Engineering.

$CHINA POWER (02380.HK)$Yingshang Green Motion, a non-wholly-owned subsidiary, entered into a general contract with Shandong Institute, which will provide survey, design, procurement, construction and installation services for Yingshang wind power project at a cost of RMB 208 million, as well as technical support services. It is reported that the Yingshang wind power project is located in Yingshang County, Fuyang City, Anhui Province, China, which is rich in wind resources and has the conditions to develop large-scale renewable energy bases.

4. Swire Properties completed the delivery of the remaining 50% interest in Chengdu Cosco Taiguri for 5.55 billion yuan, and the holding interest was increased to 100%.

$SWIREPROPERTIES (01972.HK)$It is announced that the second and third deliveries have taken place on the date of this announcement regarding the acquisition of the remaining 50 per cent interest in Chengdu Cosco Taiguri for 5.55 billion yuan. After the first delivery, Swire Properties Group's interest in the target group will be increased from 50% to 65%, while its interest in the property management group will be further increased to 100% after the second delivery, and its interest in the property control group will be increased to 100% after the third delivery.

5. China Rallway recently won 16 major projects, with a total bid price of 42.891 billion yuan.

$CHINA RAILWAY (00390.HK)$According to the announcement, the company has recently won 16 major projects with a total bid price of about 42.891 billion yuan, accounting for about 4.01 per cent of the company's 2021 operating income under Chinese accounting standards.

6. Great Wall Motor spent about HK $358 million to buy back 30.17 million shares.

$GREATWALL MOTOR (02333.HK)$It issued an announcement to repurchase 30.17 million shares at a repurchase price of HK $11.54-HK $12.04 per share at a cost of about HK $358 million on February 22nd, 2023.

Financial data

IMAX CHINA (01970) released its annual results with a net profit of $10.758 million, down 71.9% from a year earlier.

SmarTone Telecom (00315) medium-term profit attributable to shareholders rose 2 per cent to HK $256 million
Interim interest 14.5 cents

Nine Dragons Paper (02689) medium-term loss attributable to equity holders of the company 1.389 billion yuan

Operation data

China Rallway (00390) recently won 42.891 billion yuan for a major project.

China Reinsurance (01508): the original premium income of Dadi property Insurance in January was 5.572 billion yuan.
5% year-on-year growth

Investment and operation

Cosco Marine Port (01199): plans to acquire the remaining 30% stake in Xiamen Yuanhai for 794 million yuan

Aoneng Construction (01183) entered into a distribution agreement with Liuzhou Wuling Automobile Industry to expand electric vehicle related business.

China Tongfu (01763): China Nuclear Corporation obtains high-tech enterprise certificate

Shanghai Industrial Environment (00807): the first sewage treatment project in Macao

China Tongfu (01763): notification of clinical trial of doxorubicin kit for injection and gallium doteropeptide injection

Shanghai Pharmaceutical (02607): evaluation of the consistency of indapamide tablets through generic drugs

China Electric Power (02380) signed a project general contract with Shandong Institute.

Repurchase cancellation

Great Wall Motor (02333) spent HK $358 million to buy back 30.17 million shares on February 22nd

Zoomlion Heavy Industry Science and Technology (01157) spent 102 million yuan to buy back 15 million A shares on February 22nd.

China Mengniu Dairy (02319) spent HK $28.8869 million to buy back 800000 shares on February 22nd

Yum China (09987) spent US $1 million to buy back 16400 shares on February 21.

Edit / ruby