① Datang Power plans to expand the power plant by 8.2 billion yuan. What are the highlights of the project? ② What are the reasons why Beisen Holdings expects to lose more than 3 billion yuan in the previous fiscal year?
The important announcements for Hong Kong stocks yesterday and this morning are as follows:
1) Company news
$ALI PICTURES (01060.HK)$Announced FY2024 results: Annual revenue of 5,036 billion yuan, up 44% year on year; net profit to mother of 285 million yuan, turning a year-on-year loss into a profit.
$BEISEN HOLDING (09669.HK)$: A profit warning was announced. According to the annual results as of March 31, 2024, losses attributable to shareholders will increase year-on-year to about 3,043 billion yuan to 3.364 billion yuan, mainly due to increased losses due to changes in the fair value of redeemable convertible preferred shares.
$BABA-SW (09988.HK)$Completed the private offering of convertible senior notes with a total principal amount of US$5 billion.
$DATANG POWER (00991.HK)$: It is proposed to wholly build the Datang Fuzhou Power Plant 2×1,000 MW expansion project, with a total investment of about 8.216 billion yuan, with a capital ratio of 20%; it is also planned to acquire 95% of the shares in Datang Solar Energy Industry (England and Germany) for 98 million yuan.
$SD GOLD (01787.HK)$Obtained a mining license for the Sanshandao Gold Mine in Shandong Gold Mining (Laizhou).
$INFINITIES TECH (01961.HK)$: and$CMGE (00302.HK)$Sign a game licensing cooperation agreement.
According to the agreement, the Group will obtain exclusive distribution rights for the blockbuster IP card fighting game “All-Star Fight” under China Mobile Games in 47 European, American and Japanese markets, and will be jointly responsible for distribution in these regions.
$SHANDONG XINHUA (00719.HK)$: Sodium bicarbonate injection passed the generic drug consistency evaluation. According to the data, in 2023, the sales volume of sodium bicarbonate in urban public hospitals in China was about RMB 561 million, of which sales of sodium bicarbonate injections were about RMB 497 million.
$FANTASIA (01777.HK)$: Creditors holding 81.96% of the company's existing debt instruments have joined the restructuring support agreement.
$CHINA ORIENTAL (00581.HK)$: In the first quarter, the sales volume of self-produced steel products was about 1.9 million tons, gross profit was about 0-50 yuan per ton, and operating profit after net financial costs was about 32 million yuan.
$QYUNS-B (02509.HK)$: The QX005N prurigo nodular phase III clinical trial successfully enrolled the first patient.
$NIMBLE HOLDINGS (00186.HK)$: It is proposed to sell all shares of Guangzhou Ruihua Property Development for 12 million yuan.
2) Repurchase news
$TENCENT (00700.HK)$: Approximately HK$1.03 billion was spent to repurchase 2.68 million shares, with a repurchase price of HK$369.8 to HK$379.8.
$AIA (01299.HK)$: HK$698 million was spent to repurchase 11.55 million shares at a repurchase price of HK$59.9-60.85.
$HSBC HOLDINGS (00005.HK)$: A repurchase of 3.3076 million shares was spent at HK$228 million, at a repurchase price of HK$68.7-69.1.
$HANG SENG BANK (00011.HK)$: A repurchase of 254,700 shares was spent at HK$28.238,800, at a repurchase price of HK$1,09.9 - HK$112.3.
$SWIRE PACIFIC A (00019.HK)$: Spend HK$18.7038 million to repurchase 269,500 shares at a repurchase price of HK$68.7-70.
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