How much does the new contract amount of nearly 7.5 billion yuan signed by China Aluminum International in the second quarter contribute to its performance? Xinyi Energy expects a decline of more than 20% in mid-term profits, what are the main reasons?
Cailian Press releases important announcements of Hong Kong stocks for you today.
1) Company News
Yankuang Energy (01171.HK): plans to cooperate strategically with Highland Resources, which may become Highland Resources' largest shareholder and gain control.
The announcement said that Highland Resources is a company registered in Australia, its shares are listed on the Australian Stock Exchange, and its main business is the development of potash fertilizer projects. The core project is an under-construction potash mine in the north of Spain with a potash resource of approximately 280 million tons. The project started earthwork construction in 2022, and the first-phase design capacity is 0.5 million tons/year.
China Aluminum International (02068.HK): The amount of new contracts signed in the second quarter was 7.477 billion yuan, a decrease of 20.47% compared with the same period of last year; as of June 30, 2024, the company's total unfinished contract amount was RMB 47.586 billion.
Sinopec Corp (00386.HK): In the first half of the year, the oil and gas equivalent production volume was about 0.2573 billion barrels, a year-on-year increase of 3%; the crude oil production volume was about 0.1405 billion barrels, a year-on-year increase of 0.6%; the natural gas production volume was 700.57 billion cubic feet, a year-on-year increase of 6%.
Xinyi Energy (03868.HK): It is expected that the net profit in the first half of the year will decrease by 25% to 35% year-on-year.
The announcement stated that it was mainly due to the reduction in income generated by selling electricity to the grid due to the limited amount of electricity consumed by several provinces in China, and the increase in depreciation expenses after the completion of the acquisition of new solar power generation projects in 2023 and the first half of 2024.
China Resources Gas (01193.HK): The half-yearly performance of Chongqing Gas was released, with total operating income of approximately 4.971 billion yuan, a year-on-year increase of 0.05%; net profit was approximately 0.148 billion yuan, a year-on-year decrease of 11.15%.
China International Capital Corporation (03908.HK): released the main financial data of CICC Wealth Management in the first half of the year, with operating income of 2.604 billion yuan and net profit of 0.523 billion yuan.
Gemdale PPT (00535.HK): releases the forecast of loss, and expects a loss of approximately 2 billion yuan to 2.3 billion yuan for shareholders in the mid-term, a year-on-year loss.
CITIC Telecom (01883.HK): releases the forecast of profit, and it is expected that the attributable surplus of shareholders in the first half of the year will be approximately HKD 455 million, a year-on-year decrease of approximately 37%.
Prinx Chengshan (01809.HK): It is expected that the net profit in the first half of the year will be between 0.752 billion yuan and 0.85 billion yuan, a year-on-year increase of approximately 130% to 160%.
The announcement said that it is mainly due to the growth in production and sales in the domestic automobile industry, the steady increase in demand in the overseas tire market, and the refund of anti-dumping duties on passenger car and light truck tires originating from Thailand.
China Dongxiang (03818.HK): retail revenue of Kappa brand stores is expected to decline at a mid-to-low unit rate in the first quarter of fiscal year 2024/25.
China Telecom (00728.HK): The number of mobile users in June was approximately 0.4169 billion households, with a net increase of 1.47 million households in the month and a cumulative net increase of 9.08 million households in the year.
China Mobile (00941.HK): The total number of customers in June was 1.0003 billion households, of which the net increase in customers this month was 1.816 million households, and the net increase in customers accumulated this year was 9.256 million households.
Cathay Pacific Airways (00293.HK): Carried 1.8377 million passengers in June, an increase of 18.7% year-on-year. The passenger load factor dropped by 4.2 percentage points to 83.5%, while the available seat kilometer increased by 30% year-on-year.
EuroEyes (01846.HK): The total number of eye surgeries in the second quarter was 6,813, a year-on-year decrease of 5.2%. It is mainly due to weakened consumer confidence in the Chinese and European markets.
Ning Meng Pictures (09857.HK): signed a framework agreement with Tencent Computer to purchase the copyright of literary works.
2) Repurchase Dynamics
Yankuang Energy (01171.HK)：From January 22, 2024 to July 19, 2024, its major shareholder Shandong Energy cumulatively increased its shareholding by approximately 0.255 billion yuan.
Meituan-W (03690.HK)：Spent approximately 0.5 billion Hong Kong dollars to repurchase 4.2329 million shares at a repurchase price of 117.1-119.2 Hong Kong dollars.
Xiaomi Group-W (01810.HK)：Spent 49.6396 million Hong Kong dollars to repurchase 3 million shares at a repurchase price of 16.52-16.58 Hong Kong dollars.
AIA (01299.HK)：Spent 0.156 billion Hong Kong dollars to repurchase 2.904 million shares at a repurchase price of 53.15-54.20 Hong Kong dollars.
CNOOC (00883.HK)：Spent 99.1997 million Hong Kong dollars to repurchase 4.83 million shares at a repurchase price of 20.35-20.7 Hong Kong dollars.
HSBC Holdings (00005.HK)：Spent 0.204 billion Hong Kong dollars to repurchase 3.0012 million shares at a repurchase price of 67.40-68.15 Hong Kong dollars.