On August 14th, northbound capital net sold A shares for 7.166 billion yuan.

Kweichow Moutai, Wanhua Chemical Group, and Tongwei Co., Ltd. were net sold for 0.374 billion yuan, 0.347 billion yuan, and 0.267 billion yuan, respectively. China Yangtze Power and Foxconn Industrial Internet received net purchases of 0.249 billion yuan and 0.127 billion yuan, respectively.

Southbound capital net sold Hong Kong stocks by 1.041 billion Hong Kong dollars today.

Net purchases of China Mobile were 0.529 billion, while net sales of Tracker Fund of Hong Kong, CSOP Hang Seng Tech Index ETF, China Construction Bank Corporation, Hang Seng H-Share Index ETF, Meituan, and Tencent were 1.47 billion, 0.539 billion, 0.185 billion, 0.154 billion, 0.144 billion, and 0.141 billion, respectively (which had been net purchases for 14 consecutive days, totaling 10.3374 billion Hong Kong dollars).

According to statistics, southbound capital has net bought Xiaomi for 14 consecutive days, totaling 2.14914 billion Hong Kong dollars, and net bought China Mobile for 3 consecutive days, totaling 1.16896 billion Hong Kong dollars.

Individual Stocks Concerned: China Mobile: On the news front, Goldman Sachs issued a research report stating that the company's management maintained its expectations for stable growth in revenue and profit in 2024. Due to increased R&D and marketing expenses for enterprise business (cloud, artificial intelligence, industrial internet, etc.), EBITDA profit margin continued to show a downward trend, but the slowdown in depreciation costs helped support the trend of stable net profit margin. The management believes that the dividend payout ratio can be increased from 71% to the target of 75% in 2026. Goldman Sachs believes that stable business growth and steady capital expenditures should help China Mobile gradually increase its dividends. Chinahongqiao:

Foxconn Industrial Internet rose 2.89% today. Yesterday, Foxconn Industrial Internet released its 2024 half-year report, with revenue of 266.09 billion in the first half of the year, a year-on-year increase of 28.69%. The net income attributable to the parent was 8.74 billion, a year-on-year increase of 22.04%, both reaching new highs in the same period since the company went public. Among them, AI-related businesses grew significantly. In the first half of the year, the proportion of AI servers in the company's overall server revenue increased to 43%, and the income increased by more than 230% year-on-year.

Wanhua Chemical Group fell 3.03% today. The company achieved operating income of 97.067 billion yuan in the first half of the year, a year-on-year increase of 10.77%; the net profit attributable to shareholders of the listed company was 8.174 billion yuan, a year-on-year decrease of 4.6%. It plans to distribute a cash dividend of 5.2 yuan per 10 shares (including tax) to all shareholders.

Tongwei Co., Ltd. rose 1.62% today. Tongwei Co., Ltd. announced that the company will use its own or self-raised funds to increase the capital of Runyang Shares and acquire the equity of Runyang Shares acquired by Yueda Group for a total of 1 billion yuan in cash, with a total stake of no less than 51% of Runyang Shares.

Materials of the companies of North Water

Meituan fell 1.26% today. Meituan responded to the incident where a food delivery rider was forced to kneel down by a security guard in Hangzhou, stating that it will investigate any unjust treatment that delivery riders may encounter. The company also responded that it has not taken any negative measures that are disadvantageous to delivery riders, such as account banning or restricting orders.

Tencent fell 1.27% today. After the market closed, Tencent announced its second-quarter results as of June 30, 2024. The company achieved revenue of 161.117 billion yuan, a year-on-year increase of 8%, a quarter-on-quarter increase of 1%, and the expected revenue was 161.35 billion yuan; the adjusted net profit was 57.313 billion yuan, a year-on-year increase of 53%, a quarter-on-quarter increase of 14%, and the expected net profit was 48.67 billion yuan.