Hong Kong Stock Market News:

$BABA-W (09988.HK)$ Listed on the dual main board of the Hong Kong Stock Exchange today.

Alibaba announced that the previously voluntary conversion of the company's secondary listing status on the Hong Kong Stock Exchange to primary listing status takes effect today. The company is now a dual primary listed company on the Hong Kong Stock Exchange and the New York Stock Exchange. The common stocks listed on the Hong Kong Stock Exchange and the American Depositary Receipts listed on the New York Stock Exchange remain convertible.

$ANTA SPORTS (02020.HK)$In the first half of the year, the revenue was RMB 33.735 billion, a year-on-year increase of 13.8%; the net income was RMB 7.72 billion, a year-on-year growth of 62.6%.

$CHINA CINDA (01359.HK)$The total revenue in the first half of the year was RMB 35.076 billion, a year-on-year increase of 2.27%; the net income was approximately RMB 2.156 billion, a year-on-year decrease of 47%.

$SKYWORTH GROUP (00751.HK)$The total revenue in the first half of the year was RMB 30.153 billion, a year-on-year decrease of 6.6%; the net income was RMB 0.384 billion, a year-on-year increase of 27.2%.

$CHINA OILFIELD (02883.HK)$In the first half of the year, the revenue was 22.497 billion yuan, a year-on-year increase of 19.3%; the net income was 1.592 billion yuan, a year-on-year increase of 18.9%.

$NONGFU SPRING (09633.HK)$In the first half of the year, the revenue was 22.173 billion yuan, a year-on-year increase of 8.36%; the net income was 6.24 billion yuan, a year-on-year increase of 8.04%.

$HAIDILAO (06862.HK)$In the first half of the year, the revenue was approximately 21.491 billion yuan, a year-on-year increase of 13.79%; the net income was approximately 2.038 billion yuan, a year-on-year decrease of 9.74%

As of June 30, 2024, Haidilao restaurants had an average table turnover rate of 4.2 times per day; the average customer spending decreased to 97.4 yuan, mainly due to changes in menu consumption structure and increased discounts.

$SUPER HI (09658.HK)$In the first half of the year, the revenue was 0.371 billion US dollars, a year-on-year increase of 14.51%; a loss of 4.583 million US dollars. Both overall and same store table turnover rate of Haidilao restaurants reached 3.8 times per day, an increase of 0.5 times per day year-on-year.

$YIHAI INTL (01579.HK)$: In the first half of the year, the income was 2.927 billion yuan, an increase of 11.88% year-on-year; the net profit was 0.308 billion yuan, a decrease of 13.85% year-on-year.

$CNBM (03323.HK)$: In the first half of the year, the operating income was 83.471 billion yuan, a decrease of 18.46% year-on-year; the net loss was 2.018 billion yuan.

The announcement stated that in the first half of 2024, the cement industry showed the characteristics of "low demand, low prices, and industry losses" due to the deep adjustment of the real estate industry, the tight funding of infrastructure projects, and other comprehensive factors. The national cement production was 0.85 billion tons, the lowest since the same period in 2011, a decrease of 10.0% year-on-year. The contradiction of overcapacity has not been fundamentally resolved, and the cement prices have remained low. The industry as a whole has experienced losses for the first time since the 21st century.

$CHINA TAIPING (00966.HK)$: In the first half of the year, the insurance service income was 55.875 billion Hong Kong dollars, an increase of 3.2% year-on-year; the net profit was 6.027 billion Hong Kong dollars, an increase of 15.4% year-on-year.

$SUNSHINE INS (06963.HK)$In the first half of the year, the revenue was 42.449 billion yuan, an increase of 8.9% year-on-year; the net profit was approximately 3.143 billion yuan, an increase of 8.57% year-on-year.

$ZA ONLINE (06060.HK)$The total income reached approximately 16.035 billion yuan, a year-on-year increase of 12.7%. Net profit was 55.467 million yuan, an increase of 113.08% year-on-year.

$SJM HOLDINGS (00880.HK)$The total net income for the first half of the year was 13.801 billion Hong Kong dollars, an increase of 47.4% year-on-year; the loss was 0.162 billion Hong Kong dollars, a decrease of 87.18% year-on-year.

$CHOW SANG SANG (00116.HK)$In the first half of the year, the revenue was 11.313 billion Hong Kong dollars, a decrease of 13% year-on-year; the net profit was 0.526 billion Hong Kong dollars, a decrease of 36% year-on-year.

$FLAT GLASS (06865.HK)$: In the first half of the year, the revenue was 10.696 billion yuan, a year-on-year increase of 10.51%; the net profit was 1.499 billion yuan, a year-on-year increase of 38.14%.

$SINO LAND (00083.HK)$: In the first half of the year, the revenue was 8.765 billion Hong Kong dollars, a year-on-year decrease of 26.23%; the net profit was 4.402 billion Hong Kong dollars, a year-on-year decrease of 24.74%.

$CTIHK (06055.HK)$: In the first half of the year, the revenue was 8.704 billion Hong Kong dollars, a year-on-year increase of 12%; the net profit was 0.643 billion Hong Kong dollars, a year-on-year increase of 41%.

$A-LIVING (03319.HK)$: In the first half of the year, the revenue was approximately 7.023 billion yuan, a year-on-year decrease of 8.8%; the net loss was 1.634 billion yuan.

$HANSOH PHARMA (03692.HK)$In the first half of the year, the revenue was 6.506 billion yuan, a year-on-year increase of 44.21%; the net profit was 2.726 billion yuan, a year-on-year increase of 111.47%.

$CH MODERN D (01117.HK)$In the first half of the year, the revenue was 6.418 billion yuan, with a net loss of 0.228 billion yuan.

$AUSNUTRIA (01717.HK)$In the first half of the year, the revenue was 3.681 billion yuan, a year-on-year increase of 4.8%; the net profit was 0.145 billion yuan, a year-on-year decrease of 21.2%.

2) Company news.

$UBOX ONLINE (02429.HK)$Signed a memorandum of understanding with SIWAR on cooperation in the intelligent vending machine market in Saudi Arabia.

The announcement states that SIWAR is a company registered in accordance with the laws of Saudi Arabia, operating frozen foods in the Saudi Arabian market under the brand "Siwar." Its products include ready-to-eat meals, pizza, processed meats, vegetables, fries, desserts, ice cream, and baked goods.

$GENSCRIPT BIO (01548.HK)$The new drug cilta-cel has been approved for marketing application.

$JW THERAP-B (02126.HK)$BeiNoda® has obtained approval for a new indication for the treatment of relapsed or refractory adult T-cell lymphoma from the National Medical Products Administration.

3) Buyback Dynamics

$JD-SW (09618.HK)$The board of directors has approved a new share repurchase plan, allowing the company to repurchase shares (including American Depositary Shares) worth up to 5 billion USD by the end of August 2027, within the following 36 months.

$ANTA SPORTS (02020.HK)$ The company plans to use up to 10 billion Hong Kong dollars to repurchase shares on the open market for a period of 18 months from the date of this announcement.

$TENCENT (00700.HK)$Investing 1.001 billion Hong Kong dollars to repurchase 2.63 million shares at a repurchase price of 377.6 to 382.4 Hong Kong dollars.

$AIA (01299.HK)$Investing 63.5054 million Hong Kong dollars to repurchase 1.15 million shares at a repurchase price of 54.85 to 55.6 Hong Kong dollars.

$CHOW SANG SANG (00116.HK)$ The company plans to exercise the repurchase authorization, with the total amount of shares repurchased not exceeding 0.1 billion Hong Kong dollars.

Focus on hotspots:

• Five departments have jointly issued a notice to improve the policy of downtown duty-free shops.

According to the policy, the existing six downtown duty-free shops will be subject to the "Interim Measures for the Administration of Downtown Duty-Free Shops". The existing 13 foreign exchange commodity duty-free shops will be transformed into downtown duty-free shops within three months and will begin operations after passing customs acceptance. At the same time, one downtown duty-free shop will be established in each of the eight cities. If the relevant arrangements are completed smoothly, the number of downtown duty-free shops in our country will increase from the existing six to 27.

• In July, China's industrial enterprises above designated size saw a year-on-year increase in profits of 4.1%, with high-tech and consumer goods manufacturing leading the way.

From January to July, the total profits of industrial enterprises above designated size in China reached 4,099.17 billion yuan, a year-on-year increase of 3.6%; the operating income of industrial enterprises above designated size reached 75.93 trillion yuan, a year-on-year increase of 2.9%. Among them, the profits of high-tech manufacturing and consumer goods manufacturing increased by 12.8% and 10.2% respectively compared to the same period last year.

• Chief Investment Officer of Ping An: Optimistic about dividend assets

Deng Bin, Chief Investment Officer of Ping An, said that he is optimistic about dividend assets and that the market price of state-owned enterprise stocks does not truly reflect their value. The value of high-dividend stocks does not disappear because of short-term adjustments. Some top-level projects of large state-owned enterprises are healthy, have stable cash flow, and offer high dividends. We would be at a loss if we don't invest in such companies.

• Goldman Sachs and Morgan Stanley have both lowered their oil price forecasts.

Despite the unresolved geopolitical risks in the Middle East, Wall Street has already begun to feel disappointed about the outlook for crude oil next year. With the increase in global oil supply, both Goldman Sachs and Morgan Stanley have recently lowered their oil price forecasts. Currently, these two banks predict that the average price of Brent crude oil in 2025 will be less than $80 per barrel: Goldman Sachs has lowered its 2025 average price forecast for Brent crude oil to $77 per barrel, while Morgan Stanley expects it to be between $75 and $78 per barrel. At the same time, both companies predict that the global oil market will be oversupplied, and oil prices will trend downward over the next 12 months.

• OpenAI may launch a new artificial intelligence product called 'Strawberry' this fall.

As OpenAI raises more funds, its researchers are trying to launch a new AI product, codenamed 'Strawberry', as part of its chatbot offering, possibly within ChatGPT. Researchers involved in this project said that 'Strawberry' 'can solve math problems it has never seen before and that current chatbots cannot handle, and it has also been trained to solve programming-related issues.'

At the close of the night session of July 27th,

As of August 28th,$HSI Futures Current Contract (HSIcurrent.HK)$ the Hang Seng Index closed at 17871 points, down 42 points or 0.234%, with a low of 4 points. The total number of open positions was 53531 contracts, a decrease of 58071 contracts; the net open positions were 24132 contracts, a decrease of 9922 contracts.

Hang Seng Index Bull & Bear Certificates

As of August 28th, the latest bull-bear street ratio of the Hang Seng Index is 53:47.

According to the data in the distribution chart of bull-bear certificates on the Hang Seng Index, the heavy bearish area is in the range of 18,000-18,099, with the latest number of bearish certificates in this range being 1,142, an increase of 202 compared to the previous trading day; the most significant increase in the same range.

The heavy bullish area for bull certificates is in the range of 17,400-17,499, with the latest number of bull certificates in this range being 788, an increase of 146 compared to the previous trading day; the most significant increase in the same range.

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