Important announcements in Hong Kong stocks today:
1) Company News
$KUAISHOU-W (01024.HK)$In the third quarter, revenue was approximately 31.131 billion yuan, a year-on-year increase of 11.4%. Profit for the period reached 3.27 billion yuan, a year-on-year increase of 49.9%. Adjusted net profit was 3.948 billion yuan, a year-on-year increase of 24.4%.
During the period, online marketing services revenue increased by 20.0%, live broadcasting business revenue was 9.3 billion yuan, a decrease of 3.9% year-on-year, and other service revenue increased by 17.5% to 4.2 billion yuan. The average daily and monthly active users in the third quarter reached 0.408 billion and 0.714 billion, respectively, with year-on-year increases of 5.4% and 4.3%. The total usage time of Kuaishou application increased by 7.3% year-on-year.
$NIO-SW (09866.HK)$Total revenue in the third quarter was 18.674 billion yuan, an increase of 7.04% compared to the previous quarter. Gross profit was 2.007 billion yuan, a year-on-year increase of 31.78%. Auto sales amounted to 16.6976 billion yuan, a quarter-on-quarter growth of 6.5%, with an auto gross margin of 13.1%.
In the third quarter of 2024, the company's autos delivery volume reached 61,855 units, including 61,023 units of NIO brand high-end smart electric autos and 832 units of LeDao brand family smart electric autos, representing an 11.6% increase from the third quarter of 2023 and a 7.8% increase from the second quarter of 2024.
$GTJA (02611.HK)$ 、 $HAITONG SEC (06837.HK)$ : The proposed merger and share swap has been approved by the State-owned Assets Supervision and Administration Commission of Shanghai.
gtja stated that the implementation of this transaction is still subject to further review and approval by both boards of directors, approval by both shareholder meetings, and approvals, registrations, or consents from the relevant regulatory authorities. The uncertainty remains regarding the implementation.
$ALI PICTURES (01060.HK)$: The interim results for the six months ending September 30, 2024, show revenue of approximately 3.051 billion yuan, an increase of 17% year-on-year; adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of approximately 0.642 billion yuan, an increase of 39% year-on-year.
$ASIA STANDARD (00129.HK)$The expected interim performance loss for the period ending September 30, 2024, is between 0.35 billion HKD and 0.42 billion HKD.
$CHINA MOBILE (00941.HK)$As of October, the total number of mobile business customers is 1.004 billion; the net increase in customers this month is 0.3 million, and the cumulative net increase in customers this year is 13.277 million.
$CHINA TELECOM (00728.HK)$In October, the number of mobile users is approximately 0.423 billion, with a net increase of 0.76 million users for the month and a cumulative net increase of 15.66 million users for the year.
$SOLARTECH INT'L (01166.HK)$It is proposed to sell 100% equity of Dongguan Huayi Copper Industry for 70 million yuan.
$LAEKNA-B (02105.HK)$:已与$Eli Lilly and Co (LLY.US)$公司(礼来)( NYSE:LLY )签订一项临床合作协议,旨在支持和加速LAE102针对肥胖症治疗的全球临床开发。礼来将负责在美国执行一项I期研究并承担相关费用,公司保留LAE102的全球权益。
$IDREAMSKY (01119.HK)$:深圳创梦天地与腾讯云在游戏AI领域达成战略合作,成立联合创新实验室。
$YUANHENG GAS (00332.HK)$:发布盈警,预计中期综合亏损约0.117 billion元
2) Repurchase Dynamics
$TENCENT (00700.HK)$Invested approximately 0.701 billion HKD to repurchase 1.71 million shares at a buyback price of 406.6-413.4 HKD.
$AIA (01299.HK)$Invested 0.404 billion HKD to repurchase 7.016 million shares at a buyback price of 57.2-58 HKD.
$HSBC HOLDINGS (00005.HK)$Invested 28.5374 million HKD to repurchase 0.4 million shares at a buyback price of 71.15-71.55 HKD.
$SINOPEC CORP (00386.HK)$Invested 21.001 million HKD to repurchase 5 million shares at a buyback price of 4.16-4.22 HKD.
$BABA-W (09988.HK)$: Spent 39.9922 million USD to repurchase 3.6664 million shares, with a repurchase price of 10.85-10.99 USD.
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