Important announcements in Hong Kong stocks today:

1) Company News

$CHOW TAI FOOK (01929.HK)$: Announced the interim results for the six months ending September 30, 2024, with revenue of 39.408 billion HKD, a year-on-year decrease of 20.43%; net income of 2.53 billion HKD, a year-on-year decrease of 44.4%.

The announcement states that the consumer demand in the main market was dragged down by external macroeconomic factors and significant fluctuations in gold prices. Revenue in mainland china dropped by 18.8%.

$LUK FOOK HOLD (00590.HK)$: Announced the results for the six months ending September 30, 2024, with revenue of 5.45 billion HKD, a year-on-year decrease of 27.2%; net income of 0.434 billion HKD, a year-on-year decrease of 53.9%.

The announcement states that the decrease in revenue is mainly due to the decline in gold product sales caused by new highs in gold prices during the period, and that the gold hedging turned from a revenue of 55 million HKD last year to a loss of 0.23 billion HKD during the period. A net decrease of 175 stores globally during the period.

$PKU RESOURCES (00618.HK)$: A profit warning has been issued, expecting a mid-term loss of approximately 1.2 billion to 1.5 billion yuan. This is mainly due to a decrease in the delivered area of property development projects and the need to account for substantial inventory impairment provisions due to the ongoing slump in the real estate market.

$ZHIHU-W (02390.HK)$: In the third quarter, total revenue was 0.845 billion yuan, with gross margin increasing to 63.9%. Net loss was 9 million yuan, a year-on-year narrowing of 96.8%; average monthly active users were 81.1 million, with an average monthly subscription membership of 16.5 million.

$BAY AREA DEV (00737.HK)$: In October, the total toll revenue for the Guangzhou-Shenzhen Expressway, the Guangzhou-Zhuhai West Line Expressway, and the Jiang River Expressway (Shenzhen section) was approximately 0.209 billion yuan, 84.794 million yuan, and 62.466 million yuan respectively, a year-on-year decrease of 6%, a decrease of 14%, and an increase of 25%.

$SHIMAO GROUP (00813.HK)$: A hearing is scheduled to be held on January 16, 2025.

$SH ELECTRIC (02727.HK)$: Planning to publicly list the transfer of 100% equity of Suning Company to focus on independent research and development of core equipment and product technology.

2) Buyback and financing dynamics.

$UBTECH ROBOTICS (09880.HK)$: Completed the allocation of 7 million shares, raising approximately 0.552 billion HKD.

$TENCENT (00700.HK)$: Invested 0.703 billion HKD to buy back 1.78 million shares, with a buyback price of 392.2-399 HKD.

$KUAISHOU-W (01024.HK)$: Invested 37.1916 million HK dollars to repurchase 0.8 million shares, with a repurchase price of 46.2-46.8 HK dollars.

$COSCO SHIP HOLD (01919.HK)$: Invested 27.7214 million HK dollars to repurchase 2.5 million shares, with a repurchase price of 11-11.36 HK dollars.

$CSPC PHARMA (01093.HK)$: Invested 29.5734 million HK dollars to repurchase 5.8 million shares, with a repurchase price of 5.06-5.17 HK dollars.

$ANTA SPORTS (02020.HK)$ : Plans to repurchase 1 billion euros of zero-coupon guaranteed convertible bonds maturing in 2025; plans to issue 1.5 billion euros of zero-coupon guaranteed convertible bonds maturing in 2029.

Editor / jayden