On March 14, Gelonghui announced that CHINAHONGQIAO (01378.HK) reported its full-year performance for the year ending December 31, 2024, with revenue increasing approximately 16.9% year-on-year to around 156.169 billion yuan; the Net income attributable to shareholders increased approximately 95.2% year-on-year to around 22.372 billion yuan; basic earnings per share increased approximately 95.2% year-on-year, reaching about 2.3611 yuan per share; a final dividend of 102 Hong Kong cents per share is proposed, along with a mid-year dividend of 59 Hong Kong cents per share distributed in 2024, totaling a cumulative dividend of 161 Hong Kong cents per share for 2024 (2023 annual: 63 Hong Kong cents per share).
During the year, the Group focused on achieving high-quality development as the main line, adhering to long-termism and innovative breakthroughs, promoting management towards precision, industry towards intelligence, Energy towards greenness, and structure towards optimization, continuously accumulating new quality productivity and developing new driving forces. While consolidating and enhancing the advantages of traditional industries, an orderly advancement of the new energy system construction was promoted, actively implementing comprehensive digital empowerment, vigorously cultivating downstream XINXINGCHANYE, significantly improving the quality and efficiency of enterprise development, and enabling enterprises to continuously advance to the high end of the Industry Chain.
At the same time, the Group firmly believes that creating a sustainable industrial cluster is more beneficial for the entire Industry to achieve a leap forward. Therefore, with the philosophy of openness, sharing, and win-win, it takes the responsibility of promoting the development and progress of the Industry. The Group actively plays the role of industry leader and incubator, striving to drive every business partner in the chain and build an efficient and collaborative green industrial ecosystem.
Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
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