Important announcements from the Hong Kong stock market today:

1) Performance Express

$CHINA UNICOM (00762.HK)$In 2024, revenue reached 389.6 billion yuan, an increase of 4.6% year-on-year; net income was 20.6 billion yuan, up 10.1% from the previous year.

During the period, the user scale reached a new high, with mobile and broadband users reaching 0.47 billion, an increase of 19.52 million; the number of Internet of Things connections exceeded 0.62 billion, with a net increase of 0.13 billion; Vehicle Networking connections reached 76 million, maintaining the industry's top position.

In addition, China United Network Communications' cloud revenue was 68.6 billion yuan, an increase of 17.1% year-on-year; Datacenter revenue was 25.9 billion yuan, up 7.4% year-on-year. The smart computing business drove strong growth in computing power services, with contract amounts exceeding 26 billion yuan last year. The company's total capital expenditure for the year was 61.37 billion yuan, down 17% year-on-year, of which computing power investment rose by 19% year-on-year.

$XIAOMI-W (01810.HK)$In 2024, total revenue was 365.906 billion yuan, a historic high, with a year-on-year increase of 35.0%; net income was 23.658 billion yuan, a year-on-year growth of 35.38%. Among them, the revenue from the mobile × AIoT segment was 333.2 billion yuan, a year-on-year increase of 22.9%, while revenue from innovative business segments such as smart electric vehicles was 32.8 billion yuan.

The announcement stated that during the period, the group actively repurchased shares in the open market, with a stock buyback amount of HKD 3.7 billion for 2024, or 0.2492 billion shares. Additionally, for the fourth quarter of 2024, revenue was approximately 109.005 billion yuan, an increase of 48.8% year-on-year. Adjusted Net income was approximately 8.316 billion yuan, up 69.4% year-on-year.

$BEKE-W (02423.HK)$The total Net income for 2024 was 93.457 billion yuan, an increase of 20.16% year-on-year; Net income was 4.065 billion yuan, a decrease of 30.91% year-on-year. In the fourth quarter, total revenue reached 31.125 billion yuan, an increase of 54.05% year-on-year; Net income was 0.57 billion yuan, a decrease of 14.88% year-on-year. As of December 31, 2024, the number of active stores was 49,693, an increase of 18.3%; the number of active brokers reached 0.4453 million, a growth of 12.1%.

$SINOPEC SSC (01033.HK)$For 2024, revenue was 81.096 billion yuan, an increase of 1.39% year-on-year; Net income was 0.621 billion yuan, an increase of 7.73% year-on-year. During the period, the company signed new contracts worth 91.2 billion yuan, a year-on-year increase of 10.7%, achieving the best historical performance.

$XPENG-W (09868.HK)$For the entire year of 2024, the delivery volume of Autos reached 190,068 units, an increase of 34.2% year-on-year; total revenue reached 40.87 billion yuan, an increase of 33.2% year-on-year; the net loss was 5.79 billion yuan, narrowing by 44.19% year-on-year.

The announcement stated that for the fourth quarter of 2024, total revenue was 16.11 billion yuan, increasing by 59.4% quarter-on-quarter and rising 23.4% year-on-year. The quarterly gross margin was 14.4%, up 8.2 percentage points compared to the same period in 2023, with a net loss of 1.33 billion yuan.

Xiaopeng Motors expects that in the first quarter of 2025, the number of vehicle deliveries will be between 91,000 and 93,000 units, an increase of approximately 317.0% to 326.2% year-on-year. Total revenue will be between 15 billion yuan and 15.7 billion yuan, an increase of approximately 129.1% to 139.8% year-on-year.

$FUYAO GLASS (03606.HK)$ In 2024, it is expected to achieve revenue of approximately 39.252 billion yuan, a year-on-year increase of 18.37%. Net income is expected to be 7.497 billion yuan, a year-on-year increase of 33.20%.

$TME-SW (01698.HK)$In 2024, total revenue is expected to be 28.401 billion yuan, a year-on-year increase of 2.34%; net income is expected to be 6.644 billion yuan, a year-on-year increase of 35.04%.

$HKELECTRIC-SS (02638.HK)$In 2024, revenue is expected to be 12.057 billion HKD, a year-on-year increase of 5.7%; net income is expected to be 3.111 billion HKD, a year-on-year decrease of 1.43%.

$CALC (01848.HK)$In 2024, total revenue reached 5.204 billion HKD, an increase of 9.2% year-on-year; Net income was 0.258 billion HKD, a year-on-year increase of 809.9%.

$MEITU (01357.HK)$In 2024, revenue was approximately 3.341 billion yuan, up 23.9% year-on-year; Adjusted net income was 0.586 billion yuan, an increase of 59.2% year-on-year.

The announcement stated that in December 2024, MAU reached approximately 0.266 billion, a year-on-year increase of 6.7%. In terms of productivity tools, the AI-driven design studio of MEITU generated about 0.2 billion yuan in revenue in 2024, doubling year-on-year.

$CHINA LIT (00772.HK)$In 2024, revenue was approximately 8.121 billion yuan, a year-on-year growth of 15.8%; losses were about 0.209 billion yuan, shifting from profit to loss year-on-year. The announcement noted that during this period, the average monthly active users of self-owned platform products and self-operated channels decreased by 19.0% year-on-year to 0.1666 billion.

$ZTO EXPRESS-W (02057.HK)$ In 2024, adjusted net income was 10.15 billion, with Q4 parcel growth nearing 50%.

ZTO Express announced the Q4 2024 and 2024 annual performance, with revenues in Q4 2024 at 12.92 billion yuan (RMB, the same below), a year-on-year increase of 21.7%; Net income of 2.447 billion yuan, a year-on-year increase of 10.7%; Basic net income per American Depositary Share is 2.97 yuan.

For the entire year of 2024, revenue is 44.281 billion yuan, a year-on-year increase of 15.3%; Net income is 8.888 billion yuan, a year-on-year increase of 1.5%; Basic net income per American Depositary Share is 10.95 yuan; A mid-term dividend of 0.35 USD per American Depositary Share and common share is proposed.

The Earnings Reports indicate that ZTO completed a business volume of 34 billion parcels in 2024, a year-on-year increase of 12.6%, with the growth rate of the piece business volume in the fourth quarter approaching 50%, far exceeding the overall business volume growth rate; The reverse orders in parcel business doubled compared to last year. Combined with the continuously optimized operating cost efficiency and stable management expense advantages, ZTO achieved an adjusted net income of 10.15 billion yuan for the year, a year-on-year increase of 12.7%.

$GD-HKGBA HLDGS (01396.HK)$: It is expected to incur a loss of 1.6 billion yuan in 2024, a year-on-year increase. This is mainly due to the continuing decline in the real estate market during the period.

$HELENS (09869.HK)$ : It is expected that the company's loss attributable to owners for the fiscal year 2024 will be approximately between 60 million and 90 million yuan.

HISENSE HA announced that it expects the group's revenue for the fiscal year ending December 31, 2024, to be in the range of approximately 0.73 billion yuan to 0.78 billion yuan, while the group's revenue for the fiscal year 2023 was approximately 1.21 billion yuan. The decline in revenue for 2024 is mainly due to weak performance in the consumption market, and in order to adapt to changes in the external environment, the group actively optimizes and adjusts the direct tavern network around the strategy of platform transformation, vigorously develops the "Hi Beer Partners" tavern network, which resulted in a decrease in direct business revenue, while revenue from franchise business increased. As of March 18, 2025, the total number of group stores has increased to 579.

$SINGAMAS CONT (00716.HK)$In 2024, the total revenue will be 0.583 billion USD, a year-on-year increase of 52.4%; net income will be 34.135 million USD, a year-on-year increase of 75.6%.

$WANDA HOTEL DEV (00169.HK)$It is expected that the net loss for 2024 will be approximately 0.95 billion to -1.05 billion HKD, a transition from profit to loss year-on-year.

$DMALL (02586.HK)$In 2024, the revenue from continuing operations is expected to be approximately 1.859 billion yuan, a year-on-year increase of 17.3%; the net loss is expected to be approximately 2.195 billion yuan, a year-on-year increase of about 2.7 times.

$CHANGJIU HLDGS (06959.HK)$It is expected that the annual net income will be approximately 0.161 billion to 0.163 billion yuan, a year-on-year increase of about 57.4% to 59.3%.

$LUZHU BIOTECH-B (02480.HK)$In 2024, obtained other income of 21.387 million yuan, a year-on-year increase of 6.5%; R&D expenditure of 0.135 billion yuan, a year-on-year decrease of 21.7%; pre-tax loss of 0.168 billion yuan, a year-on-year decrease of 32.5%.

2) Company news

$ANHUIEXPRESSWAY (00995.HK)$Plans to subscribe for 38.1792 million shares of Shenzhen Expressway Corporation at 0.503 billion yuan.

$HISENSE HA (00921.HK)$From February 27, 2025, to March 18, 2025, plan to subscribe to Jin Gu Trust financial products with an amount of 2.61 billion yuan.

$FUYAO GLASS (03606.HK)$ Plans to invest an additional 0.4 billion USD in FUYAO GLASS USA to build an automotive grade float glass production line project.

3) Buyback dynamics

$HSBC HOLDINGS (00005.HK)$Invested 0.262 billion HKD to repurchase 2.9768 million shares, with a buyback price of 87.3-88.25 HKD.

$SWIRE PACIFIC A (00019.HK)$Invested 40.0598 million HKD to repurchase 0.575 million shares, with a buyback price of 68.05-69.95 HKD per share.

$SINOPEC SEG (02386.HK)$Invested approximately 9.1704 million HKD to repurchase 1.623 million shares, with a buyback price of 5.6-5.7 HKD.

Editor/Rocky