Important announcements from the Hong Kong stock market today:

1) Performance Express

$CHINA TELECOM (00728.HK)$In 2024, operating revenue amounted to 529.417 billion yuan, an increase of 3.1% year-on-year; net income was 33.012 billion yuan, an increase of 8.43% year-on-year.

The announcement states that during the period, the company's mobile communication service revenue reached 202.5 billion yuan, a year-on-year increase of 3.5%. The number of mobile users reached 0.425 billion, and the mobile user ARPU was 45.6 yuan; the industrial digitalization revenue reached 146.6 billion yuan, a year-on-year increase of 5.5%, accounting for 30.4% of service revenue; IDC revenue reached 33 billion yuan, a year-on-year increase of 7.3%; security revenue reached 16.2 billion yuan, a year-on-year increase of 17.2%; intelligent revenue reached 8.9 billion yuan, a year-on-year increase of 195.7%.

$CM BANK (03968.HK)$ In 2024, net operating income was 337.121 billion yuan, a decrease of 0.58% year-on-year; net income was 148.391 billion yuan, an increase of 1.22% year-on-year.

$WH GROUP (00288.HK)$: In 2024, revenue is 25.941 billion dollars, a year-on-year decrease of 1.12%; net income is 1.612 billion dollars, a year-on-year increase of 156.28%.

The announcement states that in 2024, the group's meat product sales decreased by 3.0% to 3.1 million tons. In China, sales decreased by 6.1%. The main reason for the decline is insufficient effective market demand.

$KUAISHOU-W (01024.HK)$In 2024, the revenue was 126.898 billion yuan, an increase of 11.8% year-on-year; the net income was 15.335 billion yuan, an increase of 139.76% year-on-year. In the fourth quarter of 2024, the adjusted net income grew by 7.8% year-on-year, and the cumulative revenue of AI exceeded 0.1 billion yuan, with the average daily active users remaining above 0.4 billion.

$CHINA CINDA (01359.HK)$: In 2024, total revenue is approximately 73.04 billion yuan, a year-on-year decrease of 4.11%; net income is 3.0364 billion yuan, a year-on-year decrease of 47.84%.

$CHINA JINMAO (00817.HK)$: In 2024, revenue reached 59.053 billion yuan, with net income approximately 1.065 billion yuan. This is mainly due to the continuous strengthening of lean management and the full promotion of cost control and efficiency improvement, resulting in a decrease in management expenses, sales and marketing expenses, and financing costs for this year.

$NONGFU SPRING (09633.HK)$In 2024, revenue reached 42.896 billion yuan, an increase of 0.54% year-on-year; net income was 12.123 billion yuan, an increase of 0.36% year-on-year.

$SHENZHOU INTL (02313.HK)$In 2024, revenue was 28.663 billion yuan, a year-on-year increase of 14.8%; net income was 6.2406 billion yuan, a year-on-year increase of 36.9%. During the period, the gross margin improved by 3.8 percentage points compared to the previous year to 28.1%.

$WULING MOTORS (00305.HK)$In 2024, the net profit attributable to shareholders soared by 115.6%, with the "Lingshi Project" leading the way in starting a new growth journey.

$SINOTRANS (00598.HK)$In 2024, revenue was approximately 105.621 billion yuan, a year-on-year increase of 3.79%; net income was approximately 3.918 billion yuan, a year-on-year decrease of 7.05%. This was mainly due to sluggish market demand, intensified competition, and clients strengthening their control over logistics costs.

$CHINA OILFIELD (02883.HK)$In 2024, revenue reached 48.302 billion yuan, an increase of 9.51% year-on-year; net income amounted to 3.137 billion yuan, an increase of 4.11% year-on-year.

$ONEWO (02602.HK)$In 2024, total revenue was 36.224 billion yuan, a year-on-year growth of 9.2%; net income was 1.15 billion yuan, a year-on-year decrease of 41.19%.

$CGN NEW ENERGY (01811.HK)$Revenue was 1.951 billion US dollars, a year-on-year decrease of 11.02%; net income was 0.248 billion US dollars, a year-on-year decrease of 7.35%.

$WUXI BIO (02269.HK)$In 2024, revenue was 18.6754 billion yuan, a year-on-year growth of 9.6%; adjusted net income was 4.784 billion yuan, a year-on-year growth of 1.8%. During the period, 151 new comprehensive projects were added, bringing the total number of comprehensive projects to 817 as of December 31, 2024.

$YIHAI INTL (01579.HK)$: In 2024, revenue is 6.54 billion yuan, an increase of 6.4% year-on-year; net income is 0.739 billion yuan, a decrease of 13.28% year-on-year.

$KINETIC DEV (01277.HK)$: In 2024, total revenue is 5.656 billion yuan, an increase of 19.2% year-on-year; net income is 2.11 billion yuan, an increase of 1.54% year-on-year.

$SHUN TAK HOLD (00242.HK)$: In 2024, revenue is approximately 4.546 billion Hong Kong dollars, an increase of 11.74% year-on-year; comprehensive loss is 0.824 billion Hong Kong dollars, year-on-year increase of 21.76%.

$BINJIANG SER (03316.HK)$: In 2024, performance revenue is approximately 3.595 billion yuan, an increase of 28% year-on-year; net income is 0.5465 billion yuan, an increase of 11% year-on-year. As of December 31, 2024, the group's managed area reaches 67.9 million square meters, an increase of approximately 23.9%.

$CHU KONG SHIP (00560.HK)$In 2024, the total revenue is approximately HKD 2.716 billion, up 6.4% year-on-year; net income is approximately HKD 0.117 billion, up 2.6% year-on-year.

$CONCH MAT TECH (02560.HK)$In 2024, revenue is 2.384 billion yuan, down 0.5% year-on-year; net income is 0.126 billion yuan, up 7.43% year-on-year.

$LAUNCH TECH (02488.HK)$In 2024, operating revenue is approximately 1.882 billion yuan, an increase of 17.75% year-on-year; net income is approximately 0.3395 billion yuan, an increase of 101% year-on-year.

$MING YUAN CLOUD (00909.HK)$In 2024, revenue is 1.435 billion yuan, down 12.5% year-on-year; net loss is 0.19 billion yuan, down 67.63% year-on-year.

$LINKLOGIS-W (09959.HK)$: In 2024, revenue and earnings reached 1.031 billion yuan, a year-on-year increase of 19%.

$GREENLAND HK (00337.HK)$: It is expected that the net loss for 2024 will be between approximately 1.8 billion yuan and 2.1 billion yuan.

2) Company news

$AINNOVATION (02121.HK)$Announced that the company recently signed a strategic cooperation agreement with BENTLEY Software (Beijing) Co., Ltd. Both parties will establish a strategic partnership to explore the application of AI large model technology in the field of engineering software.

$XIAOMI-W (01810.HK)$Plans to allocate 0.8 billion shares in a way that prioritizes old shares over new ones, raising approximately 42.5 billion Hong Kong dollars to accelerate business expansion and research and development.

$HENLIUS (02696.HK)$The clinical trial application for HLX79 injection (human salivary acid enzyme fusion protein) combined with HENLIUS (Rituximab injection) for the treatment of active glomerulonephritis has been approved by the National Medical Products Administration (NMPA).

$SKB BIO-B (06990.HK)$On March 25, notified by the national drug review center of the National Medical Products Administration regarding the approval of the clinical trial application for SKB107 new drug.

The announcement states that SKB107 is a new type of RDC drug developed jointly by the company and the Nuclear Medicine Department of Southwest Medical University, which uses small molecules as targeting ligands, combined with appropriate linking technologies, chelating agents, and therapeutic radioactive isotopes, intended for the treatment of advanced solid tumor bone metastases.

3) Buyback dynamics

$TENCENT (00700.HK)$On March 25, it invested 0.5 billion HKD to repurchase 0.989 million shares. The repurchase price was between 501.5-515 HKD.

$HSBC HOLDINGS (00005.HK)$It invested 0.186 billion HKD to repurchase 2.0932 million shares. The repurchase price was between 84.48-89.99 HKD.

$SINOPEC CORP (00386.HK)$It invested 38.909 million HKD to repurchase 9.5 million shares. The repurchase price was between 4.09-4.11 HKD.

$AAC TECH (02018.HK)$It invested 23.3071 million HKD to repurchase 0.4865 million shares, with the repurchase price between 46.3-50.1 HKD.

$SWIRE PACIFIC A (00019.HK)$Invested HKD 17.316 million to repurchase 0.25 million shares. The repurchase price is HKD 10.76-10.86.

Editor/danial