① Tencent's revenue reached 180 billion yuan in the first quarter. What are the highlights of each business? ② New China Life Insurance's original premium income increased by nearly 30% in the first four months. How large is the scale?
The important announcements for Hong Kong Stocks today are as follows:
1) Company News
$TENCENT (00700.HK)$In the first quarter, revenue was 180.022 billion yuan, an increase of 13% year-on-year, exceeding the market expectation of 175.712 billion yuan; net income was 47.821 billion yuan, an increase of 14% year-on-year; adjusted operating profit was 69.32 billion yuan, an increase of 18% year-on-year.
The announcement stated that the revenue of the value-added services business increased by 17% year-on-year to 92.1 billion yuan; The revenue of the Marketing Services business increased by 20% year-on-year to 31.9 billion yuan; The revenue of the CNI Xiangmi Lake Fintech Index and enterprise services business increased by 5% year-on-year to 54.9 billion yuan; Capital expenditures of 23 billion yuan were mainly used for AI-related businesses.
$HENGRUI PHARMA (01276.HK)$ Starting from May 15, the subscription period begins, with an offer price of HKD 41.45 to 44.05 per share.
Jiangsu Hengrui Pharmaceuticals announced that the company plans to globally offer approximately 0.225 billion H shares (subject to adjustments in the offering size and the exercise of the over-allotment option). The offering in Hong Kong comprises 12.3486 million shares, with about 0.212 billion shares for international offering; the subscription period is from May 15 to May 20, 2025, with pricing expected on May 21. The offering price per share ranges from HKD 41.45 to HKD 44.05, with a trading unit of 200 shares. Morgan Stanley, Citigroup, and Huatai International are joint sponsors; shares are expected to start trading on the Hong Kong Stock Exchange on May 23, 2025.
$NCI (01336.HK)$ For the first four months, the cumulative original insurance premium income reached 85.3791 billion yuan, a year-on-year increase of 27%.
$CHINA VANKE (02202.HK)$The company's largest shareholder, Shenzhen Metro Group, plans to provide a loan to the company, with the loan amount not exceeding 1.552 billion yuan.
The announcement stated that the loan is used to repay the principal and interest of the bonds issued by the company in the public market. The loan term is 36 months, with an interest rate equal to the one-year loan market quotation rate (LPR) minus 76 basis points prior to the loan drawdown date.
$SINO-OCEAN GP (03377.HK)$For the first four months, the cumulative contract sales amounted to 8.09 billion yuan, a year-on-year increase of 13.62%, with sales in April reaching 2.81 billion yuan, a year-on-year increase of 0.36%.
$GANGLONG CHINA (06968.HK)$From January to April, the cumulative contract sales were 1.804 billion yuan, a year-on-year decrease of 0.3%.
$PHOENIX TV (02008.HK)$：$Phoenix New Media (FENG.US)$In the first quarter, total revenue was 0.155 billion yuan, a year-on-year increase of 1.45%; net loss was 29.726 million yuan, a year-on-year increase of 14.27%.
$LVGEM CHINA (00095.HK)$The liquidation hearing has been further postponed to July 9.
2) Changes in Shareholding, Repurchase Dynamics.
$CHINA EAST AIR (00670.HK)$From February 14 to May 13, a total reduction of 28.67834 million shares was made by Junyao Group, and the reduction plan has been completed.
$SINOPEC CORP (00386.HK)$：获$China Petroleum & Chemical Corporation (600028.SH)$The group has increased its shareholding by approximately 0.302 billion H shares. China Petroleum & Chemical Corporation and its concert parties will continue to increase their shareholding in the company according to the shareholding plan.
$HSBC HOLDINGS (00005.HK)$Spent 0.27 billion HKD to repurchase 3.0076 million shares, with a repurchase price of 89.15-89.85 HKD.
$AIA (01299.HK)$Spent 0.172 billion HKD to repurchase 2.6778 million shares, with a repurchase price of 62.35-64.95 HKD.
$TIMES ELECTRIC (03898.HK)$Spent approximately 14.921 million HKD to repurchase 0.4498 million shares, with a repurchase price of 31.08-33.17 HKD.
$SWIRE PACIFIC A (00019.HK)$Spent approximately 21.6797 million HKD to repurchase 0.31 million shares, with a repurchase price of 69.65-70 HKD.
Editor/lambor
