①Bilibili's revenue in 2025 exceeds 30 billion yuan, what is the profitability? ②Hutchmed’s annual net profit increased more than 11 times year-over-year; what is the scale?
Cailian Press, March 5 (Editor: Feng Yi) Cailian Press brings you today's key announcements for Hong Kong stocks.
1) Earnings Highlights
Bilibili-W (09626.HK): Net revenue of 30.35 billion yuan in 2025, representing a 13% year-over-year increase; net profit of 1.19 billion yuan, adjusted net profit of 2.59 billion yuan, reversing the loss from the previous year.
The announcement stated that as of Q4 2025, the company's daily active users reached 113 million, a 10% year-over-year increase; monthly active users reached 366 million, an 8% year-over-year increase.
SJM Holdings (00880.HK): Total net revenue in 2025 was 28.17 billion Hong Kong dollars, a 2.08% year-over-year decrease; net loss of 429 million Hong Kong dollars, shifting from profit to loss year-over-year.
JD.com-SW (09618.HK): Revenue in 2025 was 1,309.1 billion yuan, a 13% year-over-year increase; annual non-GAAP net profit was 27 billion yuan.
JD Logistics (02618.HK): Revenue in 2025 was 217.147 billion yuan, an 18.8% year-over-year increase; profit of 6.647 billion yuan, a 7.2% year-over-year increase.
JD Health (06618.HK): Revenue in 2025 was 73.441 billion yuan, a 26.3% year-over-year increase; net profit of 5.375 billion yuan, a 29.16% year-over-year increase, mainly due to an increase in the number of users and additional purchases, along with rising online penetration rates for pharmaceuticals and health product sales.
JD Industrial (07618.HK): Revenue in 2025 was 23.952 billion yuan, a 17.4% year-over-year increase; profit of 2.314 billion yuan, a 203.8% year-over-year increase.
Hutchmed (00013.HK): Total revenue in 2025 was 549 million US dollars, a 12.96% year-over-year decrease; net profit of 457 million US dollars, a 1111.03% year-over-year increase.
Yixin Group (02858.HK): The company's revenue in 2025 was RMB 11.56 billion, representing a year-on-year increase of 16.91%; net profit was RMB 1.199 billion, marking a year-on-year increase of 47.98%. The growth was primarily driven by the expansion of Yixin Group's trading platform business and self-operated financing business.
Autohome-S (02518.HK): Total net revenue for 2025 amounted to RMB 6.452 billion, with a net profit attributable to ordinary shareholders of RMB 1.385 billion.
Tangchen Group (00258.HK): It is expected that the net profit after tax for 2025 will increase by approximately 3 to 4 times compared to the same period last year, which was HKD 176.79 million.
Haigang Enterprise (00051.HK): Revenue in 2025 was approximately HKD 1.345 billion, representing a year-on-year decrease of about 0.66%; net loss was HKD 234 million, reflecting an increase of about 2.34 times year-on-year.
Tiantu Investment (01973.HK): Announced a positive profit alert, expecting annual net profit to range between RMB 150 million and RMB 200 million, reversing from a loss to profitability.
Magna Group (03390.HK): It is anticipated that pre-tax profits for the 2025 fiscal year will significantly increase by no less than 200.0%.
Zhongshen Construction Industry (02503.HK): A net loss of RMB 37 million is projected for 2025, mainly due to reduced gross profit margins and increased impairment losses on trade receivables and contract assets.
2) Corporate News
Truly International (00732.HK): Cumulative unaudited consolidated net operating revenue for the first two months amounted to HKD 2.033 billion, representing a year-on-year decrease of approximately 13.3%.
Concord New Energy (00182.HK): Equity-based electricity generation for the first two months totaled 1,648.78 GWh, reflecting a year-on-year increase of 3.57%.
Beijing Automotive (01958.HK): Beijing Benz's revenue in 2025 was EUR 16.72 billion, representing a year-on-year decrease of 23.12%; after-tax profit from continuing operations was EUR 1.5 billion, showing a year-on-year decrease of 38.6%.
MIRXES-B (02629.HK): Successfully secured the bid for the 2026 Lianxi District Gastric Cancer Screening and Early Intervention Project. This marks the company's first public health cancer early screening project and its first government procurement project in China, signifying the official integration of its miRNA liquid biopsy technology into the public health system.
Zhenrong Real Estate (06158.HK): February sales amounted to RMB 303 million, with cumulative contract sales for the first two months reaching RMB 649 million, representing a year-on-year decrease of 7.68%.
Jin Di Commercial Properties (00535.HK): February contract sales totaled RMB 306 million, marking a year-on-year decline of 63.13%.
China Overseas Land & Investment (00688.HK): February contract sales reached RMB 8.464 billion, reflecting a year-on-year decrease of 35.9%.
CITIC Resources (01205.HK): Its subsidiary sold 1.9 million shares of Alcoa Corporation, with the total consideration amounting to approximately USD 119 million.
3) Share Repurchase Updates
SF Holding (06936.HK): Repurchased 1.3641 million A-shares at a cost of RMB 50.0557 million, with repurchase prices ranging from RMB 36.57 to RMB 36.78 per share.
Midea Group (00300.HK): Repurchased 392,700 A-shares at a cost of RMB 29.9926 million, with an average repurchase price of RMB 76.38 per share.
NetEase Cloud Music (09899.HK): Repurchased 103,300 shares at a cost of HKD 14.9929 million, with repurchase prices ranging from HKD 141.6 to HKD 151.1 per share.
Yum China (09987.HK): On March 4, the company repurchased 19,000 shares at a cost of approximately HKD 7.7238 million, with repurchase prices ranging from HKD 404.8 to HKD 409.8 per share.
Jinchuan International (02362.HK): Received an offer from Alternative Liquidity Index, LP to acquire up to 700 million shares.
