A selection of major announcements

1. Tencent Music-SW released third quarter results, net profit of 1.26 billion yuan, up 15.6% year on year

$TME-SW (01698.HK)$Total revenue for the third quarter was RMB 6.57 billion (same unit), down 10.8% year on year, and net profit was $1.26 billion, up 15.6% year on year. Net profit attributable to equity holders of the company was 1.17 billion yuan, an increase of 10.1% over the previous year. Online music service revenue increased 32.7% year over year during the period, with music subscription revenue increasing 42.0% year over year. The number of online music paying users increased 20.8% year-on-year to 103 million, and the average monthly revenue of a single paid user reached 10.3 yuan, achieving six consecutive quarters of growth.

2. Aobo Holdings' total net revenue for the first three quarters was HK$15.23 billion, up 195.3% year on year

$SJM HOLDINGS (00880.HK)$The results for the first three quarters of 2023 were announced, with total net income of HK$15.23 billion, up 195.3% year on year; net gaming revenue of HK$14.108 billion, up 198.6% year on year; loss attributable to company owners of HK$1,674 million, narrowing 64% year on year; and adjusted EBITDA of HK$1,027 million, negative HK$2.144 billion in the first nine months of 2022.

3. China Gold International: Net loss of US$30.8 million in the third quarter

$CHINAGOLDINTL (02099.HK)$According to the announcement, in the third quarter of 2023, revenue decreased by 76% year on year to US$62.3 million; mine operating loss was US$14.3 million, a decrease of US$90 million compared to mine operating profit of US$75.7 million in the same period in 2022; and net loss was US$30.8 million, a decrease of US$54.2 million compared to net profit of US$23.4 million in the same period in 2022. Gold production decreased 40% to 331,100 ounces from 547.73 million ounces in the same period in 2022. As a result of the termination of production at the Jiama mine in the third quarter, its copper production was zero. Copper production for the same period in 2022 was 46.9 million pounds (about 21.25 million tons).

4. China Power's subsidiary won a contract for the supply of battery energy storage systems of RMB 95.17 million

$CHINA POWER (02380.HK)$It was announced that on November 14, 2023, Xinyuan Smart Storage (a subsidiary of the company not wholly owned by the company), as a supplier, signed a BESS contract with Xuzhou Company, an indirect subsidiary of China Power Investment Corporation. According to this, Xinyuan Smart Storage will act as an energy storage system integrator to provide a fully integrated energy storage system for the Jiawang project, including equipment supply, technical services and quality services, at a cost of RMB 95,165 million.

5. Corning Jerry Pharmaceuticals-B: The mid-term analysis of KN046-303 found no new safety signals

$ALPHAMAB-B (09966.HK)$According to the announcement, the company was notified by the Independent Data Monitoring Commission (iDMC) on November 14, 2023. The mid-term analysis of KN046-303 (data cut-off date: August 31, 2023) found no new safety signals. IDMC recommended continuing the study and collecting further OS data until the final OS analysis.

Earnings Report

$TME-SW (01698.HK)$Net profit for the third quarter was 1.26 billion yuan, up 15.6% year on year

$BOSS ZHIPIN-W (02076.HK)$Adjusted net profit for the third quarter surged by 89.6%, and total revenue for the fourth quarter is expected to increase by 39.6% to 43.3%

$SUNART RETAIL (06808.HK)$Mid-term product sales revenue of 34.225 billion yuan decreased by 12.4% year-on-year

$SJM HOLDINGS (00880.HK)$Total net revenue for the first three quarters was HK$15.23 billion, up 195.3% year over year

$CHINAGOLDINTL (02099.HK)$Net loss of $30.8 million for the third quarter

Investment and operation

$MCC (01618.HK)$The amount of new contracts signed in January-October was 1081.82 billion yuan, up 3.1% year on year

$CHINA POWER (02380.HK)$The subsidiary won a contract for the supply of battery energy storage systems of RMB 95.17 million

$CIMC (02039.HK)$Signed a partnership agreement relating to the Shenzhen New Energy Storage Industry Equity Fund

$ALPHAMAB-B (09966.HK)$: The mid-term analysis of KN046-303 did not find any new safety signals

$FIRST TRACTOR (00038.HK)$Since November 2022, it has received a total of 61.44 million yuan in government subsidies

$MAANSHAN IRON (00323.HK)$: Ma Steel Wharton commences judicial restructuring process

$WEILONG (09985.HK)$A new konjac product, “Little Witch,” was also launched in October

Equity incentives

$ALI PICTURES (01060.HK)$A total of 19.44 million reward shares were granted

$ZIJIN MINING (02899.HK)$It is proposed to implement the 2023 employee stock ownership plan to raise no more than $354 million

Repurchase cancellation

$FLOWING CLOUD (06610.HK)$: It is intended to repurchase shares with a total purchase price of up to HK$70 million on the open market

$UNITEDENERGY GP (00467.HK)$Repurchase of 236 million shares at a cost of HK$206 million on November 14

$AIA (01299.HK)$Repurchase of 1,885,800 shares at a cost of HK$135 million on November 14

$YUM CHINA (09987.HK)$On November 13, it spent about 14 million US dollars to buy back 315,000 shares

$HSBC HOLDINGS (00005.HK)$On November 13, 1.131,600 shares were repurchased at a cost of HK$65.114,800

$BEKE-W (02423.HK)$On November 13, 1,49,700 shares were repurchased at a cost of 7.3967 million US dollars

$SINOPEC CORP (00386.HK)$Repurchase of 6.296,000 shares at a cost of HK$256.612 million on November 14

$CHINA LONGYUAN (00916.HK)$On November 14, 2.59 million shares were repurchased at a cost of HK$16.45 million

$COSCO SHIP HOLD (01919.HK)$On November 14, it spent 14.4577 million yuan to repurchase 1,489,900 A-shares

$ESR (01821.HK)$On November 14, 1.17 million shares were repurchased at a cost of HK$11.72 million

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