Big announcement

1. Baidu Q4's adjusted net profit was 7.755 billion yuan, up 44% year-on-year

$BIDU-SW (09888.HK)$According to the fourth quarter results announced, total revenue for Q4 in 2023 was RMB 34.951 billion, up 6% year on year; net profit was RMB 2,599 billion, down 48% year on year; and adjusted net profit was RMB 7.755 billion, up 44% year on year. Since the fourth quarter of 2023, Baidu's share repurchase amount has been US$318 million, and the cumulative repurchase amount under the 2023 share repurchase plan has reached US$669 million. Baidu App reached 667 million monthly active users in December 2023, an increase of 3% over the previous year.

2. Xiaopeng Motors and Volkswagen Group sign a joint development agreement

$XPENG-W (09868.HK)$It was jointly announced with the Volkswagen Group that, following the relevant announcements of Volkswagen's acquisition of 4.99% of Xiaopeng Motor's shares on July 26, 2023 and December 6, 2023, and the two parties reached a strategic technical cooperation framework agreement, Xiaopeng Motor and Volkswagen Group signed a joint platform and software strategic technical cooperation development agreement (“Joint Development Agreement”), marking a milestone in the strategic cooperation between the two sides. The signing of the joint development agreement will not only accelerate joint research and development of the two B-class pure electric vehicles, but also lay a solid foundation for broader and deeper strategic cooperation between the two sides. As an important part of the joint development agreement, Xiaopeng Motors and Volkswagen have also entered into a joint procurement plan for common parts for both models and platforms.

3. Sun Hung Kai Properties: Net profit for the medium term increased by 8.74% to HK$9.145 billion, with an interim interest rate of HK$0.95 per share

$SHK PPT (00016.HK)$According to the announcement of interim results, for the six months ended 31 December 2023, the company achieved revenue of HK$27.542 billion, up 0.42% year on year; after excluding the impact of changes in the fair value of investment properties, the Group's basic profit attributable to shareholders was HK$8.906 billion, or HK$9.465 billion in the same period last year; profit attributable to shareholders of the company was HK$9.145 billion, up 8.74% year on year; basic profit per share was HK$3.16, with proposed interim interest of HK$0.95 per share.

4. Xinyi Solar Energy: Annual net profit increased 9.6% to HK$4.187.1 billion, final interest rate of HK15 cents per share

$XINYI SOLAR (00968.HK)$According to the announcement, for the year ended 31 December 2023, the company's revenue was HK$26.628.8 billion, up 29.6% year on year; profit attributable to equity holders of the company was HK$4.187.1 billion, up 9.6% year on year; basic earnings per share were HK$47.04 cents, with a proposed final dividend of HK15.0 cents per share.

5. Xinyi Glass: Profit attributable to equity holders increased by 4.6% to HK$5.365 billion in 2023, with a final interest rate of HK37.0 cents

$XINYI GLASS (00868.HK)$According to the announcement, in 2023, the Group's revenue increased slightly by 4.1% to HK$26,798.5 million, and the profit attributable to the company's equity holders during the year increased by 4.6% to HK$5,365.1 million. Over the five-year period including 2023, the Group's sales grew at a compound annual rate of 13.3%. The basic profit per share was HK129.2 cents, and the board of directors recommended a final dividend of HK37.0 cents per share.

Earnings Report

$BIDU-SW (09888.HK)$Adjusted net profit for Q4 was $7.755 billion, up 44% year-on-year

$SHK PPT (00016.HK)$Net profit increased by 8.74% to HK$9.145 billion. Interim dividend of HK$0.95 per share

$XINYI SOLAR (00968.HK)$Annual net profit increased 9.6% to HK$4.187.1 billion with final interest of HK15 cents per share

$XINYI GLASS (00868.HK)$Profit attributable to equity holders increased by 4.6% to HK$5.365 billion with a final interest rate of HK37.0 cents

$HUTCHMED (00013.HK)$Total revenue increased 97% to $838 million in 2023

$XINYI ENERGY (03868.HK)$Annual net profit increased by 2.2% to HK$993 million with final interest of HK2.6 cents per share

$MEDLIVE (02192.HK)$Yingxi: Net profit due to mother is expected to increase to no less than 235 million yuan in fiscal year 2023

$DINGDANG HEALTH (09886.HK)$Performance Forecast: Annual losses are expected to narrow by more than 85% year over year

Company matters

$XPENG-W (09868.HK)$: Signed a strategic technical cooperation joint development agreement and a joint procurement plan with the Volkswagen Group

$SIPAI HEALTH (00314.HK)$Included in the MSCI Global Small Cap Index.

Pharmaceutical Innovation

$CANSINOBIO (06185.HK)$: 13-valent pneumococcal polysaccharide conjugate vaccine (CRM197, TT vector) drug registration application accepted

$SHANDONG XINHUA (00719.HK)$: Obtaining a notice of approval for the marketing application of prednisone as a chemical raw material

$YSB (09885.HK)$We plan to join hands with RuizeHealth to provide consumers with more secure daily medical treatment and drug purchase services

$SINO BIOPHARM (01177.HK)$: The marketing application for anlotinib hydrochloride capsules and anti-PD-L1 “bemosubimab (TQB2450 injection)” for new indications was accepted

Repurchase cancellation

$HSBC HOLDINGS (00005.HK)$On February 27, 20.32 million shares were repurchased at HK$120.3 million

$STANCHART (02888.HK)$On February 27, it spent £13.82.28 million to buy back 2.1453 million shares

$KUAISHOU-W (01024.HK)$882,000 shares were repurchased at HK$39.97 million on February 28

$SWIRE PACIFIC A (00019.HK)$On February 28, 376,500 shares were purchased at HK$23.99 million

$YUM CHINA (09987.HK)$On February 27, it spent HK$27.197,700 to buy back 82,100 shares

$AIA (01299.HK)$On February 28, 300,000 shares were repurchased at HK$19.1042 million

$SWIRE PACIFIC B (00087.HK)$On February 28, 592,500 shares were purchased at HK$5.89 million

Editor/Somer