Important announcements from the Hong Kong stock market today:

1) Company News

$SMIC (00981.HK)$In 2024, the net income is 0.493 billion USD, a decrease of 45.4% year-on-year, mainly due to a decline in investment income and financial income this year.

The announcement states that the company's sales revenue for 2024 is $8.03 billion, a 27% year-on-year increase, with a gross margin of 18%. In the fourth quarter, sales revenue exceeded $2.2 billion, an increase of 1.7% quarter-on-quarter, with a gross margin of 22.6%, a rise of 2.1 percentage points quarter-on-quarter. By the end of 2024, the equivalent monthly production capacity for 8-inch standard logic is 0.948 million wafers, with total shipments exceeding 8 million wafers and an average annual capacity utilization rate of 85.6%.

Semiconductor Manufacturing International Corporation expects its financial guidance for the first quarter of 2025 to show quarter-on-quarter revenue growth of 6% to 8%. The gross margin is expected to range between 19% and 21%.

$Q TECH (01478.HK)$In January 2025, the sales volume of mobile phone camera modules was approximately 34.699 million units, an increase of 13.4% month-on-month, but a decrease of 10.8% year-on-year. The total sales volume of camera modules reached 35.897 million units, an increase of 12.3% month-on-month, but a decrease of 10.2% year-on-year. The total sales volume of fingerprint recognition modules was 16.674 million units, a decrease of 18.2% month-on-month, but an increase of 41.5% year-on-year.

The announcement states that the quarter-on-quarter decrease in sales is mainly due to customer project cycles. During this period, the company continues to focus on a product strategy centered on mid-to-high-end products, with ultrasonic fingerprint recognition module projects gradually entering mass production and an increase in market share for fingerprint recognition module business.

$YUE YUEN IND (00551.HK)$: It is expected that the net income for 2024 will increase by 55% to 60% year-on-year, mainly due to benefiting from the normalization of the global footwear market during the period, with significant enhancement in the demand for footwear from brand clients for the group's manufacturing business, resulting in fully loaded orders supported by significant improvements in capacity utilization and production efficiency.

$GUMING (01364.HK)$Priced at the upper limit of the offering range of HKD 9.94, the public offering was oversubscribed by 194.87 times.

$MEDBOT-B (02252.HK)$ : The TUMAI single-arm single-hole cavity surgery robot has been approved for registration by the National Medical Products Administration.

$CHINA LONGYUAN (00916.HK)$In January, the new energy generation reached 6.3922 million megawatt-hours, a year-on-year decrease of 8.56%, mainly due to the absence of thermal power generation this month. Wind power generation increased by 2.37%, and photovoltaic generation increased by 47.18%.

$NOVA GROUP (01360.HK)$Received additional resumption guidance.

2) Sales situation of some real estate companies in January.

$LONGFOR GROUP (00960.HK)$In January, the total contract sales amounted to 4.46 billion yuan.

$CIFI HOLD GP (00884.HK)$In January, the contract sales were approximately 1.81 billion yuan.

$CENTRALCHINA MT (09982.HK)$: In January, the contractual sales of managed projects amounted to 0.919 billion yuan, a year-on-year decrease of 19.2%.

$GEMDALE PPT (00535.HK)$: In January, the contracted sales were 0.626 billion yuan, a year-on-year decrease of 23.1%.

$HOPSON DEV HOLD (00754.HK)$: The total contractual sales amount in January was approximately 0.473 billion yuan.

$RONSHINECHINA (03301.HK)$: The total contractual sales in January were approximately 0.35 billion yuan, a year-on-year decrease of 21.88%.

3) Shareholding and repurchase dynamics.

$EDA GROUP HLDGS (02505.HK)$Recently, cornerstone investor Reynold Lemkins increased his shareholding, currently holding a total of 3.1% of the company's issued share capital as of February 10, 2025.

$HSBC HOLDINGS (00005.HK)$Invested 0.219 billion HKD to repurchase 2.6608 million shares at a price of 82.25-82.55 HKD.

$TIMES ELECTRIC (03898.HK)$Invested 51.1112 million HKD to repurchase 1.7003 million shares at a price of 29.7-30.45 HKD.

$COSCO SHIP HOLD (01919.HK)$Invested 45.013 million Hong Kong dollars to repurchase 3.674 million shares, with a repurchase price of 12.2-2.32 Hong Kong dollars.

Editor/danial