Important announcements from the Hong Kong stock market today:

1) Performance Express

$CHINAHONGQIAO (01378.HK)$: In 2024, revenue is expected to reach 156.169 billion yuan, an increase of 16.87% year-on-year; Net income is anticipated to be 22.372 billion yuan, a year-on-year increase of 95.21%.

The announcement states that the year-on-year increase in revenue is mainly due to the rise in sales prices of the group’s Aluminum Alloy products and alumina products compared to the same period last year, along with an increase in sales volume.

$CG SERVICES (06098.HK)$: It is expected that the total revenue for 2024 will be approximately 43.8 billion to -44.2 billion yuan, a year-on-year growth of about 2.8% to 3.7%; Net income is projected to rise about 447.4% to 584.2%, amounting to approximately 1.6 billion to 2 billion yuan.

$LI AUTO-W (02015.HK)$In 2024, the total revenue amounted to 144.5 billion yuan, an increase of 16.6% year-on-year; vehicle sales revenue reached 138.5 billion yuan, with a year-on-year increase of 15.2%; net income was 8 billion yuan, a decrease of 31.9%. The total automotive delivery volume for the year reached 500,500 vehicles, growing by 33.1%.

$TG SMART ENERGY (01083.HK)$In 2024, revenue was 21.314 billion Hong Kong dollars, an increase of 7.42% year-on-year; net income was 1.606 billion Hong Kong dollars, an increase of 2% year-on-year. The renewable energy business performed strongly, and the gas business maintained stable profits.

$LEADING HLDGS (06999.HK)$It is expected that the net loss for 2024 will be between 2.2 billion yuan and 2.4 billion yuan, mainly affected by the continued downturn in the Real Estate Industry.

$SEAZEN (01030.HK)$It is expected that the net income for 2024 will be between 0.45 billion yuan and 0.5 billion yuan.

$INFINITY L&T (01442.HK)$It is estimated that net income will grow by about 50%-70% in 2024.

$PLAYMATES (00635.HK)$In 2024, revenue is expected to be 1.092 billion HKD, a year-on-year decrease of 14.11%; net loss is expected to be 0.382 billion HKD.

$REFIRE (02570.HK)$It is estimated that the annual loss will be approximately 0.67 billion to 0.77 billion RMB.

$LANDSEA LIFE (01965.HK)$It is estimated that the net loss in 2024 will be between 0.29 billion and approximately 0.34 billion RMB.

$KWG LIVING (03913.HK)$It is expected that the net loss for 2024 will not exceed approximately 0.56 billion yuan.

$MINMETALS LAND (00230.HK)$It is expected that the net loss for 2024 will be approximately 0.566 billion Hong Kong dollars, transitioning from profit to loss year-on-year.

$LINMON MEDIA (09857.HK)$It is expected that the net loss for 2024 will be between 0.18 billion yuan and 0.2 billion yuan, mainly due to the relatively low number of episodes aired, and some new businesses are still in the initial investment stage.

$INKEVERSE (03700.HK)$A profit warning has been issued, expecting the after-tax net income for 2024 to drop to no more than 0.24 billion yuan, a significant decline year-on-year.

$SCE CM (00606.HK)$It is estimated that in 2024, the net income will be between 0.05 billion yuan and approximately 0.07 billion yuan. This is mainly due to the decrease in high gross margin value-added service income.

$WESTCHINACEMENT (02233.HK)$It is expected that the net income for 2024 will increase by approximately 35% to 45% year-on-year.

$CHINA GRAPHITE (02237.HK)$It is estimated that the net loss in 2024 will not exceed 14 million yuan.

2) Company news

$MCC (01618.HK)$In the first two months, the newly signed contracts amounted to 141.63 billion yuan, a year-on-year decrease of 27.5%. Among them, the amount of newly signed overseas contracts was 5.66 billion yuan, an increase of 15.4%.

$GTJA (02611.HK)$ The company name is proposed to be changed to "GTJA HAITONG SECURITIES CO., LTD.".

The announcement states that in order to better reflect the actual situation of the merged company, it is proposed to change the company name and stock abbreviation, as detailed below:

$CHINA SHENHUA (01088.HK)$In the first two months, the coal sales volume was 64.7 million tons, a year-on-year decrease of 16.3%. The sales volume in February was 34.3 million tons, a year-on-year decrease of 11.4%. This is mainly due to insufficient downstream coal demand and structural adjustments in the shipping business.

$CHINA COAL (01898.HK)$In the first two months, the cumulative sales volume of commodity coal was 39.38 million tons, a year-on-year decrease of 1.3%. The sales volume of commodity coal in February was 17.47 million tons, a year-on-year decrease of 4.4%.

$R&F PROPERTIES (02777.HK)$In the first two months, the cumulative contract sales reached 1.58 billion yuan, a year-on-year decrease of 3.1%. Sales in February amounted to 0.795 billion yuan, a year-on-year increase of 22.3%.

$SINO-OCEAN GP (03377.HK)$In the first two months, the cumulative contract sales reached 2.88 billion yuan, a year-on-year increase of 42.57%. Sales in February amounted to 0.99 billion yuan, a year-on-year increase of 20.73%.

$CPIC (02601.HK)$In the first two months, original premium income from China Pacific Insurance Life and China Pacific Insurance Property reached 69.006 billion yuan, representing a year-on-year growth of 9.1%, and 39.718 billion yuan, representing a year-on-year growth of 1.9% respectively.

$INNOVENT BIO (01801.HK)$China's first IGF-1R monoclonal antibody, Xinbimin, has been approved by the National Medical Products Administration for the treatment of thyroid eye disease.

3) Financing and Repurchase Dynamics

$MANY IDEA C-NEW (06696.HK)$ : Plans to issue 12 million shares at an approximate discount of 13.89%, raising about 37.1 million HKD.

$HSBC HOLDINGS (00005.HK)$: Spent 0.252 billion HKD to repurchase 2.934 million shares, with a buyback price of 85.05-86.30 HKD per share.

$SWIRE PACIFIC A (00019.HK)$: Spent 38.2154 million HKD to repurchase 0.55 million shares, with a buyback price of 67.7-70.0 HKD per share.

Editor/Rocky