Hong Kong Stocks End in Green Friday as Earnings Flurry Continues; Cutia Therapeutics Seeking HK$240.3 Million via Share Sale

MT Newswires Live

08/29

Hong Kong stocks reversed their downward slide Friday as markets analyzed the latest batch of earnings.

The Hang Seng Index gained 78.80 points, or 0.32%, to 25,077.62, while the Hang Seng China Enterprises Index rose 30.86 points, or 0.35%, to 8,947.79.

Among the firms reporting earnings, Haier Smart Home (HKG:6690) saw its profit come ahead of expectations. The home appliances company reported 1.29 yuan in earnings per share on revenue of 156.5 billion yuan, compared to the Visible Alpha estimate of 1.20 yuan on sales of 151.9 billion yuan.

Meanwhile, Chinese traditional medicines company Gushengtang (HKG:2273) reported results that fell short of expectations. The firm reported earnings of 0.62 yuan per share on revenue of 1.49 billion yuan, compared to the Visible Alpha estimate of 0.67 yuan on sales of 1.63 billion yuan.

Major Chinese firms Alibaba Group (HKG:9988) and Industrial and Commercial Bank of China (HKG:1398) are due to report earnings next week with investors reportedly expecting higher profits.

In corporate news, Cutia Therapeutics (HKG:2487) is looking to raise HK$240.3 million via the sale of shares to fund its drug pipeline.

Shares closed 21% higher.

Elsewhere, JD.com (HKG:9618) is reportedly looking to fund its planned acquisition of German electronics retailer CECONOMY via a euro-denominated loan.

Shares rose down 2.1%.

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The home appliances company reported 1.29 yuan in earnings per share on revenue of 156.5 billion yuan, compared to the Visible Alpha estimate of 1.20 yuan on sales of 151.9 billion yuan.</p><p>Meanwhile, Chinese traditional medicines company Gushengtang (HKG:2273) reported results that fell short of expectations. The firm reported earnings of 0.62 yuan per share on revenue of 1.49 billion yuan, compared to the Visible Alpha estimate of 0.67 yuan on sales of 1.63 billion yuan.</p><p>Major Chinese firms <a href=\"https://laohu8.com/S/BABA\">Alibaba Group</a> (HKG:9988) and <a href=\"https://laohu8.com/S/IDCBF\">Industrial and Commercial</a> Bank of China (HKG:1398) are due to report earnings next week with investors reportedly expecting higher profits.</p><p>In corporate news, Cutia <a href=\"https://laohu8.com/S/LENZ\">Therapeutics</a> (HKG:2487) is looking to raise HK$240.3 million via the sale of shares to fund its drug pipeline.</p><p>Shares closed 21% higher.</p><p>Elsewhere, JD.com (HKG:9618) is reportedly looking to fund its planned acquisition of German electronics retailer CECONOMY via a euro-denominated loan.</p><p>Shares rose down 2.1%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02273","symbol_name":"固生堂","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2563172480","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2563172480","pubTimestamp":1756456992,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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The firm reported earnings of 0.62 yuan per share on revenue of 1.49 billion yuan, compared to the Visible Alpha estimate of 0.67 yuan on sales of 1.63 billion yuan.Major Chinese firms Alibaba Group (HKG:9988) and Industrial and Commercial Bank of China (HKG:1398) are due to report earnings next week with investors reportedly expecting higher profits.In corporate news, Cutia Therapeutics (HKG:2487) is looking to raise HK$240.3 million via the sale of shares to fund its drug pipeline.Shares closed 21% higher.Elsewhere, JD.com (HKG:9618) is reportedly looking to fund its planned acquisition of German electronics retailer CECONOMY via a euro-denominated loan.Shares rose down 2.1%.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}