Hong Kong Stock Announcement Highlights: Yiwei Technology Launches IPO, Cornerstone Investors Subscribe HK$99 Million

Stock News
Nov 02

Major Matters: Yiwei Technology (02065) has launched its IPO, securing HK$99 million in cornerstone subscriptions. Fameglow Holdings (03774) is set to change hands as its controlling stake is transferred, with a mandatory general offer at a discount of approximately 98.06%, and trading will resume on November 2.

International Business Settlement (00147) plans to acquire the entire equity of Quantum Compute Solutions Limited for HK$563 million. CSPC Pharmaceutical Group (01093) announced that the Phase I/II clinical trial of SYS6043 for the treatment of advanced solid tumors has officially commenced at China's first participating center.

CIMC Group (02039) intends to contribute RMB 298.83 million to establish a fund in cooperation with professional institutions, stepping up its layout in the energy storage industry chain. China Resources Land (01109) successfully won the bid to acquire 100% equity of Shenzhen Hubei Lexing Real Estate Development.

Harbin Bank (06138) plans to sell assets worth RMB 92.957 billion. Lopal Tech (02465) reported that the average selling price of its lithium iron phosphate cathode materials in the first three quarters increased by 50.10% year-on-year.

Buybacks/Shareholding Changes: China Hongqiao (01378) spent HK$257 million on October 30 to repurchase 12.7195 million shares. Montage Technology (06809) spent RMB 100.2 million on October 30 to repurchase 620,000 A-shares. Kinwong Electronic (03228) spent RMB 50.2816 million on October 30 to repurchase 750,000 A-shares.

Pop Mart (09992) spent approximately HK$49.717 million on October 30 to repurchase 370,000 shares. Huaqin Technology (03296) received a shareholding increase of 260,000 H-shares from its chairman. Longqi Technology (09611) announced that its chairman intends to increase his holdings of H-shares by RMB 10 million, demonstrating confidence in development.

Lingyi iTech (01688) received a shareholding increase of 18.8694 million H-shares from actual controller Zeng Fangqin. Pateo Connect (02889) announced that its directors voluntarily increased their holdings of H-shares in the open market and made a 12-month voluntary lock-up commitment. Hua Jian Wei Lai-B (06132) plans to spend no more than HK$100 million on share buybacks. Jintaifeng International Holdings (09689) announced that its controlling shareholder plans to reduce holdings by up to 120 million shares.

Operating Results: ICBC (01398) reported a net profit attributable to shareholders of RMB 285.64 billion for the first three quarters, up 5.83% year-on-year. China Construction Bank (00939) reported a net profit attributable to shareholders of approximately RMB 274.226 billion for the first three quarters, up 6.55% year-on-year.

Agricultural Bank of China (01288) reported a net profit attributable to shareholders of RMB 236.546 billion for the first three quarters, up 7.1% year-on-year. Bank of China (03988) reported after-tax profit attributable to shareholders of RMB 187.482 billion for the first three quarters, up 5.53% year-on-year.

CNOOC (00883) reported a net profit attributable to shareholders of RMB 119.118 billion for the first three quarters, up 16.8% year-on-year. China Merchants Bank (03968) reported a net profit attributable to shareholders of RMB 116.476 billion for the first three quarters, up 2.38% year-on-year.

Postal Savings Bank of China (01658) reported a net profit attributable to shareholders of RMB 80.056 billion for the first three quarters, up 4.56% year-on-year. China Life Insurance (02628) reported a net profit attributable to shareholders of RMB 89.43 billion for the first three quarters, down 46.7% year-on-year.

Bank of Communications (03328) reported a net profit attributable to shareholders of RMB 74.262 billion for the first three quarters, up 6.1% year-on-year. The People's Insurance Company of China (01339) reported a net profit attributable to shareholders of RMB 31.817 billion for the first three quarters, down 32% year-on-year.

PICC Property and Casualty (02328) reported a net profit of RMB 25.954 billion for the first three quarters, down 35.5% year-on-year. Guotai Haitong (02611) reported a net profit attributable to shareholders of RMB 24.885 billion for the first three quarters, up 12.73% year-on-year.

China Minsheng Bank (01988) reported a net profit attributable to shareholders of RMB 24.323 billion for the first three quarters, down 14.78% year-on-year. HTSC (06886) reported a net profit attributable to shareholders of approximately RMB 15.041 billion for the first three quarters, up 18.13% year-on-year.

CICC (03908) reported a net profit attributable to shareholders of approximately RMB 13.245 billion for the first three quarters, up 101.71% year-on-year. BOC Hong Kong (02388) reported a 9.0% year-on-year increase in profit after tax to HK$35.13 billion for the first three quarters.

China Everbright Bank (06818) released its first three quarters results, with a net profit attributable to shareholders of RMB 28.271 billion, down 23.63% year-on-year. Yankuang Energy (01171) reported a net profit attributable to shareholders of RMB 11.117 billion for the first three quarters, up 55.9% year-on-year.

China Zheshang Bank (02016) reported a net profit attributable to shareholders of RMB 11.78 billion for the first three quarters, up 0.96% year-on-year. CRRC (01766) reported a net profit attributable to shareholders of RMB 10.314 billion for the first three quarters, up 3.70% year-on-year.

CSC Financial (06066) reported a net profit attributable to shareholders of RMB 10.257 billion for the first three quarters, up 44.7% year-on-year. China Railway Construction (01186) reported a net profit attributable to shareholders of RMB 9.348 billion for the first three quarters, down 36.88% year-on-year.

Yangtze Optical Fibre and Cable (06869) reported a net profit attributable to shareholders of RMB 6.128 billion for the first three quarters, up 1204.63% year-on-year. Orient Securities (03958) reported a net profit attributable to shareholders of RMB 5.379 billion for the first three quarters, up 5.25% year-on-year.

Dongshan Precision (02384) released its first three quarters results, with a net profit attributable to shareholders of RMB 5.289 billion, up 332.34% year-on-year. Great Wall Motor (02333) reported a net profit attributable to shareholders of RMB 3.826 billion for the first three quarters, down 55.69% year-on-year.

China Tourism Group Duty Free (01880) released its first three quarters results, with a net profit attributable to shareholders of RMB 3.67 billion, up 20.25% year-on-year. Transsion Holdings (02636) reported a net profit attributable to shareholders of RMB 2.63 billion for the first three quarters, up 22.44% year-on-year.

Chenming Paper (01812) released its first three quarters results, with a net loss attributable to shareholders of RMB 1.519 billion, a year-on-year improvement of 74.71%. COSCO Shipping Development (02866) reported a net profit attributable to shareholders of RMB 1.507 billion for the first three quarters, up 8.35% year-on-year.

Seres (09927) achieved a net profit attributable to shareholders of approximately RMB 1.42 billion in the third quarter. CALB (03931) released its first three quarters results, with a net profit attributable to shareholders of RMB 1.366 billion, up 99.54% year-on-year.

Shanghai Electric (02727) reported a net profit attributable to shareholders of RMB 1.243 billion for the first three quarters, up 16.7% year-on-year. BYD Company (01211) reported total vehicle sales of approximately 490,200 units in October, up 10.97% year-on-year.

Geely Automobile (00175) reported total vehicle sales of 310,183 units in October, up approximately 1% year-on-year. Chery Automobile (09973) reported total sales of 282,458 vehicles across its five major brands in October, up approximately 7.2% year-on-year.

Great Wall Motor (02333) reported total vehicle sales of approximately 120,400 units in October, down 15.87% year-on-year. NIO-SW (09866) delivered 34,246 vehicles in October. Li Auto-W (02015) delivered 29,025 new vehicles in October.

Seres (09927) produced approximately 26,700 vehicles and sold approximately 27,000 vehicles in October. Voyah Automobile (07489) delivered 13,030 new vehicles in October.

New China Life Insurance (01336) released its third quarter results, with a net loss attributable to shareholders of RMB 511 million. China Eastern Airlines (00670) released its first three quarters results, with a net loss attributable to shareholders of RMB 2.115 billion.

China Southern Airlines (01055) reported a net loss attributable to shareholders of approximately RMB 4.305 billion for the first three quarters, turning from profit to loss year-on-year. ENN Energy (02688) reported natural gas retail sales volume of 19.230 billion cubic meters for the first three quarters, up 0.2% year-on-year.

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