Hong Kong Market Announcement Highlights: Zijin Mining Reports Q1 Net Profit of 20.08 Billion Yuan, Up 97.5% Year-on-Year

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Yesterday

【Major Events】 Huagin Technology (03296) has set the final H share offer price at HK$77.70 per share. Boreaton (01333) announced that Boreaton Energy Saving received a capital injection of 38 million yuan and will focus on mining-related business. Longpan Technology (02465) plans to acquire a stake in Australian-listed company GL1 to secure lithium supply from the Manna project. Longpan Technology (02465) intends to invest A$14.85 million to acquire lithium exploration leases and related assets in Australia. ISHN Holdings (01656) subsidiary AR Robotics has brought in Soradynamics and Trinity as strategic partners to advance its robotics and artificial intelligence business. Road King (01098) subsidiary plans to sell a 65% stake in Shanghai Junxin Property for 94.4 million yuan. Bank of China (03988) has completed the issuance of 50 billion yuan in Tier 2 capital bonds. China Minsheng Bank (01988) has completed the issuance of 30 billion yuan in Tier 2 capital bonds. Paradigm Intelligence (06682) plans a share placement at HK$40.36 per share to raise up to approximately HK$1.556 billion net.

【Financial Results】 Zijin Mining (02899) reported first-quarter net profit attributable to shareholders of 20.079 billion yuan, a 97.5% increase year-on-year. Zijin Gold International (02259) achieved first-quarter net profit attributable to shareholders of approximately $807 million, up about 385.48% year-on-year. China Unicom (00762) posted first-quarter profit attributable to shareholders of 4.885 billion yuan, down 17.6% year-on-year. Fuyao Glass (03606) reported first-quarter net profit attributable to shareholders of 1.7115 billion yuan, decreasing 15.68% year-on-year. ASMPT (00522) announced first-quarter results with profit from continuing operations of approximately HK$324 million, down 70.8% quarter-on-quarter but up 192.9% year-on-year. Shandong Molong (00568) reported first-quarter net profit attributable to shareholders of 5.584 million yuan, increasing 2.96% year-on-year. Muyuan Foods (02714) reported a first-quarter net loss attributable to shareholders of 1.215 billion yuan. Luk Fook Holdings (00590) saw overall retail sales value and retail revenue increase by 19% and 36% year-on-year respectively in the fourth quarter. Chalco International (02068) reported total new contract value of 11.539 billion yuan in the first quarter, up 34.72% year-on-year. MMG (01208) produced 128,700 tonnes of copper in the first quarter, a 9% increase year-on-year. Baioo Family Interactive (02100) reported 6.4 million active accounts in the first quarter, up 1.6% quarter-on-quarter. Yue Yuen Industrial (00551) issued a profit warning, expecting first-quarter profit attributable to shareholders to decrease by approximately 50% to 55% year-on-year.

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