Daily Hong Kong Stock Market News Briefing (February 27, Thursday)

USHK News
2025.02.27 01:14

  1. China International Capital Corporation (03908.HK), China Galaxy (06881.HK): Clarified merger rumors, stating that they have not received any written or verbal information regarding the matters mentioned in the rumors from government departments, regulatory agencies, shareholders, or actual controllers.

  2. Shanghai Fudan (01385.HK): Total revenue for 2024 is expected to be RMB 3.590 billion, a year-on-year increase of approximately 1.51%; net profit is expected to be RMB 573 million, a year-on-year decrease of approximately 20.43%. During the period, market competition faced by various product lines was intense, and the comprehensive gross profit margin decreased by 5.26% due to a decline in product sales prices and adjustments in product structure.

  3. Chow Tai Fook (00659.HK): Released interim results for the six months ending December 31, 2024, with revenue of HKD 10.121 billion; an increase of 15% to HKD 1.1576 billion.

  4. Sino Land Company (00083.HK): Released results for the six months ending December 31, 2024, with revenue of HKD 3.854 billion, a year-on-year decrease of 21.7%; net profit of HKD 1.820 billion, a year-on-year decrease of 30.4%.

  5. Tuya Smart (02391.HK): Revenue for 2024 is expected to be USD 299 million, a year-on-year increase of 29.84%; net profit of USD 4.997 million, turning from loss to profit year-on-year.

  6. Innovent Biologics (09969.HK): Phase II clinical data for Orelabrutinib in the treatment of relapsing-remitting multiple sclerosis will be presented in abstracts and posters at ACTRIMS 2025.

  7. Yincheng International Holdings (01902.HK): Contract sales in January amounted to RMB 134 million, a year-on-year decrease of 37.88%.

  8. JNBY (03306.HK): Released interim results for the six months ending December 31, 2024, with revenue of RMB 3.156 billion, a year-on-year increase of 5%; net profit of RMB 599.5 million, a year-on-year increase of 4.71%. The revenue growth was mainly due to the increase in online channel sales and the expansion of offline store scale

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