Daily Hong Kong Stock Market News Briefing (March 20, Thursday)

USHK News
2025.03.20 01:09

Important News

  1. Hong Kong media: The Hong Kong Securities and Futures Commission is considering restricting the financing ratio for stock subscription IPOs. Individual Stock News

  2. Tencent Holdings (00700.HK): Achieved revenue of CNY 660.257 billion in 2024, a year-on-year increase of 8%; net profit of CNY 194.073 billion, a year-on-year increase of 68%. In the fourth quarter, revenue was approximately CNY 172.446 billion, a year-on-year increase of 11% and a quarter-on-quarter increase of 3%; net profit was CNY 51.324 billion, a year-on-year increase of 90% and a quarter-on-quarter decrease of 4%.

  3. Ping An Insurance (02318.HK): Revenue of CNY 1,141.346 billion in 2024, a year-on-year increase of 10.6%; net profit of CNY 126.607 billion, a year-on-year increase of 47.8%.

  4. HK & China Gas (00003.HK): Revenue of HKD 55.473 billion in 2024, a year-on-year decrease of 2.63%; net profit of HKD 5.712 billion, a year-on-year decrease of 5.9%.

  5. Nexperia (01316.HK): Revenue of approximately USD 4.276 billion in 2024, a year-on-year increase of 1.65%; net profit of USD 61.719 million, a year-on-year increase of 68%.

  6. Cheung Kong Infrastructure Holdings (01038.HK): Revenue of HKD 38.985 billion in 2024, a year-on-year increase of 1.04%; net profit of HKD 8.115 billion, a year-on-year increase of 1.1%.

  7. ZhongAn Online (06060.HK): Achieved insurance service revenue of CNY 31.744 billion in 2024, a year-on-year increase of 15.29%, with a net profit of CNY 603 million.

  8. Kingsoft Cloud (03896.HK): Revenue of approximately CNY 7.785 billion in 2024, a year-on-year increase of 10.5%; non-GAAP EBITDA of approximately CNY 639 million, achieving profitability in the first year. This is mainly due to strong demand for artificial intelligence business and industry cloud projects.

  9. Zhengrong Real Estate (06158.HK): Expected net loss of CNY 6-7 billion in 2024. This is mainly due to the overall decline in demand in the real estate industry, leading to a decrease in project selling prices and gross profit.

  10. Minmetals Land (00230.HK): Expected loss of approximately HKD 566 million in 2024

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