
Daily Hong Kong Stock Market News Summary (March 28, Friday)
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Three Squirrels: The company plans to issue H shares and apply for listing on the main board of the Hong Kong Stock Exchange.
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Nio (09866.HK) intends to raise HKD 3.5 billion through a placement of Hong Kong stocks.
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SMIC (00981.HK): Revenue for 2024 is expected to be CNY 57.796 billion, a year-on-year increase of 27.7%; net profit attributable to shareholders is expected to be CNY 3.699 billion, a year-on-year decrease of 23.3%.
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CNOOC (00883.HK): Revenue for 2024 is expected to be CNY 420.506 billion, a year-on-year increase of 0.94%; net profit is expected to be CNY 137.936 billion, a year-on-year increase of 11.38%. Annual oil and gas production is expected to reach 726.8 million barrels of oil equivalent, a year-on-year increase of 7.2%.
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Weichai Power (02338.HK): Revenue for 2024 is expected to be CNY 215.691 billion, a year-on-year increase of 0.81%; net profit is expected to be CNY 11.403 billion, a year-on-year increase of 26.51%.
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NCI (01336.HK): Total revenue for 2024 is expected to be CNY 132.044 billion, a year-on-year increase of 82.7%. Net profit is expected to be CNY 26.229 billion, an increase of 201.1% compared to the previous year, reaching a historical high, mainly influenced by the rise in the capital market.
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CIMC (02039.HK): Revenue for 2024 is expected to be CNY 177.664 billion, a year-on-year increase of 39.01%; net profit is expected to be CNY 2.972 billion, a year-on-year increase of 605.60%.
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Huaneng International Power (01071.HK): Revenue for 2024 is expected to be CNY 112.392 billion, a year-on-year decrease of 3.42%; net profit is expected to be CNY 5.67 billion, a year-on-year increase of 23.23%.
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Country Garden Services (06098.HK): Revenue for 2024 is expected to be CNY 43.993 billion, a year-on-year increase of 3.24%; net profit is expected to be CNY 1.808 billion, a year-on-year increase of 518.59%. The company plans to use no less than CNY 500 million to repurchase shares in the open market within the next year.
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Longfor Group (03380.HK): Revenue for 2024 is expected to be CNY 23.265 billion, with a net loss of CNY 6.298 billion, mainly due to the continued downturn in the real estate industry, low gross profit levels, and provisions for inventory impairment