Zhitong Hong Kong Stock Early Knowledge | The General Office of the CPC Central Committee and the State Council have formulated and issued a directory of innovative drugs for commercial health insurance, and pilot projects for intelligent elderly care service robots have begun

【Today's Headlines】

General Office of the CPC Central Committee and State Council: Improve the Adjustment Mechanism for the Basic Medical Insurance Drug Catalog and Formulate an Innovative Drug Catalog for Commercial Health Insurance

The General Office of the CPC Central Committee and the State Council issued the "Opinions on Further Ensuring and Improving People's Livelihoods and Focusing on Solving Urgent Problems for the Public." The opinions propose to promote the sharing of high-quality medical and health resources. They aim to expand and balance the distribution of high-quality medical resources, optimize the construction model, management system, and operation mechanism of regional medical centers. They will improve the adjustment mechanism for the basic medical insurance drug catalog and formulate an innovative drug catalog for commercial health insurance to better meet the multi-level medication security needs of the people.

【Market Outlook】

U.S. Stock Indices Mixed, Circle (CRCL.US) Up 7%

Overnight, the Dow Jones Industrial Average closed down slightly by 1.11 points at 42,761.76 points; the Nasdaq rose by 61.28 points, an increase of 0.31%, closing at 19,591.24 points; the S&P 500 index rose by 5.52 points, an increase of 0.09%, closing at 6,005.88 points. Apple (AAPL.US) fell by 1%, NVIDIA (NVDA.US) rose by 0.6%, Tesla (TSLA.US) rose by 4.5%, and Circle (CRCL.US) rose by 7%. The Nasdaq China Golden Dragon Index closed up 2%, Alibaba (BABA.US) rose nearly 1.8%, and iQIYI (IQ.US) rose nearly 5%. The Hang Seng Index ADR fell, closing at 24,164.29 points, down 17.14 points or 0.07% compared to the Hong Kong close.

【Hot Topics Ahead】

Passenger Car Market Sales in April Reached 1.696 Million Units, Up 10.1% Year-on-Year

According to Zhitong Finance APP, on June 9, the Passenger Car Association & Wilson disclosed that in April, the passenger car market sales reached 1.696 million units, a year-on-year increase of 10.1%, but a month-on-month decrease of 9.5%; the sales in the new energy market were approximately 871,000 units, still outperforming the overall market year-on-year (+29.3%), but the month-on-month decline was slightly higher than the overall market (-10.2%). In April, the sales of the new energy market accounted for 51.3% of the total passenger car sales, a decrease of 0.4% compared to the previous month, but an increase of 7.6% compared to the same period last year.

Two Departments: Phased Implementation of a Batch of Intelligent Elderly Care Service Robot Research and Application Pilot Projects

The Ministry of Industry and Information Technology and the Ministry of Civil Affairs issued a notice on carrying out paired research and scenario application pilot work for intelligent elderly care service robots. Adhering to the principles of "government guidance, demand-driven, phased implementation, and continuous iteration," the focus is on improving the quality of life for the elderly, alleviating the pressure of family elderly care, filling the manpower gap in institutional and community elderly care services, and promoting the improvement of the elderly care service system. A batch of intelligent elderly care service robot research and application pilot projects will be implemented in phases, promoting paired research between the research and application sides, and driving the application verification and iterative upgrade of products in family, community, and elderly care institution scenarios, forming a batch of robot products that can meet multi-level and diversified elderly care service needs, continuously establishing and improving standards, norms, and evaluation systems, and accelerating the promotion of robot empowerment in smart elderly care services and the development of the silver economy Hong Kong Monetary Authority injects HKD 20 million liquidity to banks through the discount window

According to Zhitong Finance APP, on June 9, the Hong Kong Monetary Authority injected HKD 20 million liquidity to banks through the discount window.

Labubu limited edition second-hand price breaks 200,000, merchants say many copies are circulating in the market recently

Recently, Labubu has become popular worldwide, and the stock price of Pop Mart (09992) has continued to rise. Journalists visited several trendy toy stores and found that the second-hand price of a certain co-branded model has been speculated to be between 2,000 to 3,000 yuan, with some limited editions breaking 200,000 yuan. Another trendy toy store owner told reporters that the price of the Labubu Generation 3, priced at 594 yuan, has soared to 3,000 yuan on second-hand platforms, with a premium of more than 5 times! In addition, merchants indicated that it has become easier to buy counterfeit products recently, with many copies circulating in the market.

BYD (01211) integrates Tongyi large model

Alibaba Cloud officially announced: BYD has integrated the Tongyi large model. In the future, within BYD's intelligent cockpit, online services such as ticket purchasing and ordering can be achieved with just one sentence. BYD and Alibaba Cloud have maintained deep cooperation, integrating the Tongyi large model in areas such as intelligent cockpits, psychological companionship, and marketing services.

China Biologic Pharmaceutical (01177): Inhalation TQC3721 suspension "PDE3/4 inhibitor" approved by CDE for Phase III registration clinical research

Zhitong Finance APP reports that China Biologic Pharmaceutical (01177) announced that its Group's Class 1 innovative drug inhalation TQC3721 suspension "PDE3/4 inhibitor" has been approved by the Center for Drug Evaluation (CDE) of the National Medical Products Administration of China to conduct Phase III registration clinical research for the maintenance treatment of chronic obstructive pulmonary disease (COPD).

Sihuan Pharmaceutical (00460): New drug application for the new indication of Pirfenidone tablets accepted

Sihuan Pharmaceutical announced on the Hong Kong Stock Exchange that its non-wholly-owned subsidiary, Xuan Zhu Biotechnology, has independently developed a Class 1 innovative drug, and the new drug application for the new indication of Pirfenidone tablets has been accepted by the National Medical Products Administration. The specific indication is: initial endocrine therapy for hormone receptor-positive, human epidermal growth factor receptor 2-negative advanced breast cancer patients in combination with aromatase inhibitors, as well as subsequent treatment for patients who progressed after adjuvant therapy with Tamoxifen or Torimefene. This is the third indication for the product's NDA application.

Shijiazhuang Pharmaceutical Group (02005) obtains drug production registration approval from the National Medical Products Administration for 0.3ml Timolol Maleate Eye Drops (0.5% and 0.25%) in single-dose packaging

Zhitong Finance APP reports that Shijiazhuang Pharmaceutical Group (02005) announced that the Group has obtained the drug production registration approval from the National Medical Products Administration of China for 0.3ml Timolol Maleate Eye Drops (0.5% and 0.25%) in single-dose packaging. This product belongs to Class 3 chemical drugs and is considered to have passed the consistency evaluation. The announcement stated that this product is the first approved by domestic enterprises and is also the company's second type of ophthalmic formulation. The company expects that by the end of this year, several varieties of ophthalmic formulations will be approved and form a series of new sales tracks Amax Holdings (00880) intends to acquire the properties of the Macau Caesars Palace and the Sixteen Piers Casino

According to a notice from Amax Holdings (00880), the company's main subsidiary, Amax Entertainment Resort Limited (Amax Entertainment), is one of six companies authorized to operate casino gaming under the Macau government's gaming operation license from January 1, 2023, to December 31, 2032. As of the date of this announcement, Amax Entertainment directly owns and operates four casinos, namely the Casino Lisboa, the New Lisboa Casino, the Grand Lisboa Casino, and the Casino Oceanus at Jai Alai, and operates nine satellite casinos, namely the Royal Dragon Casino, the Emperor Palace Casino, the Caishen Casino, the Casino Kam Pek, the Casino Golden Dragon, the Casino Land, the Macau Caesars Palace, the L'Arc Casino, and the Sixteen Piers Casino.

EVE Energy: Plans to issue H shares and list on the Main Board of the Hong Kong Stock Exchange

According to EVE Energy's announcement, in order to further enhance the company's capital strength and comprehensive competitiveness, improve the company's international brand image, meet the needs of the company's international business development, and deepen the company's globalization strategy, Huizhou EVE Energy Co., Ltd. plans to issue H shares and list on the Main Board of the Hong Kong Stock Exchange. The company will fully consider the interests of existing shareholders and the conditions of domestic and foreign capital markets, and will choose an appropriate time and issuance window to complete this issuance and listing within the validity period of the shareholders' meeting resolution.

Hua Xin Handbag International Holdings (02683) issues profit warning, expects annual net profit attributable to shareholders of approximately HKD 63 million to HKD 67 million

According to a notice from Hua Xin Handbag International Holdings (02683), the group expects to achieve a net profit attributable to the company's owners of approximately HKD 63 million to HKD 67 million for the year ending March 31, 2025, while for the year ending March 31, 2024, it expects to achieve a net profit attributable to the company's owners of approximately HKD 29 million.

Rongda Technology (09881) dark market closes up 76%, earning HKD 3,800 per lot

Rongda Technology (09881) will be listed in Hong Kong on June 10. As of the close, dark market trading showed a price of HKD 17.6, up 76% from the offering price of HKD 10, with each lot consisting of 500 shares, earning HKD 3,800 per lot, excluding handling fees.

Xinqian (02573) dark market closes up 72.49%, earning HKD 2,740 per lot

Xinqian (02573) will be listed in Hong Kong on June 10. As of the close, dark market trading showed a price of HKD 32.6, up 72.49% from the offering price of HKD 18.9, with each lot consisting of 200 shares, earning HKD 2,740 per lot, excluding handling fees.

[Stock Highlights]

Decon Agricultural and Animal Husbandry (02419): Sold 869,400 live pigs in May, with sales revenue of RMB 1.7 billion

Decon Agricultural and Animal Husbandry (02419) announced that in May 2025, the company sold 869,400 live pigs (of which 839,900 were market pigs), with sales revenue of RMB 1.7 billion. The average selling price of market pigs was RMB 14.64 per kilogram, a decrease of 1.15% compared to April 2025; Sales of yellow-feathered broilers reached 7.4628 million, with sales revenue of RMB 224 million. The average selling price of yellow-feathered broilers was RMB 12.84 per kilogram, a decrease of 3.89% compared to April 2025.

As of May 31, 2025, in the past five months, the company sold a total of 4.2971 million live pigs (including 4.0517 million market pigs), generating sales revenue of RMB 8.457 billion; it sold 35.8271 million yellow-feathered broilers, generating sales revenue of RMB 1.099 billion.

Pacific Securities pointed out that the Dekoan Agricultural and Animal Husbandry's self-bred Dekoan E-series breeding pigs have been widely promoted since 2023, achieving significant cost reduction effects. It is estimated that the company's total cost has now fallen below RMB 13 per kilogram, placing it in the top tier of the industry; it is expected that the company's live pig output growth rate will be around 30% over the next three years. In terms of yellow-feathered chicken business, the company fully utilizes its advantages in breeding resources to increase the proportion of medium-slow and medium-speed yellow-feathered broilers, and intensifies its expansion efforts in South China, expecting a stable slight increase in yellow chicken output