Hang Seng Index

China Risun's 2021 Annual Profit Attributable to Owners Ups 58.1% to RMB2.61 billion

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Monday, March 28, 2022
Momentum, Method, Miramar Hotel and Investment, Hang Seng Composite Index Series, Group, Hydrogen, Hang Seng Index, Coke, Transport, Growth, Hydrogenation, Russell Midcap Index, Board, FTSE, Dongming County, Carbon, FTSE SmallCap Index, Frost & Sullivan, FTSE Global Equity Index Series, Industry, Technology, Fruit, Styrene, Caprolactam, Income, Acquisition, Dual carbon battery, LMS, Hong Kong Stock Exchange, Radiation, Coal, Rail transport, Oil

Profit attributable to owners up 58.1% to RMB2.61 billion, achieving a 3-year consecutive growth since its listing in 2019.

Key Points: 
  • Profit attributable to owners up 58.1% to RMB2.61 billion, achieving a 3-year consecutive growth since its listing in 2019.
  • Revenue for the year ended 31 December 2021 was RMB38.4 billion, representing an increase of 94.2% year-on-year.
  • In 2021, the price of coke reached a record high in China, and the profitability of the industry continued to improve.
  • As the core profit source of China Risun, the coke business performed very well.

Nissin Foods Announces 2021 Annual Results, Financial Performance Exceeds High 2020 Baseline

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Tuesday, March 22, 2022
Nissin Foods, Cup Noodles, Company, EBITDA, Miramar Hotel and Investment, Hang Seng Composite Index Series, ECO Cup, Group, Growth, Board, Doll, Supermarket, Drink, Hong Kong Stock Exchange, Flour, FTSE SmallCap Index, Safety, Technology, Powder, Goal, Food science, Time, Stock exchange, COVID-19, Vegetable, Taste, Yoy, Cup noodle, Efficiency, Hang Seng Index, Property management, Convenience food, Fast food, Mainland China, Mainland

The Group's EBITDA grew by 6.0% YoY to HK$604.1 million (2020: HK$570.0 million), representing an EBITDA margin of 15.6% (2020: 16.2%).

Key Points: 
  • The Group's EBITDA grew by 6.0% YoY to HK$604.1 million (2020: HK$570.0 million), representing an EBITDA margin of 15.6% (2020: 16.2%).
  • Profit attributable to owners of the Company increased by 0.6% YoY to HK$303.8 million (2020: HK$301.9 million), representing a net profit margin of 7.9% (2020: 8.6%).
  • Revenue in the Mainland China operations recorded strong growth in the review year, surpassing the high baseline set in 2020.
  • Consequently, the Group's 2021 financial performance has been able to exceed the high baseline set in 2020.

XDI: Proposed SEC climate risk rules "major step towards more transparent reporting"

Retrieved on: 
Wednesday, March 23, 2022
Risk, DAX, Climate change, CAC, FTSE, HSI, XDI, Nikkei, SEC, Forest fire weather index, Hang Seng Index, STI, U.S. Securities and Exchange Commission, ASX, Hang, Weather, Flood, Risk management, Financial adviser

SYDNEY, March 23, 2022 /PRNewswire/ -- The new U.S. Security and Exchange Commission (SEC) proposal to require companies to disclose their climate risk, including the physical impacts of storms, drought and heat waves, marks a major step towards more transparent reporting, according to climate risk expert Rohan Hamden.

Key Points: 
  • SYDNEY, March 23, 2022 /PRNewswire/ -- The new U.S. Security and Exchange Commission (SEC) proposal to require companies to disclose their climate risk, including the physical impacts of storms, drought and heat waves, marks a major step towards more transparent reporting, according to climate risk expert Rohan Hamden.
  • Under the SEC proposals, adopted on a 3-1 SEC vote, public companies would have to report on the risks to revenue impairment from severe weather, climate change and fossil fuel transition.
  • "This proposed SEC requirement sends a strong signal to all companies that they need to take climate risk seriously," XDI Systems CEO Rohan Hamden said today.
  • "The proposed SEC rules are a step towards making climate risk reporting mandatory.

NEW DATA QUANTIFIES SIGNIFICANT RISK TO GLOBAL INDICES FROM PHYSICAL CLIMATE RISK

Retrieved on: 
Wednesday, March 16, 2022
FTSE, Weather, STI, CAC, Risk, Nikkei, DAX, Hang Seng Index, ASX, Climate change, FTSE 350, XDI, HSI, Forest fire weather index, Hang, Flood, Risk management

The data has been published by physical risk experts, XDI, using a like-for-like methodology across 2.1 million commercial properties.

Key Points: 
  • The data has been published by physical risk experts, XDI, using a like-for-like methodology across 2.1 million commercial properties.
  • Companies listed on the Nikkei are most exposed, followed by companies listed in Hong Kong, Singapore, France and the UK.
  • "We have published the XDI 1000 to show that an objective and globally consistent approach to physical climate risk reporting is possible, which allows a like-for-like comparison for regulators, shareholders and companies," XDI CEO Rohan Hamden said.
  • "The reality is that many companies are already experiencing losses as a result of extreme weather events caused by climate change.

NEW DATA QUANTIFIES SIGNIFICANT RISK TO GLOBAL INDICES FROM PHYSICAL CLIMATE RISK

Retrieved on: 
Wednesday, March 16, 2022
FTSE, Weather, STI, CAC, Risk, Nikkei, DAX, Hang Seng Index, ASX, Climate change, FTSE 350, XDI, HSI, Forest fire weather index, Hang, Flood, Risk management

SYDNEY, March 16, 2022 /PRNewswire/ -- Companies' operational facilities and business continuity are increasingly at risk from extreme weather events with new data published today suggesting revenue impairments are set to increase 90% by 2050 under the current emissions trajectory.   

Key Points: 
  • The data has been published by physical risk experts, XDI, using a like-for-like methodology across 2.1 million commercial properties.
  • Companies listed on the Nikkei are most exposed, followed by companies listed in Hong Kong, Singapore, France and the UK.
  • "We have published the XDI 1000 to show that an objective and globally consistent approach to physical climate risk reporting is possible, which allows a like-for-like comparison for regulators, shareholders and companies," XDI CEO Rohan Hamden said.
  • "The reality is that many companies are already experiencing losses as a result of extreme weather events caused by climate change.

Li Auto Announces Inclusion of Its Shares in the Shenzhen-Hong Kong Stock Connect Program

Retrieved on: 
Monday, March 14, 2022
Family, Annual report, Private Securities Litigation Reform Act, Shenzhen Stock Exchange, Company, Hang Seng Composite Index Series, Bev Perdue, SUV, LI, U.S. Securities and Exchange Commission, Stock exchange, Shenzhen-Hong Kong Stock Connect, GLOBE, Erev Shel Shoshanim, Technology, Hong Kong Stock Exchange, Hang Seng Index, SEC, Shanghai-Hong Kong Stock Connect, Happiness, Terminology, Forward-looking statement, Risk management

The inclusion in the Shenzhen-Hong Kong Stock Connect program allows the Company to access a broader investor base and share its growth trajectory and further success with users, partners and investors in mainland China via the financial market.

Key Points: 
  • The inclusion in the Shenzhen-Hong Kong Stock Connect program allows the Company to access a broader investor base and share its growth trajectory and further success with users, partners and investors in mainland China via the financial market.
  • The Shenzhen-Hong Kong Stock Connect program is a mutual stock market access mechanism under which the Shenzhen Stock Exchange and the Stock Exchange of Hong Kong Limited have established technical connectivity to enable investors in Mainland China and the Hong Kong Special Administrative Region to trade eligible shares listed on each others market through their local securities companies or brokers.
  • Li Auto Inc. is an innovator in Chinas new energy vehicle market.
  • The Company started volume production of Li ONE in November 2019 and released the 2021 Li ONE in May 2021.

Navitas Drives Xiaomi Redmi K50 Mercedes-AMG Petronas F1 Gaming Phone

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Friday, March 11, 2022
Nasdaq, Industry, Life, S. D. Warren Co. v. Maine Board of Environmental Protection, Hong Kong Stock Exchange, Name, Mercedes-Benz in Formula One, Partnership, Partner, OLED, Gallium nitride, F1, Daimler AG, Smartphone, View, Mercedes-AMG, Hang Seng China Enterprises Index, Formula One, Xiaomi, Electronics, Fortune, VC, Multimedia, Align Technology, Fortune Global 500, Motherboard, ICS, Qualcomm, Redmi, William Arthur Ganfield, IOT, Full Speed (album), Sony, Hang Seng Index, Certification, Silicon, CEO, Mercedes, Navitas, Mobile phone, K50

The K50 Champion Edition gaming phone is a joint-release by Redmi and the legendary Mercedes-AMGPetronasF1team, celebrating their 2021-season Formula 1 constructors' championship victory.

Key Points: 
  • The K50 Champion Edition gaming phone is a joint-release by Redmi and the legendary Mercedes-AMGPetronasF1team, celebrating their 2021-season Formula 1 constructors' championship victory.
  • Matching the race-winning speed of the legendary 8-times-champion Mercedes-AMG F1 team, the co-branded Redmi K50 'champion'gaming phonecan fully charge in a lightning-fast 17 minutes.
  • Exterior design incorporates the Mercedes-AMG Petronas F1 team's exclusive green mid-waistline, green breathing lights, carbon-fiber-textured two-wing design, andthe F1 checkered flag.
  • Our newly-released Redmi K50 Champion Edition gaming phone comes with an in-box120W GaN charger, enabling an industry-leading charging experience.

TCL Electronics (01070.HK) Revenue in 2021 Increased by 46.9% YoY to HK$74.85 Billion

Retrieved on: 
Friday, March 11, 2022
Benchmark, Hang Seng Index, Internet, ESG, No, CES, TOKYO, Netflix, IOT, ASP, Ecosystem, Growth, TCL Electronics, Industry, ARPU, FTSE SmallCap Index, Company, Marketing, Electronics, Tencent, RESEARCH, TCL, Hang Seng Composite Index Series, QLED, Statistics, TSR, AR, Yoy, Mini, Cayman, R, Possibility, Hong Kong Stock Exchange, Research, Pressure, Android, Shenzhen-Hong Kong Stock Connect, Channel, IOE, Investment, Carbon, Board, Efficiency, Smartglasses, Roku, DingTalk, Group, Technology/Transformation: Wonder Woman, COVID-19, LTD, Airline, Renewable energy, Television, Video game, Mobile phone, PRC, Google

Global Revenue from TCL Smart Screen Display Business Increased by 24.3% YoY to HK$49.27 Billion, Ranking No.

Key Points: 
  • Global Revenue from TCL Smart Screen Display Business Increased by 24.3% YoY to HK$49.27 Billion, Ranking No.
  • However, the global market share of TCL smart screen continued to increase to 11.5%[2] in 2021, firmly ranking No.
  • Seen from regional markets, the sales revenue of TCL smart screen in North American markets increased by 24.8% year-on-year.
  • In 2021, the Company's revenue from all-category sales and marketing increased by 70.7% year-on-year to HK$6.37 billion.

Moody's upgrades Lenovo Group (00992.HK) to "Baa2"; outlook "stable"

Retrieved on: 
Monday, March 7, 2022
Cloud, RMB, Fitch, Financial management, Personal computer, S&P, Lenovo, Moody's Investors Service, Securities Daily, China Securities Journal, Hang Seng Index, EBITDA, BBB, BAA2, FY, Group, Development, Yoy, SMART Infrastructure Facility

Currently, all three major international credit rating agencies have assigned a more positive investment rating to Lenovo Group.

Key Points: 
  • Currently, all three major international credit rating agencies have assigned a more positive investment rating to Lenovo Group.
  • In addition to Moody's, Fitch affirmed Lenovo's rating at "BBB" with a "stable" outlook earlier, and S&P affirmed Lenovo's rating at 'BBB-' with a "positive" outlook in July 2021.
  • Moody's said, "The rating upgrade reflects Lenovo's improved credit profile in terms of leverage, driven by debt reduction and a higher level of EBITDA.
  • In addition, we expect the company's continued disciplined financial management will help it to maintain its excellent liquidity and improve debt leverage."

Techtronic Industries Delivers Exceptional 2021 Results with Outstanding Revenue and Profit Growth

Retrieved on: 
Wednesday, March 2, 2022
People, Electrolux, FTSE, Investment, Operational excellence, Industry, MSCI, Stock exchange, DIY, VAX, Power Equipment Direct, AEG, Growth, DIRT, Board, TTI, Company, ADR, Power, Hong Kong Stock Exchange, Innovative Products of America, CEO, Maintenance, The Group, RYOBI, EMPIRE, Sustainability Accounting Standards Board, Power tool, Hang Seng Index, Technology, Group, EBIT, ROW, Agent handling, Weapon

-- Full year organic sales growth of US$3.4 billion, +34.6%

Key Points: 
  • -- Full year organic sales growth of US$3.4 billion, +34.6%
    Gross margin improved for the 13th consecutive year, from 38.3% in 2020 to 38.8% in 2021.
  • Net Profit rose 37.2% to US$1.1 billion, with earnings per share increasing 37.1% over 2020 to US60.04 cents.
  • Every one of the Group's business units in all geographic regions delivered exceptional sales growth in 2021.
  • The global growth strategy of the relentless pursuit of product innovation has brought TTI to the forefront of its industries.