RMB

China Hongqiao (01378.HK) Profits Surge, New Offshore Bond Issuance Expected

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星期三, 三月 13, 2024

China Hongqiao (01378.HK) Profits Surge, New Offshore Bond Issuance Expected

Key Points: 
  • China Hongqiao (01378.HK) Profits Surge, New Offshore Bond Issuance Expected
    In 2023, China's aluminum industry has witnessed significant growth, fueled by the gradual recovery of the real estate sector and the rapid expansion of the renewable energy industry.
  • The widening gap between supply and demand for electrolytic aluminum led to a rise in aluminum prices, subsequently boosting profits and profitability for China Hongqiao Group Limited(referred to as "China Hongqiao").
  • Therefore, to fulfill investors' demand for high-quality Chinese offshore assets, investment institutions are actively seeking ongoing issuance of offshore debt by China Hongqiao.
  • Currently, China Hongqiao has only two outstanding USD bonds: namely HONGQI 6.25 06/08/24 (senior bond) and HONGQI 5.25 01/25/26 (convertible bond).

Yuexiu REIT's Revenue Up by 11.4% for 2023

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星期四, 三月 7, 2024

HONG KONG, Mar 7, 2024 - (ACN Newswire) - Yuexiu Real Estate Investment Trust ("Yuexiu REIT", together with Yuexiu REIT Asset Management Limited, collectively known as the ?REIT?

Key Points: 
  • HONG KONG, Mar 7, 2024 - (ACN Newswire) - Yuexiu Real Estate Investment Trust ("Yuexiu REIT", together with Yuexiu REIT Asset Management Limited, collectively known as the ?REIT?
  • -- Operating revenue of the GZIFC complex was RMB1,031 million, accounting for 49.4% of the REIT's total revenue.
  • -- Yuexiu Financial Tower posted an operating revenue of approximately RMB399 million, representing 19.1% of the REIT's total revenue.
  • GZIFC and Yuexiu Financial Tower completed the renewal of Platinum Certification, and Wuhan Yuexiu Fortune Centre obtained the Net Zero Carbon Building Excellence Certification.

Lucas GC Limited (NASDAQ: LGCL) Successfully Listed on NASDAQ With Appealing Valuation of the "AI+PaaS" Theme

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星期三, 三月 6, 2024

Lucas' achievements are rarely seen among the recently listed companies on NASDAQ.

Key Points: 
  • Lucas' achievements are rarely seen among the recently listed companies on NASDAQ.
  • 51Job which is 30% owned by Recruit Holding of Japan, is the second largest shareholder of Lucas which demonstrates its endorsement of Lucas' business model and roadmaps.
  • For other strategic investors, the involvement of domestic AI unicorn BeagleData serves as a notable validation of the Company's AI technology.
  • Haier Group's investment brings forth a range of enhancements to the company's corporate governance and extends multidimensional industry resource supports to Lucas.

China Hongqiao (01378.HK) boosts cash flow, market awaits new offshore bond issue

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星期五, 三月 1, 2024

Therefore, to meet investors' demand for high-quality Chinese offshore assets, investment institutions seek continued issuance of offshore debt by China Hongqiao.

Key Points: 
  • Therefore, to meet investors' demand for high-quality Chinese offshore assets, investment institutions seek continued issuance of offshore debt by China Hongqiao.
  • Currently, China Hongqiao has only two outstanding USD bonds: HONGQI 6.25 06/08/24 (senior bond) and HONGQI 5.25 01/25/26 (convertible bond).
  • With the maturity of HONGQI 6.25 06/08/24, market uncertainties arise regarding whether China Hongqiao will issue offshore bonds again.
  • However, given the current market environment and policy changes, the market is concerned about whether it will issue offshore bonds again.

Digitalization Empowering Foreign Trade Shipping - Nanhua Logistics, a COSCO Shipping Group Subsidiary, Partners with Bravowhale Technology to Spearhead the Online Implementation of ESG Compliance Standards

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星期二, 二月 27, 2024

As the main artery for international freight transportation, maritime shipping shoulders nearly 90% of China's foreign trade transport volume.

Key Points: 
  • As the main artery for international freight transportation, maritime shipping shoulders nearly 90% of China's foreign trade transport volume.
  • Against this backdrop, aiming to assist foreign trade enterprises in tackling export ESG compliance challenges, Nanhua Logistics under COSCO Shipping partnered with Shanghai Bravowhale Information Technology Co., Ltd. (referred to as "Bravowhle Technology") on February 22nd.
  • By providing a streamlined pathway for ESG compliance processes, COSCO Shipping aims to offer standardized compliance services to Chinese foreign trade enterprises.
  • The collaboration with COSCO Shipping represents a significant step forward for Bravowhale Technology in expanding its online ESG compliance services.

NIO Inc. Reports Unaudited Fourth Quarter and Full Year 2023 Financial Results

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星期二, 三月 5, 2024

SHANGHAI, China, March 05, 2024 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Vehicle sales in the fourth quarter of 2023 were RMB15,438.7 million (US$2,174.5 million), representing an increase of 4.6% from the fourth quarter of 2022 and a decrease of 11.3% from the third quarter of 2023.
  • Other sales in the fourth quarter of 2023 were RMB1,664.5 million (US$234.4 million), representing an increase of 27.6% from the fourth quarter of 2022 and an increase of 0.4% from the third quarter of 2023.
  • Gross margin in the fourth quarter of 2023 was 7.5%, compared with 3.9% in the fourth quarter of 2022 and 8.0% in the third quarter of 2023.
  • Vehicle margin in the fourth quarter of 2023 was 11.9%, compared with 6.8% in the fourth quarter of 2022 and 11.0% in the third quarter of 2023.

HUTCHMED Reports 2023 Full Year Results and Provides Business Updates

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星期三, 二月 28, 2024

HONG KONG and SHANGHAI, China and FLORHAM PARK, N.J., Feb. 28, 2024 (GLOBE NEWSWIRE) -- HUTCHMED (China) Limited (“HUTCHMED”, the “Company” or “we”) (Nasdaq/AIM:​HCM; HKEX:​13), the innovative, commercial-stage biopharmaceutical company, today reports its financial results for the year ended December 31, 2023 and provides updates on key clinical and commercial developments. HUTCHMED to host results call and webcasts today at 7:30 a.m. EST / 12:30 p.m. GMT / 8:30 p.m. HKT in English, and at 8:30 a.m. HKT in Chinese (Putonghua) on Thursday, February 29, 2024.

Key Points: 
  • HUTCHMED is committed to progressively embedding sustainability into all aspects of our operations and creating long-term value for our stakeholders.
  • The 2023 Sustainability Report will be published alongside our 2023 Annual Report in April 2024 and will include further information on HUTCHMED sustainability initiatives and their performance.
  • Net Income attributable to HUTCHMED for 2023 was $100.8 million compared to Net Loss attributable to HUTCHMED of $360.8 million in 2022.
  • The net income attributable to HUTCHMED in 2023 was $0.12 per ordinary share / $0.59 per ADS49, compared to net loss attributable to HUTCHMED of $0.43 per ordinary share / $2.13 per ADS in 2022.

ACM Research Reports Fourth Quarter and Fiscal Year 2023 Results

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星期三, 二月 28, 2024

Total shipments in the fourth quarter of 2023 were $140 million, versus $197 million in the fourth quarter of 2022.

Key Points: 
  • Total shipments in the fourth quarter of 2023 were $140 million, versus $197 million in the fourth quarter of 2022.
  • ACM announced that its SAPS cleaning tool has been qualified for revenue from a large US manufacturer in the fourth quarter of 2023.
  • Unless otherwise noted, the following figures refer to the fourth quarter of 2023 and comparisons are with the fourth quarter of 2022.
  • ACM also believes it is in the best interests of investors for ACM to provide this non-GAAP information.

iQIYI Announces Fourth Quarter and Fiscal Year 2023 Financial Results

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星期三, 二月 28, 2024

The monthly average revenue per membership (ARM5) for the fourth quarter was RMB15.98, compared to RMB14.17 for the same period in 2022 and RMB15.54 for the third quarter in 2023, increasing 13% year over year.

Key Points: 
  • The monthly average revenue per membership (ARM5) for the fourth quarter was RMB15.98, compared to RMB14.17 for the same period in 2022 and RMB15.54 for the third quarter in 2023, increasing 13% year over year.
  • Diluted net income attributable to iQIYI per ADS was RMB0.48 (US$0.07) for the fourth quarter of 2023, compared to diluted net income attributable to iQIYI per ADS of RMB0.35 in the same period of 2022.
  • Net income attributable to iQIYI was RMB1.9 billion (US$271.2 million), compared to net loss attributable to iQIYI of RMB136.2 million in 2022.
  • It will automatically direct you to the registration page of " iQIYI Fourth Quarter and Fiscal Year 2023 Earnings Conference Call", where you may fill in your details for RSVP.

Luckin Coffee Inc. Announces Fourth Quarter and Full Year 2023 Financial Results

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星期五, 二月 23, 2024

BEIJING, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Luckin Coffee Inc. (“Luckin Coffee” or the “Company”) (OTC: LKNCY) today announced its unaudited financial results for the three months ended December 31, 2023 and fiscal year 2023.

Key Points: 
  • Total net revenues in the fourth quarter were RMB7,065.0 million (US$995.1 million), representing an increase of 91.2% from RMB3,695.0 million in the same quarter of 2022.
  • Average monthly transacting customers in the fourth quarter were 62.4 million, representing an increase of 154.2% from 24.6 million in the same quarter of 2022.
  • Same-store sales growth for self-operated stores in the fourth quarter was 13.5%, compared to 9.2% in the same quarter of 2022.
  • Revenues from partnership stores in the fourth quarter were RMB1,763.8 million (US$248.4 million), representing an increase of 109.1% from RMB843.4 million in the same quarter of 2022.