Announcement Featured | China Merchants Bank’s Q1 net profit increased by 12.52% year-on-year to 36 billion yuan; Zai Lab seeks to voluntarily convert to dual primary listing on the main board of the Hong Kong Stock Exchange

Featured Announcements

1. $China Merchants Bank (03968.HK)$ : Q1 net profit increased by 12.52% year-on-year to 36 billion yuan

China Merchants Bank released the report for the first quarter of 2022. During the reporting period, the revenue was 91.99 billion yuan, a year-on-year increase of 8.54%; the net profit was 36.022 billion yuan, a year-on-year increase of 12.52%.

According to information on the website of the Central Commission for Discipline Inspection and the State Supervision Commission, Tian Huiyu, the former secretary of the Party Committee and President of the company, was suspected of serious violations of discipline and law, and is currently undergoing disciplinary review and supervision investigation by the Central Commission for Discipline Inspection and the State Supervision Commission. At present, the company’s executive vice president Wang Liang is in charge of the work of China Merchants Bank. The company’s operation and management are running normally, and there is no undisclosed information that should be disclosed.

2. $Great Wall Motor (02333.HK)$ : Q1 net profit was 1.634 billion yuan, a year-on-year decrease of 0.34%

Great Wall Motor’s revenue in the first quarter of 2022 was 33.619 billion yuan, a year-on-year increase of 8.04%; the net profit attributable to shareholders of the listed company was 1.634 billion yuan, a year-on-year decrease of 0.34%. From December 1, 2021 to March 31, 2022, the company and its subsidiaries received government subsidies of 1.5 billion yuan.

3. $BYD Shares (01211.HK)$ : It is planned to repurchase shares for 1.8 billion to 1.85 billion yuan for employee stock ownership

BYD announced that the company plans to repurchase all A-shares for the employee stock ownership plan. The total number of people participating in the employee stock ownership plan shall not exceed 12,000. The employee stock ownership plan will transfer the company’s shares to be repurchased by the company through non-transactional transfer and other methods permitted by laws and regulations. The transfer price is 0 yuan per share, and participants do not need to make capital contributions.

4. $Zai Lab SB-Xin (09688.HK)$ : seeking voluntary conversion to dual primary listing on the main board of the Hong Kong Stock Exchange

Zai Lab announced that the board of directors has approved a motion seeking a voluntary conversion to dual primary listing on the main board of the Hong Kong Stock Exchange pursuant to the Hong Kong Stock Exchange Guidance Letter HKEX-GL112-22. The board also authorized the company’s senior management to carry out relevant preparations and take the necessary steps to complete the major transition. After the main conversion takes effect, the company will become a dual main listed company on the main board of the Hong Kong Stock Exchange and the Nasdaq Global Market. The Company’s ordinary shares and American depositary shares will continue to be traded on the Hong Kong Stock Exchange and the Nasdaq Global Market, respectively, and remain interchangeable.

5. The new antidepressant drug developed by CSPC (01093.HK)$ obtained the approval for drug registration

CSPC announced that the “Vortioxetine Hydrobromide Tablets (10mg)” (the “Product”) developed by CSPC Ouyi Pharmaceutical Co., Ltd., a subsidiary of the Company, has been approved by the State Drug Administration of the People’s Republic of China The drug registration approval document is deemed to have passed the consistency evaluation of the quality and efficacy of generic drugs.

Vortioxetine hydrobromide is a new type of antidepressant used to treat depression in adults.

6. $ Xinte Energy (01799.HK) $ 2.49 billion profit attributable to shareholders in the first quarter, an increase of 931.3% year-on-year

Xinte Energy released its results for the first quarter of 2022. The company’s operating income was 6.712 billion yuan, a year-on-year increase of 129.78%; the net profit attributable to shareholders of the listed company was 2.49 billion yuan, a year-on-year increase of 931.3%.

7. Shanghai Stock Exchange: $Ideal Auto-W(02015.HK)$ , $Huaxin Cement(06655.HK)$ and $Rongchang Bio-B(09995.HK)$ were added to the list of Southbound stocks , effective Monday

The Shanghai Stock Exchange announced that in accordance with the relevant provisions of the “Shanghai Stock Exchange’s Shanghai-Hong Kong Stock Connect Business Implementation Measures”, the list of Hong Kong stocks under Shanghai-Hong Kong Stock Connect will be transferred to Ideal Auto-W, Huaxin Cement and Rongchang Bio-B, and will be traded from the next Hong Kong Stock Connect. Effective from today (Monday 25th).

  • IPO

GOGOX HOLDINGS LIMITED submits a listing application to the Hong Kong Stock Exchange

  • Major issues

Great Wall Motor (02333) recently received government subsidies of 1.506 billion yuan

CSPC (01093): “Nifedipine Controlled Release Tablets” received drug registration approval

“Vortioxetine Hydrobromide Tablets (10mg)” developed by CSPC (01093) was approved for drug registration

“Esomeprazole Sodium for Injection (40mg)” developed by CSPC (01093) was approved for drug registration

CStone-B(02616): The New England Journal of Medicine publishes the results of the Phase III clinical study of Tosuvo® AGILE

China Merchants Bank (03968): Tian Huiyu, former Secretary of the Party Committee and President, is currently undergoing disciplinary review and supervision investigation by the Central Commission for Discipline Inspection and the State Supervision Commission for suspected serious violations of laws and regulations

Zai Lab-SB (09688) seeks voluntary conversion to dual primary listing on the main board of the Hong Kong Stock Exchange

Ruike Bio-B(02179): Over-allotment option was partially exercised and price stabilization period ended

  • Financial report data

China Merchants Securities (06099) released the first quarter results, net profit attributable to parent company was about 1.49 billion yuan, a year-on-year decrease of 42.99%

Shimao Group (00813) released Shanghai Shimao’s 2021 results, with a net profit of 961 million yuan

Xinte Energy (01799) Announces First Quarter Results Profit attributable to Shareholders of 2.49 billion Yuan, an Increase of 931.3% YoY

China Reinsurance (01508): The original premium income of China Continent Property & Casualty Insurance in the first quarter was approximately RMB 12.502 billion

Lianyirong Technology-W(09959) The customer retention rate of supply chain financial technology solutions in the first quarter was 95%

SITC International (01308) Revenue in the first quarter was approximately US$1.034 billion, a year-on-year increase of 65.4%

Sinopharm Holding (01099) released its first-quarter results, with a net profit attributable to the parent of RMB 1.428 billion, an increase of 17.41% year-on-year

China Merchants Bank (03968) released the first quarter report, net profit attributable to the parent company was 36.022 billion yuan, a year-on-year increase of 12.52%

CITIC Limited (00267) Announced CITIC Special Steel (000708.SZ) First Quarter Results Net Profit attributable to Owners of About RMB 1.948 billion, a Year-on-Year Increase of 0.93%

Great Wall Motor (02333) released the first quarter report, net profit attributable to parent company was about 1.634 billion yuan, a year-on-year decrease of 0.34%

Vinda International (03331) First-quarter net profit decreased by 37.8% year-on-year to HK$344 million

China National Heavy Duty Truck (03808) announced that Jinan Truck (000951.SZ) first quarter net profit was about 179 million yuan, a year-on-year decrease of about 78.9%

New China Insurance (01336) Issues Profit Alert, Net Profit attributable to Owners Drops by 70% to 80% in Q1

Mongolian Coking Coal (00975) Mined 302,000 tons of raw coal in the first quarter, down 86% year-on-year

  • tender offer

Guodian Science and Technology (01296): All prerequisites for privatization have been met

China Logistics Assets (01589): A total of approximately 1.501 billion shares were validly accepted The Offeror and parties acting in concert held 80.22% of the shares

  • repurchase cancellation

AIA (01299) repurchased 2,076,200 shares at HK$163 million on April 22

Jingdong Health (06618) on April 22 spent about HK$20,936,600 to repurchase about 465,600 shares

Kingsoft (03888) repurchased 624,200 shares at a cost of approximately HK$13,964,500 on April 22

Mingyuan Cloud (00909) repurchased 1,013,000 shares at a cost of about HK$9,198,800 on April 22

Standard Chartered Group (02888) repurchased 1,623,000 shares at £8.4786 million on April 21

Baoye Group (02355) repurchased 1.394 million shares at HK$6.004 million on April 22

Conch Venture (00586) repurchased 130,000 shares at a cost of about HK$2.814 million on April 22

Hysan Industrial (00014) repurchased 100,000 shares at a cost of HK$2,331,700 on April 22

CIFI Yongsheng Service (01995) on April 22, repurchased 194,000 shares at HK$1.984 million

Mobvista (01860) repurchased 1.6 million shares on April 22

China Software International (00354) cancelled 10 million shares for repurchase on April 22

HSBC Holdings (00005) cancelled a total of 8.5327 million shares on April 21

Ping An Good Doctor (01833) repurchased 460,000 shares on April 22

BYD (01211) plans to implement the 2022 employee stock ownership plan and the total amount of funds to repurchase the company’s shares will not exceed 1.85 billion yuan

Yidu Technology (02158) granted 612,900 share options

Red Star Macalline (01528) plans to spend 150 million to 300 million yuan to repurchase A shares

  • Additional placement

China Ruyi (00136) issued 64 million shares to Water Lily Investment

  • Equity change

HEC (01558): GPHL pledged shares of the company

Yadea Holdings (01585) gained 248,000 shares by its controlling shareholder

  • stock options

Sino Biopharmaceutical (01177): The trustee purchased 11 million shares under the share award plan

Xiabu Xiabu (00520): the RSU trustee purchased a further 2 million shares

Xinchengyue Service (01755): The trustee purchased 100,000 shares for the share award plan

Sinopharm-B (02257) proposed to grant up to approximately 8,904,000 new shares

  • dividends

China Merchants Land (00978) will pay 2021 final dividend of 6 HK cents per share on June 30

Bohai Bank (09668) plans to distribute a final dividend of 0.87 yuan per 10 shares

  • Asset M&A

Link REIT (00823) acquires Apollo Luck sales interest at a final consideration of HK$2,695.7 million

C&D International Group (01908) acquired 100% equity of C&D Nanjing from its controlling shareholder to participate in the development of Jiangyin land

  • Asset sale

AVIC (02357): Sale of 21.3% stake in AVIC New Energy

Qingdao Zhongji, a subsidiary of Ganghua Smart Energy (01083), sold 70% equity of Ganghua Comfort Home (Qingdao) to Ganghua Daojia (Qingdao)

  • Litigation disputes

Zheshang Bank (02016) Beijing Branch sued Beijing Guorui Xingye Real Estate and others for a financial loan contract dispute and received a notice of acceptance from the court. The total amount involved is about 2.041 billion yuan

  • secured loan

A wholly-owned subsidiary of CITIC Securities (06030) intends to provide guarantee for the issuance of US$300 million notes by subsidiary CSI MTN

Zijin Mining (02899) intends to provide guarantee for Zijin International’s loan with a total capital of not more than US$370 million

  • personnel changes

Conch Environmental Protection (00587): Wan Changbao appointed as executive director

CMOC (03993): Wu Yiming resigned as vice president and chief financial officer

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