翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 恒生銀行有限公司 呈交日期： 2025年8月4日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | | 股份類別 不適用 | | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 00011 | 說明 | 股份 | | | | | | | 多櫃檯證券代號 | 80011 | RMB 說明 | 股份 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 ...

据媒体消息，前渣打财富管理投资产品主管许国威离开渣打银行，于7月加入恒生银行(00011)、出任资 本市场部主管(Head of Capital Market)。资料显示，之前，许国威曾在渣打任职逾十年，更早之前他曾 任职于花旗将近十年。 ...

值得关注的是，恒生银行本次回购为年内首次进行回购。本次回购631.30万港元的百胜中国，年内则进 行多次回购，合计回购金额为10.29亿港元。（数据宝） 8月1日港股公司回购一览 | 代码 | 简称 | 回购股数 | 回购金额（万 | 回购最高价 | 回购最低价 | 年内累计回购金额 | | --- | --- | --- | --- | --- | --- | --- | | | | （万股） | 港元） | （港元） | （港元） | （万港元） | | 00011 | 恒生银行 | 20.00 | 2259.22 | 114.300 | 112.400 | 2259.22 | | 00345 | VITASOY INT'L | 184.40 | 1689.01 | 9.170 | 9.140 | 21697.79 | | 09987 | 百胜中国 | 1.72 | 631.30 | 369.600 | 364.800 | 102855.21 | | 09896 | 名创优品 | 5.26 | 193.59 | 37.500 | 36.250 | 31909.08 | | 01317 | 枫叶教育 | 1 ...

| 股票名称 | 回购数 | 回购额 | 年累计回购数量 | 年累计回购数量/总 | | --- | --- | --- | --- | --- | | | | | (股) | 股本 | | 恒生银行(00011) | 20.00 万 | 2259.22 万 | 20.00 万 | 0.011% | | VITASOY INT'L(00345) | 184.40 万 | 1689.01 万 | 2322.40 万 | 2.164% | | 百胜中国(09987) | 1.72 万 | 631.30 万 | 368.21 万 | 0.990% | | 贝壳-W(02423) | 65.99 万 | 400.00 万 | 1617.42 万 | 0.449% | | 百胜中国(09987) | 6.89 万 | 320.00 万 | 368.21 万 | 0.990% | | 名创优品(09896) | 5.26 万 | 193.59 万 | 348.03 万 | 0.280% | | 枫叶教育(01317) | 101.60 万 | 37.59 万 | 4440.60 万 | 1.490% | | 名创优品(0 ...

Core Viewpoint - The Li Ka-shing family's Cheung Kong Holdings is actively selling properties in the Greater Bay Area, attracting significant interest from Hong Kong buyers due to substantial price reductions in the market [1][5]. Group 1: Property Sales and Pricing - Cheung Kong Holdings is offering 400 units across four projects in the Greater Bay Area, with prices starting at 400,000 yuan, particularly highlighting the Huizhou Longpu Garden with a unit price of over 8,000 yuan per square meter, which is over a 30% drop from the average price in 2020 [1][5][6]. - The sales of the Yichui Manor in Guangzhou have seen a significant reduction in price, with units previously priced at 4-5 million yuan now being offered at 1.5-1.8 million yuan for smaller villas, indicating a market-wide price decline [3][4]. - The current inventory in Huizhou is high, and the price of new homes at 8,000 yuan per square meter is considered normal in the current market context [5][6]. Group 2: Buyer Behavior and Market Trends - There is a notable trend of Hong Kong buyers traveling to cities like Guangzhou and Dongguan to explore property options, indicating a shift in purchasing behavior towards seeking lower prices [3][4]. - The phenomenon of Hong Kong residents purchasing properties in the Greater Bay Area has been ongoing for 20-30 years, but has recently expanded due to improved transportation and favorable policies [8][10]. - The motivations for Hong Kong buyers have shifted from investment to retirement and personal residence, reflecting changes in demographics and lifestyle preferences [10].

Core Viewpoint - The company's 1H25 revenue growth of 3% met expectations, but net profit decreased by 35% year-on-year, primarily due to increased impairment losses in Hong Kong commercial real estate [1][2]. Revenue and Profit Trends - 1H25 net interest income fell by 7% year-on-year, with a weak loan demand leading to a decline in net interest margin to 1.99%, down from 2.29% in 1H24 and 2.20% in 2H24, mainly due to lower Hibor rates [1]. - Customer loans decreased by 5% year-on-year and 2% compared to the end of last year, indicating continued weak credit demand [1]. - Deposits grew by 9% year-on-year and 3% compared to the end of last year, with the company planning to allocate surplus funds to high-quality fixed-rate sovereign debt securities and structural hedging to mitigate future interest rate cuts' impact on net interest income [1]. Non-Interest Income - Fee income increased by 23% year-on-year, while other non-interest income rose by 46%, driven by strong growth in securities brokerage services, structured products, and investment fund sales [1]. - The increase in non-interest income was also supported by higher foreign exchange trading revenue due to market volatility and increased funding swap transactions [1]. Impairment Losses and Credit Costs - The significant increase in impairment losses, which were more than double that of the same period last year, was the main reason for the lower-than-expected net profit [2]. - The credit cost rose to 1.19%, compared to 0.35% in 1H24 and 0.77% in 2H24, primarily due to increased provisions for new non-performing loans in Hong Kong commercial real estate [2]. Dividends and Share Buybacks - Despite the decline in net profit, the company increased its dividend and maintained its share buyback program. The declared dividend for Q2 was HKD 1.3 per share, totaling HKD 2.6 per share for the first half, an 8% increase year-on-year [2]. Earnings Forecast and Valuation - The company adjusted its revenue forecasts for 2025E and 2026E upwards by 2.4% and 4.3% to HKD 41 billion and HKD 42.1 billion, respectively, while lowering the 2025E net profit forecast by 13.9% to HKD 14.7 billion and raising the 2026E net profit forecast by 4.1% to HKD 17.6 billion [2]. - The current trading valuation is at 1.3x for both 2025E and 2026E P/B, with a target price maintained at HKD 109.5, reflecting a potential downside of 3.8% [2].

Group 1 - InnoCare (02577.HK) has partnered with NVIDIA to promote the large-scale implementation of the 800 VDC power architecture in AI data centers, which is designed for efficient power supply in megawatt-level computing infrastructure [1] - The 800 VDC system offers significant advantages over traditional 54V systems in terms of efficiency, thermal loss, and reliability, enabling a 100-1000 times increase in AI computing power [1] - The company's third-generation GaN devices provide a comprehensive power solution from 800V input to GPU terminals, covering a voltage range from 15V to 1200V [1] Group 2 - China Ruyi (00136.HK) received a strategic investment of HKD 3.9 billion from Wuji Capital to accelerate business expansion and acquisition plans [2] - LEPU Biopharma-B (02157.HK) has authorized T-cell connector technology with an upfront payment of USD 10 million and potential milestone payments of up to USD 850 million [2] - Sinopec Engineering (02386.HK) signed a front-end engineering design (FEED) contract for a large green hydrogen project in Yanbu, Saudi Arabia [2] Group 3 - Geely Automobile (00175.HK) reported total vehicle sales of 237,700 units in July, a year-on-year increase of 58% [3] - Great Wall Motors (02333.HK) achieved approximately 104,372 vehicle sales in July, reflecting a year-on-year growth of 14.34% [3] - NIO-SW (09866.HK) delivered 21,017 vehicles in July [3]

恒生银行回购明细 | 日期 | 回购股数（万股） | 回购最高价（港元） | 回购最低价（港元） | 回购金额（万港元） | | --- | --- | --- | --- | --- | | 2025.08.01 | 20.00 | 114.300 | 112.400 | 2259.22 | （文章来源：证券时报网） 证券时报·数据宝统计，恒生银行在港交所公告显示，8月1日以每股112.400港元至114.300港元的价格回 购20.00万股，回购金额达2259.22万港元。该股当日收盘价112.900港元，下跌1.48%，全天成交额3.26 亿港元。（数据宝） ...

Group 1: Company Earnings - PCCW (00008.HK) reported a revenue of HKD 18.922 billion for the first half, a year-on-year increase of 7%, with a net loss of HKD 0.445 billion, narrowing by 4% [1] - Xinyi Solar (00968.HK) recorded a revenue of HKD 10.932 billion, a decrease of 6.5% year-on-year, with a net profit of HKD 0.746 billion, down 58.8% [2] - Xinyi Glass (00868.HK) had a revenue of HKD 9.821 billion, a year-on-year decrease of 9.7%, with a net profit of HKD 1.013 billion, down 59.6% [3] - Xinyi Energy (03868.HK) reported a revenue of HKD 1.21 billion, an increase of 7.7% year-on-year, with a net profit of HKD 0.45 billion, up 23.4% [4] - DTXS Silk Road Investment (02510.HK) issued a profit warning, expecting a mid-term net profit of approximately USD 180-200 million, a year-on-year increase of about 220% to 255% [5] - Lianhua Supermarket (00980.HK) issued a profit warning, expecting a mid-term net profit of approximately HKD 25-55 million [6] - Tibet Water Resources (01115.HK) issued a profit warning, expecting a mid-term net profit of approximately HKD 36 million, a year-on-year increase of about 300% [7] - Foton Motor (00420.HK) issued a profit warning, expecting a mid-term net profit of HKD 30.7 million, turning from loss to profit [8] - Hong Kong Travel (00308.HK) issued a profit warning, expecting a mid-term net loss exceeding HKD 70 million, turning from profit to loss [9] - Poly Property Group (00119.HK) issued a profit warning, expecting a mid-term net profit to decline by 40%-50% year-on-year [10] - Kefu Shan Group Holdings (08512.HK) issued a profit warning, expecting a mid-term net profit to decrease to approximately HKD 43-47 million [11] - Mobi Development (00947.HK) issued a profit warning, expecting a mid-term net loss of approximately HKD 32 million [12] - Changmao Biochemical Engineering (00954.HK) issued a profit warning, expecting a mid-term net loss of approximately HKD 24-27 million [13] - Yunyou Holdings (00484.HK) issued a profit warning, expecting a mid-term net loss to increase to approximately HKD 21 million [14] - Weiya Li (00854.HK) issued a profit warning, expecting a mid-term net profit of approximately HKD 15-25 million, turning from loss to profit [15] Group 2: Automotive Sales - BYD Company (01211.HK) reported sales of approximately 2.4903 million new energy vehicles in the first seven months, a year-on-year increase of 27.35% [16] - Great Wall Motors (02333.HK) reported total vehicle sales of approximately 674,200 units in the first seven months, a year-on-year increase of 3.57% [17] - Li Auto (02015.HK) delivered 30,731 new vehicles in July [18] - Geely Automobile (00175.HK) reported total vehicle sales of 237,700 units in July, a year-on-year increase of approximately 58% [19] Group 3: Company News - Sinopec Engineering (02386.HK) signed a front-end engineering design (FEED) contract for a large green hydrogen project in Yanbu, Saudi Arabia, with a contract value expected to reach several billion USD [20] - InnoCare Pharma (02577.HK) partnered with NVIDIA to jointly promote the large-scale implementation of 800 VDC power architecture in AI data centers [21] - Zijin Mining (02899.HK) received parliamentary approval for the mining lease of the Akyem gold mine in Ghana, with a total transaction value of USD 1 billion [22] - Codex-B (02487.HK) received approval from the Hong Kong Department of Health for the listing of CU-40102 (topical finasteride spray) for the treatment of androgenetic alopecia [23] - Mixue Group (02097.HK) subscribed to a wealth management product from Pudong Development Bank, involving an investment of HKD 300 million [24] Group 4: Buyback Activities - Hang Seng Bank (00011.HK) repurchased 200,000 shares at a cost of approximately HKD 22.5922 million, with repurchase prices ranging from HKD 112.4 to 114.3 [25] - Vitasoy International (00345.HK) repurchased 1.844 million shares at a cost of approximately HKD 16.89 million, with repurchase prices ranging from HKD 9.14 to 9.17 [26]

Group 1 - The core viewpoint of the news is that Hang Seng Bank has repurchased 200,000 shares at an average price of HKD 112.96 per share, totaling approximately HKD 22.59 million, which represents 0.01% of its total share capital for the year [1] - As of the closing on the same day, Hang Seng Bank's stock price decreased by 1.48%, closing at HKD 112.9 per share [1] - The bank's share buyback is seen as a positive market signal, indicating management's confidence in the company's financial health and belief that the stock is undervalued [1] Group 2 - Hang Seng Bank, founded on March 3, 1933, is the second-largest listed bank in Hong Kong, offering a wide range of services including retail banking, wealth management, commercial banking, and global banking and capital market services [2] - The bank has a long-standing presence in the Hong Kong financial market, known for its sound operating strategies, strong risk management capabilities, and high-quality customer service [2] - Hang Seng Bank provides comprehensive financial products and services to both individual and corporate clients, including savings, loans, credit cards, investments, and insurance [2]