智通财经APP讯，招商局中国基金(00133)发布公告，公司于2025年7月31日之未经审计每股资产净值为 5.240美元(41.11港元)。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產 生或因倚賴該等內容而引致之任何損失承擔任何責任。 （股份代號：133） 本公司於 2025 年 7 月 31 日之未經審計每股資產淨值為 5.240 美元(41.11 港元)。 香港，2025 年 8 月 15 日 於本公告日期，本公司執行董事為王效釘先生及簡家宜女士；非執行董事為周星先 生、姚望女士、柯世鋒先生及謝如傑先生；及獨立非執行董事為曾華光先生、厲放 博士、宮少林博士、 Michael Charles VITERI 先生及朱琦先生。 CHINA MERCHANTS CHINA DIRECT INVESTMENTS LIMITED 招商局中國基金有限公司 (於香港註冊成立之有限公司) ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年7月31日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 招商局中國基金有限公司 | | | 呈交日期: | 2025年8月1日 | | | I. 法定/註冊股本變動 不適用 | | | FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 FF301 III.已發行股份及/或庫存股份變動詳情 (A). 股份期權（根據發行人的股份期權計劃） 不適用 第 3 頁 共 10 頁 v 1.1.1 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00133 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | ...

Core Insights - On July 29, shareholders of China Merchants China Fund (00133) transferred shares from China Merchants Securities Hong Kong to Tianfeng International Securities and Futures, with a transfer value of HKD 240 million, representing 10.13% of the total shares [1] Company Summary - China Merchants China Fund announced that as of June 30, 2025, its unaudited net asset value per share is USD 5.122, equivalent to HKD 40.21 [1]

Group 1 - The core point of the article is that China Merchants China Fund has transferred its shares from China Merchants Securities Hong Kong to Tianfeng International Securities and Futures, with a market value of HKD 240 million, accounting for 10.13% of the total [1] - As of June 30, 2025, the unaudited net asset value per share of China Merchants China Fund is reported to be USD 5.122, equivalent to HKD 40.21 [1]

Summary of Key Points Core Viewpoint - The latest shareholder equity disclosures for several companies, including OKURA HOLDINGS, Sheng Tong Technology, Runmai De-B, Xin Feng Group, and China Merchants China Fund, were made on July 30, 2025, indicating significant changes in shareholding structures and ownership percentages. Group 1: OKURA HOLDINGS (01655) - Ichikura Limited increased its holdings from 72 million shares to 375 million shares, raising its ownership percentage from 12.00% to 62.50% [2][3] - Other entities such as Schädler Claude and Karmad AG also reported similar increases in their holdings, confirming a substantial consolidation of ownership [3] Group 2: Sheng Tong Technology (N23040) - Yang Xiaoyuan reduced his holdings from 138,000 shares to 127,500 shares, resulting in a decrease in ownership percentage from 0.48% to 0.44% [2] Group 3: Runmai De-B (02297) - Huang Li reduced his holdings from 111 million shares to 99.025 million shares, leading to a decrease in ownership percentage from 7.95% to 7.07% [2] - Multiple entities, including Shenzhen Futian Tongchuang Weiye and others, also reported reductions in their holdings, indicating a trend of divestment [2] Group 4: Xin Feng Group (01223) - Ke Qinghui and Huang Lining both reduced their holdings from 470 million shares to 424 million shares, with ownership percentages dropping from 15.80% to 14.26% [2] Group 5: China Merchants China Fund (00133) - Various entities under China Merchants China Fund reported complete divestment from their holdings, with previous ownership percentages ranging from 8.25% to 9.26% [2][3] - The fund's significant reduction in holdings indicates a strategic shift or reallocation of investment focus [3]

Summary of Key Points Core Viewpoint - As of July 14, a total of 138 stocks reached their 52-week highs, indicating a strong performance in the market, with notable leaders including Green Heart Group Holdings, OK Blockchain, and Pearl River Steel Pipe [1]. Group 1: Top Performers - Green Heart Group Holdings (02999) achieved a closing price of 0.013 with a peak of 0.017, marking a 70.00% increase [1]. - OK Blockchain (01499) closed at 0.680, reaching a high of 0.690, reflecting a 48.39% rise [1]. - Pearl River Steel Pipe (01938) had a closing price of 0.335 and a peak of 0.340, resulting in a 33.33% increase [1]. Group 2: Other Notable Stocks - Weishi Jiajie (00856) saw a 32.01% increase, closing at 8.870 with a high of 11.300 [1]. - Cloud Intelligence (09678) reached a high of 520.000, closing at 510.000, which is a 20.99% increase [1]. - China Chengtong Development Group (00217) closed at 0.165 with a peak of 0.166, marking a 14.48% rise [1]. Group 3: Additional Stocks with Significant Increases - Sihuan Pharmaceutical (00460) closed at 1.380, reaching a high of 1.430, which is a 14.40% increase [1]. - Taited Pharmaceutical (03880) had a closing price of 36.950 and a peak of 37.400, reflecting a 13.85% rise [1]. - Beihai Kangcheng-B (01228) closed at 0.850 with a high of 0.960, resulting in a 12.94% increase [1].

Group 1 - The company, China Merchants China Fund, has signed an investment agreement to inject 30 million RMB into Shanghai JBD Display Technology Co., Ltd. as part of its Series B financing round [1] - JBD, established in October 2015, specializes in the research and manufacturing of MicroLED technology, with R&D departments and factories located in Hefei and Shanghai, China [1][2] - JBD is recognized as a leader in the mass production and application of MicroLED micro-display chips for augmented reality (AR) glasses, boasting industry-leading features such as high brightness, low power consumption, and compact size [2] Group 2 - The company anticipates strong demand for consumer-grade AR products in the future, positioning MicroLED as a promising display solution for lightweight AR glasses [2] - JBD's founding team has extensive experience in optoelectronic materials and devices, providing the company with a significant technological advantage in the MicroLED micro-display sector [2] - With ongoing product iterations and the commercialization of downstream AR terminals, JBD is expected to have a favorable development outlook as a leading player in the MicroLED micro-display field [2]

Financial Performance - The group's audited net asset value as of December 31, 2024, is $647.38 million, an increase of 16.03% from $557.94 million in 2023[9]. - The group's audited post-tax comprehensive profit for 2024 is $120.35 million, a significant increase of 2,000.35% from $5.73 million in the previous year[9]. - The company's net profit attributable to shareholders for the year ended December 31, 2024, was $120.35 million, a significant increase of $114.62 million or 2000.35% compared to the previous year[19]. - The fund's net income from financial assets for the year was $137.5 million, compared to a net loss of $9.03 million in the previous year[19]. - The total net profit for 2024 reached $120,351,000, a significant increase from $5,726,000 in 2023, marking a year-over-year growth of approximately 2011%[129]. Investment Activities - The total value of the group's investment projects at the end of 2024 is $775.65 million, representing 96.13% of the total assets, up from $683.31 million in 2023[11]. - The group invested a total of $5.80 million in two projects in 2024, including $2.19 million in China International Capital Corporation and $3.61 million in iFlytek Medical Technology Co., Ltd.[12]. - The fund's total investment value as of December 31, 2024, was $775.65 million, with 58.71% allocated to financial services, 6.37% to cultural media and consumption, and 29.65% to information technology[28]. - The fund has approved a total of 69 investment projects with an approved investment amount of 4.27 billion RMB as of December 31, 2024[84]. - The fund aims to invest in quality mature projects while also exploring opportunities in emerging industries[108]. Dividend Policy - The group recommends a final dividend of $0.04 per share for 2024, maintaining the total annual dividend at $0.08 per share[9]. - The company declared an interim dividend of $0.04 per share for the year 2024, totaling $6,093,321, compared to no dividend in 2023[137]. - The proposed final dividend for 2024 is also $0.04 per share, totaling $6,093,321, down from $0.08 per share in 2023, which included a special dividend[137]. - The company aims to maintain a stable dividend policy while balancing business growth investments[139]. Economic Outlook - The World Bank projects global economic growth of 2.7% for 2025, with China's GDP expected to grow by 5.0%[10][14]. - The group anticipates challenges and opportunities in 2025, with a focus on supporting consumption recovery and infrastructure investment[14]. - China's economic performance is expected to continue recovering, with a focus on stabilizing growth, employment, and prices in 2025[107]. - Key tasks for 2025 include boosting consumption, enhancing investment efficiency, and promoting technological innovation to develop a modern industrial system[107]. Market Performance - The Shanghai Composite Index increased by 12.67% to close at 3,352 points by the end of 2024, while the Hang Seng Index rose by 17.67% to 20,060 points[11]. - The fund is monitoring foreign exchange risks, particularly due to a 1.49% depreciation of the RMB against the USD in 2024[25]. Corporate Governance - The company has established a domestic fund management platform, Shanghai Hanlun Private Fund Management Co., Ltd., to cater to domestic institutional investors[158]. - The company is committed to maintaining high standards of corporate governance to protect shareholder interests[198]. - The independent non-executive directors confirmed that the related transactions were conducted on fair and reasonable terms in the overall interest of the shareholders[192]. Investment Risks - The fund faces risks from market competition as more investment firms enter the private equity space, leading to increased competition for potential investment targets[112]. - Operational risks include the complexities of evaluating and selecting investment projects, which can impact investment time costs and returns[113]. - The fund cannot acquire more than 30% voting rights in any invested company, limiting its control over management decisions[113]. Fund Management - The management fee paid or payable to the investment manager for the year ending December 31, 2024, is $10,673,598, compared to $10,458,859 in 2023[191]. - A temporary investment management agreement was signed on December 17, 2024, with a management fee of HKD 9,900,000 (or equivalent in USD or RMB) effective from January 1, 2025[195]. - The investment manager is responsible for all investment and management duties related to the company's operations[200].

Core Viewpoint - Xinkai Technology (001335.SZ) has initiated its subscription with an issue price of 12.80 yuan per share and a price-to-earnings ratio of 14.38 times, focusing on the development, sales, and service of organic pigments and colorants [1][2]. Company Overview - Xinkai Technology specializes in organic pigments, including azo pigments, heterocyclic pigments, and phthalocyanine pigments, primarily used in inks, coatings, and plastics [1]. - The company has established subsidiaries in countries such as the Netherlands, the USA, Australia, Canada, Turkey, India, and the UK, with operations in over 70 countries and regions [2]. Market Position - Xinkai Technology is a leading exporter in the organic pigment industry in China, having ranked first in exports from 2015 to 2023 according to the China Dye Industry Association [2]. - The company has completed 89 REACH registrations for organic pigments and related chemicals, positioning itself as a leader in the domestic market for REACH compliance [2]. Financial Performance - The company reported revenues of approximately 1.206 billion yuan, 1.192 billion yuan, 1.069 billion yuan, and 666 million yuan for the years 2021, 2022, 2023, and the first half of 2024, respectively [2]. - Net profits for the same periods were 89.06 million yuan, 85.31 million yuan, 84.55 million yuan, and 42.49 million yuan [2]. - As of June 30, 2024, total assets amounted to 1.629 billion yuan, with equity attributable to shareholders at 597.35 million yuan and a debt-to-asset ratio of 60.68% [3].