Core Viewpoint - Hong Kong Travel (00308) issued a profit warning, predicting a significant loss for the first half of 2025 compared to a profit in the first half of 2024 [1] Financial Performance - The company expects to report a shareholder loss exceeding 0.70 billion HKD for the first half of 2025, in contrast to a profit of 0.63 billion HKD in the first half of 2024 [1] - Following the announcement, the stock price dropped by 4.52%, trading at 1.69 HKD with a transaction volume of 12.1967 million HKD [1] Reasons for Loss - The board attributes the shift from profit to loss primarily to a decline in the fair value of investment properties due to market fluctuations [1] - Impairment provisions were made for subsidiaries, including Hong Kong Travel (Zhuhai) Haichuan Bay Co., Ltd. and China Travel (Xianyang) Haichuan Bay Co., Ltd. [1]

消息面上，8月1日，香港中旅发布公告，与2024年上半年股东应占利润0.63亿港元相比，预期该集团于 2025年上半年将取得股东应占亏损超过0.70亿港元。 香港中旅(00308)盈警后跌超4%，截至发稿，跌4.52%，报1.69港元，成交额1219.67万港元。 董事局认为，由盈转亏主要由于投资性物业公允价值随市场波动下降，公司的附属公司港中旅(珠海)海 泉湾有限公司及中旅(咸阳)海泉湾有限公司计提减值。 ...

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]

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]

董事局认为，由盈转亏主要由于投资性物业公允价值随市场波动下降，公司的附属公司港中旅(珠海)海 泉湾有限公司及中旅(咸阳)海泉湾有限公司计提减值。 香港中旅(00308)公布，与2024年上半年股东应占利润0.63亿港元相比，预期该集团于2025年上半年将取 得股东应占亏损超过0.70亿港元。 ...

Group 1 - The company expects to report a loss of over HKD 0.70 billion for the first half of 2025, compared to a profit of HKD 0.63 billion in the first half of 2024 [1] - The board attributes the shift from profit to loss primarily to a decline in the fair value of investment properties due to market fluctuations [1] - Impairment provisions have been made for the company's subsidiaries, namely China Travel (Zhuhai) Haichuan Bay Co., Ltd. and China Travel (Xianyang) Haichuan Bay Co., Ltd. [1]

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的內容概不負責，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 容而引致的任何損失承擔任何責任。 （於香港註冊成立之有限公司） 董事局認為，截至二零二五年六月三十日止六個月由盈轉虧主要由於投資性物業公允價值隨市場波 動下降，本公司之附屬公司港中旅（珠海）海泉灣有限公司及中旅（咸陽）海泉灣有限公司計提減值。 由於本公司仍未落實本集團截至二零二五年六月三十日止六個月之中期業績，本公告所載之資料僅 按董事局對本公司截至二零二五年六月三十日止六個月之未經審核合併管理賬目之初步評估及董事 局目前可得資料而作出，且並未經本公司核數師及董事局轄下之審核委員會審閱。本集團截至二零 二五年六月三十日止六個月實際業績可能與本公告所披露者存在差異，及可能須待進一步修訂及調 整（倘必要）。有關本集團表現之詳情將載於本集團截至二零二五年六月三十日止六個月之中期業績 公告，該公告將按上市規則所規定於二零二五年八月底之前刊發。 1 本公司股東及潛在投資者於買賣本公司股份時務請審慎行事。 承董事局命 香港中旅國際投資有限公司 （股 ...

截至2024年年报，香港中旅营业总收入42.85亿元、净利润9813.43万元。 7月31日，香港中旅(00308)盘中上涨5.62%，截至13:42，报1.88元/股，成交1.43亿元。 香港中旅国际投资有限公司是一家以旅游为主业的国有骨干企业，业务涵盖旅行社、景区、酒店、免 税、旅游交通、证件业务、邮轮、地产等，网络遍布内地、港澳和海外30多个国家和地区。截至2023年 底，公司员工超过4.3万人，总资产超过2000亿元，全资或控股子企业超过600户，每年接待游客超过 8000万人次。 本文源自：金融界 作者：行情君 ...

Core Insights - Kingsoft Cloud made its debut on the Hong Kong Stock Connect active trading list on July 15, marking its first appearance in the past month [1] - The total trading volume of active stocks on the Hong Kong Stock Connect reached HKD 485.32 billion, accounting for 32.19% of the day's total trading amount, with a net sell amount of HKD 4.08 billion [1] Trading Activity Summary - Alibaba-W had the highest trading volume at HKD 115.93 billion, followed by Tencent Holdings at HKD 65.87 billion and Meituan-W at HKD 63.15 billion [1] - The most frequently listed stocks in the past month were Alibaba-W and Tencent Holdings, each appearing 21 times, indicating strong interest from Hong Kong Stock Connect investors [1] - Kingsoft Cloud recorded a trading volume of HKD 41.33 billion on its first appearance, with a net buying amount of HKD 0.15 billion and a closing price increase of 16.81% [1] Active Stocks List - The active stocks on July 15 included: - Tencent Holdings: Trading amount HKD 65.87 billion, net sell HKD 8.31 billion, closing price HKD 517.500, daily change +3.50% [1] - Xiaomi Group W: Trading amount HKD 42.78 billion, net sell HKD 5.25 billion, closing price HKD 57.650, daily change +0.61% [1] - Alibaba W: Trading amount HKD 115.93 billion, net sell HKD 0.03 billion, closing price HKD 113.500, daily change +6.97% [1] - Meituan-W: Trading amount HKD 63.15 billion, net buy HKD 6.47 billion, closing price HKD 126.200, daily change +4.38% [1] - Kingsoft Cloud: Trading amount HKD 41.33 billion, net buy HKD 0.15 billion, closing price HKD 7.920, daily change +16.81% [1]

Group 1 - The Hang Seng Index rose by 1.60% on July 15, with southbound funds totaling a transaction amount of 150.755 billion HKD, including 77.289 billion HKD in buy transactions and 73.466 billion HKD in sell transactions, resulting in a net buy of 3.824 billion HKD [1] - The southbound trading through Stock Connect (Shenzhen) had a cumulative transaction amount of 54.072 billion HKD, with net buying of 2.234 billion HKD, while Stock Connect (Shanghai) had a cumulative transaction amount of 96.683 billion HKD, with net buying of 1.590 billion HKD [1] - Alibaba-W had the highest transaction amount among southbound funds at 11.593 billion HKD, followed by Tencent Holdings and Meituan-W with transaction amounts of 6.587 billion HKD and 6.315 billion HKD respectively [1] Group 2 - Meituan-W recorded a net buy of 647 million HKD, with a closing price increase of 4.38%, while Tencent Holdings faced the highest net sell of 831 million HKD, despite a closing price increase of 3.50% [1][2] - Among the stocks with continuous net buying, Meituan-W had the highest net buy amount of 5.752 billion HKD over 7 days, followed by Giant Star Legend with a net buy of 528 million HKD over 5 days [2] - The stocks with the highest net sell amounts included Tencent Holdings and Xiaomi Group-W, with total net sells of 1.820 billion HKD and 1.708 billion HKD respectively [2]