Group 1: Xiaomi Group (01810.HK) - Cathay Securities maintains a "Buy" rating for Xiaomi Group with a target price of HKD 65.7, expecting Q3 vehicle deliveries to approach 109,000 units, indicating operational profitability due to economies of scale [1] - The mobile phone business faces margin pressure due to rising storage costs, but the success of the Xiaomi 17 series in the high-end market is expected to offset some cost pressures [1] Group 2: Anta Sports (02020.HK) - CMB International maintains a "Buy" rating for Anta Sports but lowers the target price to HKD 110.9, citing intensified industry competition and a slowdown in recovery, leading management to revise the annual growth guidance to low single digits [2] - Despite short-term challenges, the long-term potential of the company's multi-brand strategy is still viewed positively [2] -招商证券 (Hong Kong) also maintains a "Buy" rating but reduces the target price to HKD 105.3, highlighting macro uncertainties and competition as factors affecting the brand's growth guidance [3] -浦银国际 lowers the target price to HKD 102.5, noting a cautious promotional strategy for the upcoming "Double Eleven" sales event, while maintaining a positive outlook on the multi-brand global strategy [9] Group 3: Fuyao Glass (06865.HK) - CMB International downgrades Fuyao Glass from "Buy" to "Neutral," citing a significant increase in sales driven by client stockpiling and cost reductions, but anticipates a decline in prices due to rapid inventory rebounds and excess capacity [4] Group 4: Dongyue Group (00189.HK) - Cathay Securities maintains a "Buy" rating for Dongyue Group with a target price of HKD 15.29, projecting a more than 209% year-on-year growth in the refrigerant segment in H1 2025, driven by rising product prices and quota restrictions [5] Group 5: Hengan International (01044.HK) - Cathay Securities maintains a "Buy" rating for Hengan International with a target price of HKD 45.2, noting rapid revenue growth in high-margin products like wet wipes and the potential for profit elasticity due to falling pulp prices [6] Group 6: Global New Material International (06616.HK) - Cathay Securities maintains a "Buy" rating for Global New Material International with a target price of HKD 5.27, highlighting the increase in control over overseas core assets and the expansion of production capacity [7] Group 7: Ping An Good Doctor (01833.HK) -浦银国际 maintains a "Hold" rating for Ping An Good Doctor with a target price of HKD 14.0, reporting a 14% year-on-year revenue growth and a 73% increase in net profit for the first three quarters of 2025 [10] Group 8: Zai Lab (09688.HK) -浦银国际 maintains a "Buy" rating for Zai Lab, noting the promising results of ZL-1310 in small cell lung cancer patients, with a 50% objective response rate and a potential to become an important therapy in the field [11]

Core Viewpoint - The company has successfully issued its fifth phase of ultra-short-term financing bonds amounting to RMB 500 million with an annual interest rate of 1.68% for a term of 179 days [1] Group 1 - The issuance of the fifth phase of ultra-short-term financing bonds will be published on the China Money website and the Shanghai Clearing House website [1] - Following this issuance, the company has an approved but unissued debt financing tool amounting to RMB 3.8 billion [1] - The proceeds from the fifth phase of ultra-short-term financing bonds are intended for debt repayment [1]

自願性公告 發行第五期超短期融資券 茲提述恒安國際集團有限公司（「本公司」）日期為二零二五年一月二十三日關於本公 司向中國銀行間市場交易商協會（「協會」）申請註冊及建議發行總額不超過人民幣75 億元債務融資工具（「債務融資工具」）（通知書文件號：中市協注[2025]DFI6號）獲得 通過之公告。 本公司董事會（「董事會」）欣然宣佈，於二零二五年十月二十七日，本公司已完 成發行本金額為人民幣5億元的第五期超短期融資券（「第五期超短融」），其票面 利率定為每年1.68%及為期179日。發行第五期超短融的結果會於中國貨幣網 (www.chinamoney.com.cn)及上海清算所網站(www.shclearing.com.cn)刊登。緊隨 完成後，其餘已核准但未發行之債務融資工具金額為人民幣38億元。 發行第五期超短融所得款項擬用作償還本公司的債務。 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 部分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。 （於開曼群島註冊成立的有限公司） （股份代號：1044） ...

Core Viewpoint - The CEO and Executive Director of the company has increased his stake in Hengan International by purchasing 200,000 shares at a price of HKD 27.6447 per share, totaling approximately HKD 5.5289 million, raising his ownership to about 282 million shares, which represents a 24.27% stake in the company [1] Group 1 - The CEO's recent purchase indicates confidence in the company's future performance [1] - The total amount spent on the share purchase is approximately HKD 5.5289 million [1] - The increase in shareholding brings the CEO's total shares to approximately 282 million [1] Group 2 - The new ownership percentage after the purchase is 24.27% [1] - The share price at which the CEO purchased the shares was HKD 27.6447 [1] - The transaction occurred on October 22 [1]

Group 1 - The CEO and Executive Director of the company, Xu Qingliu, increased his stake in Hengan International by purchasing 200,000 shares at a price of HKD 27.6447 per share, totaling approximately HKD 5.5289 million [1] - Following this transaction, the total number of shares held by Xu Qingliu is approximately 282 million, representing a holding percentage of 24.27% [1]

Core Viewpoint - Heng An International (01044) has successfully issued its fourth phase of ultra-short-term financing bonds amounting to RMB 500 million with an annual interest rate of 1.77% for a term of 269 days [1] Financing Details - The proceeds from the fourth phase of ultra-short-term financing bonds will be used to supplement the working capital of the company and its subsidiaries, as well as to repay part of the bank loans of domestic subsidiaries [1] - The remaining approved but unissued debt financing instruments amount to RMB 4.3 billion [1]

Core Viewpoint - Heng An International has successfully issued its fourth phase of ultra-short-term financing bonds amounting to RMB 500 million with an annual interest rate of 1.77% and a term of 269 days [1] Financing Details - The proceeds from the fourth phase of ultra-short-term financing bonds will be used to supplement the working capital of the company and its subsidiaries, as well as to repay part of the bank loans of domestic subsidiaries [1] - There remains an approved but unissued debt financing tool amounting to RMB 4.3 billion [1]

Core Viewpoint - The company has successfully issued its fourth phase of ultra-short-term financing bonds amounting to RMB 500 million at an annual interest rate of 1.77% for a term of 269 days [1] Group 1 - The proceeds from the fourth phase of ultra-short-term financing bonds will be used to supplement the company's and its subsidiaries' working capital and to repay part of the bank loans of domestic subsidiaries [1] - The company has a remaining approved but unissued debt financing tool amounting to RMB 4.3 billion [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 部分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。 http://www.hengan.com http://www.irasia.com/listco/hk/hengan 網址： 自願性公告 發行第四期超短期融資券 茲提述恒安國際集團有限公司（「本公司」）日期為二零二五年一月二十三日關於本公 司向中國銀行間市場交易商協會（「協會」）申請註冊及建議發行總額不超過人民幣75 億元債務融資工具（「債務融資工具」）（通知書文件號：中市協注[2025]DFI6號）獲得 通過之公告。 （於開曼群島註冊成立的有限公司） （股份代號：1044） 於本公告日期，董事會包括執行董事施文博先生、許清流先生、許大座先生、施煌 劍先生、許清池先生、李偉樑先生及許文默先生；及獨立非執行董事保羅希爾先 生、黃英琦女士、何貴清先生和陳闖先生。 本公司董事會（「董事會」）欣然宣佈，於二零二五年十月二十一日，本公司已完 成發行本金額為人民幣5億元的第四期超短期融資券（「第四期超短融」）， ...

Core Viewpoint - The executive director of Hengan International (01044) has increased his shareholding, indicating confidence in the company's future performance [1] Summary by Category Shareholding Activity - On October 16, the executive director Xu Qingliu purchased 200,000 shares of Hengan International at an average price of HKD 27.5687 per share, totaling approximately HKD 5.5137 million [1] - Following this purchase, the total number of shares held by Xu Qingliu is approximately 281 million, representing a holding percentage of 24.2% [1]