Group 1 - The top three companies with the highest short positions as of August 15 are WuXi AppTec (02359), CATL (03750), and COSCO Shipping Holdings (01919), with short ratios of 14.92%, 14.41%, and 13.40% respectively [1][2] - The companies with the largest absolute increase in short positions are Heng Rui Medicine (01276), Yao Cai Securities (01428), and Modern Animal Husbandry (01117), with increases of 2.49%, 1.34%, and 1.31% respectively [1][2] - The companies with the largest absolute decrease in short positions are Ganfeng Lithium (01772), WuXi AppTec (02359), and Fourth Paradigm (06682), with decreases of -2.98%, -2.67%, and -2.28% respectively [1][2] Group 2 - The top ten companies with the highest short ratios include Ping An Insurance (02318) at 12.46%, Green Leaf Pharmaceutical (02186) at 12.36%, and Vanke Enterprises (02202) at 12.13% [2] - The companies with the most significant increases in short ratios include Heng Rui Medicine (01276) from 0.51% to 2.99%, Yao Cai Securities (01428) from 3.47% to 4.81%, and Modern Animal Husbandry (01117) from 4.74% to 6.05% [2] - The companies with the most significant decreases in short ratios include Ganfeng Lithium (01772) from 13.32% to 10.34%, WuXi AppTec (02359) from 17.59% to 14.92%, and Fourth Paradigm (06682) from 2.74% to 0.46% [2][3]

Key Points - The top three stocks with net inflows from southbound funds are China Life (02628) with 1.58 billion, Southern Hang Seng Technology (03033) with 768 million, and Alibaba-W (09988) with 452 million [1][2] - The top three stocks with net outflows are Tencent Holdings (00700) with -1.20 billion, Anta Sports (02020) with -697 million, and Rongchang Biopharmaceutical (09995) with -584 million [1][2] - In terms of net inflow ratio, Datang Renewable (01798) leads with 74.45%, followed by Shenzhen Expressway (00548) with 50.53%, and Bosideng (03998) with 50.23% [1][3] - The top three stocks with the highest net outflow ratios are Chongqing Rural Commercial Bank (03618) at -58.46%, Kington Services (09666) at -54.34%, and Poly Property Group (00119) at -51.88% [1][3] Net Inflow Rankings - The top ten stocks by net inflow include: - China Life (02628): 1.58 billion, 34.91% increase, closing price 23.620 (+3.60%) [2] - Southern Hang Seng Technology (03033): 768 million, 14.65% increase, closing price 5.475 (-0.90%) [2] - Alibaba-W (09988): 452 million, 4.38% increase, closing price 121.800 (-1.54%) [2] - Other notable stocks include Li Auto-W (02015) with 349 million and AIA Group (01299) with 317 million [2] Net Outflow Rankings - The top ten stocks by net outflow include: - Tencent Holdings (00700): -1.20 billion, -5.56% decrease, closing price 590.000 (+0.68%) [2] - Anta Sports (02020): -697 million, -40.49% decrease, closing price 92.450 (+2.72%) [2] - Rongchang Biopharmaceutical (09995): -584 million, -33.65% decrease, closing price 77.450 (+13.65%) [2] - Other notable stocks include Meituan-W (03690) with -387 million and China Construction Bank (00939) with -366 million [2] Net Inflow Ratio Rankings - The top stocks by net inflow ratio include: - Datang Renewable (01798): 74.45%, net inflow of 14.5175 million, closing price 2.360 (+0.85%) [3] - Shenzhen Expressway (00548): 50.53%, net inflow of 8.719 million, closing price 7.020 (0.00%) [3] - Bosideng (03998): 50.23%, net inflow of 6.728 million, closing price 4.630 (+0.65%) [3]

Group 1 - Xindong Company (02400) reported a positive earnings forecast, expecting revenue of at least RMB 3.05 billion for the first half of 2025, a year-on-year increase of approximately 37%, and a net profit of at least RMB 790 million, a year-on-year increase of about 215% [1] - Yimai Sunshine (02522) also announced a positive earnings forecast, expecting revenue between RMB 450 million to 480 million for the first half of the year, a year-on-year increase of approximately 8.77% to 16.03%, and a net profit of RMB 14.5 million to 16.5 million, a year-on-year increase of about 1350% to 1550% [1] - Tianli International Holdings (01773) plans to repurchase shares up to a total of HKD 200 million based on market conditions, believing that the share buyback plan is in the best interest of the company and its shareholders [2] Group 2 - Liaogang Co., Ltd. (02880) reported a total operating revenue of RMB 5.693 billion for the first half of 2025, a year-on-year increase of 5.93%, and a net profit attributable to shareholders of RMB 956 million, a year-on-year increase of 110.78% [2] - Yuan Zheng Technology (02488) reported a revenue of RMB 982 million for the first half of 2025, a year-on-year increase of 9.75%, and a net profit of RMB 195 million, a year-on-year increase of 27.74% [2] - Geekplus Technology (02590) expects revenue between RMB 995 million to 1.03 billion for the first half of the year, a year-on-year increase of 27% to 32%, while the net loss is expected to narrow significantly [3] Group 3 - Lee & Man Paper Manufacturing (02314) and other leading companies in the paper industry have initiated a price increase for various products starting August 1, indicating a significant acceleration in price adjustment frequency within the industry [3] - Xinda Biopharmaceutical (01801) announced that its innovative oral small molecule GLP-1R agonist IBI3032 has received IND approval from the FDA [4] - Heyu-B (02256) reported a revenue of RMB 612 million for the first half of the year, a year-on-year increase of 23.1%, and a net profit of RMB 328 million, a year-on-year increase of 58.84% [4] Group 4 - Bilibili (BILI.US) is expected to achieve a revenue growth of 20% year-on-year to RMB 7.3 billion in the second quarter, driven by stable performance in mobile games [5][6] - Li Auto (LI.US) launched the Li Xiang i8, with deliveries starting on August 20, and received positive outlooks from multiple institutions [6] - Xpeng Motors (XPEV.US) achieved a new monthly delivery record in July, delivering 36,717 smart electric vehicles, a year-on-year increase of 229% [7]

Core Viewpoint - Tianli International Holdings (01773) has announced a share buyback plan of up to HKD 200 million, which is expected to enhance shareholder value and reflects the company's commitment to its long-term growth strategy [1]. Group 1: Share Buyback Announcement - The company plans to repurchase shares in the open market based on market conditions and buyback authorization, with a maximum total of HKD 200 million [1]. - The actual repurchase price per share will not exceed 5% of the average closing price over the five trading days preceding each buyback [1]. - The board believes that the share buyback plan is in the best interest of the company and its shareholders [1]. Group 2: Market Performance and Analyst Insights - Tianli International Holdings' stock price increased by over 8%, reaching HKD 4.41, with a trading volume of HKD 29.58 million [1]. - According to recent research from Guotai Junan Securities, the company is currently in a phase of internal expansion and technology empowerment, indicating strong growth potential in its high school segment [1]. - The AI-driven exam preparation program has shown promising results and is expected to scale up in the future [1]. - The company is advancing its asset-light model, effectively controlling investments and improving profit margins while maintaining a steady expansion pace and high-quality academic performance [1].

Group 1 - Tianli International Holdings (01773) shares rose over 8%, currently up 8.09% at HKD 4.41, with a trading volume of HKD 29.58 million [1] - The company announced a share buyback plan with a maximum total amount of HKD 200 million, to be executed in the open market, with the buyback price not exceeding 5% of the average closing price over the previous five trading days [1] - The board believes that the share buyback plan is in the best interest of the company and its shareholders [1] Group 2 - According to recent research from Guotai Junan Securities, the company is currently in a phase of internal expansion and technology empowerment, with significant growth potential in the high school segment [1] - The AI-driven exam preparation camp has shown effective results and is expected to scale up monetization in the future [1] - The company is accelerating its asset-light model, effectively controlling investments and improving profit margins, while maintaining a steady expansion pace and high-quality academic performance, indicating long-term growth resilience [1]

智通财经APP获悉，天立国际控股(01773)涨超8%，截至发稿，涨8.09%，报4.41港元，成交额2958.16万 港元。 此外，国泰海通证券近期研报指出，公司当前正处于内生扩张与科技赋能双轮驱动阶段，高中板块具备 扩容潜力，AI高考冲刺营验证成效、未来有望放量变现。托管及轻资产模式推进加快，有效控制投 入、提升利润率。公司坚持利润导向，扩张节奏稳健，维持优质升学表现，具备长期成长韧性。 消息面上，天立国际控股公布，公司将根据市况及购回授权，动用最高总额2亿港元不时于公开市场上 购回股份。每股股份的实际购回价格不得高于股份于紧接每次购回前五个交易日的平均收市价的5%。 董事会认为，股份回购计划符合公司及其股东的整体最佳利益。 ...

Core Viewpoint - Tianli International Holdings (01773.HK) plans to exercise a general mandate granted by shareholders at the annual general meeting on January 16, 2025, to repurchase up to 10% of its issued shares, excluding 9,774,000 shares already repurchased on the Hong Kong Stock Exchange [1] Group 1 - The board of directors has decided to utilize a maximum total of HKD 200 million to repurchase shares in the open market during the period from the announcement date until the next annual general meeting [1] - The actual repurchase price per share will not exceed 105% of the average closing price of the shares over the five trading days preceding each repurchase [1] - The share buyback plan is deemed to be in the best interest of the company and its shareholders, aimed at promoting sustainable operations and maximizing shareholder value [1]

Core Viewpoint - Tianli International Holdings (01773) announced that the board intends to exercise the general authority granted by shareholders at the annual general meeting on January 16, 2025, to repurchase company shares [1] Summary by Relevant Sections Share Repurchase Authorization - The company is authorized to repurchase up to 10% of the total issued shares (excluding 9.774 million shares repurchased on the Hong Kong Stock Exchange that have not been canceled as of the annual meeting date), which amounts to a maximum of 211 million shares [1] Purpose of Share Repurchase - The board aims to promote sustainable operations and development, safeguard long-term investor interests, and maximize shareholder value. This decision is based on a comprehensive assessment of the company's current operational and financial status, as well as future development prospects [1] Financial Details of the Repurchase - The company plans to utilize a maximum total of HKD 200 million to repurchase shares in the open market during the period from the announcement date until the next annual general meeting, or until the repurchase authority is revoked or amended by shareholders. The actual repurchase price per share will not exceed 5% of the average closing price over the five trading days preceding each repurchase [1] Board's Conclusion - The board believes that the share repurchase plan aligns with the overall best interests of the company and its shareholders [1]

Core Viewpoint - Tianli International Holdings (01773) plans to exercise the general mandate granted by shareholders at the annual general meeting on January 16, 2025, to repurchase company shares, aiming to enhance sustainable operations and maximize shareholder value [1] Summary by Relevant Sections - **Share Repurchase Authorization** - The company is authorized to repurchase up to 10% of the total issued shares at the annual general meeting, which amounts to a maximum of 211 million shares, excluding 9.774 million shares already repurchased on the Hong Kong Stock Exchange [1] - **Financial Commitment** - The board has decided to allocate a maximum total of HKD 200 million for share repurchases in the open market during the period from the announcement date until the next annual general meeting, or until the repurchase mandate is revoked or amended by shareholders [1] - **Price Limitation** - The actual repurchase price per share shall not exceed 105% of the average closing price of the shares for the five trading days immediately preceding each repurchase [1] - **Strategic Rationale** - The board believes that the share repurchase plan aligns with the overall best interests of the company and its shareholders, considering the current operational and financial conditions as well as future development prospects [1]

（於開曼群島註冊成立的有限公司） （股份代號：1773） 自願性公告 有意於市場上進行股份購回 董事無意行使購回授權，導致公眾人士持有之股份數目低於聯交所規定之最低百 分比，或引致須根據收購守則規則26及32履行對股東作出全面要約責任之程度。 本公告乃由天立國際控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）作 出的自願公告。 本公司董事會（「董事會」）謹此宣佈，其擬行使股東藉於二零二五年一月十六日舉 行之本公司股東週年大會（「股東週年大會」）上通過的股東決議案授予董事會的一 般授權（「購回授權」），以購回本公司股份（「股份」）的權力。根據購回授權，本公 司獲准購回於股東週年大會上已發行股份總數（不包括在香港聯合交易所有限公 司購回的9,774,000股股份，其於股東週年大會日期尚未註銷）的最多10%（即最多 210,588,000股股份）。 為促進本公司的可持續經營及發展，維護投資者的長期利益及使股東價值最大 化，經綜合考慮本公司目前的經營狀況、財務狀況及未來發展前景，董事會決定 於本公告日期至本公司下屆股東週年大會結束（屆時購回授權將屆滿）或股東於股 東大會上撤銷或更改購回授權期間，本公司將根據市 ...