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 ...

比亚迪股份-R(81211)、中国海洋石油-R(80883)、美团-WR(83690)上一交易日沽空比率位于前三位，分 别为96.88%、80.42%、75.34%。美团-W(03690)、阿里巴巴-SW(09988)、快手-W(01024)的沽空金额位 居前三，分别为34.76 亿元、25.06 亿元、13.74 亿元。万科企业(02202)、中国海洋石油-R(80883)、比亚 迪股份-R(81211)的偏离值位居前三，分别为36.01%、35.40%、26.18%。 前十大沽空比率排行 | 股票名称 | 沽空金额 | 沽空比率↓ | 偏离值 | | --- | --- | --- | --- | | 比亚迪股份-R(81211) | 496.68 万元 | 96.88% | 26.18% | | 中国海洋石油-R(80883) | 57.37 万元 | 80.42% | 35.40% | | 美团-WR(83690) | 715.97 万元 | 75.34% | 15.02% | | 商汤-WR(80020) | 88.77 万元 | 66.55% | 13.10% | | 阿里巴巴-SWR(89988 ...

Key Points - The top three companies with net inflows from southbound funds are Xiaomi Group-W (01810) with 1.665 billion, Tencent Holdings (00700) with 830 million, and Alibaba-W (09988) with 747 million [1] - The companies with the highest net outflows are Pop Mart (09992) with -354 million, China Life (02628) with -351 million, and Kingsoft Cloud (03896) with -300 million [1] - In terms of net inflow ratio, Qin Port Co. (03369) leads with 78.68%, followed by Reshaping Energy (02570) with 76.94%, and Cang Port Railway (02169) with 65.01% [1] - The companies with the highest net outflow ratios include Chongqing Rural Commercial Bank (03618) at -61.37%, Bank of China Aviation Leasing (02588) at -53.31%, and Swire Properties (01972) at -45.99% [1] Net Inflow Rankings - Xiaomi Group-W (01810) had a net inflow of 1.665 billion, representing a 12.37% increase [2] - Tencent Holdings (00700) saw a net inflow of 830 million, with an 8.94% increase [2] - Alibaba-W (09988) recorded a net inflow of 747 million, reflecting a 10.60% increase [2] - The highest net inflow was observed in CSPC Pharmaceutical Group (01093) with 654 million and a 21.81% increase [2] Net Outflow Rankings - Pop Mart (09992) experienced a net outflow of -354 million, with a -10.47% decrease [2] - China Life (02628) had a net outflow of -351 million, reflecting a -11.90% decrease [2] - Kingsoft Cloud (03896) recorded a net outflow of -300 million, with a -24.18% decrease [2] - Meituan-W (03690) also saw a significant outflow of -291 million, representing a -5.32% decrease [2] Net Inflow Ratio Rankings - Qin Port Co. (03369) leads with a net inflow ratio of 78.68% and a net inflow of 340,000 [3] - Reshaping Energy (02570) follows with a net inflow ratio of 76.94% and a net inflow of 10.53 million [3] - Cang Port Railway (02169) has a net inflow ratio of 65.01% with a net inflow of 4.3967 million [3] - Other notable companies include Meizhong Jiahe (02453) with a 61.71% net inflow ratio [3] Net Outflow Ratio Rankings - Chongqing Rural Commercial Bank (03618) has the highest net outflow ratio at -61.37% with a net outflow of -1.04 billion [3] - Bank of China Aviation Leasing (02588) follows with a net outflow ratio of -53.31% and a net outflow of -15.3728 million [3] - Swire Properties (01972) has a net outflow ratio of -45.99% with a net outflow of -29.4662 million [3]

Group 1 - The article provides a list of companies listed on the Hong Kong stock market along with their dividend distribution dates and shareholder meeting dates [1][4][5] - Notable companies mentioned include China Railway, Green Town China, and Budweiser APAC, which are scheduled for dividend payments [4][5] - The document outlines various companies' actions regarding capital increases and dividend distributions, indicating ongoing corporate activities in the market [4][5]

Group 1 - The core viewpoint of the article is the launch of the "Tianli Qiming AI Companion" large model, which is the first AI model approved for large-scale application in campus education in China, currently used in 107 schools with 250,000 teachers and students [1] - The "Tianli Qiming AI Companion" model integrates generative AI technology with a research-based educational system, creating a comprehensive smart ecosystem covering teaching, learning, management, assessment, and practice [1][2] - The company plans to pilot an "empathetic AI teacher" by September and aims to build a digital education community with 100 schools and 1,000 enterprises within three years, providing quality educational resources to one million students [1] Group 2 - The AI education market in China is entering a critical phase in 2025, driven by policies, technology, and capital, with a focus on the comprehensive implementation of AI in education [2] - The Ministry of Education and nine other departments have issued guidelines to accelerate digital education, emphasizing the construction of educational large models and the promotion of "AI + education" scenarios [2] - The "Tianli Qiming AI Companion" model supports the launch of an AI high school exam preparation camp, which addresses the rigid demand for personalized training and assessment optimization during the critical exam preparation phase [2] Group 3 - The company has a strong advantage due to its long-term high-quality content reserves and practical experience, as well as a robust flow of students from its own and managed school networks [3] - The company maintains its revenue forecast, expecting revenues of 4.32 billion RMB, 5.64 billion RMB, and 7.39 billion RMB for FY25-27, with net profits of 780 million RMB, 1.02 billion RMB, and 1.35 billion RMB respectively [3] - The expected EPS for FY25-27 is projected to be 0.37 RMB, 0.49 RMB, and 0.64 RMB [3]