Group 1 - The Hong Kong stock market saw significant gains, with the MicroStrategy Group leading with a 12.57% increase [1] - Other notable performers included Li Auto, BeiGene, and China Southern Airlines, which rose by 8.83%, 7.79%, and 6.17% respectively [1] - Additional companies such as Kangmei Pharmaceutical, China Eastern Airlines, and Meituan also experienced increases exceeding 5% [1] Group 2 - The overall market sentiment appears positive, as multiple stocks in the technology and automotive sectors are showing strong upward trends [1] - The performance of these companies indicates a potential bullish trend in the Hong Kong stock market, particularly in the sectors mentioned [1]

Core Viewpoint - Weimob Group has launched the "Weimob X WeChat Store" series of solutions aimed at helping merchants achieve efficient integration and business growth within the WeChat Store ecosystem [1] Group 1 - The launch includes five integrated solutions designed to enhance operational efficiency and business capabilities for merchants [1] - The solutions focus on integrated operations, intelligent efficiency improvements, organizational node management, and a WeChat Store CRM membership operation system [1] - The overall goal is to significantly boost the operational efficiency and business growth of merchants based on the WeChat Store ecosystem [1]

Investment Rating - The report assigns a "Buy" rating to the company with a target price of HKD 3.86, representing an expected upside of 28.5% from the current price of HKD 3.00 [1][4][11]. Core Insights - The "Gift" feature in WeChat is expected to enhance the e-commerce ecosystem, driving demand for merchant services. This feature is currently in the exploratory phase and is anticipated to evolve, especially during major holidays, potentially replicating the success of the "WeChat Red Packet" phenomenon [3][4][8]. - The company is projected to see a continuous reduction in losses, benefiting from the growth of the WeChat ecosystem. With the completion of the WeChat mini-store integration expected in the first half of 2025, the company is well-positioned to capitalize on the burgeoning demand for SaaS and operational services in the WeChat e-commerce space [4][10]. Financial Summary - The company’s revenue projections for 2024-2026 are estimated at RMB 18.1 billion, RMB 21.0 billion, and RMB 25.1 billion, respectively, with year-on-year growth rates of -18.6%, 15.6%, and 19.7% [5][10]. - Net profit forecasts for the same period are expected to be -RMB 6.7 billion, -RMB 3.5 billion, and -RMB 1.2 billion, indicating a trend of decreasing losses as the company continues to optimize costs and enhance operational efficiency [5][10].

Group 1 - Weimob Group has seen a significant increase in trading activity, with a transaction amount of 2.476 billion HKD through the Hong Kong Stock Connect on January 2 [1] - The net buying amount for Weimob Group reached 293 million HKD, marking a continuous net buying streak for 8 days [1][2] - Cumulatively, the net buying amount over this period has reached 2.299 billion HKD, with the stock price increasing by 119.21% [1][2] Group 2 - On January 2, the total trading volume for active stocks under the Hong Kong Stock Connect was 31.607 billion HKD, with a net buying amount of 1.945 billion HKD [3]

Group 1 - The core viewpoint is that Weimob Group is expected to benefit from the integration of mini-programs into WeChat's e-commerce ecosystem as a leading service provider in Tencent's ecosystem [1][2] Group 2 - The company is actively reducing its small client base and unprofitable businesses, while its advertising revenue continues to grow [2] - Changes in platform rebate rules have led to a decline in rebate rates, but the company is still expected to benefit from the gradual improvement of the WeChat transaction ecosystem [2] - The revenue forecasts for the company are set at 1.81 billion yuan, 2.11 billion yuan, and 2.39 billion yuan for 2024, 2025, and 2026 respectively, with year-on-year growth rates of -18.9%, 17.1%, and 13.0% [2] - The company aims to reduce costs and improve efficiency in 2024, with a potential turnaround to profitability in 2025 [2]

Group 1 - The core point of the news is that Weimob Group has seen continuous net buying from southbound funds for four consecutive days, with a total net buying amount of HKD 1.336 billion and a stock price increase of 115.23% [1][2] - On December 24, the total trading volume of active stocks in the Hong Kong Stock Connect was HKD 15.969 billion, with a net buying amount of HKD 2.056 billion [1] - Weimob Group's trading volume through the Hong Kong Stock Connect on December 24 was HKD 2.795 billion, with a net buying amount of HKD 174 million [2]

Investment Rating - The report upgrades the investment rating of the company to "Buy" [2][17]. Core Insights - The WeChat e-commerce ecosystem is gradually improving, and leading service providers are expected to benefit first. The company is positioned as a key service provider within the Tencent ecosystem, which is likely to enhance its growth prospects [17]. - The introduction of the "Gift" feature in WeChat stores is anticipated to increase the diversity of brands and products available on the supply side, potentially attracting more merchants to the platform [3][18]. - The company has taken the lead in integrating mini-programs with WeChat stores, which is expected to drive merchant onboarding and boost Gross Merchandise Volume (GMV) [4][18]. Financial Projections - Revenue projections for the company from 2024 to 2026 are set at 1.81 billion, 2.11 billion, and 2.39 billion CNY, respectively, with year-over-year growth rates of -18.9%, 17.1%, and 13.0% [5]. - Adjusted net profit forecasts for the same period are -0.5 million, 1.3 million, and 3.0 million CNY, with corresponding adjusted diluted EPS of -0.02, 0.05, and 0.11 CNY [5]. - The company is expected to achieve a turnaround to profitability in 2025, following cost reduction and efficiency improvement measures [17]. Market Position - The current stock price is 2.48 HKD, with a price-to-sales ratio projected at 4.3, 3.7, and 3.3 for the years 2024 to 2026 [17][22]. - The company has a total market capitalization of 8.328 billion HKD and a three-month turnover rate of 258.57% [22].

Group 1 - The core point of the article highlights the performance of various stocks in the Hong Kong Stock Connect, with Weimob Group leading the gains at 18.05% [1] - Following Weimob Group, Dongfang Zhenxuan saw a significant increase of 10.03% [1] - Other notable performers include Shangmei Co., which rose by 8.66%, and Longpan Technology and Yisou Technology, which increased by 5.93% and 5.85% respectively [1] Group 2 - Yixin Group and Yika both experienced gains of over 4% [1] - Companies such as WuXi AppTec, Starry Sky Chinese Culture, Jinke Services, SMIC, and Jingji Financial International all saw increases of over 2% [1]

证券时报网讯，12月19日，恒生指数收盘跌0.56%，恒生科技指数跌0.66%。 腾讯概念股走强，微盟集团大涨近36%，腾讯控股涨超2%。 消息面上，据微盟相关负责人介绍，作为腾讯重要的生态合作伙伴之一，微盟小程序正率先接入微信小 店，支持商家参与微信电商生态。 校对：祝甜婷 ...

WEIMOB INC. 微盟集團* (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） Stock Code 股份代號 : 2013 Interim Report 中期報告 2024 * For identification purpose only 僅供識別 目錄 2 公司資料 4 財務摘要 5 主席報告 10 管理層討論及分析 24 其他資料 36 中期簡明綜合全面虧損表 38 中期簡明綜合財務狀況表 40 中期簡明綜合權益變動表 42 中期簡明綜合現金流量表 44 中期簡明財務資料附註 99 釋義 公司資料 | --- | --- | |----------------------------------------------------------|------------------------------------------| | | | | 董事 | 法律顧問 | | 執行董事 | 香港與美國法律： | | 孫濤勇先生 （主席） | 高偉紳律師行 | | 方桐舒先生 | 香港 | | 游鳳 ...