CKH HOLDINGS(HK:00001) 2 1 Shi Ji Jing Ji Bao Dao·2025-03-31 00:37Group 1: Hong Kong Stock Market - The Hong Kong stock market experienced a decline, with the Hang Seng Index closing at 23,426.6 points, down 1.11% for the week [1] - The Hang Seng Technology Index fell by 2.36%, while the National Enterprises Index decreased by 1.55% [1] - Notable declines in technology stocks included Xiaomi Group down 6.67%, Meituan down 4.5%, and Tencent Holdings down 0.4% [1] - Economist Hong Hao indicated that the market is at a critical resistance level, and further increases depend on the realization of expectations such as profit growth in tech companies and new economic policies [1] Group 2: Pop Mart Financial Performance - Pop Mart reported a revenue of 13.04 billion RMB for 2024, a year-on-year increase of 106.9%, with adjusted net profit reaching 3.4 billion RMB, up 185.9% [2] - Domestic revenue was 7.97 billion RMB, growing by 52.3%, while overseas revenue reached 5.07 billion RMB, a significant increase of 375.2% [2] - The stock price of Pop Mart rose over 9% to 153.70 HKD, with a market capitalization of 206.41 billion HKD [2] - The Southeast Asia market generated 2.4 billion RMB, accounting for 47.4% of overseas revenue, with a staggering growth of 619.1% [2] Group 3: Mengniu Dairy Financial Performance - Mengniu Dairy reported a revenue of 88.6748 billion RMB for 2024, a decline of 10.1%, with a net profit of only 104.5 million RMB, down 97.8% [3] - In the second half of 2024, Mengniu's revenue was 44 billion RMB, down 7.4%, with a net loss of 2.34 billion RMB [3] - The dairy industry is facing challenges, with overall sales down 2.7%, and Mengniu's specific issues include significant impairment losses related to its acquisitions [3][4] Group 4: CK Hutchison Holdings - CK Hutchison Holdings has postponed its plan to sell overseas port assets, with no agreements expected to be signed this week [5][6] - The company had previously reached a principle agreement to sell 80% of its port assets to a consortium led by BlackRock, covering 43 overseas ports in 23 countries [6][7]