花旗发表研究报告指，太古地产(1972.HK)上半年基本溢利增加15%至44.2亿元，经常性基本溢利减少 4%至34.2亿元，达到该行对公司全年预测的55%，胜于预期。期内，派中期息35仙，按年增长3%，达 到其股息录中个位数升幅的目标，意味着以基础利润的派息比率为52%。报告提到，上半年太古地产并 未宣布新的回购计划，预计股价或会初步作出负面反应。该行相信，在稍后的业绩简报会上，市场将关 注太古地产最新的租金前景、商业物业管道和财政管理，予目标价22.2港元，评级为"买入"。 ...

曹操出行CEO龚昕表示，合作将通过RWA连接实体资产与数字金融，优化资本效率，为Robotaxi规模化 运营构建新型支付基础设施。其具备稳定运营特性的Robotaxi业务及累计减排超310万吨的新能源车 队，将成为核心RWA标的，实现环境效益的数字化价值转化。 消息面上，近日，曹操出行与胜利证券签署虚拟资产战略合作备忘录，重点推进RWA代币化、稳定币 支付及合规数字货币发行。此举系国内出行行业首次系统性探索数字金融工具融合。 来源：格隆汇APP 格隆汇8月7日｜曹操出行(2643.HK)今日盘中一度飙升超24%，报61.5港元，股价创上市新高，市值达 335亿港元。 ...

Core Viewpoint - The report from Jianyin International maintains a target price of HKD 4.4 for Xinyi Solar (00968) and a "outperform" rating, indicating that while the stock price is influenced by policy, fundamental improvements will take time [1] Group 1: Financial Performance - Xinyi Solar's net profit for the first half of 2025 decreased by 59% year-on-year to RMB 746 million, aligning with expectations [1] - The decline in performance is primarily attributed to a 10.1 percentage point drop in the gross margin of photovoltaic glass sales to 11%, along with a 2 percentage point contraction in the gross margin of solar power plants [1] - The average selling price (ASP) of photovoltaic glass significantly decreased, offsetting the decline in unit costs and a 17.5% increase in sales volume [1] Group 2: Future Outlook - Jianyin International holds a cautious outlook for the second half of 2025, adjusting the effective annual melting capacity target from 9.1 million tons to 8.14 million tons due to the decline in ASP of 2.0mm photovoltaic glass [2] - The company anticipates a rush installation in the first half of 2025 due to renewable energy price reforms, followed by a decrease in demand in the second half [2] - Major photovoltaic glass companies are expected to lower production plans in the coming month due to industry inventory buildup and other factors, while supply-side reforms and new pricing laws may improve short-term profitability [2]

Group 1 - The core viewpoint of the report is that Xinyi Solar (00968) maintains a target price of HKD 4.4 and an "outperform" rating, with stock price influenced by policy but requiring time for fundamental improvement [1] - The company’s core profit forecasts for fiscal years 2025 and 2026 have been raised by 3.4% and 5.8% respectively [1] - For the first half of 2025, the company reported a net profit of RMB 746 million, a year-on-year decrease of 59%, primarily due to a 10.1 percentage point drop in the gross margin of photovoltaic glass sales [1] Group 2 - The company holds a cautious outlook for the second half of the year, adjusting its effective annual melting capacity target for fiscal year 2025 from 9.1 million tons to 8.14 million tons due to declining ASP of 2.0mm photovoltaic glass [2] - A rush installation is expected in the first half of 2025, followed by weakened demand in the second half due to renewable energy price reforms and industry inventory buildup [2] - Major photovoltaic glass companies are likely to reduce production plans in the coming month due to supply-side reforms and new pricing laws, which may improve short-term profitability [2]

里昂发布研报称，统一企业中国(00220)上半年收入同比增长10.6%，较市场预期高2%，主要因代工收 入增长。盈利同比升33%，较市场预期高出6至7%，受惠于销售费用比。该行认为，虽然下半年饮品业 务增速放缓，但被更高的代工收入及超预期的利润率扩张所抵销，将2025及2026年盈利预测分别上调 5%及2%，目标价由10.3港元调升至10.5港元，相当预测综合市盈率16倍，维持"跑赢大市"评级，并预 期全年收入同比增8.5%，毛利率扩张0.5个百分点。 ...

Group 1 - The core point of the article indicates that Pop Mart experienced a decline in stock price after an initial increase of nearly 6% in the morning session [1] - The trading volume reached approximately 4 billion Hong Kong dollars [1]

消息面上，九龙仓置业午间发布2025年中期业绩，上半年集团收入64.07亿港元，同比减少1.45%；股东 应占亏损24.06亿港元，同比扩大128.71%；期内，撇除投资物业重估减值，未经审核基础净盈利31.19 亿港元，上年同期为31.23港元。第一次中期股息每股0.66港元，上年同期派0.64港元。 九龙仓置业(01997)涨超6%，截至发稿，涨6.37%，报26.06港元，成交额1.15亿港元。 ...

Core Viewpoint - The company, Lee Kum Kee (00746), experienced a significant stock price increase of over 12% following the release of its mid-term results for 2025, indicating positive market sentiment towards its financial performance [1]. Financial Performance - The group's revenue remained stable at HKD 1.932 billion [1]. - Profit increased by 36.0% to HKD 327 million, attributed to a significant decrease in energy costs and a decline in raw material prices [1]. - The gross profit margin improved by 7.4 percentage points to 36.3% [1]. Dividend and Financial Health - The company proposed an interim dividend of HKD 0.195 per share [1]. - Following an increase in the dividend payout ratio to 49.6% last year, the company's financial condition remains robust, with a mid-term net debt ratio of 3.2% [1].

Group 1 - The core viewpoint of the article highlights the strong performance of Hong Kong's gold and jewelry sector, with notable gains in stock prices for companies like Luk Fook Holdings, which rose over 5%, and Chow Tai Fook, which increased by more than 3% [1]

人民财讯8月7日电，泡泡玛特转跌，早盘一度涨近6%，成交额近40亿港元。 ...