Core Viewpoint - AAC Technologies (02018) announced a share buyback plan, committing to repurchase 300,000 shares for a total expenditure of HKD 10.3589 million [1] Group 1 - The company plans to execute the buyback on March 27, 2026 [1]

Core Viewpoint - The announcement details a leadership change at Beijing Enterprises Water Group, with Zhou Min transitioning to Vice Chairman and Wang Zhupin appointed as CEO effective March 27, 2026 [1] Group 1 - Zhou Min, currently the Executive Director and CEO, will be appointed as Vice Chairman to align with the company's strategic development needs [1] - Wang Zhupin, the current Senior Vice President and Executive Vice President, will succeed Zhou Min as CEO starting March 27, 2026 [1] - Wang Zhupin will focus on the daily management of the group's business and operations [1]

Group 1 - The company China Hongqiao (01378) announced a share buyback plan, committing to repurchase 2.439 million shares at a cost of HKD 83.7584 million [1]

Core Viewpoint - Meituan has issued a statement refuting two viral claims regarding its delivery riders, asserting that both are false and emphasizing the importance of protecting the integrity of its platform and its riders [1][7]. Group 1: Refutation of Claims - The first claim alleged that a rider received a 700+ yuan order but only earned 3 yuan after customer tips were deducted. Meituan clarified that the rider had no such order and that all tips received were fully paid to the rider, with recent tip amounts being 0.5 yuan, 1 yuan, 2 yuan, 3 yuan, and 5 yuan [1][7]. - Meituan further stated that the delivery fees for large orders this year ranged from 14.5 yuan to 57.2 yuan, confirming that the claim of a rider earning only 3 yuan is unfounded [1][7]. - The company has reported the false claims to relevant authorities and will take legal action against the individual responsible for spreading misinformation [1][7]. Group 2: User Behavior and Data Privacy - The second claim suggested that riders are aware when users check the delivery progress, implying pressure from the platform. Meituan responded that user browsing behavior is not recorded or shared with riders, and only the action of clicking "remind" triggers a notification to the rider [2][8]. - This misinformation highlights concerns about the relationship between user behavior and rider pressure, suggesting that frequent refreshing of delivery status could inadvertently create stress for riders [12][13][14].

Core Viewpoint - Meitu Company announced a share buyback plan not exceeding HKD 300 million, reflecting confidence in its future and commitment to enhancing shareholder returns [1][2]. Financial Performance - For the year 2025, Meitu's revenue is projected to be CNY 3.86 billion, representing a year-on-year growth of 28.8% [1][2]. - The adjusted net profit attributable to shareholders is expected to reach CNY 965 million, showing a year-on-year increase of 64.7% [1][2]. Buyback Plan Details - The buyback will be funded by the company's available cash reserves and is set to last for one year from the announcement date [1][2]. - The board believes that the current financial resources are sufficient to support the buyback while maintaining a robust financial position to facilitate business growth [1][2].

Core Viewpoint - Beikong Water Group (00371.HK) announced a strategic management change, with current Executive Director and CEO Zhou Min being appointed as Vice Chairman of the Board effective March 27, 2026 [1] Group 1 - Zhou Min will transition to the role of Vice Chairman to align with the company's strategic development needs [1] - Wang Zhupin, the current Senior Vice President and Executive Vice President, will succeed Zhou Min as CEO effective March 27, 2026 [1]

Core Viewpoint - Shimao Services (00873.HK) reported its annual performance for 2025, showing significant improvements in operating profit and net profit compared to the previous year, despite stable revenue figures. Financial Performance - Revenue for 2025 was RMB 7.88 billion, nearly unchanged from RMB 7.896 billion in 2024 [1] - Operating profit reached RMB 162 million, a notable increase from an operating loss of RMB 158 million in 2024 [1] - Profit attributable to equity holders was RMB 103 million, a significant recovery from a loss of RMB 272 million in 2024 [1] - Core net profit attributable to equity holders was RMB 524 million, reflecting a year-on-year increase of 6.5% [1] - Basic earnings per share for the year were RMB 0.04 [1] Revenue Breakdown - Revenue from property management services was RMB 5.817 billion, accounting for 73.8% of total revenue, with a year-on-year growth of 4.5% [1] - Revenue from community value-added services was RMB 1.323 billion, representing 16.8% of total revenue, with a year-on-year increase of 9.5% [1] - Revenue from non-owner value-added services was RMB 199 million, making up 2.5% of total revenue, with a year-on-year growth of 13.1% [1] - Revenue from urban services was RMB 542 million, accounting for 6.9% of total revenue, showing a decline of 42.8% year-on-year [1] Cash Position - As of December 31, 2025, the group had cash and cash equivalents, including time deposits with maturities over three months, amounting to RMB 2.991 billion [2]

2025年，世茂服务锚定市场拓展核心目标，笃行实干、奋勇攻坚、锐意进取，全年业绩再攀全新高峰， 多项核心指标屡次刷新历史纪录。全年新增年化合同金额为约19.74亿元，同比增长33.1%;新增合约建 筑面积为5480万平方米，同比增长27.1%。扩张速度更快，项目质量更优、增长动能更足、市场拓展团 队以实力再度交出高分成绩单，为公司高质量发展注入强劲动能。 公告称，在管及合约建筑面积增长的原因是(1)集团市场拓展团队主动出击、精准布局，围绕住宅、办 公楼、公建等多元业态，积极开展优质物业项目的市场化拓展与战略合作，稳步扩大市场与管理规模; 及(2)世茂集团稳步交付项目，在管建筑面积实现增长。 智通财经APP讯，世茂服务(00873)公布2025年业绩，收入为78.8亿元，同比基本持平。毛利约14亿元， 经营利润为1.615亿元，同比扭亏为盈;公司权益持有人应占利润约1.03亿元，公司权益持有人应占核心 净利润约5.24亿元，同比均扭亏为盈;每股基本盈利为0.04元。在管建筑面积为约2.21亿平方米，同比上 升1.3%;合约建筑面积为约3.35亿平方米，同比上升6.5%。 ...

Core Insights - The company has demonstrated significant growth in its Robotaxi business, with Q4 revenue reaching $6.7 million, a 160% year-over-year increase, and total annual revenue of $16.6 million, up 129% [1] - The launch of the seventh-generation Robotaxi has led to profitability in individual vehicles in cities like Guangzhou and Shenzhen, with a fleet size exceeding 1,400 vehicles and over 1 million users [1][2] - The CEO has ambitious plans to triple Robotaxi revenue by 2026 and expand operations to over 20 cities domestically and internationally [1][3] Financial Performance - The company achieved its first-ever quarterly profit in Q4, primarily due to strategic investment gains, and has a cash reserve of $1.5 billion to support R&D and market expansion [3] - In Shenzhen, daily average revenue per vehicle reached 394 yuan, with paid order volume in the first two months of 2026 surpassing the total for 2025 [2] Expansion Strategy - The company is implementing a "China + Overseas" dual-engine expansion strategy, targeting over 20 cities, with nearly half of the focus on international markets [3] - The "co-building fleet model" will be a key driver for expansion, allowing partners to invest in vehicles while the company earns revenue through profit-sharing and technology licensing [5][6] Technological Advancements - The company maintains a commitment to L4 native technology and continues to invest in the PonyWorld model, showcasing strong adaptability across various vehicle platforms [2] - The next-generation Robotruck is set to begin mass production in 2026, with a 70% reduction in costs compared to the previous generation, indicating potential for significant revenue growth [4] Market Positioning - The company emphasizes that L4 technology is not a simple extension of L2, highlighting the complexity and the need for a robust ecosystem for successful deployment [7] - The CEO asserts that the entry of new players into the Robotaxi market reflects confidence in its long-term potential, while the company’s unique advantages lie in its comprehensive self-research capabilities and extensive real-world experience [8]

Group 1 - Standard Chartered Group (02888.HK) announced a share buyback on March 26, 2026, costing £14.834 million for 942,800 shares [1] - On March 25, 2026, Standard Chartered Group spent £15.3168 million to repurchase 945,700 shares [1]