格隆汇8月13日丨龙资源(01712.HK)发布公告，预期集团于截至2025年6月30日止期间("报告期间")将会 录得公司股东应占溢利，介乎约1160万澳元至1360万澳元，而截至2024年6月30日止期间("相应期间") 的公司股东应占溢利为197万澳元。与相应期间相比，公司股东应占溢利增长主要由于报告期间达致更 高黄金均价所致。 ...

Core Viewpoint - The company, 京投交通科技 (01522.HK), expects to report a revenue between HKD 550 million and HKD 600 million for the six months ending June 30, 2025, showing an increase from approximately HKD 467 million in the same period last year [1] Financial Performance - The anticipated profit attributable to equity shareholders is expected to be between HKD 23 million and HKD 25 million, compared to approximately HKD 9.6 million in the same period last year [1] - The increase in profit is primarily due to a higher number of project deliveries and increased investment income from joint ventures and associates [1]

【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 格隆汇8月12日｜晶泰控股(2228.HK)盘初大涨近10%，报8.17港元，股价创2月25日以来新高，截至目前 成交额放大至超11亿港元。 消息面上，晶泰控股预计2025年上半年综合收益将不少于5亿元，同比增加至少约387%；预计纯利不少 于5000万元，相较去年同期实现扭亏为盈；预计经调整纯利不少于1.2亿元，同比亦转亏为盈。这是集 团首次实现半年盈利。 (责任编辑：宋政 HN002) ...

Core Viewpoint - The company, Qifu Life Services (03686), anticipates a more than 35% increase in unaudited consolidated net profit and shareholders' attributable unaudited consolidated net profit for the six months ending June 30, 2025, compared to the same period in 2024, primarily driven by fair value gains from investments in silver bars amounting to approximately RMB 33.8 million [1] Financial Performance - The expected increase in net profit is over 35% for the six months ending June 30, 2025, compared to the same period in 2024 [1] - The fair value gain from investments in silver bars is approximately RMB 33.8 million [1]

Market Overview - The Shanghai Composite Index increased by 0.45%, the CSI 300 rose by 0.24%, the STAR Market 50 gained 0.58%, the CSI 1000 went up by 1.09%, the ChiNext Index climbed by 0.66%, and the Hang Seng Index saw a slight increase of 0.03% on August 6 [3][4] - The best-performing sectors on August 6 were defense and military (+3.07%), machinery (+1.98%), coal (+1.89%), textiles and apparel (+1.36%), and computers (+1.3%). The worst-performing sectors included pharmaceuticals and biotechnology (-0.65%), retail (-0.23%), construction materials (-0.23%), social services (-0.19%), and banking (-0.14%) [3][4] - The total trading volume for the A-share market on August 6 was 17,592.42 billion yuan, with a net inflow of 9.486 billion HKD from southbound funds [3][4] Key Recommendations - The report highlights Wuxi Zhenhua (605319) as a key investment opportunity, emphasizing its strong ties with Xiaomi and the rapid growth in automotive production, which is expected to drive significant profit increases [2][5] - The recommendation logic is based on the high profitability of the business, with significant profit elasticity and strong sales from downstream clients like Xiaomi and SAIC [5] - The company’s revenue projections for 2025-2027 are 3,430 million yuan, 4,438 million yuan, and 5,231 million yuan, with growth rates of 35.50%, 29.40%, and 17.90% respectively. The net profit forecasts are 513 million yuan, 649 million yuan, and 786 million yuan, with growth rates of 35.70%, 26.60%, and 21.20% respectively [5]

Group 1 - The stock of Liken Resources (02245) rebounded over 6%, currently trading at HKD 14.98 with a transaction volume of HKD 13.95 million [1] - On July 22, Liken Resources' Deputy General Manager, Fei Feng, reduced her holdings by 50,000 shares for a total amount of approximately HKD 609,400 [1] - Liken Resources clarified that the reduction was part of the employee stock ownership plan and did not affect Fei Feng's direct shareholdings, as she continues to hold 7.8045 million domestic shares [1] Group 2 - On July 15, Liken Resources announced an expected profit attributable to the parent company of approximately RMB 1.2 billion to RMB 1.5 billion for the six months ending June 30, 2025, representing a year-on-year increase of approximately 104.4% to 155.5% [2] - The increase in profit is primarily due to the production release from the wet ONC project and the fire KPS project during the period [2] - The company has optimized its product structure, implemented refined cost control management, and made technological improvements to enhance its profitability [2]

Core Viewpoint - Aonong Construction (01183) has experienced a significant stock price increase of over 19% following the announcement of a positive earnings forecast, indicating strong growth potential in the construction sector in Macau [1]. Financial Performance - The company anticipates a net profit of no less than 18 million MOP for the six months ending June 30, 2025, representing a growth of over 125% compared to a net profit of 8 million MOP for the same period ending June 30, 2024 [1]. - The expected increase in net profit is primarily attributed to higher revenue from construction activities, driven by the certification of major projects such as a substation and a government data center in Macau [1]. Business Operations - The improvement in profit margins for the steel structure business is also noted, which is a result of market expansion and increased operational efficiency [1].

Core Viewpoint - Hong Kong San Miguel Brewery (00236.HK) reported a significant increase in comprehensive profit for the first half of 2025, reaching HKD 51.1 million, which is a 33% growth compared to HKD 38.5 million in the same period of 2024 [1] Financial Performance - The company's profit attributable to equity holders rose to HKD 49.6 million, up from HKD 37.6 million year-on-year [1] - Comprehensive revenue for the group was HKD 390 million, reflecting a 3.2% increase from the previous year [1] - Gross profit reached HKD 156 million, representing an 11.6% increase compared to 2024, with a gross margin of 39.9% [1] Dividend Policy - The board of directors decided not to declare any dividend for the six months ending June 30, 2025 [1]

Core Insights - Amer Sports shares surged 18.1% following the release of first-quarter earnings, reflecting strong market performance [1] - The company has transformed from an industrial entity founded in 1950 to a global sports equipment leader, recently going public in early 2024 after being taken private in late 2018 [2] - Amer's revenue increased by 23% to $1.47 billion in the first quarter, with adjusted earnings per share nearly tripling to $0.27, surpassing analyst expectations [3] Financial Performance - The company raised its full-year 2025 guidance to a midpoint revenue growth of 16% and adjusted EPS around $0.70, up from previous guidance of 14% growth and $0.67 [3] - The impressive 23% revenue growth is notable in the current global economic climate, with management indicating the ability to offset tariff impacts through pricing strategies and supply chain adjustments [4] - The recovery of the China segment, which previously struggled, contributed significantly to growth, with a 43% increase last quarter, alongside low double-digit growth in North America and Europe [5] Profitability and Valuation - Amer's transition from near-break-even results a year ago to healthy profitability was aided by reduced interest expenses due to debt repayment from IPO proceeds [6] - The stock currently trades at approximately 50 times this year's earnings guidance, indicating a high valuation, but potential for rapid earnings growth if the company maintains its growth trajectory [6]

Financial Overview - The company achieved total operating revenue of 1.486 billion yuan in Q1 2025, a decrease of 2.11% compared to the same period last year [2] - The net profit attributable to the parent company reached 103 million yuan, an increase of 38.63% year-on-year, while the net profit excluding non-recurring items was 99.18 million yuan, up 36.19% [2] Profitability - The gross profit margin for the reporting period was 13.55%, an increase of 4.95% year-on-year, and the net profit margin was 7.23%, a significant increase of 45.38% [3] Cost Control - Total selling, administrative, and financial expenses amounted to 60.75 million yuan, with the proportion of these expenses to operating revenue decreasing from 6.64% in the same period last year to 4.09%, a reduction of 38.46% [4] Cash Flow and Debt - Operating cash flow per share was 2.9 yuan, a decrease of 17.73% compared to last year, and the ratio of cash and cash equivalents to current liabilities was only 50.7%, indicating a need for attention to cash flow management [5] - Interest-bearing debt decreased from 1.618 billion yuan to 765 million yuan, a reduction of 52.70%, but the interest-bearing asset-liability ratio still reached 20.15% [5] Other Key Indicators - The net asset per share increased to 6.45 yuan, a year-on-year growth of 7.6%, and earnings per share were 0.3 yuan, up 36.36% year-on-year [6]