Market Index Performance - The Hang Seng Index dropped 202 points or 0.8% to close at 24,998 points, affected by individual stock performance on the futures settlement day [1]. - The Shanghai Composite Index rose 43 points or 1.14% to close at 3843 points, while the Shenzhen Component Index rose 276 points or 2.25% to 12571 points, and the ChiNext Index rose 103 points or 3.82% to 2827 points. The STAR 50 Index rose over 7%, hitting a 3 - year high [2]. - The S&P 500 Index rose 20 points or 0.3% to 6,501 points, the Dow Jones Industrial Average rose 71 points or 0.2% to 45,636 points, and the Nasdaq Composite rose 115 points or 0.5% to 21,705 points, all hitting record - closing highs [2]. Central Bank Operations - The People's Bank of China conducted 416.1 billion yuan of seven - day reverse repurchase operations on the 28th, with an operating rate unchanged at 1.4%. With 253 billion yuan of reverse repurchases maturing, the net injection was 163.1 billion yuan [2]. - The central parity rate of the RMB against the US dollar was raised by 45 points to 7.1063, reaching the highest level since November 6 last year [2]. Company Performance - China National Offshore Oil Corporation's domestic natural gas daily output exceeded 100 million cubic meters, hitting a new high [3]. - Haier Smart Home (06690.HK) reported a 10.2% year - on - year increase in revenue to 156.469 billion yuan, a 10.6% increase in gross profit to 41.24 billion yuan, and a 15.6% increase in net profit to 12.033 billion yuan in the six - month interim results ending in June. It will pay a dividend of 2.69 yuan per 10 shares [3]. - China Feihe (06186.HK) reported a 9.4% year - on - year decrease in revenue to 9.151 billion yuan, a 17.8% decrease in gross profit to 5.635 billion yuan, and a 46.7% decline in net profit to 1 billion yuan in the six - month interim results ending in June. It will pay an interim dividend of 12.09 HK cents [3]. - ZTE Corporation (00763.HK) reported a 14.5% year - on - year increase in operating revenue to 71.553 billion yuan, but a 11.8% decline in net profit attributable to shareholders to 5.058 billion yuan in the six - month interim results ending in June. It will not pay a dividend [3]. - Li Auto - W (02015.HK) reported a 2% year - on - year decrease in revenue to 56.172 billion yuan, a 0.7% decrease in gross profit to 11.385 billion yuan, and a 2.8% increase in net profit to 1.743 billion yuan in the interim results ending at the end of June [4]. - BeiGene (06160.HK) reported a 44.5% year - on - year increase in revenue to 2.411 billion US dollars in the interim results ending at the end of June this year. It turned from a loss to a profit of 95.59 million yuan, compared with a loss of 372 million yuan in the same period last year. It will not pay a dividend [4]. Policy News - The Office of the United States Trade Representative announced the extension of the exemption period for the 301 investigation into China's actions, policies, and practices regarding technology transfer, intellectual property, and innovation. The original expiration date on the 31st was extended to November 29 [2].

Company Recommendations - Leap Motor (9863) is recommended for purchase with a current price of 54.85 HKD and a short-term target price of 60.00 HKD, indicating a potential upside of 13.6% [2][9] - The company has seen a strong response to the launch of its SUV B10, with over 20,000 orders in the first month, which is expected to positively impact its Q2 2025 performance [9] - Leap Motor has formed strategic partnerships with international automotive group Stellantis and domestic giant FAW Group, enhancing its market position and potential for future growth [2][9] Financial Performance - Leap Motor's Q4 2024 results met market expectations, with revenue and net profit turning positive for the first time at 80 million RMB, achieving a gross margin of 13.3%, the highest since its inception [9] - The company has raised its sales guidance for 2025 from 500,000 to 500,000-600,000 units, projecting an annual growth of 87% based on a midpoint estimate of 550,000 units [9] - The first quarter of 2025 saw a year-on-year increase in deliveries by 1.6 times to 87,552 units, representing 16% of the updated annual sales guidance [9] Market Outlook - The market anticipates a compound annual growth rate (CAGR) of 49% for Leap Motor's revenue from FY24 to FY27, with the current price corresponding to a forecasted price-to-sales ratio of 1.2x for FY25, slightly below its historical average [9] - The company is expected to benefit from economies of scale and improved profitability as new vehicle sales continue to rise [9] Macro Environment - The Hang Seng Index is facing initial resistance at 23,000 points, influenced by recent announcements from the U.S. regarding tariffs and economic stimulus measures [2][5] - The Chinese government is expected to increase efforts to stabilize the economy, which may positively impact domestic demand and market sentiment [2][5]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 InnoScience (Suzhou) Technology Holding Co., Ltd. 英 諾 賽 科（ 蘇 州 ）科 技 股 份 有 限 公 司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2577） 目前，本公司700V高壓氮化鎵產品已成功於美的抽油煙機實現量產，未來將進一 步應用到美的空調、冰箱、洗衣機及淨飲機等產品當中。 1 股東及潛在投資者於買賣本公司證券時，務請審慎行事。 承董事會命 英諾賽科（蘇州）科技股份有限公司 董事長兼執行董事 Weiwei Luo博士 中國，2025年4月29日 於本公告日期，本公司董事會包括執行董事Weiwei Luo博士、Jay Hyung Son先 生、吳金剛博士及鍾山先生；非執行董事汪燦博士、張彥紅女士及崔米子女士； 及獨立非執行董事黃顯榮先生，榮譽勛章，太平紳士、易繼明博士、楊士寧博士 及陳正豪博士。 2 自願公告 與美的廚熱事業部 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Haier Smart Home Co., Ltd.* 海爾智家股份有限公司 （於中華人民共和國註冊成立之股份有限公司） 股份代號：6690 2024年第三季度報告 本公告乃海爾智家股份有限公司（「本公司」）根據香港法例第571章《證券及期貨條例》 第XIVA部項下內幕消息條文及香港聯合交易所有限公司證券上市規則第13.09(2)條及 第13.10B作出。 本公司於2024年第三季度之財務數據乃根據中國企業會計準則編製並未經審計。合併 財務報表所載歸屬於母公司所有者的淨利潤及歸屬於母公司所有者權益與該等根據國 際財務報告準則編製的財務資料並無差異。 - 1 - 重要內容提示： 公司董事會、監事會及董事、監事、高級管理人員保證季度報告內容的真實、準確、完整，不存 在虛假記載、誤導性陳述或重大遺漏，並承擔個別和連帶的法律責任。 公司負責人、主管會計工作負責人及會計機構負責人（會計主管人員）保證季度報告中財務 ...