Core Viewpoint - North Media (600386) reported a decline in revenue and a net loss for the third quarter of 2025, indicating challenges in its business operations and market conditions [1] Financial Performance - The company's third-quarter revenue was 971 million yuan, a year-on-year decrease of 11.6% [1] - For the first three quarters of 2025, total revenue reached 2.894 billion yuan, down 6.88% compared to the previous year [1] - Net profit for the first three quarters was 5.1394 million yuan, reflecting a significant decline of 79.47% year-on-year [1] - Basic earnings per share for the first three quarters stood at 0.01 yuan [1] Business Operations - The decline in performance is primarily attributed to reduced income from the vehicle body media business and vehicle sales [1] - The company recognized one-time costs related to the termination of operations of certain subsidiaries during the reporting period [1] - There was a decrease in charging volume in the new energy sector and an increase in fixed asset depreciation from the beginning of the year to the end of the reporting period [1]

Market News - Chinese President will attend the second China-Central Asia Summit from June 16 to 18 in Kazakhstan, discussing bilateral cooperation and regional issues with Central Asian leaders [2] - The National Bureau of Statistics released the monthly report on residential sales prices in 70 large and medium-sized cities on June 16 [2] - The People's Bank of China announced a 400 billion yuan reverse repurchase operation on June 16, marking the second operation of the month [2] - The U.S. Department of Commerce announced tariffs on various steel household appliances starting June 23, impacting related upstream commodity prices [6] Sector Events - The 2025 Shanghai World Mobile Communication Conference (MWC) will be held from June 18 to 20 [8] - The 2025 Data Intelligence Conference will take place in Beijing on June 18-19 [9] - The 9th International Hydrogen and Fuel Cell Vehicle Conference and Exhibition will be held in Shanghai from June 18 to 20 [11] Individual Stock Events - Huawei will hold its Developer Conference on June 20, showcasing the latest developments of the Harmony OS [13] - CATL will be included in the Hong Kong Stock Connect list starting from the next trading day after June 14 [13] - Several companies, including *ST Jingfeng and *ST Jinyi, will change their names after the removal of ST status on June 16 [13] - Nezha Automobile's affiliated company, Hezhong New Energy, is undergoing bankruptcy proceedings [13] Lock-up Expiration - A total of 45 companies will have their lock-up shares released this week, amounting to 2.908 billion shares with a total market value of 45.288 billion yuan [16] - The peak of lock-up expirations will occur on June 17, with 13 companies releasing shares worth a total of 23.657 billion yuan, accounting for 52.24% of the week's total [16] New Stock Calendar - Two new stocks and two new bonds will be available for subscription this week, with Guangxin Technology and Xintong Electronics being the highlighted companies [20][24] Market Outlook - CITIC Securities suggests increasing bond holdings and reducing stock positions, focusing on credit bonds as the main asset [26] - CICC forecasts that Hong Kong stocks will outperform A-shares, emphasizing structural opportunities in the market [27] - Galaxy Securities highlights the importance of low-valuation, high-dividend stocks amid external uncertainties [28]