[focus Today]

16 billion Hong Kong dollars! Kuaishou official announced large-scale buyback plan

May 22ndPowerballdrawingnumbersAfter Kuaishou released its first-quarter results in 2024, it officially announced the launch of a new round of share buyback program.

The announcement shows that Kuaishou plans to buy back no more than HK $16 billion in the next three years after the shareholders' meeting in 2024.PowerballdrawingnumbersDonovan's stock. The HK $4 billion repurchase program launched by Kuaishou in May last year will expire at the shareholders' meeting in June this year. So far, the company has bought back 30% of its value.Powerballdrawingnumbers.900 million Hong Kong dollars of Class B shares.

Kuaishou pointed out in the announcement that the share repurchase shows that the Company is full of confidence in its own business prospects and prospects, and will eventually bring benefits to the Company and create value for shareholders. The Board is of the view that the existing financial resources of the Company are sufficient to support share repurchases and maintain a sound financial position.

Q1 results released by Kuaishou show that the company's revenue capacity and profitability have been further improved. Total revenue increased by 16% over the same period last yearPowerballdrawingnumbers.6% reached 29.4 billion yuan, and the efficiency of commercial realization continued to improve. Q1's adjusted net profit increased by more than 100 times year-on-year to 4.39 billion yuan, a record high for a single quarter, and an adjusted net profit of 42 million yuan in the same period in 2023.

[major matters]

Shenzhen Expressway Co., Ltd. (00548.HK) will invest about 19.23 billion yuan in the reconstruction and expansion project of Heao-Shenzhen Airport Section of Shenyang-Haikou National Expressway.

The subsidiary of Evergrande Automobile (00708.HK) received a letter from the relevant local administrative department and was asked to return about 1.9 billion yuan of rewards and subsidies.

Haichang Ocean Park (02255.HK) and PT sign a memorandum of cooperation to jointly develop and operate tailor-made themed entertainment products.

Mountain High New Energy (01250.HK) sets up Beihang Mountain High Energy Fusion Research Center

[financial results]

Jinshan Software (03888.HK): the net profit of returning home in the first quarter was 285 million yuan, up 48% from the same period last year.

06110.HK 's annual profit increased by 20.5% to the final interest rate of 2.213 billion yuan.

Global data-SW (09698.HK) first quarter net income increased 9.1% year-on-year to 2.627 billion yuan

[operating data]

China Reinsurance (01508.HK): the total premium income of Dadi property Insurance from January to April is about 18.939 billion yuan.

06110.HK achieved low unit growth in total retail and wholesale sales in the fourth quarter.

[medical innovation]

Stone four Pharmaceutical Group (02005.HK): formoterol fumarate is approved by the State Drug Administration to be registered as an API for use in listed preparations.

Xiansheng Pharmaceutical (02096.HK): insomnia drug Dali Lai Sheng tablets are registered with ╱ products issued by the Pharmacy and Poisons Board of Hong Kong.

Fosun Medicine (02196.HK): application for additional indications of Adamumab injection approved

Shandong Xinhua Pharmaceutical Co., Ltd. (00719.HK): esitalopram oxalate tablets (10mg) obtained drug registration certificate

[acquisition and sale]

Shuntai Holdings (01335.HK) plans to acquire all shares of Sino Leader Ventures to expand its influence in cryptocurrency mining industry

[rights issue]

Song du Service (09608.HK) proposes a discount of about 19.5% to issue a total of 640 million shares to raise about HK $125 million

Zoomlion Development Holdings (00264.HK) intends to raise HK $24.7 million net of up to 30 million shares at a discount of about 19.05%

[repurchase cancellation]

Tencent 00700.HK spent HK $1 billion to buy back 2.61 million shares on May 22nd.

HSBC Holdings (00005.HK) spent HK $168 million to buy back 2.4472 million shares on May 21

Standard Chartered Group (02888.HK) spent 7.7775 million pounds to buy back 1.003 million shares on May 21.

Hang Seng Bank (00011.HK) spent HK $34.78 million to buy back 300000 shares on May 22nd

02359.HK spent 27.43 million yuan to buy back 625700 A shares on May 22nd.

00669.HK spent HK $25.442 million to buy back 250000 shares on May 22nd.

01299.HK spent HK $15.57 million to buy back 250000 shares on May 22nd.

MGM China (02282.HK) spent HK $7.2017 million to buy back 500000 shares on May 22nd

Yum China (09987.HK) spent HK $4.6596 million to buy back 15700 shares on May 21.

Deutsche Bank World (02418.HK): cancellation of a total of 54.606 million H shares repurchased