Major Corporate Developments: China Biopharmaceuticals (01177) announced that Naldemedine, a peripheral mu-opioid receptor antagonist, has been approved for launch in the Greater Bay Area. Henlius Biotech (02696) received approval from the National Medical Products Administration for a supplemental application to add a new indication for Hanlikang® (Rituximab Injection). Xuanzhu Biotech-B (02575) entered into a licensing and supply agreement with Boston Oncology for palbociclib and deruxtecan. PATEO (02889) signed a comprehensive strategic cooperation agreement with China Minsheng Bank. ZHAOWEI (02692) plans to participate in a bid for a state-owned land use right and invest in the construction of an industrial park for dexterous hands and micro-drive systems. Postal Savings Bank (01658) announced that its controlling shareholder, China Post Group, has completed its share purchase plan, having accumulated an increase of approximately 103 million A-shares.
Operational Performance: Fast Retailing (06288) reported interim results, with profit attributable to owners of the parent company reaching 279.29 billion yen, a year-on-year increase of 19.6%. CITIC SEC (06030) released its first-quarter earnings forecast, showing a net profit attributable to parent company shareholders of 10.216 billion yuan, an increase of 54.6% year-on-year. CGN POWER (01816) reported total online power generation of approximately 50.957 billion kilowatt-hours for the first quarter, a decrease of 10.11% compared to the same period last year. SMOORE INTL (06969) reported first-quarter revenue of 3.856 billion yuan, an increase of 41.7% year-on-year. CHINA OVERSEAS (00688) achieved contracted property sales of approximately 28.578 billion yuan in March, an increase of 34.8% year-on-year. China Overseas Grand Oceans Group (00081) reported cumulative contracted sales of 8.091 billion yuan for the first three months, an increase of 16.7% year-on-year. China Jinmao (00817) reported cumulative signed sales amounting to 22.428 billion yuan for the first three months, an increase of 25.54% year-on-year. Greentown China (03900) reported total contracted sales of approximately 38.6 billion yuan for the first three months, a decrease of approximately 26.34% year-on-year. COFCO Jiakang (01610) reported a March live hog slaughter volume of 550,000 head. Dekon Food and Agriculture Group (02419) sold 1.0059 million commercial meat hogs in March, generating revenue of 1.382 billion yuan. Truly International (00732) reported cumulative comprehensive net operating revenue of approximately HK$3.116 billion for the first quarter, a decrease of approximately 18.0% year-on-year. Junda Technology (02865) reported a first-quarter net profit attributable to parent company shareholders of 14.1636 million yuan, turning a profit compared to a loss in the same period last year.
Comments