【Today's Headlines】
Guotai Junan International (01788) officially launches cryptocurrency trading services in Hong Kong
Guotai Junan International announced on August 28 that Guotai Haitong Group's subsidiary, Guotai Junan International Holdings Limited, has officially launched cryptocurrency trading services for Hong Kong investors, aiming to meet the growing demand for the cryptocurrency market among Hong Kong investors. The announcement stated that customers can immediately trade various cryptocurrencies, including Bitcoin and Ethereum, after successfully opening a cryptocurrency account.
【Market Outlook】
Nasdaq China Golden Dragon Index closes up 0.14%
Overnight U.S. stocks closed with the Dow Jones up 71.67 points, an increase of 0.16%, closing at 45,636.9 points; the Nasdaq rose 115.02 points, an increase of 0.53%, closing at 21,705.16 points; the S&amp;P 500 index rose 20.46 points, an increase of 0.32%, closing at 6,501.86 points. Nvidia (NVDA.US) fell 0.79%, while Google (GOOG.US) rose 2%.
The Nasdaq China Golden Dragon Index closed up 0.14%, with XPeng (XPEV.US) down over 3%, Alibaba (BABA.US) down 2%, and Trip.com (TCOM.US) up 14.9% after earnings. The Hang Seng Index ADR rose, closing at 25,119.75 points, up 120.93 points or 0.48% compared to the Hong Kong close.
【Hot Topics Ahead】
New developments from Central Huijin disclosed
According to the latest disclosed public fund mid-term report for 2025, Central Huijin increased its holdings in ETFs related to liquor and chemicals through a single asset management plan in the first half of this year. According to the previously released public fund second-quarter report, in the second quarter of this year, Central Huijin heavily purchased broad-based ETFs, with approximately 150 billion yuan invested in just four CSI 300 ETFs and Huaxia SSE 50 ETFs, becoming a pillar for stabilizing the market.
The Central Committee of the Communist Party of China and the State Council issue opinions on promoting high-quality urban development
The Central Committee of the Communist Party of China and the State Council have issued opinions on promoting high-quality urban development. The main goals are: by 2030, significant progress will be made in building modern people-oriented cities, policies and systems that adapt to high-quality urban development will be continuously improved, the transformation of old and new driving forces will accelerate, the quality of living will be significantly enhanced, green transformation will be deeply promoted, safety foundations will be solidly strengthened, cultural charm will be fully demonstrated, and governance levels will be greatly improved; by 2035, modern people-oriented cities will be basically completed.
SMIC (00981) announces mid-term results with net profit attributable to shareholders of approximately $320 million, a year-on-year increase of 35.6%
According to Zhitong Finance APP, SMIC (00981) announced its mid-term results for 2025, with revenue of approximately $4.456 billion, a year-on-year increase of 22%; among them, the revenue from wafer foundry business was $4.2286 billion, a year-on-year increase of 24.6%. The profit attributable to shareholders for the period was approximately $320 million, a year-on-year increase of 35.6%; basic earnings per share were $0.04.
New China Life Insurance (01336) releases mid-term results with net profit attributable to shareholders of 14.799 billion yuan, a year-on-year increase of 33.5%
Zhitong Finance APP news, Xinhua Insurance (01336) released its performance for the six months ending June 30, 2025. The group achieved total revenue of RMB 69.429 billion, a year-on-year increase of 25.5%; net profit attributable to shareholders of the parent company was RMB 14.799 billion, a year-on-year increase of 33.5%; basic earnings per share were RMB 4.74; and it proposed to distribute an interim cash dividend of RMB 0.67 per share.
China Taiping (00966) reports a 12.2% year-on-year increase in shareholders' profit for the first half of 2025, with new business value in life insurance up 22.9%
Zhitong Finance APP news, China Taiping (00966) announced its mid-year results for 2025, showing that as of June 30, 2025, insurance service revenue was HKD 55.964 billion, a year-on-year increase of 0.2%; insurance service performance was HKD 12.316 billion, a year-on-year increase of 9.5%; net profit attributable to shareholders (net profit attributable to the parent company after tax) reached HKD 6.764 billion, a year-on-year increase of 12.2%; basic earnings per share were HKD 1.744, an increase of HKD 0.206 year-on-year.
China Merchants China Fund (00133) releases mid-term results with shareholders' profit of USD 140 million, a year-on-year increase of 136.04%
Zhitong Finance APP news, China Merchants China Fund (00133) released its mid-term results for 2025, reporting a net income of USD 189 million from financial assets measured at fair value through profit or loss, a year-on-year increase of 151.16%; shareholders' profit was USD 140 million, a year-on-year increase of 136.04%; basic earnings per share were USD 0.922.
China Galaxy (06881) releases mid-term results, with net profit attributable to the parent company of RMB 6.488 billion, a year-on-year increase of 47.86%
Zhitong Finance APP news, China Galaxy (06881) released its mid-term results for the six months ending June 30, 2025, reporting total revenue, income, and other income of RMB 18.798 billion, a year-on-year increase of 18.92%; profit attributable to shareholders was RMB 6.488 billion, a year-on-year increase of 47.86%; basic earnings per share were RMB 0.54.
CITIC Securities (06030) releases mid-term results, with net profit attributable to the parent company of RMB 13.719 billion, a year-on-year increase of 29.79%
Zhitong Finance APP news, CITIC Securities (06030) released its mid-term results for the six months ending June 30, 2025, reporting total revenue and other income of RMB 46.552 billion, a year-on-year increase of 16.28%; net profit attributable to shareholders of the parent company was RMB 13.719 billion, a year-on-year increase of 29.79%; dividend per share was RMB 0.29, and basic earnings per share were RMB 0.89.
CITIC Construction Investment: Net profit of RMB 4.509 billion for the first half of 2025, a year-on-year increase of 57.77%
CITIC Construction Investment announced that its operating revenue for the first half of 2025 was RMB 10.74 billion, a year-on-year increase of 19.93%. Net profit was RMB 4.509 billion, a year-on-year increase of 57.77%. The company plans to adopt a cash dividend approach, distributing a cash dividend of RMB 1.65 for every 10 shares based on the total share capital of 7.757 billion shares as of June 30, 2025
Everbright Securities (06178) Releases Interim Results: Net Profit Attributable to Shareholders is RMB 1.683 Billion, Up 21.03% Year-on-Year
According to Zhitong Finance APP, Everbright Securities (06178) released its interim results for the six months ending June 30, 2025, with revenue and other income of RMB 7.481 billion, an increase of 17.67% year-on-year; net profit attributable to shareholders of RMB 1.683 billion, an increase of 21.03% year-on-year; basic earnings per share of RMB 0.32.
SF Intra-City (09699) Announces Interim Results: Adjusted Net Profit Approximately RMB 160 Million, Up 139.0% Year-on-Year
According to Zhitong Finance APP, SF Intra-City (09699) announced its interim results for 2025, with revenue of approximately RMB 10.236 billion, an increase of 48.8% year-on-year. Gross profit was approximately RMB 681 million, an increase of 43.8%. Adjusted net profit was approximately RMB 160 million, an increase of 139.0%. Net profit was approximately RMB 137 million, an increase of 120.43%; basic and diluted earnings per share of RMB 0.15. As of June 30, 2025, the group held cash and cash equivalents and short-term financial investments of RMB 1.134 billion and RMB 1.26 billion, respectively, with good cash flow and ample capital reserves.
QuanFeng Holdings (02285) Releases Interim Results: Profit Attributable to Shareholders is USD 95.217 Million, Up 54.76% Year-on-Year
According to Zhitong Finance APP, QuanFeng Holdings (02285) released its interim results for the six months ending June 30, 2025, with revenue of USD 912 million, an increase of 11.85% year-on-year; profit attributable to shareholders of USD 95.217 million, an increase of 54.76%; basic earnings per share of USD 0.19.
China Nuclear Industry (01763): Atomic High-Tech Achieves Net Profit of RMB 148 Million in the First Half, Up 4.55% Year-on-Year
According to Zhitong Finance APP, China Nuclear Industry (01763) announced that Atomic High-Tech achieved operating revenue of RMB 831 million in the interim results for 2025, an increase of 4.24% year-on-year. Total profit was RMB 171 million, a decrease of 1.93%, and net profit was RMB 148 million, an increase of 4.55%.
October Rice Field (09676) Releases Interim Results: Adjusted Net Profit of RMB 294 Million, Up 97.7% Year-on-Year
According to Zhitong Finance APP, October Rice Field (09676) released its interim results for the six months ending June 30, 2025, with revenue of RMB 3.064 billion, an increase of 16.9% year-on-year; adjusted net profit of RMB 294 million, an increase of 97.7%; profit during the period was RMB 116 million, a decrease of 7.6%; earnings per share of RMB 0.11.
China Shipbuilding Defense (00317) Announces Interim Results: Net Profit Attributable to Shareholders is Approximately RMB 526 Million, Up 258.46% Year-on-Year
According to Zhitong Finance APP, China Shipbuilding Defense (00317) announced its interim results for 2025, with operating revenue of approximately RMB 10.173 billion, an increase of 16.54% year-on-year; net profit attributable to shareholders of approximately RMB 526 million, an increase of 258.46%; basic earnings per share of RMB 0.3724, with a cash dividend of RMB 0.80 per 10 shares
SANY International (00631) Releases Interim Results, Shareholders' Profit Attributable to Shareholders of RMB 1.294 Billion, Up 25.33% Year-on-Year
According to Zhitong Finance APP, SANY International (00631) released its interim results for the six months ending June 30, 2025. The group achieved revenue of RMB 12.237 billion, an increase of 13.76% year-on-year; gross profit of RMB 2.899 billion, an increase of 10.4% year-on-year; profit attributable to shareholders of RMB 1.294 billion, an increase of 25.33% year-on-year; basic earnings per share of RMB 0.39.
Guangshen Railway Company Limited (00525) Releases Interim Results, Net Profit Attributable to Parent of RMB 1.109 Billion, Up 21.55% Year-on-Year
According to Zhitong Finance APP, Guangshen Railway Company Limited (00525) released its semi-annual results for 2025. The group achieved operating revenue of RMB 13.969 billion, an increase of 8.08% year-on-year; net profit attributable to shareholders of the listed company of RMB 1.109 billion, an increase of 21.55% year-on-year; basic earnings per share of RMB 0.1565.
Haitian Flavoring and Food Company Limited (03288) Releases Interim Results, Net Profit Attributable to Parent of RMB 3.91 Billion, Up 13.3% Year-on-Year
According to Zhitong Finance APP, Haitian Flavoring and Food Company Limited (03288) released its interim results for the six months ending June 30, 2025. The group achieved operating revenue of RMB 15.23 billion, an increase of 7.6% year-on-year; revenue from the seasoning business of RMB 14.56 billion, an increase of 10.4% year-on-year; net profit attributable to shareholders of the listed company of RMB 3.91 billion, an increase of 13.3% year-on-year; earnings per share of RMB 0.7.
Qingdao Port International (06198) Releases Interim Results, Net Profit Attributable to Parent of RMB 2.842 Billion, Up 7.58% Year-on-Year
According to Zhitong Finance APP, Qingdao Port International (06198) released its interim results for the six months ending June 30, 2025. The group achieved operating revenue of RMB 9.434 billion, an increase of 4.04% year-on-year; net profit attributable to parent shareholders of RMB 2.842 billion, an increase of 7.58% year-on-year; basic earnings per share of RMB 0.44.
Beijing Enterprises Holdings Limited (00392) Releases Interim Results, Shareholders' Profit Attributable to Shareholders of RMB 3.404 Billion, Up 8.07% Year-on-Year
According to Zhitong Finance APP, Beijing Enterprises Holdings Limited (00392) released its interim results for the six months ending June 30, 2025. The group achieved operating revenue of RMB 44.529 billion, an increase of 5.21% year-on-year; shareholders' profit attributable to shareholders of RMB 3.404 billion, an increase of 8.07% year-on-year; basic earnings per share of RMB 2.71; proposed interim dividend of HKD 0.85 per share.
China COSCO Shipping Ports (01199) Announces Interim Results, Profit Attributable to Equity Holders Up 30.6% Year-on-Year to Approximately USD 182 Million, Dividend of HKD 0.151 per Share
According to Zhitong Finance APP, China COSCO Shipping Ports (01199) announced its interim results for 2025, with revenue up 13.6% year-on-year to USD 806 million, gross profit up 10.3% year-on-year to USD 219 million, profit attributable to equity holders up 30.6% year-on-year to approximately USD 182 million, basic earnings per share of USD 0.0482, and interim dividend of HKD 0.151 per share
BeiGene (06160) Releases Interim Results, Net Profit of $95.59 Million, Turning Loss into Profit Year-on-Year
According to Zhitong Finance APP, BeiGene (06160) released its interim results for the six months ending June 30, 2025, with total revenue of RMB 2.433 billion, an increase of 44.73% year-on-year; gross profit of $2.103 billion, an increase of 48.33% year-on-year; net profit of $95.59 million, turning from a net loss of $372 million in the same period last year; basic earnings per share of $0.07.
China Huadian International Power (01071) Releases Interim Results, Net Profit Attributable to Parent Company of RMB 3.904 Billion, Up 13.15% Year-on-Year
According to Zhitong Finance APP, China Huadian International Power (01071) released its interim results for the six months ending June 30, 2025, with total operating revenue of RMB 59.953 billion, a decrease of 8.98% year-on-year; net profit attributable to the parent company of RMB 3.904 billion, an increase of 13.15% year-on-year; basic earnings per share of RMB 0.33, with a proposed interim dividend of RMB 0.09 per share (tax included).
Sichuan Chengyu Expressway (00107) Releases Interim Results, Profit Attributable to Shareholders of RMB 838 Million, Up 20.1% Year-on-Year
According to Zhitong Finance APP, Sichuan Chengyu Expressway (00107) released its interim results for 2025, with revenue of RMB 4.08 billion, a decrease of 23.3% year-on-year; profit attributable to the company’s owners of RMB 838 million, an increase of 20.1% year-on-year; basic earnings per share of RMB 0.260.
Shanghai Pharmaceuticals (02607) Announces Interim Results, Net Profit Attributable to Parent Company of Approximately RMB 4.459 Billion, Up 51.56% Year-on-Year
According to Zhitong Finance APP, Shanghai Pharmaceuticals (02607) announced its interim results for 2025, with operating revenue of approximately RMB 141.593 billion, an increase of 1.56% year-on-year; net profit attributable to shareholders of the listed company of approximately RMB 4.459 billion, an increase of 51.56% year-on-year; basic earnings per share of RMB 1.2.
Bairong Yunyuan-W (06608) Releases Interim Results, Profit Attributable to Shareholders of RMB 190 Million, Up 35.95% Year-on-Year
According to Zhitong Finance APP, Bairong Yunyuan-W (06608.HK) released its interim results for the six months ending June 30, 2025, with revenue of RMB 1.612 billion, an increase of 21.98% year-on-year; profit attributable to shareholders of RMB 190 million, an increase of 35.95% year-on-year; basic earnings per share of RMB 0.43.
Zhou Hei Ya (01458) Releases Interim Results, Profit Attributable to Shareholders of RMB 10.8 Million, Up 228% Year-on-Year
According to Zhitong Finance APP, Zhou Hei Ya (01458) released its interim results for the six months ending June 30, 2025, with total revenue of RMB 1.223 billion, a decrease of 2.9% year-on-year; profit attributable to the parent company’s owners of RMB 10.8 million, an increase of 228% year-on-year; earnings per share of RMB 0.05
Li Auto-W (02015) Releases Second Quarter Results: Net Profit Attributable to Shareholders is 1.093 Billion Yuan, Down 0.91% Year-on-Year
According to Zhitong Finance APP, Li Auto-W (02015) released its unaudited financial performance for the quarter ending June 30, 2025, with vehicle sales revenue of 28.885 billion yuan (RMB, the same below), a year-on-year decrease of 4.7%; total revenue of 30.246 billion yuan, a year-on-year decrease of 4.5%; net profit attributable to shareholders of 1.093 billion yuan, a year-on-year decrease of 0.91%; basic earnings per share of 0.54 yuan.
【Stock Highlights】
Fubo Group (03738): Mid-Year Net Profit Exceeds 100 Million, AI-Driven Growth Explodes
According to Zhitong Finance APP, Fubo Group (03738) released its interim results for the six months ending June 30, 2025, with revenue of HKD 1.456 billion, a year-on-year increase of 23.35%; net profit of HKD 101 million, a year-on-year increase of 119%; gross profit of HKD 643 million, a year-on-year increase of 27.5%. Profit attributable to shareholders was HKD 102 million, a year-on-year increase of 146.77%; basic earnings per share of HKD 0.0442

688981

00981

The "roadmap" for high-quality development of Chinese cities has been announced. Central Huijin revealed in its mid-2025 report that it increased its holdings in liquor and chemical ETFs in the first half of the year. Guotai Junan International launched cryptocurrency trading services in Hong Kong to meet investor demand. In the U.S. stock market, the Nasdaq Golden Dragon China Index rose by 0.14%, and the Hang Seng Index ADR increased by 0.48%

- Guotai Junan International has launched cryptocurrency trading services in Hong Kong to meet the growing demand from local investors.  
- The service allows clients to trade various cryptocurrencies, including Bitcoin and Ethereum, after successfully opening an account.  
- In related market news, major U.S. indices showed slight gains, with the Nasdaq China Golden Dragon Index rising by 0.14%.

Zhitong

SMIC

Zhitong Hong Kong Stock Early Knowledge | China's Urban High-Quality Development "Roadmap" Released, SMIC's Net Profit Attributable to Shareholders in the First Half of the Year Increased by 35.6% Year-on-Year