Investment Banking and Brokerage

SOUTH CHINA FIN

SOUTH CHINA FIN released FY2025 9 Months Earnings on March 24, 2026 (BJT), with actual revenue of HKD 22.32 M and EPS of HKD -0.1155

South China Fin released FY2025 Q3 earnings on March 24, 2026 (BJT) with actual revenue of HKD 10.8 M and EPS of HKD 0.0397

SOUTH CHINA FIN released FY2025 Q4 earnings on March 24 During-Market (BJT), actual revenue HKD 10.8 M, actual EPS HKD 0.0397

SOUTH CHINA FIN released FY2025 Annual Earnings on March 24 During-Market (BJT), Actual Revenue: HKD 33.12 M, Actual EPS: HKD -0.0758

SOUTH CHINA FIN to Release FY2025 Earnings Report on March 24 During-Market (BJT)

South China Financial Expects Net Loss of HK$23 Million for This Year

Nanhua Financial Signs MOU with Chinese Firm to Enter AI Drug Development Market

South China Financial Partners with Zhu Maobao to Establish JV for Security Product Promotion

SOUTH CHINA FIN released FY2025 Q1 earnings on August 19 (BJT), actual revenue HKD 5.761 M, actual EPS HKD -0.0776

SOUTH CHINA FIN released FY2025 Semi-Annual earnings on August 19 During-Market (BJT), actual revenue HKD 11.52 M, actual EPS HKD -0.1553

SOUTH CHINA FIN released FY2025 Q2 earnings on August 19 During-Market (BJT), actual revenue HKD 5.761 M, actual EPS HKD -0.0777

SOUTH CHINA FIN to Release FY2025 Semi-Annual Earnings on August 19, 2025 (BJT)

SOUTH CHINA FIN released FY2024 Q3 earnings on March 25, 2025 (BJT) with actual revenue HKD 0 and actual EPS HKD 0

SOUTH CHINA FIN released FY2024 9 Months Earnings on March 25, 2025 (BJT), with actual revenue of HKD 9.561 M and EPS of HKD -0.1586

Nanhua Financial Releases 2024 Annual Results, Revenue Down 14.1%, Losses Widen 112.4%

SOUTH CHINA FIN released FY2024 Annual Earnings on March 25 After-Market (BJT), actual revenue HKD 16.38 M, actual EPS HKD -0.9793

SOUTH CHINA FIN released FY2024 Q4 earnings on March 25 After-Market (BJT), actual revenue HKD 0, actual EPS HKD 0

Nanhua Financial Expects Losses to Increase Significantly to HKD 295 Million for 2024

South China Fin to Release FY2024 Annual Earnings on March 25 After-Market BJT

Nanhua Securities Upgrades Business License

CH DEMETER FIN

FAMEGLOW

LUEN THAI

NEW GONOW RV

REF HOLDINGS

PARADISE ENT

WEBX HOLDING

HAICHANG HLDG

BEST FOOD HLDG

INTELLIMARK W27

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South China Financial Sets March Board Meeting to Approve 2025 Results

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Hwabao WP CSI All Share Investment Banking & Brokerage ETF

Guotai CSI All Share Investment Banking & Brokerage ETF

Yinhua CSI All Share Investment Banking & Brokerage ETF

South China Financial Sets March Board Meeting to Approve 2025 Results

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SOUTH CHINA FIN announced that from December 29, 2025, to this month 23, it sold a total of 81.88 million shares of I-CABLE COMM in the market, at an average price of HKD 0.083 per share, for a total consideration of approximately HKD 6.81 million

AASTOCKS

I-CABLE COMM

SOUTH CHINA FIN has realized HKD 6.81 million from the sale of I-CABLE COMM

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Manulife Financial -S (945.HK) saw a significant increase in trading volume during the session yesterday, prompting short-term capital to follow suit, but the volatility increased notably in the afternoon and at the close, with a strong atmosphere of market caution. As a defensive representative of the financial sector, there has been a clear inflow of risk-averse funds recently, but with increasing divergence within the sector, the market is showing characteristics of a shift between offense and defense. The company will release its earnings report this week, with continuous growth in revenue and profit, further strengthening its shareholder return capability. The market generally believes that its "value gap" attribute is prominent, making it a preferred target for large capital risk hedging. Technically, the stock price fell back after reaching the upper Bollinger Band yesterday, with indicators like KDJ showing overbought signals, leading to a tug-of-war between bulls and bears, and an increase in cash-holding cautious sentiment. The short-term focus is on: if market risk appetite warms up, high-pressure stocks may see a rotation of catch-up gains; if the overall market or macro risks increase, defensive styles may regain dominance. It is essential to closely monitor the gains and losses of key moving averages and the dynamics of major players in the circulating market. If it falls below the 5-day or 10-day moving averages, risk control should be strengthened. As a stable style target, Manulife Financial is currently in a window of offense and defense transition, and position adjustments and swing trading are advisable

Technical Forecast

QUAM PLUS FIN

MANULIFE-S

Morning Trend | Manulife Financial-S (945.HK) surged and then retreated, with increasing divergence in defensive attributes

South China Financial announced that it has signed a memorandum of understanding with an independent third party, intending to establish a joint venture in mainland China or Hong Kong to engage in the development of an AI drug research and development platform and provide related technical services; develop an AI efficacy prediction platform to serve global beauty clients; develop disease and aging pipelines; and develop direct-to-consumer anti-aging products

SOUTH CHINA FIN plans to partner with a third-party consortium to enter the AI pharmaceutical sector

According to the Zhitong Finance APP, SOUTH CHINA FIN released its interim results for the six months ending June 30, 2025, with group revenue of HKD 19.441 million, a year-on-year increase of 9.87%; the loss attributable to shareholders was HKD 46.806 million, a year-on-year narrowing of 2.05%; the loss per share was HKD 0.1554

Zhitong

SOUTH CHINA FIN released its interim results, with a loss attributable to shareholders of HKD 46.806 million, a year-on-year narrowing of 2.05%

South China Financial announced its interim results for the period ending June this year, with a revenue of HKD 19.441 million, an increase of 9.9% year-on-year. The loss widened to HKD 46.806 million, compared to a loss of HKD 47.787 million in the same period last year; the loss per share was HKD 0.1554. No dividend was declared

"Performance" South China Fin's loss in the first half expanded to 46.806 million yuan, no dividend declared

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On August 19, 2025, the investment log of Hong Kong-listed companies is as follows: Category Company New Share Activity Shuangdeng Co., Ltd. (in IPO) Earnings Announcement Date YIXIN InnoCare Pharma Xiaomi Group-W XPeng Motors-W WMCH GLOBAL TRADELINK China Resources Beer SOUTH CHINA FIN Minsheng Education Jinli Permanent Magnet Shareholders Meeting Date NATIONAL ELEC H Miko Group China Intelligent Technology Jia Yi Holdings Jinsheng Group Holdings Zhongxian Intelligent Qijia Holdings Yisi Health Hong Kong-Shanghai Joint AUX INTL Zhaobangji Life Dividend Distribution Liwen Cultural Industry (Ex-dividend date) Manulife Financial-S (Ex-dividend date) Lee & Man Paper (Ex-dividend date) Junmeng International (Ex-dividend date) Huatai Textile (Ex-dividend date) Beautiful Pastoral Medical Health (Ex-dividend date) Capital Increase Ding Shi Capital (Ex-rights date)

TRADELINK

YIXIN

InnoCare Pharma

INNOCARE

AUX INTL

Zhitong Hong Kong Stock Investment Journal | August 19

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Brokerage stocks surged significantly due to the stablecoin boom, with SOUTH CHINA FIN rising 94.2%, CC SECURITIES up 64.14%, and WELL LINK SEC gaining 49.36%. The Hong Kong "Stablecoin Regulation" will take effect in 2025, and brokerages such as Guotai Junan International have been granted permission to expand their licenses to provide virtual asset trading services. Market trading volume has rebounded, increasing the attractiveness of the securities sector, and future attention will be focused on the impact of major domestic and international events and high-level meetings

WELL LINK SEC

CCSC

CC SECURITIES

Understanding the Market | The Stablecoin Boom Ignites Brokerage Stocks, SOUTH CHINA FIN rises over 90% in the afternoon, and CC SECURITIES increases by more than 70%

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The Hong Kong stock investment log for June 11, 2025, shows that multiple companies will announce their earnings or hold shareholder meetings, including DLC ASIA, EAGLE NICE, COSMOS MACH, NEXTEER, and SOUTH CHINA FIN. In addition, several companies such as Alibaba, Li Auto, and Caohua Group will distribute dividends or have ex-dividend dates

EAGLE NICE

COSMOS MACH

DLC ASIA

NEXTEER

BEIJING ENT

HERBS GROUP

KINGBOARD HLDG

CENTURY GINWA

MAIKE TUBE

TOWNRAY HLDGS

SOUNDWILL HOLD

WYNN MACAU

CLOUD FACTORY

E-STAR CM

FU SHOU YUAN

JIAXING GAS

YIP'S CHEMICAL

BUILD KING HOLD

ANTON OILFIELD

JIUMAOJIU

SOLOMON SYSTECH

TOWN HEALTH

HUADIAN POWER

CHINA RES POWER

SC HOLDINGS

FOSUN INTL

KAM HING INT'L

CKI HOLDINGS

INFINITY DEV

STRAWBEAR ENT

LITU HOLDINGS

ZHONGSHI MINAN

KB LAMINATES

VICTORY SEC

GEELY AUTO

CHINNEY KW

EEKA FASHION

TAI SANG LAND

TINGYI

GTHT

BLUE MOON GROUP

CHINNEY ALLI

WASION HOLDINGS

Zhitong Hong Kong Stock Investment Log | June 11

SOUTH CHINA FIN released its annual performance for the year ending December 31, 2024, reporting a loss attributable to equity holders of HKD 295 million, an increase of 112.43% year-on-year. Revenue from continuing operations was HKD 36.799 million, a decrease of 14.08% year-on-year. The decline in revenue was mainly due to a decrease in income from the asset and wealth management segment, while income from margin financing, property investment, and corporate consulting segments increased

SOUTH CHINA FIN released its annual performance report, with a loss attributable to equity holders of HKD 295 million, an increase of 112.43% year-on-year

SOUTH CHINA FIN(00619.HK)

South China Financial Sets March Board Meeting to Approve 2025 Results

SOUTH CHINA FIN has realized HKD 6.81 million from the sale of I-CABLE COMM

Morning Trend | Manulife Financial-S (945.HK) surged and then retreated, with increasing divergence in defensive attributes

SOUTH CHINA FIN plans to partner with a third-party consortium to enter the AI pharmaceutical sector

SOUTH CHINA FIN released its interim results, with a loss attributable to shareholders of HKD 46.806 million, a year-on-year narrowing of 2.05%

"Performance" South China Fin's loss in the first half expanded to 46.806 million yuan, no dividend declared

Zhitong Hong Kong Stock Investment Journal | August 19

Understanding the Market | The Stablecoin Boom Ignites Brokerage Stocks, SOUTH CHINA FIN rises over 90% in the afternoon, and CC SECURITIES increases by more than 70%

Zhitong Hong Kong Stock Investment Log | June 11

SOUTH CHINA FIN released its annual performance report, with a loss attributable to equity holders of HKD 295 million, an increase of 112.43% year-on-year