Zhitong Hong Kong Stock 52-week New Highs and Lows Statistics | October 15

As of October 15, 52 stocks in the Hong Kong stock market reached a 52-week high. JH EDUCATION ranked first with a high rate of 27.72%, followed by HI SUN TECH and Fengyinhe Holdings, with high rates of 21.67% and 21.44%, respectively

JH EDUCATION released its interim results, with profit attributable to shareholders of 238 million yuan, a year-on-year decrease of 11.11%

According to the Zhitong Finance APP, JH EDUCATION released its interim results for the six months ended June 30, 2025, with revenue of 535 million yuan (RMB, the same below), an increase of 3.31% year-on-year; profit attributable to shareholders of 238 million yuan, a decrease of 11.11% year-on-year; basic earnings per share of 14.86 cents

$Moutai(600519.SH) 1Q25 Earnings Quick Interpretation: Moutai's Q1 earnings slowed as expected, but the overall growth rate was still higher than the company's full-year guidance of 9%.Moutai liquor achieved revenue of 43.6 billion yuan, a year-on-year increase of 9.7%. Although Moutai does not disclose production and sales data in its quarterly report, considering the control of Feitian supply to support prices, Dolphin Research speculates that the growth of Moutai liquor is more attributable to the increased contribution from non-standard products. Series liquor achieved revenue of 7.02 billion yuan, a year-on-year increase of 18.3%, accelerating again after two consecutive quarters of slowdown in Q3 and Q4 of last year. Combined with channel research information, Moutai 1935 sales during the 2025 Spring Festival period showed significant acceleration, and channel inventory has been digested to a relatively low level, basically entering a healthy growth phase.By channel, the direct sales ratio of Moutai in 1Q25 was 45.9%, still maintaining a high level. Dolphin Research speculates that to alleviate the supply pressure of 500ml Feitian, Moutai continued the Q4 strategy by increasing the supply of non-standard products (such as kilogram packs, 100ml small gift boxes, etc.), which are often distributed through direct sales channels.In terms of gross margin, although Moutai increased the supply of non-standard products in Q1, the volume growth of series liquor caused the gross margin to slightly decline from 92.7% in the same period last year to 91.8%. However, the highlight of this quarter was that Moutai further strengthened cost control across all business segments, improved dealer sales, and reduced the management expense ratio to 3.7%, the lowest level in nearly three years, ultimately achieving a net profit margin of 52.2%.For more details, please refer to Dolphin Research's subsequent earnings commentary.

JH EDUCATION announced its 2024 performance, with profit attributable to owners of the company approximately HKD 313 million, a year-on-year decrease of 19%

JH EDUCATION announced its 2024 performance, with revenue of approximately 981 million yuan, a year-on-year increase of 12%. The profit attributable to the company's owners was approximately 313 million yuan, a year-on-year decrease of 19%. Earnings per share were 19.54 cents. The revenue growth was mainly due to an increase of 100 million yuan in tuition income, while the decrease in profit was mainly due to net losses from fair value adjustments of investment properties and increased corporate income tax expenses

JH EDUCATION: Zhengzhou University of Economics and Trade has signed a construction contract with Henan Xianrui Construction Engineering

JH EDUCATION signed a construction contract with Henan Xianrui Construction Engineering Co., Ltd., with a total contract amount of 825.6 million RMB. The project includes the construction of teaching and training buildings, public buildings, faculty apartments, and dormitory buildings, located in the Shangjie campus of Zhengzhou University of Economics and Trade, expected to accommodate approximately 20,000 students. This initiative aligns with the group's development strategy, aiming to expand the scale of higher education business, enhance educational services and facility capabilities, and promote sustainable development