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Huabao International (00336.HK) has subscribed for financial products totaling 1.047 billion yuan from Xiamen International Bank.
Huabao International (00336.HK) announced that on June 30th, 2022, the total investment of these financial products which have been subscribed by the group members from Xiamen International Bank and have not yet matured at the date of the announcement is RMB 1.047 billion.
Huabao International (00336): group members subscribe for 1.047 billion yuan of financial products from Xiamen International Bank.
Zhitong Financial APP News, Huabao International (00336) issued a notice that the financial products provided by Xiamen International Bank have matured and the investment principal of the relevant financial products, together with interest, have been returned to the corresponding group member companies (including: Guangdong Jiahao, Jiahao Marketing, Warburg Peacock, Yingtan Warburg and Lhasa Warburg). On June 30th, 2022, the total investment of these financial products subscribed by the Group members from Xiamen International Bank and which has not yet matured as at the date of this announcement is RMB 1.047 billion. As at the date of this announcement, the directors confirm that all financial products except those financial products have not yet matured to the
Changes in Hong Kong stocks | Huabao International (0336.HK) rose more than 23%. Market capitalization returned to HK $20 billion after five months.
On June 30th, Huabao International (0336.HK) rose 23.5% to HK $6.19, a five-month high, and the total market value returned to HK $20 billion. The company issued a profit warning on the 28th and expects to make a pre-tax profit of about 407 million yuan for the five months ended May 31, 2022, down about 27% compared with the same period last year. Mainly due to the impact of the epidemic and the international situation during the period, resulting in reduced market demand and rising cost of raw materials. It is worth mentioning that at the end of May, the group members received further purchase orders from Guangdong China Tobacco Co., Ltd.
Changes in Hong Kong stocks | Huabao International (00336) rose nearly 20% after earnings warning and expected pre-tax profit of about 407 million yuan in the first five months to fall 27% from a year earlier.
Zhitong Financial APP learned that Huabao International (00336) rose nearly 20% in early trading and rose 14.54% to HK $5.75 as of press time, with a turnover of HK $43.0043 million. Huabao International issued an earnings warning and expects to make a pre-tax profit of about 407 million yuan in the five months to May 31, 2022, down about 27% compared with the same period last year. The company explained that the decrease in market demand and the increase in raw material costs due to the epidemic and the international situation during the period, coupled with changes in the group's product structure, led to a decline in the group's comprehensive gross profit margin. Soochow Securities believes that the policy encourages the industry to develop thoroughly.
Huabao International Holdings Expects Lower Profit for Year through May 31
11:27 PM EDT, 06/28/2022 (MT Newswires) -- Huabao International Holdings (HKG:0336) expects net profit for the first five months of 2022 to decrease 27% from a year ago, according to a Tuesday filing.
Huabao International (00336) issued a profit forecast of about 407 million yuan before tax in the first five months, down 27% from the same period last year.
Zhitong Financial APP News, Huabao International (00336) announced that the group's profit before tax for the five months ended May 31, 2022 is expected to be about 407 million yuan (excluding impairment of goodwill, and changes in the fair value of unlisted equity investments (if any, financial assets measured at fair value and the changes are included in profit or loss), decreased by about 27% compared with the same period last year. During the first five months of 2022, COVID-19 's burning in some provinces and cities of China and changes in the international situation led to a reduction in market demand and a rise in raw material costs, coupled with changes in the group's product structure.
Huabao International: profit warning
Hong Kong stocks have known for a long time | the National standing Committee will decide to increase the support policy for automobile consumption, and the European Parliament will pass the blockbuster climate bill.
The Central Shenzhen Reform Commission: it is necessary to regulate all platform enterprise payments and other financial activities in accordance with the law; SASAC: to consider and optimize the plan to support the high-quality development of medical institutions run by state-owned enterprises; the seventh batch of national drug collection work is scheduled to start in early July.
Concept tracking | the State Tobacco Administration continues to promote the development of standardized e-cigarette industry, and the medium-and long-term penetration rate of e-cigarettes is expected to continue to increase (with concept unit)
Zhitong Financial and Economic APP learned that the official website of the State Tobacco Monopoly Bureau issued a document on the 19th to continue to promote the legalization and standardization of the development of the e-cigarette industry in an orderly manner. Recently, the State Tobacco Monopoly Bureau has issued a number of e-cigarette related production enterprises tobacco monopoly production enterprise licenses and changed a number of e-cigarette wholesale enterprises tobacco monopoly wholesale enterprise licenses in accordance with the law; tobacco monopoly administrative departments at all levels have issued a number of tobacco monopoly retail licenses as the main body of the e-cigarette retail market in accordance with the law. A number of e-cigarette products that meet the national standards of "e-cigarette" have passed the technical evaluation one after another. Soochow Securities believes that carrying out strict and standardized testing activities will
Changes in Hong Kong stocks | E-cigarette concept stocks pull up Blue Book estimates that the export of e-cigarettes this year is 186.7 billion yuan
On June 17, China's Bolton soared by more than 30% in intraday trading, but now it is up more than 19%. Huabao International is up 5%, Smoore International Holdings Limited is up more than 4%, and China Tobacco Hong Kong is up 1.54%. At the sixth e-cigarette standard development promotion meeting in 2022, the blue book on e-cigarette export was launched. It is estimated that China's e-cigarette export scale will reach 186.7 billion yuan this year, including 45.3 billion yuan in the first quarter. Shenzhen is the center of e-cigarette industry. Lu Jixian, deputy director of Investment Promotion Agency of Baoan District, said at the conference that at present, more than 95% of the world's e-cigarette production and products come from China. It is reported that Simo, the leader,
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