bestnftcryptogames| A-shares and Hong Kong stocks broke out! The "bull market flag-bearer" has risen sharply!

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This morning, the A-share market concussion upward, in which the gem index rose sharply, as a "market vane" of the rise of the brokerage plate, a number of brokerage stocks rose sharply.

The Hong Kong stock market continued to rise this morning, with the Hang Seng Index nearing its annual line after days of gains.

Among the constituent stocks of the Hang Seng Index, Longhu Group, Shunyu Optical Technology and Li Ning led the intraday gains. In addition, among the stocks whose share prices fluctuated sharply in the Hong Kong stock market, Tuhu-W once soared more than 20%.

All the major indexes of the A-share market rose sharply.

This morning, the A-share market fluctuated upward, all the major indexes rose, of which the gem index rose sharply. By the close of trading in the morning, the Shanghai Composite Index was up 0.Bestnftcryptogames.79%, the Shenzhen Composite Index rose 1.51%, and the gem Index rose 2.54%.

From the perspective of the industry plate and the track, the TMT track led the rise, with an overall increase of about 3 per cent, with many stocks rising by the daily limit or more than 10 per cent.

Leading industrial USI rose sharply, hitting the daily limit in intraday trading, and the company's latest total market capitalization is about 480 billion yuan.

As the market "weather vane" of the rise of the brokerage plate, the overall increase of more than 3% in the morning. Guosheng gold control plate hit the limit, Zheshang Securities, founder Securities once rose more than 8%.

Trading in Guolian Securities is suspended today. Guolian Securities last night issued a suspension notice on the planning of major asset restructuring. According to the announcement, Guolian Securities Co., Ltd. (hereinafter referred to as "company" or "listed company") is planning to acquire control of Minsheng Securities Co., Ltd. (hereinafter referred to as "Minsheng Securities" or "target company") by issuing A-shares and raise supporting funds (hereinafter referred to as "this transaction" or "this restructuring"). This transaction is still in the planning stage, so far, the valuation of Minsheng Securities and the other parties to participate in this transaction have not yet been finally determined. This transaction constitutes a related party transaction and is expected to constitute a major asset reorganization as stipulated in the measures for the Management of Major Asset reorganization of listed companies, and this transaction will not lead to a change in the actual controller of the company and will not constitute a reorganization and listing.

The announcement said that in view of the uncertainty of the above matters, in order to ensure fair information disclosure, safeguard the interests of investors and avoid abnormal fluctuations in the company's share price, according to the relevant regulations of the Shanghai Stock Exchange, upon application by the company, the company's A-share shares (referred to as: Guolian Securities, stock code: 601456.SH) will be suspended from trading on Friday, April 26th, 2024, and trading is expected to be suspended for no more than 10 trading days.

According to the announcement of Guolian Securities, on April 25, 2024, the company signed with 45 trading parties.BestnftcryptogamesThe "Cooperation intention Agreement" on this transaction. According to the agreement, for the purpose of cooperation, the listed company intends to acquire the shares of the target company (hereinafter referred to as the "underlying assets") by issuing shares in order to obtain the control of the target company. In the way of cooperation, the listed company intends to purchase about 10.87 billion shares of the target company held by the other parties such as Wuxi Guolian Development (Group) Co., Ltd., accounting for 95.48% of its total share capital. The scope of the assets specifically acquired by the listed company in this reorganization is still under negotiation and discussion, and finally the formal agreement signed by the parties shall prevail.

Northbound funds, a net purchase of about 13.5 billion yuan in half a trading day in the morning.

The Hong Kong stock market continues to soar. Tuhu shares soared more than 20% in intraday trading.

The Hong Kong stock market continued to rise this morning, with the Hang Seng Index nearing its annual line after days of gains.

Among the constituent stocks of the Hang Seng Index, Longhu Group, Shunyu Optical Technology and Li Ning were among the top gainers.

The hang Seng technology index rose even more sharply, up more than 3 per cent in intraday trading. Among the constituent stocks of the Hang Seng Technology Index, Shangtang-W, Xiaopeng Automobile-W, ideal Automobile-W, Ulay-SW and so on are among the top gainers.

Among the stocks that fluctuated sharply in the Hong Kong stock market, Tuhu-W soared more than 20% at one point.

On the news side, a notice posted on the website of the Shenzhen Stock Exchange on April 26 showed that according to the relevant provisions of the Shenzhen Stock Exchange's measures for the implementation of the Shenzhen-Hong Kong Stock Connect, the securities list of Hong Kong stocks has been adjusted and will take effect from April 26, 2024. Tuhu-W was transferred to the list of securities for Hong Kong stocks.

In addition, according to the 2023 annual report released by Tuhu last night, relying on China's economic recovery, the group maintained a good growth momentum in 2023, achieving an annual total income of 13.6 billion yuan, up 17.8 percent from 11.5 billion yuan in 2022. During the year, thanks to the optimization of the sales structure and the continuous improvement of operational efficiency, a gross profit of 3.4 billion yuan was recorded, corresponding to a gross profit margin of 24.7%, an increase of 5.0% over the previous year. Among them, the automobile maintenance business continued to improve in the breadth of category coverage and the depth of dedicated and own self-control products, and the gross profit of this business line increased significantly from 1.2 billion yuan in 2022 to 1.6 billion yuan in 2023, an increase of 34.3% over the same period last year. With the enhancement of the scale effect of the group and the continuous improvement of management efficiency, operating expenses continue to be diluted, and total operating expenses (including operating and support expenses, R & D expenses, sales and marketing expenses, general and administrative expenses) accounted for 24.4% of total revenue in 2023, a decrease of 3.2 percentage points compared with the previous year.

Tuhu said that the company achieved its first full-year profit in 2023, reaching an important milestone, recording an adjusted net profit (measured by non-IFRS) of 481.3 million yuan.

Yue Yuen also soared, rising more than 16% at one point in intraday trading.

Yue Yuen Group previously issued a positive profit warning announcement. According to the above announcement, the Board of Directors of the Company wishes to inform the shareholders and potential investors of the Company that based on the preliminary review of the unaudited consolidated financial statements of the Group for the three months ended 31 March 2024, the Group expects that the profit attributable to the owners of the Company for the period will increase by approximately 95% to 100% compared with the profit for the same period in 2023.

The announcement said that according to the available data of the Group, the increase in profit was mainly due to the gradual recovery of the global footwear industry and the normalization of orders, which led to an increase in capacity utilization and production efficiency, coupled with the support of low base period effects. In addition, the one-time gain from the sale of part of the interest in an associate during the period also made a positive contribution to profit.

Yue Yuen Group's announcement also stated that the group will enhance its operating resilience and create a highly agile and flexible operating model, supplemented by a comprehensive human and capacity improvement plan to balance demand, order scheduling and labor supply, thereby improving production efficiency.