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Real-time News
Youyan Powder Materials: Revenue increased by 20.33% year-on-year to 3.226 billion yuan, net profit increased by 6.30% year-on-year to 58.59 million yuan, and net profit after deducting non-recurring items increased by 39.85% year-on-year to 33.51 million yuan.On February 24, it was reported that the shares sold to retail investors in the Hong Kong initial public offering (IPO) of Mixue Group had recorded HK$839.3 billion in margin loans from brokerage firms alone.After the German election, Germanys 10-year government bond yield rose 2 basis points to 2.48%.On February 24, Han Wenxiu, director of the Central Rural Work Office, said at a press conference that keeping the bottom line of not returning to poverty on a large scale is not just an annual task this year, but must be kept for a long time and permanently after the transition period. Here I can tell you clearly that after the transition period, the assistance policy will not be "brake", but it will be improved by classification, and a sound institutional mechanism for normalized assistance will be established. The Party Central Committee has clear general requirements and directions for continuing to assist low-income rural populations and underdeveloped areas. This time, the Central Document No. 1 proposed to coordinate the establishment of a mechanism to prevent rural re-poverty and a stratified and classified assistance system for low-income populations and underdeveloped areas. At present, we are organizing an overall assessment of the five-year transition period for consolidating and expanding the achievements of poverty alleviation and effectively connecting rural revitalization. On the basis of the assessment, we will optimize and improve the various assistance policies by classification.On February 24, HSBC Research published a report stating that Lenovo Group (00992.HK) benefited from a one-time income tax credit of US$282 million, and its earnings per share in the third quarter ended December last year was 5.75 US cents, which was 59% and 98% higher than the banks and market expectations. The gross profit margin of 15.7% in the last quarter was lower than the banks expectations, but in line with market expectations. The operating profit margin of 3.7% was also lower than the banks expectations, but in line with market expectations. The report said that Lenovos market positioning is good, with AI PC market share reaching 30% in the current fiscal quarter. Since AI PCs have a 20% premium over traditional notebook computers, they are expected to continue to support Lenovos profit margin improvement in fiscal years 2025 to 2026. In addition, the bank expects Lenovos AI servers to have considerable profits in the next fiscal year. The ISG business (server) benefited from strong demand in the last fiscal quarter, and its operating profit turned from loss to profit, beating market expectations. The bank raised its valuation basis for Lenovo from a forecast price-to-earnings ratio of 10 times in fiscal 2026 to 13.5 times, and expects the average annual compound growth rate of earnings to reach 16% from fiscal 2025 to 2027. It maintained a buy rating and raised its target price from HK$12.2 to HK$15.1.
