Hong Kong Stock Morning Report | China lowers tariffs on the U.S. to 10%, five departments interview food delivery platform companies.
①China stated that the additional tariffs imposed by the U.S. have been adjusted from 34% to 10%. ②Five departments have held talks with food delivery platform companies. ③The Semiconductor and Integrated Circuits Industry Investment Fund in Shenzhen has been established, with a scale of 5 billion yuan. ④Trump is prepared to tear up Biden's export red lines, and the UAE is expected to be allowed to purchase one million NVIDIA chips.
U.S. stocks closed: The S&P recovered all losses for the year, and NVIDIA's surge led the return of the AI Concept.
① NVIDIA received a large order from Saudi Arabia, closing up 5.63%; ② UnitedHealth plummeted about 18%, dragging down the Dow; ③ Nasdaq Golden Dragon Index fell 0.07%; ④ General Motors partnered with LG New Energy to develop a new type of LMR square Battery.
Hong Kong stock announcement to seize opportunities | JD.com Group's net income for the first quarter is 10.89 billion yuan, an increase of 52.73% year-on-year.
In the first quarter, BEIGENE's revenue was 8.048 billion yuan, a year-on-year increase of 50.2%.
Tencent Music Q1 Paying User Growth More Than Offsets Monthly Active User Loss
Tencent Music Entertainment's Profit Balloons 202% in Q1
Research Alert: Tme Q1 2025 Earnings Ahead Of Expectations, On Revenue And Margin Gains
Express News | US-Listed Shares of Tencent Music up 2.3% Premarket After Q1 Revenue Beat
6-K: Report of foreign private issuer (related to financial reporting)
In the first quarter, Tencent Music (01698) reported a year-on-year growth of 201.76% in net income attributable to the parent company.
Jinwu Financial News | Tencent Music (01698) announced its unaudited financial performance for the first quarter of 2025. During the period, profit attributable to equity holders of the company was 4.291 billion yuan (RMB, the same below), a year-on-year increase of 201.76%; basic earnings per share for ordinary shares was 1.4 yuan, compared to 0.46 yuan in the same period last year. During the period, the group's revenue was 5.804 billion yuan, a year-on-year increase of 15.92%. Revenue from online music services experienced strong growth of 15.9% compared to 5.01 billion yuan in the same period of 2024, reaching 5.8 billion yuan (0.8 billion USD). Among them, the online music subscription revenue was 4.
TME-SW: ANNOUNCEMENT OF THE FIRST QUARTER 2025 UNAUDITED FINANCIAL RESULTS
Tencent Music Entertainment Group's Q1 Non-IFRS Earnings, Revenue Increase
TME 1Q Online Music Monthly Average Users 555M, Down 4.0% on Year >TME
Earnings Flash (TME) Tencent Music Entertainment Posts Q1 Adjusted Earnings 1.37 Chinese Renminbi per ADS, Vs. FactSet Est. of 1.33 Renminbi
Tencent Music Entertainment 1Q Rev CNY7.36B Vs. CNY6.77B >TME
Tencent Music Enter Gr Q1 Adj. EPS $0.19, Sales $1.01B, Both Inline
Express News | Tencent Music Entertainment Group: Qtrly Non-Ifrs Diluted Earnings per Ads RMB1.37
Express News | Tencent Music Entertainment Group - Q1 Total Revenues RMB7.36 Billion
Express News | Tencent Music Entertainment Group Announces First Quarter 2025 Unaudited Financial Results
Press Release: Tencent Music Entertainment Group Announces First Quarter 2025 Unaudited Financial Results
Earnings Scheduled For May 13, 2025