Early trading on May 16crashbandicoot2d, the Hong Kong stock market continues to be strongcrashbandicoot2d, the Hang Seng Index opened nearly 1% higher. As of press time, the Hang Seng Index was at 19129 points, an increase of 0.0%crashbandicoot2d.29%; the Hang Seng Technology Index reported 4045 points, an increase of 0.00crashbandicoot2d.1%。
Tencent Holdings hit another new high for the year, opening 4.77% higher in early trading today, and its share price once exceeded the HK$400 mark. Previously, Tencent Holdings announced a quarterly report that exceeded expectations. During the reporting period, Tencent achieved revenue of 159.501 billion yuan, a year-on-year increase of 6%; gross profit was 83.870 billion yuan, a year-on-year increase of 23%, and gross profit margin increased from 45% in the same period last year to 53%; Profits attributable to equity holders of the company were 41.889 billion yuan, a year-on-year increase of 62%; basic earnings per share were 4.479 yuan. Tencent's most outstanding performance was online advertising, achieving revenue of 26.5 billion yuan, a year-on-year increase of 26%.
In addition, science and technology stocks were significantly divided, with Alibaba falling more than 4%, Baidu falling more than 1%, and Meituan rising more than 2%. Real estate stocks rebounded collectively, with Sunac China rising more than 10%, while R & F Properties, Vanke Enterprises and Poly Property all rising more than 5%.
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