Binhai Investment (02886) has a promising future with significant net outflow of Hong Kong stocks.

Guo Jiayao, Director of Business Development at Harbour Family Office, stated that the performance of US stocks fell back on Tuesday (24th), with international oil prices lingering at high levels. Coupled with renewed concerns about private equity credit in the market, the overall market sentiment was dragged down, and all three major indexes closed with losses. The US dollar performed well, with the yield on 10-year US Treasury bonds rising to 4.36%, while gold prices rebounded slightly and oil prices fluctuated. Hong Kong stocks of pre-market securities were generally soft, and it was expected that the market would follow a lower opening in the early stages. Mainland Chinese stocks performed well yesterday, with the Shanghai Composite Index opening high and closing up 1.8%, while trading volume on the Shanghai and Shenzhen stock exchanges decreased slightly. Hong Kong stocks rebounded following overseas markets, with the indexes opening high before falling back briefly, then expanding again and rising above the 25,000 level. Blue-chip stocks generally rose, with overall trading activity remaining active. The external market continued to fluctuate, with a significant net outflow of funds from the north, and it is expected that the index will maintain a pattern of fluctuating ups and downs in the short term, continuing to hover around the 24,500 to 25,500 level. In addition, BINHAI INV (02886) recently announced its performance for 2025, showing strong operational resilience, with net profit attributable to shareholders reaching RMB 206 million, up 12% year-on-year. Despite weak domestic natural gas demand, the company's pipeline gas sales volume grew against the trend by 4.5%, and the average gross profit margin for urban gas was successfully restored to 0.51 yuan/cubic meter. In terms of financial management, the company significantly reduced financing costs by 41% by optimizing its debt structure, bringing the average loan rate down to 4.4%. Additionally, the value-added services sector performed well, with both revenue and gross profit increasing by over 13%, and the successful launch of the "Taiyue Home" e-commerce platform, transitioning into a comprehensive urban lifestyle service provider. Looking ahead to 2026, the company aims to achieve a total gas sales volume of 25 billion cubic meters and forecasts a 15% growth in value-added service gross profit. With the deepening strategic cooperation with two major shareholders, Tianjin TEDA and Sinopec (00386.HK) in March 2026, the company will further strengthen gas source security and market expansion. To reward investors, the company has promised to increase the dividend per share by not less than 10% annually from 2025 to 2027, making the future prospects promising. This article is reprinted from "ASDak Financial News", written by Guo Jiayao; GMTEight editor: Feng Qiuyi.