[Annual Inventory] Interpretation of the top ten best Hong Kong stock earnings reports in 2020

Unbeknownst to me, 2020 has already entered the countdown. What the financial report says is that 2020 will be able to cross the sea of stocks; in reality, 2020 is still a small leek. I don't know what 2020 will be like for all of you cowboys?

Affected by the pandemic in 2020, we experienced the worst earnings season for many companies, and also witnessed the strong resilience of many outstanding companies. More importantly, Futubull Community Quan has a group of smart and insightful financial analysis experts to analyze financial data for everyone and help mooer make correct investment decisions.

The following financial report brings you the first year-end inventory of the 2020 financial report --2020 Top 10 Hong Kong Stock Financial Report Interpretation Articles, let's review it together~

The number of articles combined with the number of contacts, the number of contacts, the number of pages, and the equivalence of the content of the mooer does not represent the existence of any platform, the following articles are not separated.

@一个id Tencent 2019 Q4 and Annual Results Analysis (1) Comprehensive analysis of Tencent's investment business (2)

——Comprehensive analysis of Tencent's business and value from Tencent's annual report

“2019Fintech and corporate services are the biggest contributors to annual growth. Tencent's previous revenue mainly depended onQQ+Games, after WeChat launched, the number of users grew very fast, but commercialization was always very restrained, that is, to reverse traffic to the game. Later, the circle of friends slowly added a bit of traffic wool, but it gave many third party companies a lot of traffic wool. From the earliest password scavenging to today's headlines, Douyin, to Pinduoduo, Tencent invested in some companies, but overall, WeChat's traffic dividends were not particularly well used by Tencent's main business or most investment businesses.”

@斐波纳奇 Read SMIC's financial performance in the past six years (2014-2019) in one article

——In-depth analysis of SMIC's investment value

“After six years of analysis, we were able to sort out what the company is doing through financial performance?The company only does one thing. It continuously makes money, continues to finance, and uses both the money it earns and the money it lends to expand production. As a result, at present, SMIC still has the characteristics of a startup and continues to be in the technology catch-up and capital investment stage, far from reaching the harvest period.”

@老铁科技说 An Investor's Reflections: Why I Liquidated Meituan Stock Too Early

——Detailed review of Meituan's journey of investing in Meituan

In Q3 2020, Meituan increased rider expenses (mainly seasonal and temporary subsidies), and the gross profit margin for takeout declined, but the operating profit margin increased from 2.1% in the same period last year to 3.7%, the improvement was quite obvious. This can also be seen that under the premise of increasing marketing revenue, increasing rider costs and expenses will not affect the overall profit margin, and marketing revenue can be viewed as Meituan's next potential revenue.

@PearsonHardman Leading the Stock Market, My Favorite Stock Market in 2020: An Interpretation of Alibaba's Second Quarter Results

——Comparing JD and Pinduoduo, think about the logic of investing in Alibaba

“Alibaba, JD, and Pinduoduo, if there were three, I would choose Alibaba. Because the business is more scattered, it will grow more safely and steadily. Pinduoduo's business grew the fastest, but since losses were higher than expected, the stock price fell. I think it's just an excuse to pull back; his stock price has risen 1.2 times throughout the year. JD can both grow and defend.”

@金融棱镜 Hong Kong Stock Exchange Second Quarter Review: What are the future highlights

——Comprehensive analysis of financial highlights and risks of the Hong Kong Stock Exchange

“Throughout the first half of 2020, the capital market experienced unprecedented fluctuations due to the pandemic, which also carried out an in-depth test of the exchange's performance flexibility. However, as an investor, you should review this income statement and balance sheet to observe the future business growth space of the Hong Kong Stock Exchange.”

@雞旦權手 Ping An Performance Analysis: The sleeping protagonist still hasn't woken up

——Comprehensive interpretation of Ping An's performance from four major aspects

“Overall, this performance is very disappointing. Apart from the overall decline in the operating indicators of the core life insurance and property insurance business, the contrarian decline in return on investment also raises concerns about its ability to allocate assets. It is believed that after such poor performance, Ping An of China's stock price will be held back by $86 for a long time until the “good start” officially begins at the end of December this year.”

@林奇漫游纪 The financial report is very good, why is Xiaomi not rising?

——Interpreting the logic of Xiaomi's record high from the third quarter earnings report

“Judging from financial reports, strong overseas growth gives Xiaomi enough room for imagination in this segment of the business and opens up overseas markets, thus promoting the real implementation of the LOT strategy. The advertising business is growing strongly. In the future, as mobile phone sales increase and the number of users will increase, it is expected to link with the Internet sector, thereby boosting the overall valuation of Xiaomi.”

@飞龙在天论道 China appreciates a brief analysis

——An article takes you to understand the value analysis of SaaS service providers

“The capital market gives China Youzan high expectations. Considering that the listed company China Youzan only contains 51% of Youzan's shares, the company's market value had reached more than HK$60 billion before. The future increase in the company's value depends on breakthrough progress in the company's business and continuous improvement in financial conditions.”

@火风战士 Fire Wind Reply: Practical Review Sharing - Looking at Nine Dragons Paper from the Perspective of Performance, Industry, and Technology

——Take Nine Dragons as an example to teach you how to analyze financial reports

“The company announced its full year results on September 23. The core profits include surprise, continued debt reduction, increased dividends, and stimulated backlash of capital. In terms of core profit, excluding exchange losses (before taxes) from operating and financing activities of approximately RMB 260 million, the profit attributable to the company's equity holders increased by about 9.6% to RMB 4.43 billion, due to an increase in gross profit.”

@J_Slivermore China Mobile is old, can you still eat?

——Starting with financial data, explain the value and layout of China Mobile

“China Mobile has been deploying in recent years, from core networks to higher-level services, from the Internet of Things to core platforms, and from telecommunication services to lifestyle culture. China Mobile seems to be ready and has been penetrating, combining different methods to obtain traffic entry points. Prepare to detonate all of this when 5G comes. Whether it was successful or not is currently unclear. But at least in terms of preparation, China Mobile is indeed superior to other operators. So China Mobile is not only young, but also ready to eat bigger, more meals.”

The above financial report explains the financial reports of the top ten Hong Kong stocks in the Futubull Community for everyone. I don't know if there are any companies you are interested in.

Thank you to all the authors for their wonderful posts. The selected authors will receive a copy of the Beautiful Futubull Community. Thanks to the encouragement and support of more mooer, I hope all the cowboys can produce more high-quality content and interact more in the next year, so that they can invest more easily and not alone!

The 2020 Futubull Community's Most Influential and Rising Star mooer selection is in full swing. Come and choose the best mooer in your heart!

[Annual Selection] 2020 Vote for the Most Influential mooer in the Futubull Community

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