[Daily Announcement] Lexin Outdoor (2720) starts its IPO today, with car sales generally slowing down in January, only Geely (175) recording month-on-month growth

Lexin Outdoor Starts Public Offering Today, Entry Fee Approximately HKD 6,186 Lexin Outdoor (2720.HK) today (February 2) begins its public offering, with a lot size of 500 shares and an offer price of HKD 11.25 to HKD 12.25, resulting in a one-lot entry fee of HKD 6,186.78. The offering will close on February 5, with listing expected on the 10th. January Auto Sales Generally Slowed, Only Geely Recorded Month-on-Month Growth In the new month, major automakers have announced their January sales figures, with most sales lower than in December, among which BYD performed the worst, while Geely stood out as the only automaker with an increase: BYD (1211.HK), sales of 210,000 vehicles, down 50% month-on-month and down 30.1% year-on-year. Li Auto (2015.HK), delivered nearly 27,700 new vehicles, down 37.5% month-on-month and down 7.5% year-on-year. XPeng (9868.HK), delivered 20,000 vehicles, down 46.6% month-on-month and down 34.1% year-on-year. Nio (9866.HK), delivered 27,000 vehicles, down 43.5% month-on-month and up 96.1% year-on-year. Geely Auto (175.HK), total sales of 270,000 vehicles, up 14.1% month-on-month and up 1.3% year-on-year. Great Wall Motors (2333.HK), total sales of 90,000 vehicles, down 27.2% month-on-month and up 11.59% year-on-year. GAC Group (2238.HK) announced January sales of 116,000 vehicles, down 37.8% month-on-month and up 18.5% year-on-year. Chery Automobile (9973.HK), total sales last month of 191,000 vehicles, down 17.5% month-on-month and down 10.7% year-on-year. Xiaomi Group (1810.HK) subsidiary Xiaomi Auto delivered over 39,000 vehicles, down 22% month-on-month, but up 95% compared to over 20,000 vehicles in the same period last year. Macau's January Gambling Revenue Reaches 22.6 Billion, Recovering to 90% of Pre-Pandemic Levels January gambling revenue exceeded 22.6 billion Macau patacas, rising 18% year-on-year, better than market expectations, and recovering to 91% of pre-pandemic levels; month-on-month comparison increased by over 8%, also better than market expectations. China National Building Material Issues Profit Warning, Expects to Lose Up to 4 Billion Yuan for the Year China National Building Material (3323.HK) issued a profit warning, expecting to turn from profit to loss for the year ending last month, with losses of up to 4 billion yuan. This is mainly due to impairment provisions for properties, plants, and equipment, as well as an increase in goodwill impairment provisions. According to preliminary estimates from assessment agencies, the expected impairment provisions for related assets are approximately 6 billion to 8.3 billion yuan. SF Express City Issues Profit Alert, Expects Annual Net Profit to Increase by Over 80% SF Express City (9699.HK) issued a profit alert, expecting net profit for the year ending last month to be no less than 238 million yuan, with a year-on-year growth of no less than 80%. Revenue during the period is expected to be no less than 22 billion yuan, with a year-on-year growth of no less than 40%. This is mainly due to the rapid increase in demand for instant delivery, healthy growth in order volume and revenue, significant scale enhancement, and a neutral and open positioning in the third-party market SF Express announces profit alert, expects full-year net profit to increase by over 80% West China Cement (2233.HK) issues USD 300 million senior notes with an annual interest rate of 10.5%, maturing in 2029. The funds will be used for the repurchase, redemption, or repayment of existing debt, as well as for working capital