Group 1 - The Hang Seng Index Company announced the quarterly review results for the Hang Seng Index series as of December 31, 2025, with Xirui (02507) being included in the Hang Seng Composite Index [1] - The changes will be implemented after the market closes on March 6, 2026, and will take effect on March 9, 2026, leading to adjustments in the eligible stocks for the Hong Kong Stock Connect [1] - According to CICC's research report, Xirui is likely to be included in the Hong Kong Stock Connect due to meeting various criteria, including market capitalization, liquidity, and listing time [1] Group 2 - Western Securities (002673) noted that Xirui launched the VisionJet G3 product on February 3, with continuous price increases and upgrades in intelligence and comfort [1] - The firm believes that with the gradual acquisition of new orders for better-structured products like VisionJet G3 and SRG7+, the overall product structure will improve year-on-year, enhancing profitability [1]

Group 1 - The Hang Seng Index Company announced the quarterly review results for the Hang Seng Index series as of December 31, 2025, with Xirui (02507) being included in the Hang Seng Composite Index [1] - The changes will be implemented after the market closes on March 6, 2026, and will take effect on March 9, 2026, leading to adjustments in the investable scope of Hong Kong Stock Connect [1] - According to CICC's research report, Xirui is likely to be included in the Hong Kong Stock Connect due to meeting various criteria, including market capitalization, liquidity, and listing time [1] Group 2 - On February 3, Xirui launched the VisionJet G3 new product, which features price increases and upgrades in intelligence and comfort [1] - West Securities believes that with the gradual acquisition of new orders for better-structured products like VisionJet G3 and SRG7+, the overall product structure will improve year-on-year, enhancing profitability [1]

Core Viewpoint - Xirui (02507) has seen a significant stock price increase, reaching a high of 69.50 HKD, the highest since August of last year, with a current price of 68.60 HKD and a trading volume of 69.6553 million HKD [1][3] Group 1: Company Performance - Haitong International maintains an "Outperform" rating for Xirui (02507), citing improvements in product upgrades and profitability [1][3] - The company is projected to achieve revenues of 1.394 billion, 1.674 billion, and 1.951 billion USD for the years 2025-2027, an increase from previous estimates of 1.394 billion, 1.634 billion, and 1.904 billion USD [1][3] - Corresponding net profits are expected to be 159 million, 183 million, and 204 million USD for the same period, up from earlier projections of 141 million, 176 million, and 206 million USD [1][3] Group 2: Valuation and Target Price - Due to weak visibility of future orders and low DCF valuation matching, Haitong International has shifted to a PE multiple valuation method [1][3] - The target price for Xirui has been raised to 70.20 HKD based on an expected EPS of 18x PE for 2026 [1][3]

Core Viewpoint - Xirui (02507) shares rose over 8%, reaching a new high of 69.45 HKD since August last year, with a trading volume of 54.2 million HKD [1] Group 1: Company Performance - Haitong International forecasts that Xirui will deliver approximately 800 aircraft in 2025, with around 600 new orders expected [1] - The company is expected to meet the requirements for market capitalization, trading volume, and turnover rate set by index companies by the end of 2025 [1] Group 2: Product Development - On February 3, Xirui launched the VisionJet G3, which features price increases and upgrades in intelligence and comfort [1] - West Securities believes that with the introduction of better-structured products like VisionJet G3 and SRG7+, the overall product structure will improve year-on-year, leading to enhanced profitability [1]

Core Viewpoint - Xirui (02507) shares rose over 8%, reaching a new high of 69.45 HKD since August last year, with a trading volume of 54.20 million HKD [1] Group 1: Company Performance - Haitong International forecasts that Xirui will deliver approximately 800 aircraft in 2025, with around 600 new orders expected [1] - The company is expected to meet the requirements for market capitalization, trading volume, and turnover rate set by index companies by the end of 2025 [1] Group 2: Product Development - On February 3, Xirui launched the VisionJet G3, which features price increases and upgrades in intelligence and comfort [1] - West Securities believes that with the introduction of better-structured products like VisionJet G3 and SRG7+, the overall product structure will improve year-on-year, enhancing profitability [1]

Group 1 - The company announced the resignation of Ms. Huang Kaiting as the co-secretary and authorized representative effective from February 10, 2026 [1] - Mr. Chen Zhenjie has been appointed as the new co-secretary and authorized representative, effective from February 10, 2026 [1] - Mr. Chen is not an individual employee of the company but acts as an external service provider [1]

Group 1 - The company announced the resignation of Ms. Huang Kaiting as the co-secretary and authorized representative effective from February 10, 2026 [1] - Mr. Chen Zhenjie has been appointed as the new co-secretary and authorized representative, effective from February 10, 2026 [1] - Mr. Chen is not an individual employee of the company but acts as an external service provider [1] Group 2 - Mr. Chen will share the company secretary responsibilities with Mr. Pi Wei, who will continue as another co-secretary and act as the contact person for Mr. Chen regarding company secretary matters [1]

Group 1 - The company Xirui (02507.HK) announced the resignation of Huang Kaiting from the positions of co-secretary and authorized representative under the Hong Kong Listing Rules and the Companies Ordinance, effective from February 10, 2026 [1]

聯席公司秘書、授權代表及法律程序文件代理人變更 西銳飛機有限公司（「本公司」，連同其附屬公司統稱為「本集團」）董事（「董事」） 會（「董事會」）謹此宣佈，黃凱婷女士（「黃女士」）基於工作變動，已辭任本公司 聯席公司秘書（「聯席公司秘書」）、香港聯合交易所有限公司證券上市規則（「上 市規則」）第3.05條項下的授權代表（「授權代表」）及香港法例第622章公司條例 第16部項下於香港接收法律程序文件及通知的本公司的授權代表（「法律程序 文件代理人」），自2026年2月10日起生效。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因 依賴該等內容而引致的任何損失承擔任何責任。 Cirrus Aircraft Limited 西銳飛機有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2507） (1)聯席公司秘書、授權代表及法律程序文件代理人變更； (2)豁免嚴格遵守上市規則第3.28條及第8.17條； 及 (3)香港主要營業地點變更 黃女士已確認，彼與董事會並無意見分歧，亦無其他任何事宜須提請本公 ...

Core Insights - The article discusses the significant upgrade of the VisionJet series by the company, highlighting improvements in consumer orientation, spaciousness, and performance [1] Group 1: Product Upgrades - The VisionJet G3 features comprehensive upgrades in avionics, including the CPDLC system for electronic flight communication, eliminating the need for manual input [1] - Enhanced cabin space and quality, along with improved maximum flight speed, payload capacity, and altitude, as well as increased engine resistance to crosswinds [1] Group 2: Market Position and Orders - The target customer base is high-net-worth individuals rather than professional pilots, focusing on smart and safe performance upgrades to address pain points during flights [1] - The company has been expanding production capacity, which is expected to improve delivery rates and order fulfillment, with new models likely to command higher prices compared to older products [1] Group 3: Financial Outlook - The company anticipates improved product structure and profitability with the introduction of the VisionJet G3 and SRG7+, projecting net profits of $160 million, $190 million, and $240 million for 2025, 2026, and 2027, respectively [1] - The company maintains a strong competitive position in the industry, with expectations for continued steady growth and valuation recovery, supported by expanding delivery capabilities and service network [1]