HK Stock Market Move | JXR(01951) rose more than 7% in the final trading session. Various regions may gradually release maternity benefits policies, from which the company is expected to directly benefit.

JXR (01951) rose more than 7% at the close of trading, with a 7.21% increase to HK$3.27 as of the time of writing, with a trading volume of HK$6.08 billion. On the news front, this year's government work report proposed in the 2025 government work tasks section "to formulate policies to promote childbirth and provide parenting subsidies", with follow-up policies implemented in many places. A community in Guangzhou's Huangpu district has introduced a childbirth incentive policy, where parents of three children can receive a one-time payment of HK$5,000. Previously, Hohhot, Inner Mongolia, also issued subsidy rules for childbirth that exceeded expectations, with subsidies of HK$10,000 for the first child, HK$50,000 for the second child, and HK$100,000 for the third child. Huatai pointed out that looking ahead to 2025, due to the inclusion of IVF in medical insurance and the continuous release of childbirth subsidies in various regions in China, as well as the production start of new properties in Shenzhen in July and rapid expansion in the United States driven by potential overseas policies, the company is optimistic about the boost in the company's domestic and international cycles in 2025. However, considering overseas labor costs and the allocation confirmation of the large building in Shenzhen, we estimate that the company's adjusted net profit will grow steadily this year and maintain a "buy" rating.