{
 "as_of": "2026-11-04",
 "cmr": "hk-cm-kg/HKEX/01234",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# CHINA LILANG (Main Board: 01234) — research page\n\nAs of 2026-11-04 · hk-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is CHINA LILANG, listed on the Main Board of the Hong Kong market under ticker 01234, with ISIN KYG211411098. The record holds no LEI, segment, sector or jurisdiction for the issuer, and the security type is Corporate. The issuer is listed and not halted.\n\n## The disclosure read\n\nThe record holds 36 filings in the twelve months to 2026-11-04, across 22 filing days. The median gap between filing days is 12 days. The latest filing is dated 2026-11-02 and is a monthly return, 2 days before the record date. The Main Board median cadence gap is 9.0 days, the median filings is 46.0, and the median latency is 2.0 days across 2472 issuers. The sector median is not on the record.\n\n## Auditor\n\nThe auditor of record is KPMG, with its location not on the record. The auditor changes are not on the record.\n\n## Events and halts\n\nThe record holds no listing, delisting, name change, domicile change or segment move lines, because the market has no lifecycle type map yet. The halt flag is not set, and the issuer is listed and not halted.\n\n## Orderability\n\nThe orderability outcome is not determinable for this issuer, because the chapter's orderability section carries no client categories. The rule version is acm-68000/hk/suitability-sfc-code-of-conduct-paragraph-5-2/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nNo research houses were found on the issuer's investor-relations pages read.\n\n## Open research\n\nThe record holds 5 openly published research notes. Two are from CMB International Global Markets, dated 2025-08-15 and 2025-03-21. Three are from CMB International Capital Corporation Limited, with dates not on the record.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nNo issuer years are sealed. The market's vintage is not sealed, and the market's earliest sealed date is not on the record. The live record began on 2026-09-12. The years 2021 through 2026 are sealed in the store but not served as of a date, and the as-of door answers not_sealed.\n\n## Sources\n\n11 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx (identity.exchange)\n- https://mcp.hk-cm-kg.ai/events/HKEX/01234 (the disclosure lines)\n- https://www.hkex.com.hk/eng/stat/smstat/dayquot/d261104e.htm (the halt flag)\n- https://www.hkexnews.hk/listedco/listconews/sehk/2026/0323/2026032300702.pdf (the auditor)\n- https://mcp.hk-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.cmbi.com.hk/upload/202508/20250815228381.pdf (open research)\n- https://www.cmbi.com.hk/upload/202503/20250321783745.pdf (open research)\n- https://www.cmbi.com.hk/article/8627.html?lang=en (open research)\n- https://www.cmbi.com.hk/article/5802.html?lang=en (open research)\n- https://www.cmbi.com.hk/article/4599.html?lang=cn (open research)\n- https://mcp.hk-cm-kg.ai/record/HKEX/01234 (the record)\n",
 "market": "HK",
 "node": "hk-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": "2026-09-12",
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "6 years are sealed in the HK store; their Replay split is not built, so the as-of door answers not_sealed and the record is the live record as of 2026-11-04",
   "record_version": 1,
   "sealed": false,
   "store_years_sealed_not_served": [
    "2021",
    "2022",
    "2023",
    "2024",
    "2025",
    "2026"
   ]
  },
  "auditor": {
   "auditor": {
    "read_by": "read by Perplexity (agent · low)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkexnews.hk/listedco/listconews/sehk/2026/0323/2026032300702.pdf",
    "state": "filled",
    "value": "KPMG"
   },
   "auditor_firm_id": {
    "market": "HK",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "HK",
    "state": "not_on_record"
   },
   "changes": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "hk-cm-kg/HKEX/01234",
  "coverage": {
   "count": 0,
   "houses": [],
   "pages_checked": [],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": null,
   "state": "none_found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 2472,
     "median_cadence_gap_days": 9,
     "median_filings": 46,
     "median_latency_days": 2,
     "name": "Main Board"
    },
    "sector": {
     "market": "HK",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "agm_egm": 5,
    "announcement": 4,
    "annual_report": 1,
    "circular": 5,
    "dividend": 4,
    "esg_report": 1,
    "interim_report": 1,
    "monthly_return": 12,
    "results": 3
   },
   "cadence_median_gap_days": 12,
   "filing_days": 22,
   "filings": 36,
   "latency_days": 2,
   "latest": [
    {
     "category": null,
     "date": "2026-11-02",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1102/2026110200975.pdf",
     "title": "Monthly Return of Equity Issuer on Movements in Securities for the month ended 31 October 2026",
     "type": "monthly_return"
    },
    {
     "category": null,
     "date": "2026-10-20",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1020/2026102000287.pdf",
     "title": "OPERATIONAL UPDATE FOR THE THIRD QUARTER OF 2026",
     "type": "announcement"
    },
    {
     "category": null,
     "date": "2026-10-02",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1002/2026100200498.pdf",
     "title": "Monthly Return of Equity Issuer on Movements in Securities for the month ended 30 September 2026",
     "type": "monthly_return"
    },
    {
     "category": null,
     "date": "2026-09-01",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0901/2026090100955.pdf",
     "title": "Monthly Return of Equity Issuer on Movements in Securities for the month ended 31 August 2026",
     "type": "monthly_return"
    },
    {
     "category": null,
     "date": "2026-08-24",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0824/2026082400323.pdf",
     "title": "Notice of availability to Non-registered Shareholders",
     "type": "circular"
    }
   ],
   "latest_filing_date": "2026-11-02",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.hk-cm-kg.ai/events/HKEX/01234",
   "window": {
    "from": "2025-11-04",
    "to": "2026-11-04"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "Main Board"
   },
   "isin": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "KYG211411098"
   },
   "jurisdiction": {
    "market": "HK",
    "reason": "no LEI record",
    "state": "not_on_record"
   },
   "lei": {
    "market": "HK",
    "reason": "ISIN not in the GLEIF mapping file (no name route on this node: no search layer by order)",
    "state": "not_on_record"
   },
   "name": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "CHINA LILANG"
   },
   "sector": {
    "market": "HK",
    "reason": "HKEX publishes the industry classification per issuer on its website pages, not in the List of Securities (no page reads by order)",
    "state": "not_on_record"
   },
   "security_type": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "market": "HK",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "01234"
   },
   "website": {
    "market": "HK",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "HK",
  "node": "hk-cm-kg",
  "numbers_hash": "sha256:70e1d388e65c7a0bb72d278128073f24da8642d67e61c6ba4c240f6e7621c0f7",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [
    {
     "date": "2025-08-15",
     "kind": "independent",
     "publisher": "CMB International Global Markets",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.cmbi.com.hk/upload/202508/20250815228381.pdf",
     "state": "sourced",
     "title": "China Lilang (1234 HK) - A cautious 2H25E outlook but a decent yield"
    },
    {
     "date": "2025-03-21",
     "kind": "independent",
     "publisher": "CMB International Global Markets",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.cmbi.com.hk/upload/202503/20250321783745.pdf",
     "state": "sourced",
     "title": "DTC transformation has started to bear fruit"
    },
    {
     "date": null,
     "kind": "independent",
     "publisher": "CMB International Capital Corporation Limited",
     "read_by": "the note's own page, fetched by this rail",
     "read_date": "2026-11-12",
     "source": "https://www.cmbi.com.hk/article/8627.html?lang=en",
     "state": "sourced",
     "title": "China Lilang (1234 HK) – 1H23 inline and FY23E guidance maintained"
    },
    {
     "date": null,
     "kind": "independent",
     "publisher": "CMB International Capital Corporation Limited",
     "read_by": "the note's own page, fetched by this rail",
     "read_date": "2026-11-12",
     "source": "https://www.cmbi.com.hk/article/5802.html?lang=en",
     "state": "sourced",
     "title": "China Lilang (1234 HK) – A transition year but with attractive yield"
    },
    {
     "date": null,
     "kind": "independent",
     "publisher": "CMB International Capital Corporation Limited",
     "read_by": "the note's own page, fetched by this rail",
     "read_date": "2026-11-12",
     "source": "https://www.cmbi.com.hk/article/4599.html?lang=cn",
     "state": "sourced",
     "title": "China Lilang (1234 HK) – Positive growth resumed and attractive yield"
    }
   ],
   "state": "found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [],
   "determinable": false,
   "read": {
    "chapter": "https://mcp.hk-cm-kg.ai/book/aio.json",
    "door": "https://mcp.hk-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "reason": "the chapter's orderability section carries no client_categories: the outcome cannot name its client category",
   "rule_version": "acm-68000/hk/suitability-sfc-code-of-conduct-paragraph-5-2/r1",
   "section": "hk.aio.v6"
  },
  "record": {
   "as_of": "2026-11-04",
   "url": "https://mcp.hk-cm-kg.ai/record/HKEX/01234",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-04",
   "source": "https://www.hkex.com.hk/eng/stat/smstat/dayquot/d261104e.htm",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:70e1d388e65c7a0bb72d278128073f24da8642d67e61c6ba4c240f6e7621c0f7",
 "path": "/hk/HKEX/01234",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is CHINA LILANG, listed on the Main Board of the Hong Kong market under ticker 01234, with ISIN KYG211411098. The record holds no LEI, segment, sector or jurisdiction for the issuer, and the security type is Corporate. The issuer is listed and not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 36 filings in the twelve months to 2026-11-04, across 22 filing days. The median gap between filing days is 12 days. The latest filing is dated 2026-11-02 and is a monthly return, 2 days before the record date. The Main Board median cadence gap is 9.0 days, the median filings is 46.0, and the median latency is 2.0 days across 2472 issuers. The sector median is not on the record.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is KPMG, with its location not on the record. The auditor changes are not on the record.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "The record holds no listing, delisting, name change, domicile change or segment move lines, because the market has no lifecycle type map yet. The halt flag is not set, and the issuer is listed and not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The orderability outcome is not determinable for this issuer, because the chapter's orderability section carries no client categories. The rule version is acm-68000/hk/suitability-sfc-code-of-conduct-paragraph-5-2/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "No research houses were found on the issuer's investor-relations pages read.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "The record holds 5 openly published research notes. Two are from CMB International Global Markets, dated 2025-08-15 and 2025-03-21. Three are from CMB International Capital Corporation Limited, with dates not on the record.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "No issuer years are sealed. The market's vintage is not sealed, and the market's earliest sealed date is not on the record. The live record began on 2026-09-12. The years 2021 through 2026 are sealed in the store but not served as of a date, and the as-of door answers not_sealed.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "11 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.hk-cm-kg.ai/events/HKEX/01234"
  },
  {
   "for": "the halt flag",
   "source": "https://www.hkex.com.hk/eng/stat/smstat/dayquot/d261104e.htm"
  },
  {
   "for": "the auditor",
   "source": "https://www.hkexnews.hk/listedco/listconews/sehk/2026/0323/2026032300702.pdf"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.hk-cm-kg.ai/book/aio.json"
  },
  {
   "for": "open research",
   "source": "https://www.cmbi.com.hk/upload/202508/20250815228381.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.cmbi.com.hk/upload/202503/20250321783745.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.cmbi.com.hk/article/8627.html?lang=en"
  },
  {
   "for": "open research",
   "source": "https://www.cmbi.com.hk/article/5802.html?lang=en"
  },
  {
   "for": "open research",
   "source": "https://www.cmbi.com.hk/article/4599.html?lang=cn"
  },
  {
   "for": "the record",
   "source": "https://mcp.hk-cm-kg.ai/record/HKEX/01234"
  }
 ],
 "title": "CHINA LILANG (01234) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}