PRE-MARKET CHINESE STOCKS NEWS: Earnings deluge

Ascletis Pharma (1672 HK) - Co. Phase 2 trial of ASC30 in type 2 diabetes achieved a placebo-adjusted HbA1c reduction of 1.7% at 12 weeks, with 100 participants enrolled in the study. (Newswires) Bank of Chongqing (1963 HK) - Co. Q3 (CNY) net rose 12.5% Y/Y to 1.90bln, net interest income rose 25% Y/Y to 11.4bln. (Newswires) Bank of Qingdao (3866 HK) - Co. Q3 (CNY) net rose 7.7% Y/Y to 999mln, rev. rose 28.4% Y/Y to 4.30bln. (Newswires) Budweiser Brewing Company APAC (1876 HK) - Co. Q3 (USD) net 92mln (exp. 100.8mln), underlying net fell 27.9% Y/Y to 147mln, normalised EBITDA fell 22.9% Y/Y to 323mln, rev. fell 7.1% Y/Y to 1.45bln (exp. 1.56bln), organic rev. fell 8.4% Y/Y and organic volumes fell 10.1% Y/Y. (Newswires) CGN Power (1816 HK) - Co. Q3 (CNY) net rose 36% Y/Y to 3.50bln, rev. rose 17% Y/Y to 19.6bln. (Newswires) China Longyuan Power (916 HK) - Co. Q3 (CNY) net 1.14bln (exp. 1.39bln), rev. 8.38bln (exp. 8.44bln). (Newswires) China Railway Group (390 HK) - Co. Q3 (CNY) total value of new contracts fell 21.6% Y/Y to 373bln. (Newswires) China Taiping Insurance (966 HK) - Co. 9M (CNY) net rose 8.6% Y/Y to 126bln, rev. fell 12.6% Y/Y to 788bln. (Newswires) Dongfang Electric (1072 HK) - Co. Q3 (CNY) net fell 88.9% Y/Y to 216mln, rev. fell 4% Y/Y to 19.3bln. (Newswires) Evergrande Property Services (6666 HK) - Co. trading halted pending an announcement under the takeover code. (Newswires) Guangzhou Automobile Group (2238 HK) - Co. Q3 (CNY) net fell 50.2% Y/Y to 396mln, rev. rose 11% Y/Y to 20.0bln. (Newswires) Hong Kong Exchanges and Clearing (388 HK) - London Metal Exchange is reportedly considering tokenising metals stored in its Hong Kong warehouses. (Newswires) Hopson Development (754 HK) - Co. FY26 (HKD) net loss 11.7bln (prev. profit 120mln Y/Y), rev. fell 52.6% Y/Y to 17.9bln. (Newswires) Innovent Biologics (1801 HK) - Co. Q3 (CNY) product rev. rose 40% Y/Y to over 4.7bln, guides FY30 product rev. of 35-40bln. (Newswires) Jiangxi Copper (358 HK) - Co. Q3 (CNY) net rose 65.2% Y/Y to 3.05bln, rev. fell 2.8% Y/Y to 135bln. (Newswires) MGM China (2282 HK) - Co. Q3 (HKD) adjusted EBITDA rose 0.8% Y/Y to 2.39bln, rev. rose 4.9% Y/Y to 8.93bln. (Newswires) Postal Savings Bank of China (1658 HK) - Co. Q3 (CNY) net fell 68.4% Y/Y to 5.63bln, operating rev. fell 45% Y/Y to 79.4bln. (Newswires) Shanghai Junshi Biosciences (1877 HK) - Co. announced acceptance of a supplemental new drug application for subcutaneous toripalimab as a first-line treatment for HER2-expressing urothelial carcinoma. (Newswires) Shenzhen Expressway (548 HK) - Co. Q3 (CNY) net rose 24% Y/Y to 633mln, rev. fell 0.4% Y/Y to 2.12bln. (Newswires) Xinhua Winshare (811 HK) - Co. Q3 (CNY) net rose 82.1% Y/Y to 219mln, rev. rose 5.1% Y/Y to 2.49bln. (Newswires) Other News Hong Kong Monetary Authority kept its base rate unchanged at 4.25%, as expected, tracking the US Federal Reserve due to the Hong Kong dollar's peg to the US dollar. (Newswires) Data Recap Hong Kong Trade Balance (HKD)(Sep) -46.3B vs. Exp. -69.0B (Prev. -71.2B) Hong Kong Exports YY (Sep) 64.9% vs. Exp. 51.6% (Prev. 53.0%) Hong Kong Imports YY (Sep) 57.8% vs. Exp. 52.0% (Prev. 60.0%)