PRE-MARKET CHINESE STOCKS NEWS: Earnings from Alibaba, Chian Telecom, CITIC Securities, Li Ning, Ping An Insurance & Pop Mart
Chinese markets show strong financial sector earnings and Alibaba's AI growth, offset by missed EPS and new export restrictions on semiconductor materials targeting Taiwan.
News detail
Alibaba Group (BABA/9988 HK) - Co. Q1 2026 (USD) EPS 1.26 (exp. 1.94), rev. 40.0bln (exp. 38.6bln); CNY rev. rose 8.6% Y/Y to 268.95bln, while AI-related product revenue recorded triple-digit growth for the twelfth consecutive quarter. (Newswires) BOC Aviation (2588 HK) - Co. H1 (USD) net rose 4.4% Y/Y to 357mln, rev. rose 4.8% Y/Y to 1.30bln, interim dividend USD 0.1799/shr (prev. USD 0.1476/shr). (Newswires) China Power International Development (2380 HK) - Co. H1 (CNY) net 1.27bln, rev. fell 5.9% Y/Y to 22.5bln. (Newswires) China Telecom (728 HK) - Co. H1 (CNY) net 19.6bln (exp. 17.1bln), rev. fell 3.7% Y/Y to 259bln, mobile subscribers rose 2.1% Y/Y to 442mln and broadband subscribers rose 1.0% Y/Y to 201mln. (Newswires) ChinaSoft International (354 HK) - Co. H1 (CNY) net rose 10.9% Y/Y to 350.4mln, rev. rose 4.7% Y/Y to 8.9bln. (Newswires) CITIC Securities (6030 HK) - Co. H1 (CNY) adj. net rose 68.8% Y/Y to 23.3bln, rev. rose 50.2% Y/Y to 49.7bln. (Newswires) CK Hutchison Holdings (1 HK) - Panama Canal authorities are to limit capacity and transit slots in September due to El Niño, according to US financial press. (Newswires) Cloud Music (9899 HK) - Co. H1 (CNY) adj. net fell 55.9% Y/Y to 860mln, rev. rose 3.4% Y/Y to 3.96bln. (Newswires) CStone Pharmaceuticals (2616 HK) - Co. received NMPA investigational new drug approval for CS5007 in China. (Newswires) Henderson Land Development (12 HK) - Co. H1 (HKD) underlying net rose 66.2% Y/Y to 5.07bln, rev. rose 80.1% Y/Y to 17.2bln and plans to launch eight Hong Kong development projects for sale in H2. (Newswires) Jiangsu Expressway (177 HK) - Co. approved the acquisition of Suxichang South Expressway for CNY 7.3bln. (Newswires) Li Ning (2331 HK) - Co. H1 (CNY) net rose 4.6% Y/Y to 1.82bln, rev. rose 2.7% Y/Y to 15.2bln. (Newswires) Mongolian Mining Corporation (975 HK) - Co. H1 (USD) net 89.0mln (prev. loss 23.3mln Y/Y), adj. EBITDA rose 79.8% Y/Y to 169.2mln, rev. rose 69.1% Y/Y to 586.2mln. (Newswires) Ping An Insurance (2318 HK) - Co. H1 (CNY) net rose 36% Y/Y to 92.6bln, operating profit attributable to shareholders rose 8.4% Y/Y to 84.2bln and rev. rose 12.6% Y/Y to 615.4bln. (Newswires) Pop Mart International (9992 HK) - Co. H1 (CNY) net 5.04bln (exp. 6.64bln), rev. 17.2bln (exp. 20.0bln), gross margin 69.7% (exp. 70.0%). (Newswires) Other News China’s MOFCOM urged the US to withdraw Section 232-related tariffs. (Newswires) China and Switzerland agreed a free-trade agreement removing tariffs. (Newswires) China is restricting or delaying exports to Taiwan of key materials used in optics and semiconductor manufacturing, with germanium- and quartz-based materials and some magnets affected, according to sources. (Newswires) Shanghai Futures Exchange said it is to expand the range of commodity futures and options available to qualified foreign investors from September 10. (Newswires)**
Related stocks
1 stocksWhat do investors think?
StockNow uses AI to translate and analyze information and does not guarantee its accuracy or completeness.
