PRE-MARKET CHINESE STOCKS NEWS: SHEIN (625 HK) H1 (USD) net rose 247% Y/Y to USD 2.40bln, rev. rose 0.9% Y/Y to USD 11.1bln; Co. expects external uncertainty to remain in H2 2026
Chinese market developments show SHEIN's H1 net profit surged to USD 2.40 billion, corporate deals progressed, and Premier Li pledged countercyclical measures to meet economic targets.
News detail
CITIC Securities (6030 HK) - Chairman Zhang Youjun confirmed he will step down. (Newswires) China National Chemical Engineering (601117 CH) - Co. reported August YTD new contracts of CNY 239bln vs CNY 225bln M/M. (Newswires) Gotion High-Tech (002074 CH) - Co. signed CNY 8.33bln of EPC contracts for a Volkswagen-backed battery project in Spain, with its wholly owned Spanish unit to sign two engineering contracts with PowerCo Spain. (Newswires) NetDragon Websoft Holdings (777 HK) - Co. entered an MOU with Jiuzhou to establish a JV, in which the Co. will hold a 51% stake. (Newswires) SHEIN Global Holdings (625 HK) - Co. H1 (USD) net rose 247% Y/Y to USD 2.40bln, rev. rose 0.9% Y/Y to USD 11.1bln; Co. expects external uncertainty to remain in H2 2026. (Newswires) Other News China Premier Li said China should step up efforts to meet annual economic targets, accelerate the issuance and use of various types of bonds, adjust monetary policy tools at suitable times and study differentiated measures to stabilise the property market. Li also stated China will communicate to study distinctions to boost domestic demand and will step up countercyclical policy adjustments. (China State Radio) PBoC and seven other government bodies issued guidance to expand capacity and improve the quality of China’s service sector through financial support. (Newswires)
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