PRE-MARKET CHINESE STOCKS NEWS: Chinese trade data is scheduled for release
Chinese pre-market news highlights BYD's overseas sales targets, ByteDance's upcoming AI video model, widespread declines in August property and port metrics, and PATEO's discounted share placement.
News detail
BYD (1211 HK) - Co. targets 2mln overseas vehicle sales in 2026 and 2.5mln units in 2027. (Nikkei) Daqin Railway (601006 CN) - Co. reported August Daqin Line cargo transportation fell 4.3% Y/Y to 30.9mln tonnes. Gemdale (600383 CN) - Co. reported August contracted revenue fell 54.1% Y/Y to CNY 1.02bln. Longfor Group (960 HK) - Co. reported August attributable contracted sales of CNY 1.50bln, compared with CNY 3.39bln Y/Y. Muyuan Foods (002714 CN) - Co. reported August commercial pig revenue fell 21.9% Y/Y to CNY 9.25bln. New Hope Liuhe (000876 CN) - Co. reported August pork revenue fell 1.9% Y/Y to CNY 1.51bln, while sales volume rose 26.3% Y/Y to 1.2mln units. Ningbo Zhoushan Port (601018 CN) - Co. reported expected August container throughput fell 10.6% Y/Y to 4.3mln TEUs. PATEO CONNECT Technology (2889 HK) - Co. will place up to 4.9mln H-shares at HKD 120.28/shr for gross proceeds of HKD 588.04mln, representing a 14.39% discount to the last closing price of HKD 140.50/shr. Poly Property Group (119 HK) - Co. reported August contracted sales of CNY 3.1bln, compared with CNY 6.1bln Y/Y. Shanghai International Port Group (600018 CN) - Co. reported August container throughput fell 14.7% Y/Y to 4.3mln TEUs. Tech - ByteDance is reportedly preparing a new AI model for real-world video generation, with plans to launch a Seedance-based model as early as October. (Press) Other News China Premier Li Qiang said China will deepen cooperation with Qatar in energy, investment and AI following a meeting with Qatar's Prime Minister and Foreign Minister in Beijing.
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