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PRE-MARKET CHINESE STOCK NEWS: CXMT will debut on the STAR Market in Shanghai today

StockNow breaking-news AI analysis

CXMT's major market debut and CATL's strong earnings provide technology sector momentum, while regulatory fines for Trip.com and weak profit guidance across several industrial sectors highlight ongoing economic challenges.

News detail

CATL (300750 CH) - Co. H1 (CNY) net profit 43.3bln (prev. 30.5bln Y/Y), revenue 276.9bln (prev. 178.9bln Y/Y), announced a CNY 20-40bln share buyback programme and plans to issue up to CNY 5.0bln of bonds. (Newswires)China Power International Development (2380 HK) - Co. guided H1 (CNY) net profit to fall 45%-57% Y/Y to 1.1bln-1.4bln. (Newswires)CXMT (688825 CH) - Co. will debut on the STAR Market in Shanghai today. (Newswires)HSBC Holdings (5 HK) - Co. is expected to sell its Australia loan book to a Blackstone unit, according to the Australian press. (Newswires)Huadian Power International (1071 HK) - Co. reported H1 power generation fell 10.7% Y/Y to 108bln KWh. (Newswires)Lens Technology (300433 CH) - Co. signed an MoU with Intel (INTC), with TGV advanced packaging a key area of discussion under the memorandum, according to the press. (Newswires)Shanghai Electric Power (600021 CH) - Co. reported H1 electricity generation fell 7.6% Y/Y to 35.0GWh. (Newswires)Shenergy (600642 CH) - Co. reported H1 electricity generation of 25.9GWh, falling 0.4% Y/Y. (Newswires)Trip.com Group (9961 HK) - China fined the Co. USD 765mln for alleged abuse of market dominance. (Newswires)Want Want China Holdings (151 HK) - Co. guided Q1 net profit to fall 38% Y/Y and revenue to fall 6% Y/Y, while noting a double-digit decline in traditional wholesale channels. (Newswires)Yue Yuen Industrial (551 HK) - Co. guided H1 net profit to fall 55%-60% Y/Y. (Newswires)

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