PRE-MARKET CHINESE STOCKS NEWS: Earnings from China CITIC Bank, CNOOC, Li Auto and Meitu

Alibaba (9988 HK) - Co. completed a placement of 710mln new shares at HKD 112.70/shr, raising gross proceeds of HKD 80.0bln, with 60% earmarked for global computing infrastructure and the remainder for data-centre buildout and cloud upgrades to support AI capabilities; separately launched its lower-cost Qwen3.8 Flash AI model for global adoption and has committed more than CNY 380bln to AI over three years. (Newswires) Baidu (9888 HK) - Co. will become dual primary-listed on the Hong Kong Stock Exchange and Nasdaq, with its Hong Kong listing to become a primary listing effective September 1st. (Newswires) CGN New Energy (1811 HK) - Co. H1 (USD) net 82.1mln (prev. 164mln Y/Y), rev. 773mln (prev. 857mln Y/Y). (Newswires) China CITIC Bank (998 HK) - Co. H1 (CNY) net 37.6bln (prev. 36.5bln Y/Y), net interest income 73.2bln (prev. 71.2bln Y/Y), net fee and commission income 17.2bln (prev. 16.9bln Y/Y), NIM 1.62% (prev. 1.63% Y/Y), NPL ratio 1.15% (prev. 1.16% Y/Y). (Newswires) China Communications Services (552 HK) - Co. H1 (CNY) net 1.97bln (prev. 2.13bln Y/Y), rev. 74.5bln (prev. 76.9bln Y/Y). (Newswires) China Mengniu Dairy (2319 HK) - Co. H1 (CNY) net 2.37bln (prev. 2.04bln Y/Y), rev. 44.79bln (prev. 41.57bln Y/Y), with product innovation and omni-channel expansion supporting revenue while its fresh milk business outpaced industry growth and gained market share. (Dow Jones Newsplus) CNOOC (883 HK) - Co. H1 (CNY) net fell 23.5% Y/Y to 85.8bln, rev. fell 20.0% Y/Y to 206.1bln. (Newswires) Li Auto (2015 HK) - Co. Q2 (CNY) operating loss 2.3bln (prev. profit 827mln Y/Y), rev. fell 15.0% Y/Y to 25.7bln (exp. 26.64bln), expects Q3 vehicle deliveries of 95k-100k units. (Newswires) Meitu (1357 HK) - Co. H1 (CNY) adjusted net 652mln (prev. 467mln Y/Y), rev. 2.21bln (prev. 1.82bln Y/Y), gross margin 71.5% (prev. 73.6% Y/Y). (Newswires) Prudential (2378 HK) - Co. H1 (USD) adjusted net 1.52bln (prev. 1.37bln Y/Y), operating profit 1.81bln (prev. 1.64bln Y/Y), new business profit 1.38bln (prev. 1.26bln Y/Y), announced USD 1.5bln of share buybacks and raised interim dividend 15% Y/Y to USD 0.0888/shr. (Newswires) Sunny Optical Technology (2382 HK) - Co. H1 (CNY) net 1.81bln (prev. 1.65bln Y/Y), rev. 21.90bln (prev. 19.65bln Y/Y). (Dow Jones Newsplus) Tsingtao Brewery (168 HK) - Co. H1 (CNY) net 3.92bln (prev. 3.90bln Y/Y), rev. 19.65bln (prev. 20.49bln Y/Y), while sales volumes across online, convenience and modern retail channels reached record highs despite weak consumer demand. (Dow Jones Newsplus) Zhongji Innolight (3308 HK) - Co. enters into the Shenzhen-Hong Kong Stock Connect programme. (Newswires) IPO Shein is said to guide its Hong Kong IPO price at HKD 48.56/shr, the middle of its offer range. (Newswires)