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PRE-MARKET CHINESE STOCK NEWS: Chinese House Prices, GDP, Industrial Production & Retail Sales Data are Scheduled Today

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Chinese airlines report widened losses due to high fuel costs, while Ganfeng Lithium returns to profit. GDP growth is expected to slow as property and consumption remain weak.

News detail

361 Degrees International (1361 HK) - Co. Q2 core-brand retail sales rose by a mid-to-high single-digit percentage Y/Y. (Newswires)Air China (753 HK) - Co. sees H1 (CNY) loss of 2.1bln-2.6bln (prev. loss 1.81bln Y/Y), as higher jet fuel prices weighed on results; June passenger load factor rose 2.8ppt Y/Y to 83.9% and cargo load factor rose 2.3ppt Y/Y to 48.0%, while H1 passenger load factor rose 4.0ppt Y/Y to 84.7% and cargo load factor rose 1.6ppt Y/Y to 39.1%. (Dow Jones Newsplus)BBMG Corporation (2009 HK) - Co. sees H1 (CNY) loss of 1.95bln-2.35bln (prev. loss 1.50bln Y/Y), citing lower cement sales and selling prices. (Newswires)China Eastern Airlines (670 HK) - Co. sees H1 (CNY) loss of 1.8bln-2.4bln (prev. loss 1.43bln Y/Y), as rising fuel costs linked to the Middle East crisis weighed on results. (Dow Jones Newsplus)China Life Insurance (2628 HK) - Co. prelim. H1 (CNY) net profit rose 215-235% Y/Y to 128.9bln-137.1bln. (Newswires)China National Building Material (3323 HK) - Co. sees H1 (CNY) loss of 890mln, swinging from a net profit of 1.36bln Y/Y. (Newswires)China Shenhua Energy (1088 HK) - Co. prelim. H1 (CNY) net profit rose 8% Y/Y to 26.3bln-29.8bln. (Newswires)China Southern Airlines (1055 HK) - Co. sees H1 (CNY) loss of 3.47bln-3.97bln (prev. loss 1.53bln Y/Y), as higher fuel costs linked to geopolitical tensions weighed on results. (Dow Jones Newsplus)China Tourism Group Duty Free (1880 HK) - Co. H1 (CNY) net 3.10bln (prev. 2.60bln Y/Y), rev. 27.59bln (prev. 28.15bln Y/Y). (Dow Jones Newsplus)Ganfeng Lithium (1772 HK) - Co. sees H1 (CNY) net profit of 3.65bln-4.60bln, swinging from a loss of 531.24mln Y/Y, supported by rising demand for lithium products. (Dow Jones Newsplus)GF Securities (1776 HK) - Co. sees H1 (CNY) net profit of 11.0bln-12.0bln (prev. 6.47bln Y/Y), supported by higher wealth-management and investment-banking revenue. (Dow Jones Newsplus)Great Wall Motor (2333 HK) - Co. prelim. H1 (CNY) net profit fell 59-63% Y/Y to 2.35bln-2.60bln. (Newswires)InSilico Medicine Cayman TopCo (3696 HK) - Co. announced a strategic alliance with Bora Pharmaceuticals with the potential value of the collaboration exceeding USD 2.5bln if fully implemented. (Newswires)Metallurgical Corporation of China (1618 HK) - Co. June YTD (CNY) new contracts fell 25% Y/Y to 413.6bln. (Newswires)Sino-Ocean Group (3377 HK) - Co. June (CNY) contracted sales fell 41% Y/Y to 1.74bln. (Newswires)SINOPEC Shanghai Petrochemical (338 HK) - Co. prelim. H1 (CNY) net profit of 234mln-351mln, swinging from a loss of 462mln Y/Y. (Newswires)Yankuang Energy Group (1171 HK) - Co. prelim. H1 (CNY) net profit rose 53% Y/Y to 7.2bln. (Newswires)Zhipu AI (2513 HK) - Co. will change its English name to Z.AI effective 17 July. (Newswires)

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