PRE-MARKET CHINESE STOCKS NEWS: Earnings deluge continues
ORIGINAL · NewsquawkPRE-MARKET CHINESE STOCKS NEWS: Earnings deluge continuesRead originalHide original
AIA Group (1299 HK) - Co. Q3 (USD) VONB fell 5% Y/Y to 1.42bln on a constant exchange rate basis, ANP fell 13% Y/Y to 2.24bln, VONB margin 63.5% (+530bps Y/Y); 9M VONB 4.63bln. (Newswires) Aluminum Corporation of China (2600 HK) - Co. Q3 (CNY) adjusted net 6.04bln (prev. 3.80bln Y/Y), rev. 61.2bln (prev. 60.1bln Y/Y). (Newswires) Angang Steel (347 HK) - Co. Q3 (CNY) net loss 1.99bln (prev. loss 876mln Y/Y), rev. 24.0bln (prev. 24.5bln Y/Y). (Newswires) BYD (1211 HK) - Co. 9M (CNY) net 22.3bln (prev. 23.3bln Y/Y), EBIT fell 2.9% Y/Y to 29.5bln, rev. 566.3bln (prev. 566.3bln Y/Y), gross margin 18.5% (prev. 17.9% Y/Y), operating cash flow rose 33% Y/Y to 54.5bln, FCF loss 33bln (prev. loss 74bln Y/Y). (Newswires) BYD Electronic (285 HK) - Co. 9M (CNY) net 963mln (prev. 3.14bln Y/Y), rev. 127bln (prev. 123bln Y/Y). (Newswires) China CITIC Bank (998 HK) - Co. Q3 (CNY) net rose 4.6% Y/Y to 17.7bln, NII 36.3bln (exp. 37.6bln). (Newswires) China Communications Construction (1800 HK) - Co. Q3 (CNY) net 2.3bln (prev. 4.1bln Y/Y), rev. 169.65bln (prev. 177bln Y/Y). (Newswires) China Datang Corporation Renewable Power (1798 HK) - Co. 9M (CNY) adjusted net 414mln (prev. 1.65bln Y/Y), rev. 8.21bln (prev. 9.41bln Y/Y). (Newswires) China International Marine Containers (2039 HK) - Co. Q3 (CNY) adjusted net 708mln (exp. 740mln), rev. 47.9bln (exp. 40.6bln). (Newswires) China Longyuan Power (916 HK) - Co. Q3 (CNY) net 442mln (prev. 1.05bln Y/Y), rev. fell 5% Y/Y to 6.44bln. (Newswires) China Petroleum & Chemical Corporation (386 HK) - Co. Q3 (CNY) net 13.4bln (prev. 8.50bln Y/Y), rev. 770bln (prev. 704bln Y/Y). (Newswires) China Railway Group (390 HK) - Co. Q3 (CNY) net fell 33.5% Y/Y to 3.77bln, rev. fell 7.4% Y/Y to 243bln. (Newswires) China Unicom (762 HK) - Co. 9M (CNY) net 13.3bln (prev. 20.0bln Y/Y), rev. 295bln (prev. 293bln Y/Y). (Newswires) COSCO Shipping Holdings (1919 HK) - Co. Q3 (CNY) net rose 80.7% Y/Y to 17.2bln, rev. rose 29.4% Y/Y to 75.7bln. (Newswires) COSCO Shipping Ports (1199 HK) - Co. Q3 (USD) net 82.6mln (prev. 82.5mln Y/Y), rev. 484mln (prev. 429mln Y/Y). (Newswires) Datang International Power Generation (991 HK) - Co. Q3 (CNY) adjusted net fell 58.8% Y/Y to 879mln, rev. fell 2.0% Y/Y to 31.5bln. (Newswires) Evergrande Property Services (6666 HK) - Co. confirmed a takeover bid from PAG, with Everest Holdings I agreeing to acquire 5.52bln shares for HKD 4.03bln. (Newswires) Foxconn Industrial Internet (601138 CH) - Co. Q3 (CNY) net rose 60.4% Y/Y to 16.6bln, rev. 384bln (exp. 363bln). (Newswires) GF Securities (1776 HK) - Co. Q3 (CNY) net fell 2% Y/Y to 4.4bln, rev. 10.2bln. (Newswires) HSBC Holdings (5 HK) - Co. is reportedly in preliminary discussions with insurers to transfer credit risk on a series of data centre project finance loans. (Newswires) Huadian Power International (1071 HK) - Co. Q3 (CNY) net fell 68.3% Y/Y to 803mln, rev. fell 12.5% Y/Y to 31.4bln. (Newswires) Industrial Bank (601166 CH) - Co. Q3 (CNY) net 19.6bln (exp. 16.3bln), rev. 51.4bln (exp. 50.9bln). (Newswires) Maanshan Iron & Steel (323 HK) - Co. Q3 (CNY) net loss 108mln, rev. fell 11.4% Y/Y to 17.3bln. (Newswires) Qingdao Port International (6198 HK) - Co. Q3 (CNY) net rose 3.58% Y/Y to 1.39bln, rev. rose 4.44% Y/Y to 5.02bln. (Newswires) SAIC Motor (600104 CH) - Co. Q3 (CNY) net 486mln (prev. 2.08bln Y/Y), rev. 154.6bln (prev. 169bln Y/Y). (Newswires) Sany Heavy Equipment International (631 HK) - Co. Q3 (CNY) net 446mln (prev. 414mln Y/Y), rev. 7.42bln (prev. 5.91bln Y/Y). (Newswires) SF Holding (6936 HK) - Co. Q3 (CNY) net 2.71bln (exp. 2.72bln), rev. 82.2bln (exp. 83.6bln). (Newswires) Shanghai Pharmaceuticals (2607 HK) - Co. Q3 (CNY) net rose 57.2% Y/Y to 1.08bln, rev. rose 2.7% Y/Y to 75.5bln. (Newswires) Sinopec Shanghai Petrochemical (338 HK) - Co. Q3 (CNY) net 784mln (prev. 30.6mln Y/Y), rev. 20.9bln (prev. 19.3bln Y/Y). (Newswires) Weichai Power (2338 HK) - Co. Q3 (CNY) net fell 8.6% Y/Y to 2.96bln, rev. rose 1.0% Y/Y to 58.0bln. (Newswires) Zhejiang Expressway (576 HK) - Co. 9M (CNY) net 4.15bln (prev. 4.19bln Y/Y), rev. 16.0bln (prev. 14.1bln Y/Y). (Newswires) Other News Chinese Communist Party (CCP) confirmed the expulsion of 33 senior officials, including former Central Military Commission Vice Chairman Zhang Youxia, during the Fifth Plenum of the 20th Central Committee, citing severe violations of discipline and law. (SBS News)
The roundup reports varied company earnings, a confirmed Evergrande Property Services takeover bid, preliminary HSBC discussions, and CCP expulsions.
News detail
AIA Group (1299 HK) - Co. Q3 (USD) VONB fell 5% Y/Y to 1.42bln on a constant exchange rate basis, ANP fell 13% Y/Y to 2.24bln, VONB margin 63.5% (+530bps Y/Y); 9M VONB 4.63bln. (Newswires) Aluminum Corporation of China (2600 HK) - Co. Q3 (CNY) adjusted net 6.04bln (prev. 3.80bln Y/Y), rev. 61.2bln (prev. 60.1bln Y/Y). (Newswires) Angang Steel (347 HK) - Co. Q3 (CNY) net loss 1.99bln (prev. loss 876mln Y/Y), rev. 24.0bln (prev. 24.5bln Y/Y). (Newswires) BYD (1211 HK) - Co. 9M (CNY) net 22.3bln (prev. 23.3bln Y/Y), EBIT fell 2.9% Y/Y to 29.5bln, rev. 566.3bln (prev. 566.3bln Y/Y), gross margin 18.5% (prev. 17.9% Y/Y), operating cash flow rose 33% Y/Y to 54.5bln, FCF loss 33bln (prev. loss 74bln Y/Y). (Newswires) BYD Electronic (285 HK) - Co. 9M (CNY) net 963mln (prev. 3.14bln Y/Y), rev. 127bln (prev. 123bln Y/Y). (Newswires) China CITIC Bank (998 HK) - Co. Q3 (CNY) net rose 4.6% Y/Y to 17.7bln, NII 36.3bln (exp. 37.6bln). (Newswires) China Communications Construction (1800 HK) - Co. Q3 (CNY) net 2.3bln (prev. 4.1bln Y/Y), rev. 169.65bln (prev. 177bln Y/Y). (Newswires) China Datang Corporation Renewable Power (1798 HK) - Co. 9M (CNY) adjusted net 414mln (prev. 1.65bln Y/Y), rev. 8.21bln (prev. 9.41bln Y/Y). (Newswires) China International Marine Containers (2039 HK) - Co. Q3 (CNY) adjusted net 708mln (exp. 740mln), rev. 47.9bln (exp. 40.6bln). (Newswires) China Longyuan Power (916 HK) - Co. Q3 (CNY) net 442mln (prev. 1.05bln Y/Y), rev. fell 5% Y/Y to 6.44bln. (Newswires) China Petroleum & Chemical Corporation (386 HK) - Co. Q3 (CNY) net 13.4bln (prev. 8.50bln Y/Y), rev. 770bln (prev. 704bln Y/Y). (Newswires) China Railway Group (390 HK) - Co. Q3 (CNY) net fell 33.5% Y/Y to 3.77bln, rev. fell 7.4% Y/Y to 243bln. (Newswires) China Unicom (762 HK) - Co. 9M (CNY) net 13.3bln (prev. 20.0bln Y/Y), rev. 295bln (prev. 293bln Y/Y). (Newswires) COSCO Shipping Holdings (1919 HK) - Co. Q3 (CNY) net rose 80.7% Y/Y to 17.2bln, rev. rose 29.4% Y/Y to 75.7bln. (Newswires) COSCO Shipping Ports (1199 HK) - Co. Q3 (USD) net 82.6mln (prev. 82.5mln Y/Y), rev. 484mln (prev. 429mln Y/Y). (Newswires) Datang International Power Generation (991 HK) - Co. Q3 (CNY) adjusted net fell 58.8% Y/Y to 879mln, rev. fell 2.0% Y/Y to 31.5bln. (Newswires) Evergrande Property Services (6666 HK) - Co. confirmed a takeover bid from PAG, with Everest Holdings I agreeing to acquire 5.52bln shares for HKD 4.03bln. (Newswires) Foxconn Industrial Internet (601138 CH) - Co. Q3 (CNY) net rose 60.4% Y/Y to 16.6bln, rev. 384bln (exp. 363bln). (Newswires) GF Securities (1776 HK) - Co. Q3 (CNY) net fell 2% Y/Y to 4.4bln, rev. 10.2bln. (Newswires) HSBC Holdings (5 HK) - Co. is reportedly in preliminary discussions with insurers to transfer credit risk on a series of data centre project finance loans. (Newswires) Huadian Power International (1071 HK) - Co. Q3 (CNY) net fell 68.3% Y/Y to 803mln, rev. fell 12.5% Y/Y to 31.4bln. (Newswires) Industrial Bank (601166 CH) - Co. Q3 (CNY) net 19.6bln (exp. 16.3bln), rev. 51.4bln (exp. 50.9bln). (Newswires) Maanshan Iron & Steel (323 HK) - Co. Q3 (CNY) net loss 108mln, rev. fell 11.4% Y/Y to 17.3bln. (Newswires) Qingdao Port International (6198 HK) - Co. Q3 (CNY) net rose 3.58% Y/Y to 1.39bln, rev. rose 4.44% Y/Y to 5.02bln. (Newswires) SAIC Motor (600104 CH) - Co. Q3 (CNY) net 486mln (prev. 2.08bln Y/Y), rev. 154.6bln (prev. 169bln Y/Y). (Newswires) Sany Heavy Equipment International (631 HK) - Co. Q3 (CNY) net 446mln (prev. 414mln Y/Y), rev. 7.42bln (prev. 5.91bln Y/Y). (Newswires) SF Holding (6936 HK) - Co. Q3 (CNY) net 2.71bln (exp. 2.72bln), rev. 82.2bln (exp. 83.6bln). (Newswires) Shanghai Pharmaceuticals (2607 HK) - Co. Q3 (CNY) net rose 57.2% Y/Y to 1.08bln, rev. rose 2.7% Y/Y to 75.5bln. (Newswires) Sinopec Shanghai Petrochemical (338 HK) - Co. Q3 (CNY) net 784mln (prev. 30.6mln Y/Y), rev. 20.9bln (prev. 19.3bln Y/Y). (Newswires) Weichai Power (2338 HK) - Co. Q3 (CNY) net fell 8.6% Y/Y to 2.96bln, rev. rose 1.0% Y/Y to 58.0bln. (Newswires) Zhejiang Expressway (576 HK) - Co. 9M (CNY) net 4.15bln (prev. 4.19bln Y/Y), rev. 16.0bln (prev. 14.1bln Y/Y). (Newswires) Other News Chinese Communist Party (CCP) confirmed the expulsion of 33 senior officials, including former Central Military Commission Vice Chairman Zhang Youxia, during the Fifth Plenum of the 20th Central Committee, citing severe violations of discipline and law. (SBS News)
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