PRE-MARKET CHINESE STOCKS NEWS: Earnings from China Mobile, CK Hutchison, JD.com and SMIC
Chinese stocks show divergent earnings results amid new US drone tariffs and accusations of trade circumvention, while tech leaders like SMIC and JD.com beat estimates despite a cautious 2026 outlook.
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Cheung Kong Property Holdings (1113 HK) - Co. H1 (HKD) net 8.68bln (prev. 6.30bln Y/Y), underlying net rose 5% Y/Y to 6.64bln, rev. 54.5bln (prev. 39.1bln Y/Y), interim dividend 0.41 (prev. 0.39). (Newswires) China Aluminum International Engineering (2068 HK) - Co. H1 (CNY) net rose 4.4% Y/Y to 107.1mln, rev. 9.1bln (prev. 9.7bln Y/Y). (Newswires) China Gold International Resources (2099 HK) - Co. H1 (CNY) net 512.1mln (prev. 202.3mln Y/Y), rev. rose 58% Y/Y to 914.2mln. (Newswires) China Mobile (941 HK) - Co. H1 (CNY) net 78.9bln (prev. 84.2bln Y/Y), rev. 538.0bln (prev. 543.8bln Y/Y). (Newswires) China Shenhua Energy (1088 HK) - Co. July coal production 43.4mln tonnes (prev. 44.8mln tonnes Y/Y), sales 53.1mln tonnes (prev. 55.6mln tonnes Y/Y). (Newswires) China Suntien Green Energy (956 HK) - Co. July power generation rose 3.8% Y/Y to 876GWh. (Newswires) CITIC Telecom International Holdings (1883 HK) - Co. H1 (HKD) net 463mln (prev. 461mln Y/Y), rev. 4.75bln (prev. 4.81bln Y/Y). (Newswires) CK Hutchison Holdings (1 HK) - Co. H1 (CNY) net 26.8bln (prev. 852mln Y/Y), underlying net 12.6bln (prev. 11.8bln Y/Y), EBITDA 92.9bln (prev. 57.0bln Y/Y), rev. 255.4bln (prev. 240.7bln Y/Y), interim dividend 0.7455 (prev. 0.7100); Co. expects the operating environment for the rest of 2026 to remain challenging. (Newswires) Hua Hong Semiconductor (1347 HK) - Co. Q2 (USD) net 38.6mln (prev. 39.4mln Y/Y), rev. 717.5mln (prev. 702.7mln Y/Y), guides Q3 rev. USD 770-780mln (exp. 822mln) and gross margin 16-18% (exp. 16.6%). (Newswires) IGG (799 HK) - Co. H1 (HKD) net 308.4mln (prev. 321.5mln Y/Y), rev. 2.88bln (prev. 2.72bln Y/Y). (Newswires) JD.com (9618 HK) - Co. Q2 (CNY) adj. operating income 5.5bln (prev. 0.9bln Y/Y), rev. 346.4bln (exp. 342.1bln, prev. 356.7bln Y/Y); USD EPS 0.93 (exp. 0.86). (Newswires) JD Health International (6618 HK) - Co. H1 (CNY) net 3.87bln (prev. 2.60bln Y/Y), rev. 40.9bln (exp. 41.1bln), gross margin 26.1% (exp. 25.9%). (Newswires) JD Logistics (2618 HK) - Co. H1 (CNY) net rose 10.5% Y/Y to 3.27bln, rev. rose 26.5% Y/Y to 124.7bln. (Newswires) MTR Corporation (66 HK) - Co. H1 (HKD) net 15.9bln (prev. 7.71bln Y/Y), rev. 26.2bln (prev. 27.4bln Y/Y). (Newswires) Pony AI (2026 HK) - Co. will deploy more than 2,000 robotaxis across Europe with Uber (UBER US), with the partnership expanding from Zagreb to four additional European cities and later into the Middle East. Samsonite Group (1910 HK) - Co. H1 (USD) net 90.9mln (prev. 118.2mln Y/Y), rev. 1.68bln (prev. 1.66bln Y/Y); Co. said North America weakened in Q2 as conflict-related inflation followed a year of tariff pressure, weighing on consumer confidence and travel demand, while wholesale customers became more cautious, and expects Q3 2026 constant-currency sales growth to remain stable and in a similar range to Q2. (Newswires) Semiconductor Manufacturing International Corp (981 HK) - Co. Q2 (HKD) net 479.2mln (exp. 256.7mln), rev. 3.01bln (exp. 2.88bln), while maintaining an optimistic outlook on industry trends; CEO said the Co. increased wafer prices for its most sought-after capacity. (Newswires) Sino-Ocean Group (3377 HK) - Co. July (CNY) contracted sales 850mln (prev. 1.37bln Y/Y). (Newswires) Drone Makers - US President Trump signed a proclamation imposing tariffs on drones and components, including a 100% tariff on certain larger drones and a 25% tariff on smaller drones; tariffs on drones take effect 21 days after signing, while tariffs on less-sensitive components take effect after 180 days. (Newswires) Other News US accused 9 Latin American countries of helping China avoid Trump’s tariffs. (SCMP)
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