PRE-MARKET CHINESE STOCKS NEWS: China Communist Party plenum will be held October 26th-29th
The brief combines mixed corporate results with clinical, financing, regulatory, and policy updates; Reuters separately corroborates the reported Fifth Plenum timing.
News detail
China Coal Energy (1898 HK) - Co. Q3 (CNY) net fell 3.8% Y/Y to 4.60bln, rev. rose 17.4% Y/Y to 42.5bln. (Newswires) China National Building Material (3323 HK) - Co. 9M (CNY) net loss 728mln (vs. guided loss 760mln), rev. fell 2.6% Y/Y to 130bln. (Newswires) China National Chemical Engineering (601117 CH) - Co. September YTD (CNY) new contracts rose 19.2% to 285bln. (Newswires) China Oilfield Services (601808 CH) - Co. Q3 (CNY) net fell 2.4% Y/Y to 1.22bln, rev. rose 3.5% Y/Y to 11.9bln. (Newswires) China Resources Building Materials Technology (1313 HK) - Co. Q3 (CNY) net loss 355mln (prev. profit 24.3mln Y/Y), rev. fell 13.8% Y/Y to 4.19bln. (Newswires) China Shenhua Energy (1088 HK) - Co. Q3 (CNY) net rose 3.3% Y/Y to 15.7bln, rev. rose 11.2% Y/Y to 107bln. (Newswires) CMOC Group (3993 HK) - Co. Q3 (CNY) net rose 40.3% Y/Y to 7.87bln, rev. rose 41.9% Y/Y to 72.0bln. (Newswires) EVE Energy (300014 CH) - Co. Q3 (CNY) net 1.94bln (exp. 2.19bln), rev. 27.7bln (exp. 27.8bln). (Newswires) Goertek (002241 CH) - Co. Q3 (CNY) net 1.15bln (exp. 1.38bln), rev. 28.2bln (exp. 32.3bln). (Newswires) Hisense Home Appliances (921 HK) - Co. Q3 (CNY) net 191mln (exp. 764mln), rev. 20.3bln (exp. 22.0bln). (Newswires) Innovent Biologics (1801 HK) - Co.'s Phase 3 G-HOPE-001 trial of arcotatug tavatecan in previously treated CLDN18.2-positive gastric or gastroesophageal junction cancer met its primary OS and PFS endpoints, with median OS of 10.2 months vs. 6.9 months in the control group. (Newswires) Livzon Pharmaceutical (1513 HK) - Co. Q3 (CNY) net fell 24.8% Y/Y to 356mln, rev. 2.32bln (exp. 2.56bln). (Newswires) Meituan (3690 HK) - Co. proposes to offer CNY-denominated senior notes internationally to professional investors only. (Newswires) Ping An Bank (000001 CH) - Co. Q3 (CNY) net 13.5bln (prev. 13.5bln Y/Y), net interest income 22.5bln (prev. 22.1bln Y/Y), NPL ratio 1.05% (prev. 1.05% Y/Y). (Newswires) Shein Global Holdings (625 HK) - Co. reportedly reached an agreement to pay USD 100mln to settle a US FTC investigation, with the Co. stating it had reached a constructive outcome. (Newswires) Sinoma Science & Technology (002080 CH) - Co. Q3 (CNY) net rose 45.9% Y/Y to 702mln, rev. rose 12.4% Y/Y to 9.41bln. (Newswires) Sinopharm Group (1099 HK) - Co. 9M (CNY) net rose 0.2% Y/Y to 5.31bln, operating profit 10.9bln, rev. fell 0.9% Y/Y to 427.6bln. (Newswires) Zijin Mining (2899 HK) - Co. Q3 (CNY) net rose 26.0% Y/Y to 18.4bln, rev. rose 3.2% Y/Y to 89.3bln. (Newswires) Insurers Hong Kong's insurance watchdog is tightening oversight of the premium financing market amid emerging risks and concerns over lending arrangements expanding to lower-tier insurance buyers, while reviewing how insurers assess clients' affordability. (SCMP) Crypto Standard Chartered (2888 HK), through its stablecoin joint venture Anchorpoint, plans to launch a retail product on a public blockchain while maintaining a prudent approach, following the launch of HSBC (5 HK)'s RedCoin on Friday. (SCMP) Other News China's MOFCOM said it firmly opposes the US Treasury's proposed expansion of restrictions on US investment in China, describing the measures as discriminatory and contrary to the consensus reached by the two countries' presidents, warning they would harm bilateral economic cooperation and US companies' interests, while reserving the right to take corresponding measures.
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