PRE-MARKET CHINESE STOCK NEWS: CATL Q3 profit misses; Tianqi Lithium and Yankuang flag sharp 9M profit gains; Montage Tech sees Q3 profit more than double
The pre-market report juxtaposed CATL’s Q3 results below expectations with profit-growth alerts from Tianqi Lithium and Yankuang, Montage’s strong Q3 forecast, and other company and policy updates.
News detail
HONG KONG/CHINA Alibaba (9988 HK) / Tencent (700 HK) - ByteDance, Alibaba and Tencent have reportedly ordered over 3mln NVIDIA (NVDA) RTX Pro 5500 workstation GPUs, with a combined value of more than USD 35bln. (AASTOCKS/Business Times) CATL (3750 HK / 300750 CH) - Q3 net income CNY 21.25bln (exp. 26.03bln), revenue CNY 165.2bln (exp. 175.1bln). (HKEX filing) China Mobile (941 HK) - 9M operating revenue CNY 780.3bln (-1.8% Y/Y); profit attributable to shareholders CNY 106.2bln (-7.9% Y/Y); mobile customers totalled 1,014mln, with net additions of 8.89mln. (HKEX filing) China Tower (788 HK) - 9M operating revenue CNY 72.0bln (-3.1% Y/Y); profit attributable to owners CNY 10.82bln (+24.2% Y/Y); EBITDA CNY 44.83bln (-12.0% Y/Y). (HKEX filing) Fuyao Glass (3606 HK) - Q3 revenue CNY 12.15bln (+2.5% Y/Y); net profit attributable to shareholders CNY 2.04bln (-9.9% Y/Y). (HKEX filing) Montage Technology (6809 HK) - Expects Q3 revenue of c. CNY 2.08bln (+46% Y/Y) and net profit attributable to shareholders of CNY 1.2-1.3bln (+153.6-174.7% Y/Y), citing server CPU demand driven by AI inference and AI agent applications. (HKEX filing) Qinhuangdao Port (3369 HK) - Entered an equity acquisition intent agreement; A shares suspended from 21st October for no more than 10 SSE trading days, while H shares continue to trade. (HKEX filing) Suzhou Dongshan Precision (002384 CH) - Raised less than expected in its USD 1.8bln Hong Kong IPO. (SCMP) Tianqi Lithium (9696 HK) - Positive profit alert; expects 9M net profit attributable to shareholders of CNY 5.1-6.0bln vs. CNY 179.9mln a year earlier. (HKEX filing) Yankuang Energy (1171 HK) - Positive profit alert; expects 9M net profit attributable to shareholders of c. CNY 11.1bln (c. +56% Y/Y). Q3 commercial coal output -4.9% Y/Y and sales -3.5% Y/Y. (HKEX filing/AASTOCKS) Other News DeepSeek - China's Commerce Ministry said it firmly opposes the US order on DeepSeek, calling it discriminatory, and opposed US sanctions on five Chinese enterprises over alleged trade secret theft. (MOFCOM)
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