PRE-MARKET CHINESE STOCKS NEWS: China reportedly fines 7 e-commerce platforms for CNY 3.6bln over food delivery scandal

Asia Cement (743 HK) - Co. prelim. Q1 (CNY) net loss 81.3mln (prev. net 3.1mln Y/Y). (Newswires)Beijing Shougang (000959 CH) - Co. FY (CNY) net 996mln (prev. 479mln Y/Y), rev. 102.9bln (prev. 108.5bln Y/Y). (Newswires)Cathay Pacific (293 HK) - Co. reported Mar passenger load factor 92.2% (prev. 84.7% Y/Y), passengers 2.81mln (prev. 2.28mln Y/Y) and cargo load factor 62.9% (prev. 59.4% Y/Y). (Newswires)China Nuclear Engineering Corporation (601611 CH) - Co. reported Mar YTD contracts signed CNY 19.2bln (prev. 9.11bln M/M). (Newswires)China Tower (788 HK) - Co. Q1 (CNY) net 3.99bln (prev. 3.02bln Y/Y), EBITDA 15.4bln (exp. 15.5bln), rev. 25.2bln (prev. 24.8bln Y/Y). (Newswires)Guangzhou R&F Properties (2777 HK) - Co. reported Mar contracted sales CNY 1.44bln (prev. 1.19bln Y/Y). (Newswires)Guosen Securities (600588 CH) - Co. FY (CNY) net loss 1.39bln (exp. -911mln), rev. 9.18bln (exp. 9.33bln). (Newswires)Hainan Airlines (600221 CH) - Co. FY (CNY) net 1.98bln (prev. -921mln Y/Y), rev. 68.5bln (prev. 65.2bln Y/Y). (Newswires)Hangzhou Hikvision Digital Technology (002415 CH) - Co. FY (CNY) net 14.2bln (exp. 14.2bln), rev. 92.5bln (exp. 92.5bln). (Newswires)TCL Electronics (1070 HK) - Co. Q1 (HKD) net 360mln-400mln, rev. 27.8bln-30.4bln. (Newswires)Other NewsChina reportedly fines 7 e-commerce platforms for CNY 3.6bln over food delivery scandal. (SCMP)China’s MIIT held a meeting on the PV sector on April 17th, while it called to regulate competition and and advance efforts to curb ‘involution style’ practices.