PRE-MARKET CHINESE STOCK NEWS: Banking earnings, China Southern Airlines to buy AIR FP aircrafts
China
Air China (601111 CH) - Co. Q1 (CNY) net to 1.71bln from loss Y/Y, rev. rose to 44.54bln from 40.02bln Y/Y. (Dow Jones Newsplus)
Agricultural Bank of China (1288 HK) - Q1 2026 (CNY): Net Income 75.19bln, +4.5% Y/Y; NII 151.20bln
Bank of China (3988 HK) - Q1 2026 (CNY): Net 56.6bln, +4.2% Y/Y; NII 116.1bln, +7.8bln Y/Y
Baoshan Iron & Steel (600019 CH) - Co. Q1 (CNY) net fell 8.6% Y/Y to 2.23bln, rev. rose 5.7% Y/Y to 77.1bln. (Newswires)
CICC (3908 HK) - Co. Q1 (CNY) net rose to 3.58bln from 2.04bln Y/Y, rev. rose to 8.83bln from 5.72bln Y/Y. (Dow Jones Newsplus)
China Construction Bank (0939 HK) - Q2 2026 (CNY): Net 86.3bln, +3.5% Y/Y; NII 153bln, +8.1% Y/Y
China CSSC Holdings (600150 CH) - Co. FY (CNY) net was 7.9bln (guided 7.00bln-8.40bln), rev. rose to 152bln from 133.4bln Y/Y. (Newswires)
China Longyuan Power (916 HK) - Co. Q1 (CNY) rev. fell 3.6% Y/Y to 7.87bln and said wind power revenue fell while solar power revenue rose. (Dow Jones Newsplus)
China National Nuclear Power (601985 CH) - Co. FY (CNY) net was 9.30bln (exp. 9.46bln), rev. was 82.1bln (exp. 81.4bln). (Newswires)
China Southern Airlines (600029 CH) - Co. Q1 (CNY) net was 1.48bln (exp. 1.96bln), rev. was 47.8bln (exp. 48.0bln). Co. also signed an agreement to buy 137 Airbus (AIR FP) aircrafts. (Newswires)
China Vanke (000002 CH / 2202 HK) - Co. Q1 (CNY) net to loss 5.95bln from loss Y/Y, rev. fell to 28.93bln from 37.99bln Y/Y. (Dow Jones Newsplus)
CSC Financial (6066 HK) - Co. Q1 (CNY) net rose to 3.67bln from 1.84bln Y/Y, rev. rose to 7.70bln from 4.74bln Y/Y. (Dow Jones Newsplus)
Fosun International (0656 HK) - Co. is reportedly seeking USD 600mln-equivalent loan for refinancing. (Bloomberg)
Ganfeng Lithium (1772 HK) - Co. Q1 (CNY) net to 1.84bln from loss Y/Y, rev. rose to 9.2bln from 3.77bln Y/Y. (Dow Jones Newsplus)
Guosen Securities (002736 CH) - Co. Q1 (CNY) net fell to 2.11bln from 2.33bln Y/Y, rev. fell to 4.92bln from 5.16bln Y/Y. (Newswires)
Huaqin Co (603296 CH) - Co. Q1 (CNY) net rose to 1.06bln from 842mln Y/Y, rev. rose to 40.74bln from 34.99bln Y/Y. (Dow Jones Newsplus)
Huaxia Bank (600015 CH) - Co. Q1 (CNY) net fell to 4.99bln from 5.06bln Y/Y, rev. was 24.6bln (exp. 22.5bln). (Newswires)
ICBC (601398 HK) - Q1 (CNY): Net 86.94bln (+3.3% Y/Y), NII 168.53bln
Innovent Biologics (1801 HK) - Co. said Q1 total product revenue exceeded 3.8bln, up over 50% Y/Y and reiterated confidence in sustaining rapid revenue growth. (Dow Jones Newsplus)
Jiangsu Expressway (600377 CH) - Co. Q1 (CNY) net rose to 1.36bln from 1.21bln Y/Y, rev. fell to 4.54bln from 4.78bln Y/Y and plans to contribute 500mln to participate in a capital increase of Zijin Trust. (Dow Jones Newsplus)
Qinghai Salt Lake Industry Co Ltd (000792 CH) - Co. Q1 (CNY) net rose to 3.03bln from 1.19bln Y/Y, rev. rose to 6.43bln from 3.12bln Y/Y. (Newswires)
SDIC Power Holdings (600886 CH) - Co. Q1 (CNY) net rose to 2.12bln from 2.08bln Y/Y, rev. fell to 12.5bln from 13.1bln Y/Y. (Newswires)
Shenwan Hongyuan Group (000166 CH) - Co. Q1 (CNY) net rose to 2.36bln from 1.98bln Y/Y, rev. rose to 5.93bln from 5.48bln Y/Y. (Newswires)
Shenzhen Energy Group (000027 CH) - Co. Q1 (CNY) net fell to 1.25bln from 1.35bln Y/Y, rev. rose to 9.95bln from 9.78bln Y/Y. (Newswires)
TCL Technology Group Corp (000100 CH) - Co. Q1 (CNY) net was 1.56bln (exp. 1.65bln), rev. was 43.5bln (exp. 45bln). (Newswires)
Zhejiang Century Huatong Group (002602 CH) - Co. FY (CNY) net rose to 5.61bln from 1.21bln Y/Y, rev. rose to 37.9bln from 22.6bln Y/Y. (Newswires)
The pre-market earnings from major Chinese firms show mixed results, with some banks like Agricultural Bank of China and Bank of China posting slight gains, while others such as China Southern Airlines missed expectations. The airline’s substantial order for Airbus aircraft indicates a long-term growth strategy despite current quarter losses, suggesting optimism in the sector’s recovery. Investors should focus on these results as they reflect broader trends in China’s economic rebound and market sentiment, particularly in banking and aviation sectors.