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

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)

• 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)

Pre-market Chinese earnings roundups of this kind rarely trade as one tape; the established pattern is a split between the AI-linked hardware complex and the old economy names. Montage's profit alert, explicitly attributed to server CPU demand from AI inference, fits the recurring pattern of domestic semiconductor names re-rating on the AI buildout regardless of broader macro softness, and reported GPU orders by the major platforms point the same direction, though headline order values from local press have historically been subject to revision and confirmation risk. CATL missing on both income and revenue tends to weigh on the battery and EV supply chain peer set rather than the index as a whole, with margin trajectory the tell to follow. The lithium and coal profit alerts read as base effects and cost discipline more than demand recovery; in past episodes, such alerts off a depressed base have faded unless accompanied by a turn in commodity pricing, and Yankuang's profit gain alongside falling output and sales is the classic cost-led print. The MoFCOM pushback on US measures is routine bilateral friction and has historically moved sentiment only when followed by concrete retaliation. The next watchpoints are margin detail in the full filings, peer confirmation of the AI server demand read, and whether the shortfall in the Dongshan Precision raise signals thinning appetite for Hong Kong listings of that size.