PRE-MARKET CHINESE STOCK NEWS: CITIC posts positive Q1 earnings, Li Auto targets Miidle East, Sinopharm net falls Y/Y

China

CITIC Securities Co. (6030 HK) - Co. Q1 (CNY) net rose to 10.22bln from 6.61bln Y/Y, rev. rose to 23.16bln from 16.43bln Y/Y supported by higher net interest income. (Dow Jones Newsplus)

China Molybdenum Co. (3993 HK) - Co. Q1 (CNY) net rose to 7.76bln from 3.95bln Y/Y, rev. rose to 66.4bln from 46.0bln Y/Y. (Dow Jones Newsplus)

China Shenhua Energy Co. (1088 HK) - Co. Q1 (CNY) net fell 11.1% Y/Y to 11.89bln, rev. rose 1.2% Y/Y to 70.40bln. (Newswires)

Hengli Petrochemical (600346 CH) - US issues general license authorising wind down of transactions involving the Co., amid speculation of dealings with Iran. The Co. has denied the reports. (Reuters)

Li Auto Inc. (2015 HK) - Co. is targeting overseas markets including the Middle East and Asia-Pacific, with exports expected to account for 30% of total deliveries by 2030 as it expands its global sales network. (SCMP)

Maanshan Iron & Steel Co. (323 HK) - Co. Q1 (CNY) net was 42.37mln (prev. loss 144.08mln Y/Y), rev. fell to 17.72bln from 19.42bln Y/Y. (Dow Jones Newsplus)

Pateo Connect Technology (2889 HK) - Co. entered into a strategic cooperation MoU with AUMOVIO (AMV0 GY) on joint development of cross-domain integration and AI technologies and global market expansion. (Market Source)

Pop Mart International Group (9992 HK) - Co. plans to expand its Pop Land theme parks domestically and overseas and is in talks with multiple cities to grow beyond its existing Beijing site. (SCMP)

Shanxi Huayang Group New Energy Co. (600348 CH) - Co. FY (CNY) net fell to 1.70bln from 2.22bln Y/Y, rev. fell to 21.4bln from 25.1bln Y/Y; Q1 net fell to 483.6mln from 596.9mln Y/Y, rev. fell to 4.93bln from 5.82bln Y/Y. (Dow Jones Newsplus)

Shenergy Co. (600642 CH) - Co. FY (CNY) net rose to 4.01bln from 3.94bln Y/Y, EBIT fell to 1.28bln from 1.51bln Y/Y, rev. fell to 28.0bln from 29.6bln Y/Y; Q1 net fell to 787.9mln from 1.01bln Y/Y, rev. fell to 6.82bln from 7.34bln Y/Y. (Dow Jones Newsplus)

Sinopharm (1099 HK) – Co. Q1 (CNY) net fell to 1.41bln from 1.46bln Y/Y, rev. fell to 140.78bln from 141.66bln Y/Y. (Dow Jones Newswires)

Tianqi Lithium Corp. (9696 HK) - Co. will focus on domestic salt lake projects instead of Africa to secure lithium supply, according to its president. (SCMP)

Other News:

• China is reportedly set to restrict US investment in key domestic tech firms, Bloomberg reported. China sent notices to Moonshot, Stepfun among others.
• China has placed seven EU companies to its export control list, according to SCMP. This comes after the EU added Chinese entities to its 20th sanctions package against Russia. China also vowed to take necessary measures.
• Chinese Securities Regulator said that China is to allow qualified foreign investors to trade treasury futures from April 24, 2026, for hedging purposes only.