PRE-MARKET CHINESE STOCK NEWS: Earnings from BYD, CNOOC, Sinopec

China

Bank of Jiangsu Co Ltd (600919 CH) - Co. Q1 (CNY) net rose 8.2% Y/Y to 10.6bln, rev. rose 8.5% Y/Y to 24.2bln. FY net rose 8.5% Y/Y to 34.5bln, rev. 80.8bln. (Newswires)

Bank of Qingdao Co., Ltd. (3866 HK) - Co. Q1 (CNY) net rose 20.6% Y/Y to 1.52bln, NII rose 13.9% Y/Y to 3.02bln. (Newswires)

BYD (1211 HK) - Q1 2026 (CNY): Revenue 150.23bln (exp. 140.4bln), Net Income 4.08bln, -55% Y/Y, R&D Expenses 11.34bln (exp. 11.93bln). In other news, the Co. is to raise the price of assistant driving system to CNY 12k (prev. CNY 9.9k), effective May 1st.

Chery Automobile Co Ltd (9973 HK) - Co. Q1 (CNY) net fell 10.3% Y/Y to 4.17bln, rev. fell 3.4% Y/Y to 65.9bln. (Newswires)

China Merchants Bank Co., Ltd. (3968 HK) - Co. Q1 (CNY) net rose 1.6% Y/Y to 37.9bln, rev. 86.9bln (exp. 88.4bln). (Newswires)

CNOOC (600938 CH) - Q1 2026 Net Income 39.13bln (prev. 36.6bln Y/Y), Revenue 116.1bln (prev. 106.9bln Y/Y), Net production 205.1MboE, +8.6% Y/Y.

Huaneng Power International, Inc. (902 HK) - Co. Q1 (CNY) net fell 4.4% Y/Y to 4.48bln, rev. fell 5.8% Y/Y to 56.8bln. (Newswires)

Gotion High-tech Co Ltd (002074 CH) - Co. FY (CNY) net 2.38bln, rev. 45.1bln, guides net 2.5bln-3.0bln. (Newswires)

Hua Hong Semiconductor (688347 CH) - The US has reportedly ordered numerous chip equipment companies to halt tool shipments to two facilities of Hua Hong.

Huaqin (603296 CH), Nexchip Semiconductor (688249 CH) – Huaqin is to acquire a 5% stake in Nexchip for CNY 2.65bln. (Dow Jones)

InnoCare Pharma Ltd (9969 HK) - Co. announced the first patient has been dosed in a Phase III trial of orelabrutinib for SLE. (Newswires)

LONGi Green Energy Technology Co., Ltd. (601012 CH) - Co. Q1 (CNY) net was -1.92bln (prev. -1.43bln Y/Y), rev. 11.2bln. (Newswires)

Luzhou Laojiao Co., Ltd. (000568 CH) - Co. Q1 (CNY) net fell 19.2% Y/Y to 3.71bln, rev. rose 1.0% Y/Y to 8.03bln. (Newswires)

Ping An Insurance (2318 HK) - Q1 2026 (CNY): Net income -7.4% Y/Y at 25.02bln.

Sinopec (600028 CH) - Co. Q1 (CNY) net rose 26.4% Y/Y to 17.7bln, rev. fell 3.9% Y/Y to 706.7bln, capex 25.2bln. (Newswires)

Zhongjin Gold Corp Ltd (600489 CH) - Co. Q1 (CNY) net rose 128.8% Y/Y to 2.38bln, rev. rose 51.7% Y/Y to 22.6bln. (Newswires)

Tencent (0700 HK) – The Co.’s new model shows improvement, partly thanks to Anthropic, according to The Information.

Other News:

• PBoC reportedly guided banks to increase lending in April.
• Hong Kong Balance of Trade (Mar) -89.1B (Prev. -64.2B).
• Hong Kong Imports YoY (Mar) Y/Y 41.2% (Prev. 29.9%).
• Hong Kong Exports YoY (Mar) Y/Y 35.8% (Prev. 24.7%).