Headlines

PRE-MARKET CHINESE STOCK NEWS: WuXi AppTec (603259 CH) H1 (CNY) net 11.08bln (prev. 8.29bln Y/Y), rev. 28.90bln (prev. 19.53bln Y/Y), HSBC earnings are due today

Newsquawk Staff ·

China Cinda Asset Management (1359 HK) - Co. issued a profit warning and expects H1 net profit to fall 20%-25% Y/Y. (Newswires)

CXMT (688825 CN) - Co. is reportedly considering a second memory-chip plant in Beijing. (Newswires)

Seres Group (601127 CH) - Co. July vehicle production fell 40.7% Y/Y to 27,572 units and sales fell 44.4% Y/Y to 26,679 units, while January-July production fell 10.2% Y/Y to 223,642 units and sales fell 9.5% Y/Y to 223,259 units. (Dow Jones Newsplus)

WuXi AppTec (603259 CH) - Co. H1 (CNY) net 11.08bln (prev. 8.29bln Y/Y), rev. 28.90bln (prev. 19.53bln Y/Y). (Newswires)

Property

China’s property market is expected to recover further during H2, with policy support likely to focus less on short-term stimulus and more on urban renewal. (China Securities Times)

Tech

Moonshot AI was reportedly targeting a Hong Kong IPO this month, although the Co. denied the report and said it was not accurate. (The Standard) 

Other News

China released a revised integrated circuit layout protection law. (Newswires)

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