PRE-MARKET CHINESE STOCKS NEWS: Contemporary Amperex Technology (300750 CH) Q1 (CNY) net 20.7bln (exp. 17.9bln), rev. 129.1bln (exp. 116.3bln), to set up unit ensuring supply chain stability, and said to seek relief from Pentagon curbs
Air China (601021 CH) - Co. Mar passenger load factor rose 0.4ppts Y/Y to 86.3%, Mar cargo load factor fell 2.6ppts Y/Y to 35.4%, Q1 passenger load factor rose 4.6ppts Y/Y to 84.8%, Q1 cargo load factor rose 1.0ppts Y/Y to 34.4%. (Newswires)
China Coal Energy (1898 HK) - Co. Mar commercial coal production fell 5.7% Y/Y to 11.0Mt. (Newswires)
China Eastern Airlines (670 HK) - Co. Mar passenger load factor 88.7% (prev. 84.2% Y/Y), traffic rose 16.6% Y/Y. (Newswires)
China International Capital Corporation (3908 HK) - Co. prelim. Q1 (CNY) net 3.37bln-3.88bln (prev. 2.04bln Y/Y). (Newswires)
China Jushi (600176 CH) - Co. prelim. Q1 (CNY) net 1.17bln-1.31bln (prev. 730mln Y/Y). (Newswires)
Contemporary Amperex Technology (300750 CH) - Co. Q1 (CNY) net 20.7bln (exp. 17.9bln), rev. 129.1bln (exp. 116.3bln), to set up unit ensuring supply chain stability, and said to seek relief from Pentagon curbs on firms tied to China military with co-founder set to lead the effort. (Newswires)
Hainan Airlines (600221 CH) - Co. Mar load factor 85.0% rose 2.5ppts Y/Y, passenger traffic rose 9.2% Y/Y, capacity rose 5.9% Y/Y. (Newswires)
Metallurgical Corporation of China (1618 HK) - Co. Mar YTD (CNY) new contracts 206.1bln (prev. 230.7bln Y/Y). (Newswires)
SDIC Power (600886 CH) - Co. Q1 domestic gross electricity generation fell 2.8% Y/Y to 37.9TWh. (Newswires)
Spring Airlines (601111 CH) - Co. Mar load factor 86.3% (prev. 85.9% M/M), passenger traffic rose 19.9% Y/Y. (Newswires)
TBEA Co (600089 CH) - Co. FY (CNY) net 5.95bln (exp. 6.98bln), rev. 97.3bln (exp. 100.2bln). (Newswires)
Other News
China said to call for stronger power technology to stabilise energy supply. (Newswires)
China funds move into Hong Kong ETFs amid growing trading link, while HKEX (388 HK) recently announced two new benchmarks tracking chip and tech stocks in South Korea, Hong Kong and the US. (Newswires)
Contemporary Amperex Technology (CATL) reported a strong Q1 net profit of 20.7 billion CNY, significantly beating expectations, which suggests robust demand amid supply chain concerns. Their efforts to set up a unit to stabilize the supply chain and seek relief from U.S. military ties suggest a proactive approach that could influence investor sentiment positively, especially in the EV and battery sectors.