PRE-MARKET CHINESE STOCKS NEWS: Deluge of earnings releases including from Xiaomi

China Modern Dairy (1117 HK) - Co. FY (CNY) net loss 1.13bln (prev. loss 1.4bln Y/Y), rev. fell 5% Y/Y to 12.6bln. (Newswires)

China Non-Ferrous Mining (1258 HK) - Co. FY (USD) net fell 28% Y/Y to 404.3mln, rev. fell 10% Y/Y to 3.42bln. (Newswires)

China Oilfield Services (2883 HK) - Co. FY (CNY) net rose 22% Y/Y to 3.84bln, rev. 50.3bln (exp. 51.0bln). (Newswires)

China Railway Signal & Communication (3969 HK) - Co. FY (CNY) net 3.70bln (exp. 3.80bln), rev. 34.6bln (exp. 34.7bln). (Newswires)

China Telecom (728 HK) - Co. FY (CNY) net 33.2bln (exp. 34.8bln), EBITDA rose 2% Y/Y to 143.9bln, rev. 529.6bln (exp. 535.9bln). (Newswires)

CK Hutchison (1 HK) - Co. said Panama Ports has widened its international arbitration claim against Panama, with damages exceeding USD 2.0bln. (Newswires)

Innovent Biologics (1801 HK) - Co. confirmed it has obtained early US FTC clearance for its strategic collaboration agreement with Eli Lilly and clarified the agreement is not an acquisition. (Newswires)

Kaisa Group (1638 HK) - Co. FY (CNY) net rose 75% Y/Y to 50.0bln. (Newswires)

Shanghai Fosun Pharmaceutical (2196 HK) - Co. FY (CNY) net rose 22% Y/Y to 3.37bln, EBITDA rose 15% Y/Y to 10.1bln, rev. rose 1% Y/Y to 41.5bln. (Newswires)

Shenzhen Investment (604 HK) - Co. expects FY25 (HKD) net loss 4.30-4.50bln (prev. loss 1.82bln Y/Y) due to impairment provisions on property projects and fair value changes on investment properties. (Newswires)

WH Group (288 HK) - Co. FY (USD) net rose 8% Y/Y to 1.59bln, EBITDA rose 10% Y/Y to 3.38bln, rev. rose 8% Y/Y to 28.0bln. (Newswires)

WuXi Biologics (2269 HK) - Co. FY (CNY) net 5.6bln (exp. 5.07bln), rev. 21.8bln (exp. 21.7bln). (Newswires)

Xiaomi (1810 HK) - Co. Q4 (CNY) net 6.35bln (exp. 5.78bln), rev. 116.9bln (exp. 116.3bln), announced global smartphone shipments of 165.2mln units for 2025. (Newswires)

Other News

PBoC announced to sell CNY 500bln in 1-year MLF loans for today. (Newswires)

PBoC is seen to keep liquidity ample during times of uncertainty in the short-term, according to Chinese press citing analysts. (Securities Daily)

China's USD 1.57tln sovereign wealth fund is reportedly considering new allocations to US money managers, just months after it reduced exposure to the US. (Newswires)

China’s market regulator held a meeting on price supervision and anti-unfair competition enforcement. (Newswires)