PRE-MARKET CHINESE STOCKS NEWS: Earnings deluge including China Mobile, CITIC Securities, CNOOC, Meituan, PICC & Ping An Insurance
Beijing Enterprises (0392 HK) - Co. FY (CNY) net 5.06bln (exp. 5.30bln), rev. 87.2bln (exp. 84.8bln). (Newswires)
Cathay Pacific (0293 HK) - Co. raised its fuel surcharge for flights effective from April 1st 2026 and will review the surcharge every two weeks. (Newswires)
China Mobile (0941 HK) - Co. FY (CNY) net 137.1bln (exp. 143.6bln), rev. 1.05tln (exp. 1.06tln). (Newswires)
China State Construction International (3311 HK) - Co. FY (CNY) net 8.59bln (prev. 8.57bln Y/Y), rev. 100.5bln (prev. 105.3bln Y/Y). (Newswires)
CITIC Securities (6030 HK) - Co. FY (CNY) net 30.1bln (exp. 29.6bln), fee & commission income 34.8bln (exp. 34.8bln). (Newswires)
CNOOC (0883 HK) - Co. FY (CNY) net 122.1bln (exp. 130.7bln), rev. 398.2bln (exp. 408.6bln). (Newswires)
COSCO Shipping Energy Transportation (1138 HK) - Co. FY (CNY) net 4.04bln (prev. 4.04bln Y/Y), rev. 23.9bln (prev. 24.9bln Y/Y). (Newswires)
Haier Smart Home (6690 HK) - Co. FY (CNY) net 19.6bln (prev. 18.7bln Y/Y), rev. 302.3bln (prev. 286.0bln Y/Y). (Newswires)
Innovent Biologics (1801 HK) - Co. FY (CNY) adj. net loss 15.1bln (exp. loss 13.0bln), rev. 92.1bln (exp. 92.1bln); commission rev. 25.7bln (exp. 26.1bln). (Newswires)
Jiangxi Copper (0358 HK) - Co. FY (CNY) net 7.13bln (prev. 6.96bln Y/Y), rev. 544.62bln (prev. 516.61bln Y/Y); higher demand for products supported results, while its controlling shareholder placed 169.0mln A-shares for up to CNY 5.0bln exchangeable bond issuance. (Newswires)
Longking Holdings (3339 HK) - Co. FY (CNY) net 1.30bln (exp. 1.17bln), rev. 11.2bln (exp. 11.1bln). (Newswires)
Meituan (3690 HK) - Co. Q4 (CNY) adj. net loss 15.1bln (exp. loss 13.0bln), rev. 92.1bln (exp. 92.1bln); commission rev. 25.7bln (exp. 26.1bln). (Newswires)
PICC Group (1339 HK) - Co. FY (CNY) net 46.7bln (prev. 42.2bln Y/Y), insurance rev. 570.7bln (prev. 537.7bln Y/Y). (Newswires)
PICC Property & Casualty (2328 HK) - Co. FY (CNY) net 40.4bln (exp. 44.9bln). (Newswires)
Ping An Insurance (2318 HK) - Co. FY (CNY) net 134.4bln (exp. 135.8bln), rev. 1.14tln (prev. 1.14tln Y/Y). (Newswires)
Pony AI (2026 HK) - Co. Q4 (USD) adj. loss/shr 0.12 (prev. loss/shr 0.31 Y/Y), rev. 29.1mln (prev. 35.5mln Y/Y). (Newswires)
SMIC (0981 HK) - Co. is reportedly said to have supplied chipmaking technology to Iran’s military, according to US officials. (Newswires)
Sino Biopharmaceutical (1177 HK) - Co. FY (CNY) underlying net 4.54bln (exp. 4.89bln), rev. 31.8bln (exp. 33.2bln). (Newswires)
Tsingtao Brewery (0168 HK) - Co. FY (CNY) net 4.59bln (exp. 4.67bln), rev. 32.5bln (exp. 32.7bln). (Newswires)
Wai Kee Holdings (0610 HK) - Co. FY (HKD) net loss 2.43bln (prev. loss 3.09bln Y/Y), rev. 13.9bln (prev. 14.5bln Y/Y). (Newswires)
Zai Lab (9688 HK) - Co. FY (USD) net loss 175.5mln (prev. loss 257.1mln Y/Y), rev. rose 15% Y/Y to 457.2mln. (Newswires)
Other News
China’s Foreign Ministry said the US and China have maintained communication on Trump’s visit, but with no confirmation on a date. (Newswires)
China’s Commerce Minister Wang Wentao reportedly met with US Trade Representative Greer to discuss China-US trade relations. (Newswires)
China’s Ministry of Commerce said China and the US should properly handle the relationship between competition and cooperation, maintain close communication, promote healthy, stable and sustainable development of bilateral economic and trade relations. MOFCOM added they should strengthen multilateral and regional economic and trade cooperation, and expressed serious concern regarding US Section 301 investigations against multiple economies, including China. (Newswires)
China is reportedly stepping up oversight and regulation of food products sold online, including e-commerce, food delivery and live-streaming sales. (Newswires)
China is reportedly considering relaxing limits on commercial bank shareholding to expand capital replenishment channels, with authorities mulling easing curbs for major investors. (Newswires)
EU Parliament delegation to visit China next week. (Newswires)
The earnings reports from major Chinese companies reveal a mixed picture. While some firms like CITIC Securities exceeded expectations, others such as China Mobile and CNOOC fell short, raising concerns about the overall health of the sector amid a challenging economic backdrop. This divergence may influence investor sentiment towards Chinese equities and affect foreign investment flows, particularly given the ongoing dialogue around U.S.-China trade relations.