PRE-MARKET CHINESE STOCKS NEWS: Earnings from Baidu (9888 HK) and Sun Hung Kai Properties (16 HK)

Baidu (9888 HK) - Q4 2025 (USD) Adj. EPS 1.52 (exp. 1.47), rev. fell 4.1% Y/Y to CNY 32.7bln or USD 4.68bln (exp. 4.68bln). (Newswires)

Tencent (700 HK) – Co. negotiating to acquire a small stake in game developer Hungry Studio. (AA Stocks)

JD.com (9618 HK) – Co. officially launched the “Ten-Billion-Yuan Supermarket” channel, expanding supermarket category efforts with ten-billion-yuan subsidies, according to JD Black Board. (AA Stocks)

New World Development (825 HK) – Co. H1 (CNY) net rose 395% Y/Y to 15.3mln, rev. fell 12.4% Y/Y to 536.5mln. (Newswires)

NIO (9866 HK) – Co. and unit GeniTech Co., Ltd. entered into definitive agreements with certain investors in China to raise RMB 2.257bln via subscription of newly issued shares. (AA Stocks)

NWS Holdings (659 HK) – Co. H1 (HKD) net rose 14.7% Y/Y to 1.33bln, adj. EBITDA rose 0.8% Y/Y to 3.59bln, rev. rose 5.8% Y/Y to 12.8bln. (Newswires)

CLP Holdings (2 HK) – Co. targets 1GW of new dispatchable flexible capacity in Australia and proposes FY2025 total dividend of HKD 3.20/shr (prev. 3.10/shr). (Newswires)

Sun Hung Kai Properties (16 HK) – Co. H1 (HKD) underlying net rose 16.2% Y/Y to 12.2bln, rev. rose 32% Y/Y to 52.7bln (exp. 53.4bln), interim dividend 0.98/shr (prev. 0.95/shr). (Newswires)

CanSino Biologics (6185 HK) – Co. FY (CNY) net rose 13.9% Y/Y to 27.9mln, rev. 1.07bln (prelim. 1.04bln-1.08bln). (Newswires)