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)
Baidu's earnings slightly beat expectations with an adjusted EPS of 1.52, indicating a resilient performance despite a revenue decline. Meanwhile, Sun Hung Kai Properties showed strong growth with a 16.2% rise in underlying net profit, though total revenue fell short of forecasts. These results may influence market sentiment towards Chinese equities amid ongoing earnings season, particularly concerning investor perceptions of growth potential in the tech and real estate sectors.