PRE-MARKET CHINESE STOCKS NEWS: Earnings from Bilibili & JD.Com
Bilibili (9626 HK) - Co. Q4 (CNY) net rose 1.1% Y/Y to 513.9mln, rev. rose to 8.32bln (prev. 7.73bln Y/Y). (Newswires)
China Overseas Land & Investment (688 HK) - Co. reported Feb. (CNY) contracted sales fell 35.9% Y/Y to 8.46bln. (Newswires)
CIFI Holdings (884 HK) - Co. reported Feb. (CNY) contracted sales fell 67% Y/Y to 530mln. (Newswires)
Concord New Energy (182 HK) - Co. reported Feb. total power generation fell 8.3% Y/Y. (Newswires)
COSCO Shipping Holdings (1919 HK) - Co. is reportedly in discussion about operational plans with ports in Saudi Arabia. (Newswires)
Gemdale Properties (535 HK) - Co. reported Feb. (CNY) contracted sales fell 63% Y/Y to 306mln. (Newswires)
JD Health (6618 HK) - Co. FY (CNY) net rose 29% Y/Y to 5.37bln, rev. rose 26% Y/Y to 73.4bln. (Newswires)
JD Logistics (2618 HK) - Co. FY (CNY) net rose 7% Y/Y to 6.65bln, rev. rose 0.4% Y/Y to 217.2bln. (Newswires)
JD.com (9618 HK) - Co. Q4 (CNY) net loss attributable 2.7bln (prev. profit 9.9bln Y/), rev. rose 1.5% Y/Y to 352.3bln or USD 50.4bln (exp. 50.7bln), Co. executive said active customers rose 30% Y/Y in Q4 supported by organic growth in core retail and initiatives such as JD food delivery. (Newswires)
Prada (1913 HK) - Co. FY (EUR) net rose 1.6% Y/Y to 852mln, rev. fell slightly to 5.72bln (prev. 5.74bln Y/Y). (Newswires)
SJM Holdings (880 HK) - Co. FY (HKD) net loss 429mln (prev. profit 3mln Y/Y) , EBITDA rose 91% Y/Y to 3.20bln, rev. fell 2% Y/Y to 28.2bln. (Newswires)
Tech - Chinese tech heavyweights including Alibaba Group (9988 HK), ByteDance and Tencent Holdings (700 HK) are turning to domestic chipmakers to ease the pain from a deepening global shortage of memory chips. (The Information)
Other News
PBoC is said to potentially rely on longer-term tools after repo rollover. (Securities Daily)
China is reportedly in talks with Iran to allow safe oil and gas passage through Hormuz. (Newswires)