PRE-MARKET CHINESE STOCKS NEWS: Earnings from Kingsoft and Kuaishou Technology
Newsquawk Staff ·
Antengene Corporation (6996 HK) - Co. received CDE endorsement to conduct a pivotal Phase III CLINCH-3 study of ATG-022 in CLDN18.2+ advanced gastric or gastroesophageal junction adenocarcinoma. (Newswires)
China Qinfa Group (866 HK) - Co. stock lockup is due to expire on June 3. (Newswires)
HSBC Holdings (5 HK) - Co.’s AUD 26bln mortgage book has reportedly drawn interest from Blackstone. (The Australian)
Kingsoft Corporation (3888 HK) - Co. Q1 (CNY) net 1.09bln (prev. 283.9mln Y/Y), rev. 2.42bln (prev. 2.34bln Y/Y), and said its acting CFO will leave. (Newswires)
Kingsoft Cloud (3896 HK) - Co. Q1 (CNY) loss/share 0.08 (prev. loss USD 0.08 Y/Y), rev. 2.70bln (exp. 2.58bln), normalized adj. op margin -2.2% (prev. -2.9% Y/Y). (Newswires)
Kuaishou Technology (1024 HK) - Co. Q1 (CNY) adj. net 3.37bln (exp. 3.03bln), adj. EBITDA 6.23bln (exp. 5.63bln), rev. 33.7bln (exp. 33.4bln), said Kling AI commercialisation accelerated, with Q1 2026 revenue exceeding RMB 650mln, up more than 300% Y/Y, while March annualised revenue run-rate reached around USD 500mln, and affirmed FY26 CAPEX at around RMB 26bln. (Newswires)
RoboSense Technology (2498 HK) - Co. Q1 (CNY) net loss 64.2mln (prev. loss 99.6mln Y/Y), rev. 458.8mln (prev. 327.8mln Y/Y), with LiDAR sales volume at 330k units (prev. 109k Y/Y). (Newswires)
Topsports International Holdings (6110 HK) - Co. FY25 (CNY) net 1.27bln (exp. 1.27bln), rev. 25.74bln (exp. 25.5bln). (Newswires)
Other News
China Commerce Ministry said the EU recently introduced a series of protectionist trade restrictions, reiterated that countries should jointly support free trade and multilateralism, and said it will strengthen dialogue and consultation with Germany.
- US President Trump says "Iran is doing everything they can to drive up the price of Oil prior to the U.S. Midterm Election".
- US EQUITY OPEN: Mag-7 earnings lead Tech and Indices lower as the Middle East situation remains fragile
- Infineum is exploring a USD 8bln sale, the FT reports
- Nebius (NBIS) secures USD 3.5bln financing facility with Citi (C); facility has a 364-day maturity, interest at term SOFFR plus 2.75-3.5% per annum
- American Airlines Group Inc. (AAL) Q3 2026 (USD): adj EPS -0.28 (exp. -0.33), Revenue 16.3bln (exp. 16.20bln); new revenue record. CEO "...expect another quarter of record revenue growth to close out the year."
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