PRE-MARKET CHINESE STOCKS NEWS: Earnings updates
China Mobile (941 HK) - Co. Q1 (CNY) net 29.3bln (prev. 30.6bln Y/Y), rev. 266.5bln (prev. 263.8bln Y/Y). (Dow Jones Newsplus)
Han's Laser Technology Industry Group (002008 CH) - Co. Q1 (CNY) net rose 117% Y/Y to 354mln, rev. 5.13bln (exp. 4.11bln). (Newswires)
Oriental Pearl Group (600637 CH) - Co. FY (CNY) net 618mln (prev. 669mln Y/Y), rev. 7.49bln (prev. 7.70bln Y/Y). (Newswires)
Wanhua Chemical Group (600309 CH) - Co. FY (CNY) net 12.5bln (exp. 12.5bln), rev. 203.2bln (exp. 198.6bln). (Newswires)
Xtep International Holdings (1368 HK) - Co. reported Q1 China mainland core brand retail sell-through up low-single-digit Y/Y. (Newswires)
Yankuang Energy Group (1171 HK) - Co. Q1 saleable coal production rose 13% Y/Y to 41.6mln tons, sales volume rose 3.1% Y/Y to 39.5mln tons. (Newswires)
Other News
Chinese Premier Li urged promoting energy structure adjustment and exploring renewable energy supply potential. (CCTV)
China state planner head said officials will help actively increase effective domestic demand and will further enhance supply chain resilience. (Newswires)
China’s stock market stabilisation measures have gained traction. (China Securities Journal)
The pre-market earnings updates from several major Chinese companies show a mixed performance. While Han's Laser Tech posted a strong revenue beat, China Mobile and Oriental Pearl reported declines, potentially reflecting broader economic pressures and sector-specific challenges. Overall, these results may influence investor sentiment towards Chinese equities and highlight the ongoing themes of demand recovery and structural adjustments emphasized by government officials.