PRE-MARKET CHINESE STOCKS NEWS: Earnings updates including from Kweichow Moutai
China Shenhua Energy (601088 CH) - Co. reported Mar coal sales volume rose 6.4% Y/Y. (Newswires)
COSCO Shipping Holdings (1919 HK) - Co. raised USD 272.2mln via a rights issue. (Newswires)
Ganfeng Lithium (1772 HK) - Co. guides Q1 net profit of CNY 1.60bln-2.10bln, citing a significant increase in selling prices of lithium salt products. (Newswires)
Han's Laser Technology (002008 CH) - Co. FY (CNY) net 1.19bln (exp. 1.24bln), rev. 18.8bln (exp. 18.2bln). (Newswires)
Hopson Development Holdings (754 HK) - Co. reported Mar contracted sales of CNY 401mln (prev. CNY 1.10bln Y/Y). (Newswires)
Kweichow Moutai (600519 CH) - Co. FY (CNY) net 82.3bln (exp. 90bln), rev. 172.1bln (exp. 180.5bln). (Newswires)
Mongolian Mining (975 HK) - Co. reported Q1 ROM coal mined rose 22% Q/Q to 4.85k tonnes, while coking coal processed rose 1% Q/Q and washed coking coal produced fell 3% Q/Q. (Newswires)
Nantong Fujitsu Microelectronics (002156 CH) - Co. FY (CNY) net 1.22bln (exp. 1.27bln), rev. 27.9bln (exp. 27.9bln). (Newswires)
SenseTime (20 HK) - Co. plans to place 1.7bln shares at HKD 1.91/shr for gross proceeds of HKD 3.25bln, with 40% of proceeds to be used to expand its SenseCore AI infrastructure. (Newswires)
Shenzhen Energy Group (000027 CH) - Co. FY (CNY) net 2.10bln (prev. 2.01bln Y/Y), rev. 43.4bln (prev. 41.2bln Y/Y). (Newswires)
Stella International Holdings (1836 HK) - Co. reported Q1 rev. USD 337mln (prev. USD 331mln Y/Y). (Newswires)
Yonghui Superstores (601933 CH) - Co. Q1 (CNY) net 287mln (prev. 148mln Y/Y), rev. 13.4bln (prev. 17.5bln Y/Y). (Newswires)
Autos - Canada’s Trade Minister reportedly held discussions with Chinese EV manufacturers, including BYD, Xpeng, and Guangzhou Automobile Group. (Newswires)
Other News
- ChiNext is planning to revamp its refinancing rule in a move to support the tech sector. (Newswires)