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)
The earnings updates from Chinese companies reveal a mixed performance, particularly with Kweichow Moutai posting weaker-than-expected results. This may signal concerns about consumer spending in China, impacting luxury goods and positioning the market outlook cautiously. Additionally, other companies like Ganfeng Lithium showed significant price increases, suggesting varied market dynamics across sectors.