PRE-MARKET CHINESE STOCKS NEWS: Flurry of earnings
China
Aier Eye Hospital Group Co. Ltd. (300015 CH) - Co. Q1 (CNY) net was 1.18bln (prev. 1.05bln Y/Y), rev. was 6.40bln (prev. 5.2bln Y/Y) and FY (CNY) net was 3.24bln (exp. 3.64bln), rev. was 22.4bln (exp. 22.5bln). (Market Source)
Alibaba (9988 HK) – Co. has formed its first external partnership with China Eastern Airlines for its Qwen app. (SCMP)
Anhui Wenergy Co. Ltd. (000543 CH) - Co. FY (CNY) net was 2.15bln (exp. 2.29bln), rev. was 27.3bln (exp. 30.0bln). (Market Source)
Bank of Shanghai Co. Ltd. (601229 CH) - Co. FY (CNY) net was 24.2bln (exp. 24.2bln), NII rose 2.6% Y/Y to 33.4bln, NPL ratio was 1.18% and NIM was 1.16%. (Market Source)
Beijing Capital Co. Ltd. (600008 CH) - Co. FY (CNY) net was 1.30bln (prev. 1.60bln Y/Y), rev. was 17.8bln (prev. 20.3bln Y/Y). (Market Source)
CGN Mining Co. Ltd. (1164 HK) - Co. Q1 uranium production was 580.9tU, representing 97.1% of quarterly plan. (Market Source)
China Overseas Grand Oceans Group Ltd. (81 HK) - Co. Q1 (CNY) contracted property sales rose 17% Y/Y to 8.09bln. (Market Source)
China Telecom Corp. Ltd. (728 HK) - Co. Q1 (CNY) net fell 17% Y/Y to 7.35bln, rev. fell 2.3% Y/Y to 131.4bln. (Market Source)
Do-Fluoride New Materials Co. Ltd. (002407 CH) - Co. Q1 (CNY) net was 376mln (prev. 64.7mln Y/Y), rev. was 3.22bln (prev. 2.10bln Y/Y). (Market Source)
DongFeng Automobile (600006 CH) - Co. exec says the Co. is targeting global sales of 4mln by 2030. (Market Source)
Guanghui Energy Co. Ltd. (600256 CH) - Co. Q1 natural gas production rose 11.4% Y/Y to 184.6Mcm and Q1 (CNY) net was 236mln (prev. 693mln Y/Y), rev. was 6.86bln (prev. 8.90bln Y/Y). (Market Source)
Huadong Medicine Co. Ltd. (000963 CH) - Co. FY (CNY) net was 3.41bln (exp. 3.81bln), rev. was 43.6bln (exp. 44.4bln). (Market Source)
Keda Industrial Group Co. Ltd. (600499 CH) - Co. Q1 (CNY) net was 587mln (prev. 347mln Y/Y), rev. was 4.73bln (prev. 3.77bln Y/Y) and EBIT was 1.14bln (prev. 582mln Y/Y). (Market Source)
Pacific Securities Co. Ltd. (601099 CH) - Co. FY (CNY) net was 211mln (prev. 220mln Y/Y), rev. was 1.33bln (prev. 1.32bln Y/Y). (Market Source)
Power Construction Corp of China Ltd. (601669 CH) - Co. FY (CNY) net was 10.01bln (prev. 12.0bln Y/Y), rev. was 645bln (prev. 634bln Y/Y). (Market Source)
Shenzhen Airport Co. Ltd. (000089 CH) - Co. FY (CNY) net was 525mln (prev. 614mln Y/Y), rev. was 5.13bln (exp. 5.10bln) and Q1 (CNY) net was 258mln (prev. 163mln Y/Y), rev. was 1.34bln (prev. 1.25bln Y/Y). (Market Source)
Shenzhen MTC Co. Ltd. (300207 CH) - Co. FY (CNY) net was 1.06bln (exp. 1.65bln), rev. was 63.3bln (exp. 65.3bln). (Market Source)
Sinolink Securities Co. Ltd. (600109 CH) - Co. Q1 (CNY) net was 374mln (prev. 354mln Y/Y), rev. was 3.00bln (prev. 2.83bln Y/Y). (Market Source)
Sunwoda Electronic Co. Ltd. (300207 CH) - Co. FY (CNY) net was 1.06bln (exp. 1.65bln), rev. was 63.3bln (exp. 65.3bln). (Market Source)
Weifu High-Technology Group Co. Ltd. (000581 CH) - Co. Q1 (CNY) net was 374mln (prev. 354mln Y/Y), rev. was 3.00bln (prev. 2.83bln Y/Y). (Market Source)
Xiamen Tungsten Co. Ltd. (600549 CH) - Co. Q1 (CNY) net was 1.10bln (prev. 382.8mln Y/Y), rev. was 15.7bln (prev. 8.4bln Y/Y). (Market Source)
Today's barrage of earnings from Chinese companies shows mixed results, with names like Aier Eye Hospital reporting growth, while Alibaba and Beijing Capital disappointed against expectations. This trend conveys a cautious outlook for the sector, highlighting both growth opportunities and ongoing challenges, which may impact investor sentiment going into the Asian market open.