PRE-MARKET CHINESE STOCKS NEWS: Kuaishou Technology (1024 HK) Q4 (CNY) adj. net 5.46bln (exp. 5.38bln), adj. EBITDA 8.04bln (exp. 7.93bln), rev. 39.6bln (exp. 38.9bln)
Ascentage Pharma (6855 HK) - Co. FY (CNY) net loss 1.24bln (prev. loss 405.7mln Y/Y), rev. 574.1mln (prev. 980.7mln Y/Y). (Newswires)
BAIC Motor (1958 HK) - Co. FY (CNY) net 122.7mln (prev. 955.8mln Y/Y), rev. 164.1bln (prev. 192.5bln Y/Y). (Newswires)
China First Capital Group (1269 HK) - Co. FY (CNY) net loss 341.7mln (prev. loss 393.2mln Y/Y), rev. 3.45bln. (Newswires)
China Life Insurance (601628 CN) - Co. FY (CNY) net 154.1bln (exp. 168.9bln), rev. 615.7bln (exp. 647.2bln). (Newswires)
China Mengniu Dairy (2319 HK) - Co. FY (CNY) net 1.55bln (prev. 104.51mln Y/Y), rev. 82.24bln (prev. 88.67bln Y/Y), dividend guidance steady increase over next three years. (Dow Jones Newsplus)
China Taiping Insurance (966 HK) - Co. FY (HKD) net 27.1bln (exp. 26.8bln), insurance rev. 112.3bln (exp. 114.5bln). (Newswires)
CGN Power (1816 HK) - Co. FY (CNY) net 9.77bln (exp. 9.54bln), rev. 75.7bln (exp. 85.5bln). (Newswires)
COSCO Shipping Holdings (1919 HK) - Co. said it will resume bookings for some Middle East destinations, including the UAE, Saudi Arabia, Bahrain, Qatar, Kuwait and Iraq, effective immediately. (Newswires)
Everest Medicines (1952 HK) - Co. FY (CNY) net loss 297.8mln, rev. 1.71bln. (Newswires)
Guotai Junan International Holdings (1788 HK) - Co. FY (HKD) net 1.35bln (prev. 348mln Y/Y), rev. 6.23bln (prev. 4.42bln Y/Y). (Newswires)
IGG Inc (799 HK) - Co. FY (HKD) adj. net 616mln (prev. 607mln Y/Y), EBIT 720mln (exp. 646mln), rev. 5.50bln (exp. 5.65bln). (Newswires)
Kingsoft (3888 HK) - Co. Q4 (CNY) net 975.0mln (prev. 460mln Y/Y), rev. 1.75bln (prev. 1.50bln Y/Y). (Newswires)
Kuaishou Technology (1024 HK) - Co. Q4 (CNY) adj. net 5.46bln (exp. 5.38bln), adj. EBITDA 8.04bln (exp. 7.93bln), rev. 39.6bln (exp. 38.9bln). (Newswires)
Sino-Ocean Service (6677 HK) - Co. FY (CNY) net loss 1.37bln (prev. profit 28.9mln Y/Y), rev. 2.72bln (prev. 2.84bln Y/Y). (Dow Jones Newsplus)
Gaming/Tech - China's gaming regulator granted licences for 130 domestic online games in March and for 3 imported online games in March. (Newswires)
Other News
US President Trump posted that his meeting with Chinese President Xi will take place in Beijing on May 14th-15th, and Xi will visit at a later date this year. (Newswires)
Chinese Premier Li said China seeks to resolve disagreements with the EU via dialogue, while Li called for the Dutch PM to boost cooperation and said China calls on the Netherlands to play an active role in promoting healthy China-EU relations. (Newswires)
Kuaishou Technology's Q4 results showed an adjusted net profit of 5.46 billion CNY, above expectations, along with better-than-forecast EBITDA and revenue. This outperformance could signal a positive momentum in the tech sector, potentially influencing investor sentiment towards similar tech stocks and broader market trends in China, especially given the pressure on many other firms in the earnings report.