GMT EIGHT - OPPORTUNITIES IN CHINA

UNITED LAB (03933) issues a profit warning, expecting a net profit of approximately 340 million yuan for the interim period.

Fosun Pharmaceutical (03933) announced that it expects the groups net profit for the six months ending June 30, 2026, to be approximately RMB 340 million, compared to a net profit of approximately RMB 1.893 billion for the six months ending June 30, 2025.

QINGDA ORIENTAL (08115) issues a profit warning, expecting that the loss attributable to company owners for the first half of the year will increase significantly to about 480 million to 490 million yuan.

Qingda Dongfang (08115) announced that it is expected the group will report a loss attributable to shareholders of approximately 480 to 490 million yuan in the first half of 2026, while the loss attributable to shareholders for the same period in 2025 was around 400,000 yuan. The significant increase in expected losses is primarily due to the recognition of goodwill impairment losses.

YUEXIUTRANSPORT (01052) will distribute an interim dividend of HKD 0.12 per share on November 27.

Yuexiu Transport Infrastructure (01052) announced that it will distribute a mid-term dividend of HKD 0.12 per share on November 27, 2026.

XTALPI (02228) announced its interim results, with revenue of 394 million yuan and R&D expenses increasing by 66.05% year-on-year.

JingTai Holdings (02228) announced its interim results for the six months ended June 30, 2026, with revenue of 394 million yuan (RMB); research and development expenses of 368 million yuan, an increase of 66.05% year-on-year; a loss attributable to shareholders of 252 million yuan; and a basic loss per share of 6 cents.

DONGGUANG CHEM (01702) issues a positive profit alert, expecting a year-on-year increase of approximately 55% in net profit for the first half of the year.

Dongguang Chemical (01702) announced that it expects the group's net profit for the six months ending June 30, 2026, to grow by approximately 55% compared to the same period in 2025. The anticipated growth in net profit is primarily due to the combined effects of the following factors: (i) an increase in revenue leading to higher overall gross profit and gross profit margin, and (ii) gains from hedging in urea futures.

CISI FIN (06058) 2026 Interim Report Review: Revenue and net profit achieve high double-digit growth, showcasing resilience in adverse conditions.

Xingzheng International (06058) has delivered a highly impressive semi-annual report.

JINYUAN HCHEM (02502) issues a positive profit alert, expecting a net profit of approximately 41.6 million yuan for the interim period, turning losses into profits compared to the same period last year.

Jinyuan Hydrogen (02502) announced that the group expects to achieve a profit of approximately RMB 41.6 million for the six months ending June 30, 2026 (corresponding period in 2025: a loss of approximately RMB 9.3 million).

Zhenro PPT (06158) issued a profit warning, expecting the mid-term loss attributable to shareholders to widen to between 8.2 billion and 8.4 billion yuan compared to the same period last year.

Zhengrong Real Estate (06158) announced that based on a preliminary assessment of the group's unaudited management accounts and other currently available information for the six months ending June 30, 2026 (the "period"), it is expected that the group will incur a loss attributable to equity holders of the parent company ranging from RMB 8.2 billion to RMB 8.4 billion (the loss attributable to equity holders of the parent company for the six months ending June 30, 2025 (the "same period") was approximately RMB 6.463 billion).

Zhenro Services (06958) issued a profit warning, expecting that the loss attributable to the owners of the parent company for the first half of the year will not exceed 60 million yuan.

Zhengrong Service (06958) announced that the group expects to incur a loss attributable to shareholders of the parent company not exceeding RMB 60 million in the first half of 2026, compared to a loss of approximately RMB 7.5 million in the same period of 2025. Due to the impact of the market environment, the expected performance deterioration is primarily attributed to (1) a decrease in the collection rate of accounts receivable, which has resulted in an increase in the provisions for impairment of accounts receivable, and (2) a decline in revenue from community value-added services and non-owner value-added services.

K2 F&B (02108) issued a profit warning, expecting a consolidated loss attributable to shareholders of approximately 800,000 Singapore dollars for the mid-term, reversing from profit to loss year-on-year.

K2 F&B (02108) announced that the group expects to record a consolidated loss attributable to shareholders of approximately S$800,000 for the six months ending June 30, 2026 (the reporting period), compared to a consolidated profit attributable to shareholders of approximately S$200,000 for the same period in 2025.

C FIN SERVICES (00605) granted a new loan of 30 million yuan.

China Financial Investment Management (00605) announced that on August 19, 2026, the company's controlled non-wholly-owned subsidiary Chengdu Huixin Microloan (as the lender) entered into a new loan agreement with customer FA (as the borrower), under which Chengdu Huixin Microloan agrees to grant the borrower a new loan with a principal amount of RMB 30 million, for a term of six months, with an annual interest rate of 16%.

Northbound funds | The Northbound capital saw a net sell of 10.621 billion. OpenAI "explosion" leads to further sell-off of AI hardware stocks by Northbound capital.

On August 19, the Hong Kong stock market saw a net sell-off of 10.621 billion Hong Kong dollars from northbound capital. Among this, the Shanghai-Hong Kong Stock Connect had a net sell-off of 3.31 billion Hong Kong dollars, while the Shenzhen-Hong Kong Stock Connect recorded a net sell-off of 7.311 billion Hong Kong dollars.

CHANJET (01588) will distribute a mid-term dividend of 0.14 yuan per share on October 29.

Changjie Tong (01588) announced that the company will distribute an interim dividend of 0.14 yuan per share for the six months ending June 30, 2026, on October 29, 2026.

Yankuang Energy Group (01171) announced the interim performance of Yancoal Australia, with a post-tax profit of AU$17 million, a year-on-year decrease of 89.57%.

Yancoal Australia Limited (01171) announced its semi-annual performance for 2026, with total revenue of AUD 3.024 billion, an increase of 13.05% year-on-year; after-tax profit was AUD 17 million, a decrease of 89.57% year-on-year.

HANVEY GROUP (08219) issues a positive profit alert, expecting that the interim profit attributable to shareholders will not be less than approximately HKD 1.5 million.

Hengwei Group Holdings (08219) announced that the Group expects to record a profit attributable to the owners of the company of at least approximately HKD 1.5 million for the six months ending June 30, 2026, compared to a profit of approximately HKD 1.06 million for the six months ending June 30, 2025. The Board believes that the significant improvement in the Group's financial performance is mainly due to (including) (i) the growth being driven primarily by increased sales; and (ii) a reduction in interest expenses after repaying the Group's bank borrowings.

CHANJET (01588) released its interim results, with net profit attributable to shareholders reaching 41.613 million yuan, an increase of 24.17% year-on-year.

Changjitong (01588) announced its interim results for the six months ended June 30, 2026, with revenue of RMB 548 million, representing a year-on-year increase of 13.46%; profit attributable to equity holders of the parent company was RMB 41.613 million, reflecting a year-on-year increase of 24.17%; earnings per share were 13 cents; and an interim dividend of RMB 0.14 per share is proposed.

BEIJING ENT (00392): Yanjing Huichuan's interim profit attributable to shareholders is 48.77 million yuan, an increase of 23.26% compared to the previous year.

Beijing Enterprises Holdings Limited (00392) announced that its subsidiary Fujian Yanjing Huichuan Brewery Co., Ltd. (Yanjing Huichuan) achieved operating revenue of 369 million yuan for the six months ending June 30, 2026, an increase of 5.11% year-on-year; the profit attributable to shareholders of Yanjing Huichuan was 48.77 million yuan, representing a year-on-year increase of 23.26%.

RSUN SER (01971) issues a profit warning, expecting the net profit attributable to shareholders for the interim period to be no more than 8 million yuan.

Hongyang Services (01971) announced that the group expects to record a net profit of no more than RMB 5 million for the six months ending June 30, 2026 (compared to approximately RMB 28 million for the same period in 2025). The net profit attributable to the companys equity holders is expected to be no more than RMB 8 million (compared to approximately RMB 24 million for the same period in 2025).

Zhuzhou CRRC Times Electric (03898) announced its interim results, with a net profit attributable to shareholders of approximately 1.712 billion yuan, a year-on-year increase of 2.44%.

(03898) announced its mid-term performance for 2026, with revenue of approximately 13.07 billion yuan, a year-on-year increase of 7.01%; net profit attributable to shareholders of the listed company was about 1.712 billion yuan, a year-on-year increase of 2.44%; basic earnings per share were 1.25 yuan, and a cash dividend of 4.60 yuan (tax included) was paid for every 10 shares.

SBP GROUP (01177) Interim Report Observation: All in AI and Globalization Dual Engines Started

With the approval of innovative products such as Lenvatinib, Palbociclib, and Nintedanib, as well as the further expansion of indications for core products like Anlotinib, Kumasiir, and Zongaitinib, the company's innovative business is entering a concentrated realization period.

The Hong Kong Airport Authority signs a memorandum of understanding with Qatar Airways Cargo to strengthen air connectivity and develop cooperation.

On August 19, Qatar Airways Cargo established an air cargo regional office in Hong Kong and signed a Memorandum of Understanding on strengthening air connectivity and aviation development cooperation with the Hong Kong Airport Authority (the MOU).

CRYSTAL INTL (02232) will distribute a mid-term dividend of HK$0.18 per share on September 17.

Crystal International (02232) announced that the company will distribute an interim dividend of HK$0.18 per share on September 17, 2026.

China East Education (00667) announced its interim results, with adjusted net profit of 501 million yuan, a year-on-year increase of 20.5%.

China Dongfang Education (00667) announced its mid-year results for 2026, reporting revenue of 2.418 billion yuan, an increase of 10.6% year-on-year; gross profit of 1.409 billion yuan, up 12.4% year-on-year; net profit of approximately 455 million yuan, a year-on-year increase of 13%; adjusted net profit of 501 million yuan, up 20.5% year-on-year; and basic earnings per share of 20.52 cents.

YANCOAL AUS (03668) will distribute a interim dividend of 0.07 AUD per share on September 18.

Yancoal Australia (03668) announced that it will distribute an interim dividend of AUD 0.07 per share for the half year ending June 30, 2026, on September 18, 2026.

In the global bond market storm, "high-market economics" has become the latest vulnerability: Japan's countermeasures are limited.

The bond market crash poses risks to fiscal plans, but there seems to be little response from Japanese authorities.

YANCOAL AUS (03668) released its half-year results, with a net profit attributable to shareholders after tax of 17 million AUD, a decrease of 55% compared to the same period last year.

Yancoal Australia (03668) announced its interim results for the period ending June 30, 2026. The group achieved total operating revenue of 3.024 billion AUD, an increase of 13% year-on-year; the net profit attributable to shareholders after tax (excluding non-recurring items) was 17 million AUD, a decrease of 55% year-on-year; the earnings per share (excluding non-recurring items) was 1.3 Australian cents, and it plans to distribute an interim dividend of 0.07 AUD per share.

KINGSOFT CLOUD (03896) announced its interim results, with adjusted EBITDA of 1.848 billion yuan, a year-on-year increase of 155.04%.

Kingsoft Cloud (03896) announced its interim results for the period ending in mid-2026, achieving revenue of 5.776 billion yuan, a year-on-year increase of 33.7%; gross profit of 812 million yuan, a year-on-year increase of 23.6%; adjusted EBITDA of 1.848 billion yuan, a year-on-year increase of 155.04%; and an adjusted EBITDA profit margin of 32%.

CHINA AEROSPACE (00031) issues a profit warning, expecting a net loss of approximately HKD 150 million to 180 million for the first half of the year.

Aerospace Holdings (00031) announced that the group expects to incur a net loss of approximately HKD 150 million to HKD 180 million in the first half of 2026, compared to a net loss of approximately HKD 85.776 million in the same period of 2025.

CATHAY PAC AIR (00293) saw a 9% year-on-year increase in passenger volume in July.

Cathay Pacific Airways (00293) announced that its passenger volume in July 2026 is expected to increase by 9% compared to the same month in 2025, with available seat kilometers increasing by 5% year-on-year. In the first seven months of 2026, passenger volume increased by 16% compared to the same period in 2025.

New Stock News | CHERY AUTO (09973) subsidiary Moja Siasun Robot & Automation plans to go public independently and is negotiating potential listing locations.

Zhang Guibing, President of Chery International Business and General Manager of Moja Robotics, stated that negotiations are underway regarding potential listing locations, but he refused to disclose details such as the timeline or locations for the potential listing.

SINOPHARM (01099): The mid-term operating profit of Sinopharm Medical Equipment is 599 million yuan, a year-on-year decrease of 12.34%.

China National Pharmaceutical Group (01099) announced the six-month performance of China National Pharmaceutical Equipment for the period ending June 30, 2026. The company achieved operating revenue of 36.492 billion yuan (RMB, the same below), a year-on-year increase of 0.36%; operating profit of 599 million yuan, a year-on-year decrease of 12.34%; and comprehensive income attributable to the owners of the parent company of 287 million yuan, a year-on-year decrease of 2.56%.

YIXIN (02858) announced its interim results, with a profit attributable to shareholders of 704 million yuan, an increase of 28.23% year-on-year.

Yixin Group (02858) released its preliminary interim results for the six months ending June 30, 2026, reporting revenue of RMB 6.177 billion, a year-on-year increase of 13.3%; profit attributable to the companys owners was RMB 704 million, a year-on-year increase of 28.23%; basic operating profit per share was RMB 0.104.

The British Prime Minister will promote a "great transfer of power": the responsibility for economic growth will be transferred from the Treasury to "Northern Powerhouse 10."

UK Prime Minister Andy Burnham stated in an interview that he will transfer the responsibility for economic growth from the UK Treasury to a new office located in the North of England.

CIL GROUP (01719) issued a positive profit alert, expecting a profit attributable to shareholders of approximately HKD 8 million for the first half of the year, representing an increase of about 225% year-on-year.

China Merchants Group (01719) announced that it expects to achieve a profit attributable to shareholders of approximately HKD 8 million in the first half of 2026, an increase of about 225% year-on-year.

CH RENEW EN INV (00987) issued a profit warning, expecting a mid-term net loss of approximately HK$9 million to HK$10 million.

China Renewable Energy Investment (00987) announced that the Group expects to incur a net loss of approximately HKD 9 million to HKD 10 million for the six months ending June 30, 2026, compared to a net profit of approximately HKD 31 million for the six months ending June 30, 2025.

BASICSEMI (09971) has reached a strategic partnership with UBTECH ROBOTICS.

Basic Semiconductor (09971) announced that it has reached a strategic cooperation with Shenzhen Youbixuan Technology Co., Ltd. (Youbixuan, a joint-stock company established in China, listed on the main board of the Hong Kong Stock Exchange, stock code: 9880).

LEPU BIO (02157) announced its interim results, with net profit attributable to shareholders of 27.393 million yuan, a year-on-year decrease of 34.4%.

Leap Bio (02157) announced its performance for the six months ending June 30, 2026, with revenue of 522 million yuan, a year-on-year increase of 12.1%; the profit attributable to equity holders of the company was 27.393 million yuan, a year-on-year decrease of 34.4%; basic earnings per share were 0.02 yuan.

YUEXIUTRANSPORT (01052) announced its interim results, with a profit attributable to shareholders of approximately 386 million yuan, an increase of 6.94% year-on-year.

Yuexiu Transport Infrastructure (01052) announced its mid-year results for 2026, with revenue of approximately 2.14 billion yuan, a year-on-year increase of 1.97%; the profit attributable to shareholders was approximately 386 million yuan, a year-on-year increase of 6.94%; basic earnings per share were 0.2306 yuan, and the interim dividend was 0.12 Hong Kong dollars per share.

CHINA STARCH (03838) announced its interim results, reporting a loss attributable to shareholders of 14.678 million yuan, a turnaround from profit to loss year-on-year.

China Starch (03838) announced its performance for the six months ending June 30, 2026. During this period, the group achieved revenue of 5.022 billion yuan (RMB, the same unit below), a year-on-year decrease of 1.81%; the loss attributable to shareholders was 14.678 million yuan, shifting from profit to loss year-on-year; basic loss per share was 0.0025 yuan.

FIRST PACIFIC Davis: The Hong Kong property market saw a growing divergence in the second quarter, entering a phase of selective recovery.

According to a report released by Savills, the differentiation in Hong Kong's real estate market further widened in the second quarter, with the market shifting from a slump to a selective recovery. However, buyers remain highly focused on asset quality, price, financing conditions, and stable cash flow.

SV VISION (08429) issued a positive profit warning, estimating that the mid-term profit attributable to shareholders will be approximately HKD 1.2 million, a reversal from loss to profit compared to the same period last year.

Hua Mei Le Le (08429) announced that the Group expects to achieve a net profit attributable to the shareholders of the Company of approximately HKD 1.2 million for the six months ending June 30, 2026 (the 2026 period), whereas a net loss attributable to the shareholders of the Company of approximately HKD 900,000 was reported for the six months ending June 30, 2025 (the 2025 period).

CRYSTAL INTL (02232) announced its interim results, with shareholders' profit attributable to them reaching $109 million, a year-on-year increase of 10.6%.

Crystal International (02232) announced its results for the six months ending June 30, 2026, with revenue of USD 1.296 billion, a year-on-year increase of 5.4%; profit attributable to owners of the company stood at USD 109 million, an increase of 10.6% year-on-year; basic earnings per share were 3.81 US cents, and an interim dividend of 18 Hong Kong cents per share is proposed.

Guangzhou Baiyunshan Pharmaceutical Holdings (00874): Tianxin Pharmaceutical has received the "Approval Notification for Supplementary Application of Sodium Cytidine Injection (2ml: 0.25g, 4ml: 0.5g)."

Baiyun Mountain (00874) announced that recently, the companys holding subsidiary Guangzhou Baiyunshan Tianxin Pharmaceutical Co., Ltd. (hereinafter referred to as Tianxin Pharmaceutical) received the "Approval Notice for Supplementary Application for Drugs" issued by the National Medical Products Administration for Sodium Cyclic Phosphatidic Acid Injection (2ml: 0.25g, 4ml: 0.5g).

BAMA TEA (06980) will distribute a mid-term dividend of 1.2 yuan per share on November 4.

Eight Horses Tea Co., Ltd. (06980) announced that the company will distribute an interim dividend of 1.2 yuan per share on November 4, 2026.

Bank of America Survey: 47% of fund managers bet on European stocks outperforming U.S. stocks, optimism returns to pre-Iran war highs.

About 47% of fund managers expect European stock returns to slightly outperform US stocks in the coming year, the highest level since the outbreak of the Iran war in February 2026.

Cyclical Grinding, Showcasing Resilience | A Visual Guide to DEKON AGR (02419) Mid-Year Results of 2026

Driven by technological innovation and lean operations, the company maintains industry-leading overall cost and profit efficiency, with losses per unit better than its peers, highlighting its resilience to economic cycles.

UK's July CPI hits a four-month high: energy bill "flooding" impacts have arrived as expected, but a cooling in services inflation gives the Bank of England some breathing room.

UK inflation rate rises to a four-month high, with rising energy bills as the main driving force.

SK Hynix (SKHY.US) has launched a substantial shareholder return plan! It intends to repurchase and cancel 40 trillion won worth of shares, returning over 50% of cumulative free cash flow.

SK Hynix announced on Wednesday that the company will repurchase and cancel shares worth 40 trillion won (approximately 28.61 billion USD) and plans to allocate at least 50% of its cumulative free cash flow for shareholder returns by next year.

The "14th Five-Year Plan" for Universal Medical Insurance: Vigorously Promote the Development of Commercial Medical Insurance

On August 19, the National Medical Insurance Administration issued a notice on the issuance of the "13th Five-Year Plan for Universal Medical Security."

A-share Closing Review | Indices plunged across the board, with the Sci-Tech Innovation 50 dropping nearly 7%, while the banking and coal sectors resisted the decline.

On August 19, the A-shares opened lower and continued to decline, with afternoon losses expanding. The three major indexes suffered significant drops, with the Sci-Tech Innovation 50 Index leading the decline at a drop of 6.89%.

Latest

18/08

Citigroup: Initiates "Buy" rating for Zijin Mining International (02259), optimistic about production growth and gold price outlook.

18/08

Ganfeng Lithium: Progress on Subsidiary's Involvement in Investment Limited Partnership Matters

18/08

Zhichun Technology (603690.SH) plans to transfer part of its shares in the affiliated company Weidun Crystal Phosphate for 20 million yuan.

18/08

Xiamen Releases Twelve Measures to Promote Exchange and Cooperation with Taiwan

18/08

Yuncong Technology: The company is deeply involved in the national standardized pilot project "Shanghai Virtual-Real Integration Embodied Intelligence Training Ground" and the "Humanoid Robot Qilin Training Ground" project.

Seeking Coverage

Being Writer

Exploring Cooperation