GMT EIGHT - OPPORTUNITIES IN CHINA

QINQIN FOODS (01583) announced its interim results, with a profit attributable to shareholders of 4.937 million yuan, a decrease of 77.1% year-on-year.

Qin Qin Food (01583) announced its interim results for the six months ending June 30, 2026, with revenue of RMB 485 million, a year-on-year decrease of 8.4%; profit attributable to shareholders of the company was RMB 4.937 million, a year-on-year decrease of 77.1%; and earnings per share were RMB 0.007.

TSAKER NE (01986): Hebei Tsaker New Materials Technology reported a net profit attributable to the parent company of 85.949 million yuan, a year-on-year decrease of 0.56%.

Color Tech New Energy (01986) announced the six-month financial results of Color Tech Technology for the period ending June 30, 2026, with operating revenue of 303 million yuan, an increase of 6.88% year-on-year; net profit attributable to shareholders of Color Tech Technology was 85.949 million yuan, a decrease of 0.56% year-on-year.

The Hong Kong Stock Exchange welcomes mainland insurance funds to invest in Hong Kong ETFs through the Shanghai and Shenzhen-Hong Kong Stock Connect.

From January to July this year, the daily average trading amounts of southbound ETFs and northbound ETFs under the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect were approximately HKD 5.8 billion and RMB 5.1 billion, respectively, representing year-on-year increases of 61% and 86%.

XUNFEIHEALTH (02506) achieved a revenue of approximately 446 million yuan in the first half of the year, a year-on-year increase of 49.4%.

iFlytek Medical Technology (02506) announced its mid-term results for 2026, with operating income of approximately 446 million yuan, a year-on-year increase of 49.4%; gross profit of approximately 236 million yuan, a year-on-year increase of 53.5%; and a net loss attributable to the owners of the parent company of 59.3 million yuan, narrowing by 20% year-on-year.

XUNFEIHEALTH (02506): Wind ESG rating upgraded to AA level

iFlytek Medical Technology (02506) announced that the domestic authoritative ESG (Environmental, Social, and Governance) rating agency Wind recently released the latest ESG rating results. The company has been awarded an AA rating for its outstanding performance in corporate governance, social responsibility fulfillment, and environmental management, ranking in the top 3% of the industry (previously the company's rating was A). The comprehensive score exceeds the industry average, with significant improvements in the social and environmental aspects during this period. The board believes that this rating upgrade reflects the group's continuous progress in sustainable development management and recognizes the efforts made by the group in promoting high-quality and sustainable development.

MIN XIN HOLD (00222) issued a profit warning, expecting the mid-term profit attributable to shareholders to be approximately HKD 32.5 million to HKD 37.5 million, a year-on-year decrease of about 42% to 50%.

Minxin Group (00222) announced that the Group expects to record a prospective attributable profit to shareholders of approximately HKD 32.5 million to HKD 37.5 million for the six months ending June 30, 2026, representing a decrease of approximately 42% to 50% compared to the same period in 2025.

CHINAVTM MINING (00893) issues a profit warning, expecting a net loss attributable to shareholders of no more than approximately 10 million yuan, reversing from profit to loss year-on-year.

China Titanium Industries (00893) announced that based on the information currently available to the company and the preliminary review by the board of directors of the group's unaudited consolidated management accounts for the six months ended June 30, 2026 (the first half of 2026), the group expects to incur a net loss attributable to owners of the company not exceeding approximately RMB 10 million (net loss) for the first half of 2026 (first half of 2025: net profit attributable to owners of the company was approximately RMB 1 million).

UK food inflation has fallen for five consecutive months, reaching its lowest point in nearly two years, as consumers pursue promotions and the heatwave reshapes spending patterns.

In light of the cash-strapped British consumers increasingly seeking discount products to cut living expenses, the rise in food prices in the UK has fallen to its lowest level in nearly two years.

SOUTH MANGANESE (01091) announces a profit warning, expecting that the mid-term profit attributable to shareholders will not be less than HKD 350 million, representing a year-on-year increase.

Southern Manganese Industry (01091) announced that compared to the profit attributable to the company owners of approximately HKD 173 million for the six months ending June 30, 2025 (the first half of 2025), the group expects to achieve a profit attributable to the company owners of no less than HKD 350 million for the six months ending June 30, 2026 (the first half of 2026).

iQIYI, Inc. Sponsored ADR Class A (IQ.US) released its Q2 2026 financial report: total revenue of 6.29 billion yuan, fully committed to advancing its strategic transformation.

iQIYI released its unaudited second-quarter financial report for the period ending June 30, 2026.

GIANT BIOGENE (02367) announced its interim results, with adjusted net profit of approximately 945.5 million yuan, a year-on-year decrease of 21.5%.

Juzhi Biological (02367) announced its mid-year results for 2026, with revenue of approximately 2.918 billion yuan, a year-on-year decrease of 6.3%; gross profit of approximately 2.318 billion yuan, a year-on-year decrease of 8.8%; profit attributable to equity shareholders of the company of approximately 940 million yuan, a year-on-year decrease of 20.5%; adjusted net profit of approximately 945.5 million yuan, a year-on-year decrease of 21.5%; basic earnings per share of 0.89 yuan.

CSPC PHARMA (01093): The new drug application for Anizumab (KN 026) and injectable Docetaxel (albumin-bound) (HB1801) for first-line treatment of advanced breast cancer has been accepted by the National Medical Products Administration.

Shijiazhuang Yiling Pharmaceutical Group Co., Ltd. (01093) announced that its subsidiary, Shanghai Jinmant Biotech Co., Ltd., and Jiangsu CanSino Biologics Inc. have collaborated to develop the new drug Anituzumab (KN 026) in combination with the company's self-developed injectable docetaxel (albumin-bound) (HB1801) for first-line treatment of advanced breast cancer. The application for market approval has been accepted by the National Medical Products Administration of the People's Republic of China (NMPA) and has been included in the priority review and approval process.

ALPHAMAB-B(09966): The new drug application for Anritanib (KN026) as a first-line treatment for HER2-positive advanced breast cancer has been accepted by the National Medical Products Administration.

Corning Pharmaceuticals-B (09966) announced that it has received acceptance from the National Medical Products Administration (NMPA) of China for the New Drug Application (NDA) of the combination of Anitin (trade name: Ennit) (development code: KN026) and Injectable Docetaxel (Albumin-bound) (HB1801) for first-line treatment of unresectable or metastatic human epidermal growth factor receptor 2 (HER2) positive (HER2+) adult breast cancer in collaboration with a subsidiary of Shanghai Jinmante Biotechnology Co., Ltd., part of CSPC Pharmaceutical Group Limited (stock code: 1093). The application has been included in the priority review and approval process.

Northbound funds | Northbound funds recorded a net purchase of 14.002 billion yuan, aggressively accumulating shares in the AI industry chain. Throughout the day, they bought nearly 2.4 billion Hong Kong dollars worth of Alibaba (09988).

On August 18, in the Hong Kong stock market, northbound capital recorded a net purchase of HK$14.002 billion. Among them, the Shanghai-Hong Kong Stock Connect had a net purchase of HK$9.793 billion, while the Shenzhen-Hong Kong Stock Connect saw a net purchase of HK$4.208 billion.

BIDU-SW (09888) released its second-quarter results, with a net profit attributable to Baidu of 2.319 billion yuan. The intelligent cloud infrastructure maintains strong momentum.

Baidu Group-SW (09888) announced its second-quarter performance for the three months ending June 30, 2026, reporting revenues of RMB 31.325 billion, a year-on-year decrease of 4.24%; net profit attributable to Baidu was RMB 2.319 billion, down 68.33% year-on-year; basic earnings per American Depositary Share were RMB 6.08.

INSILICO (03696) plans to participate in the establishment of an investment fund.

Yingshi Intelligent (03696) announced that the company is considering participating in the establishment of an investment fund through a series of transactions. The fund is tentatively named Yingshi Pufa Huili (Shanghai) Private Equity Investment Fund Partnership (Limited Partnership).

XIAOMI-W (01810) achieved an income of approximately 108.922 billion yuan in the second quarter, a quarter-on-quarter increase of 9.9%. The investment in core technology research and development continues to strengthen.

Xiaomi Group-W (01810) announced its second quarter results for 2026, achieving revenue of approximately 108.922 billion yuan, a quarter-over-quarter increase of 9.9%. Gross profit was approximately 21.609 billion yuan, with a profit for the period of about 9.463 billion yuan, a quarter-over-quarter increase of 99.9%; adjusted net profit was approximately 6.219 billion yuan, a quarter-over-quarter increase of 2.4%.

TIANLI HOLDINGS (00117) issues a profit warning, expecting a mid-term loss attributable to shareholders not exceeding 5.8 million yuan.

Tianli Holding Group (00117) announced that the Group expects that the shareholders' attributable loss for the six months ending June 30, 2026, will not exceed RMB 5.8 million, while the loss for the six months ending June 30, 2025, was RMB 33.8 million.

GHW INTL (09933) issues a positive profit alert, expecting mid-term net profit to increase by 25 million to 35 million yuan compared to the same period last year.

GHW INTL (09933) announced that based on the Board's recent preliminary review of the unaudited consolidated management accounts of the Group for the six months ending June 30, 2026 (the "Period") and other information currently available to the Board, the Group expects to achieve a net profit ranging from RMB 25 million to RMB 35 million during this Period, compared to a net profit of approximately RMB 7.9 million for the six months ending June 30, 2025.

CHANGMAO BIO (00954) announced its interim results, with a loss attributable to shareholders of 4.932 million yuan, a decrease of 80.88% year-on-year.

Changmao Biological (00954) announced its interim results for the six months ending June 30, 2026, with revenue amounting to 290 million yuan, an increase of 6.34% year-on-year; the loss attributable to the company's shareholders for the period was 4.932 million yuan, a decrease of 80.88% year-on-year; loss per share was 0.009 yuan.

Hesai (02525) released its Q2 financial report: over 10,000 power modules delivered, and the spatial intelligence platform received orders from embodiment companies.

On August 18, Hesai Technology (HSAI.US; 02525) announced its unaudited financial results for the second quarter of 2026.

QIAN XUN TECH (01640) announced mid-term results with a net loss of approximately 123 million yuan, turning from profit to loss year-on-year.

Qianxun Technology (01640) announced its interim results for 2026, with revenue of approximately 243 million yuan, a year-on-year decrease of about 62.4%; a net loss of approximately 123 million yuan, transitioning from profit to loss year-on-year; and a loss per share of 21.8 cents.

KA SHUI INT'L (00822) issued a profit warning, expecting a net loss attributable to shareholders of no more than HK$60 million for the first half of the year, an increase compared to the same period last year.

Jia Rui International (00822) announced that the Group expects to incur a net loss attributable to equity holders of the Company of no more than HKD 60 million for the six months ending June 30, 2026, compared to a net loss of approximately HKD 39.4 million for the same period in 2025.

WEIMOB INC (02013) released its mid-term results, achieving revenue of 869 million yuan, an increase of 12.1% year-on-year. It continues to solidify its leading position in the Tencent channel and intensifies its multi-platform strategy.

Weimob Group (02013) released its performance report for the six months ended June 30, 2026, during which the group achieved revenue of 869 million RMB, an increase of 12.1% year-on-year; the loss attributable to equity holders of the company was 157 million RMB; the basic loss per share was 0.04 RMB.

Fuyao Glass Industry Group (03606) released its mid-term performance report, with a profit attributable to shareholders of 3.97 billion yuan, a year-on-year decrease of 17.37%.

Fuyao Glass Industry Group Co., Ltd. (03606) announced its interim results for the six months ended June 30, 2026. The group achieved revenue of RMB 21.971 billion, a year-on-year increase of 2.44%. The profit attributable to the owners of the company for the period was RMB 3.97 billion, a year-on-year decrease of 17.37%. Basic earnings per share were RMB 1.52. It is proposed to distribute an interim dividend of RMB 1 per share for 2026.

CHI P ENERGY (08117) announced its interim results, with a loss attributable to shareholders of HKD 8.396 million, an increase of 0.6% year-on-year.

China Resources Energy (08117) announced its performance for the six months ending June 30, 2026, reporting revenue of HKD 112 million, a year-on-year increase of 0.4%; the loss attributable to owners of the company was HKD 8.396 million, a year-on-year widening of 0.6%; basic loss per share was HKD 0.008.

Fuyao Glass Industry Group (03606) will distribute an interim dividend of 1 yuan per share on November 6.

Fuyao Glass (03606) announced that the company will distribute an interim dividend of 1 yuan per share on November 6, 2026.

The global bond market is under pressure again! Investors are demanding higher risk premiums, and the yield of the issuance of 30-year German government bonds is expected to hit a 15-year high.

As investors demand higher compensation for financing a government that is burdened with rising debt and still grappling with inflation, Germany is expected to face its highest financing costs in 15 years during a large-scale long-term bond issuance.

DAPHNE INT'L (00210) released its interim results, with a profit attributable to shareholders of 49.345 million yuan, a year-on-year decrease of 23.71%.

Daphne International (00210) announced its interim results for the six months ending June 30, 2026. The group achieved operating revenue of RMB 179 million, a year-on-year decrease of 9.64%. The profit attributable to shareholders was RMB 49.345 million, a year-on-year decrease of 23.71%. The basic earnings per share were RMB 0.025.

PONY-W (02026) has released its interim results, with total revenue of $70.47 million, an increase of 98.88% year-on-year.

Pony.ai-W (02026) announced its interim results for the six months ending June 30, 2026, with total revenue of $70.47 million, an increase of 98.88% year-on-year; the net loss attributable to Pony.ai Inc. was $110 million, an increase of 14.74% year-on-year.

CAI CORP (00080) released its interim results, reporting a net loss of HKD 61.307 million, a year-on-year increase of 1309.6%.

CAI Holdings (00080) announced its results for the six months ending June 30, 2026, with revenue of HKD 158,500, a year-on-year increase of 1480.9%; a net loss of HKD 61,307,000, a year-on-year increase of 1309.6%; and a basic loss per share of HKD 0.029.

Has the Asian stock market peaked? With U.S. Treasury yields surging, historically, in 17 out of 20 instances, the Asia-Pacific stock market has declined.

The rapid rise in U.S. Treasury yields is becoming one of the biggest risks to the AI-driven stock market rally in Asia, highlighting the vulnerability of tech companies to high borrowing costs.

HBM HOLDINGS-B (02142): The clinical trial application for the new drug HBM7004 for the treatment of advanced solid tumors has been approved by the National Medical Products Administration.

Heptacure Pharmaceuticals-B (02142) announced that the clinical trial (IND) application for HBM7004, a novel B7H4xCD3 bispecific antibody for the treatment of advanced solid tumors, has been approved by the National Medical Products Administration of China. This marks another progress following the groups receipt of the U.S. Food and Drug Administration (FDA) approval to initiate the first human Phase I clinical trial of its IND application in the United States.

PA GOODDOCTOR (01833) released its interim results, with a net profit attributable to shareholders of 219 million yuan, an increase of 63.5% year-on-year. The GMV of the company's healthcare management business exceeded 1.79 billion yuan.

Ping An Good Doctor (01833) announced its unaudited interim results for the six months ending June 30, 2026. The group achieved revenue of RMB 2.484 billion, a year-on-year decrease of 0.7%; net profit attributable to the owners of the company was RMB 219 million, representing a year-on-year increase of 63.5%; basic earnings per share were RMB 0.07.

The Hong Kong Stock Exchange will optimize the compilation plan for the Technology 100 Index, effective from September 14.

The optimized index compilation plan and related constituent stock adjustments will be implemented after the market closes on September 11, 2026, and will take effect on September 14, 2026.

HAITONG UT (01905) will distribute an interim dividend of 0.42 yuan for every 10 shares on November 18.

Haitong Unicom (01905) announced that the company will distribute a mid-term dividend of 0.42 RMB per 10 shares on November 18, 2026.

BINHAI TEDA (08348) announced its interim results, with a profit attributable to shareholders of 173,000 yuan, a decrease of 82.1% year-on-year.

Binhai Teda Logistics (08348) announced its results for the six months ended June 30, 2026, reporting revenue of 473 million yuan, a year-on-year decrease of 61.1%; the profit attributable to owners of the company was 173,000 yuan, a year-on-year decline of 82.1%; basic earnings per share were 0.05 cents.

The shadow of geopolitical uncertainty looms, with 94% of North American funds hedging foreign exchange risks reaching a four-year high.

The proportion of fund managers in the United States and Canada choosing to engage in foreign exchange hedging has risen to 94%, reaching the highest level in at least four years.

HAITONG UT (01905) announced its interim results, reporting a profit of 596 million yuan, a decrease of 24.1% year-on-year.

Haitong Hengxin (01905) announced its mid-term results for 2026, reporting a total revenue of RMB 2.772 billion, a year-on-year decrease of 16.1%; the profit for the period was RMB 596 million, a year-on-year decrease of 24.1%; basic earnings per share were RMB 0.07; a mid-term dividend of RMB 0.42 for every 10 shares is proposed.

BATELAB (02149) announces a profit warning, expecting a net profit of approximately 100 million to 108 million yuan in the first half of the year, representing a year-on-year growth of about 30% to 40%.

Beckwei (02149) announced that the group expects to achieve revenue of approximately 321 million to 335 million yuan in the first half of 2026, representing a year-on-year growth of approximately 10% to 15%; net profit is expected to be around 100 million to 108 million yuan, a year-on-year increase of approximately 30% to 40%.

WULING MOTORS (00305) expects a mid-term net profit of approximately 63 million yuan.

Wuling Motors (00305) announced that it expects the Group to achieve a net profit of approximately RMB 63 million for the six months ending June 30, 2026, representing a decrease of about 27% compared to the net profit of RMB 85.809 million for the six months ending June 30, 2025; and the Company expects to achieve a profit attributable to equity holders of approximately RMB 26 million for the six months ending June 30, 2026, a decrease of about 34% compared to the profit attributable to equity holders of RMB 39.416 million for the six months ending June 30, 2025.

HING LEE (HK)(00396) announced its interim results, reporting a loss attributable to shareholders of HK$1.643 million, turning from profit to loss compared to the same period last year.

Hing Lee (Hong Kong) Holdings (00396) announced its performance for the six months ended June 30, 2026. During the period, the group recorded a turnover of HKD 30.402 million, a 39.73% decrease year-on-year; the loss attributable to equity holders of the company was HKD 1.643 million, turning from a profit to a loss compared to the same period last year; basic loss per share was HKD 0.2 cents.

Jiangsu Lopal Tech. Group (02465) plans to increase its investment in Changzhou Lithium Source by 1.4 billion yuan.

Longpan Technology (02465) announced that on August 18, 2026, the company, Changzhou Liyuan (a non-wholly-owned subsidiary of the company), and the shareholders of Changzhou Liyuan signed a capital increase agreement. According to the agreement, the company has agreed to invest RMB 1.4 billion in Changzhou Liyuan to subscribe for approximately RMB 195 million of the newly increased registered capital of Changzhou Liyuan, which will account for 17.86% of Changzhou Liyuan's total registered capital after the capital increase. The remaining portion will be included in Changzhou Liyuan's capital reserves, and the shareholders of Changzhou Liyuan have agreed to waive their preemptive rights related to the capital increase.

HK & CHINA GAS (00003) will distribute an interim dividend of HKD 0.12 per share on September 11.

Hong Kong and China Gas Co. Ltd. (00003) announced that it will distribute an interim dividend of HK$0.12 per share for the six months ending June 30, 2026, on September 11, 2026.

FRIENDTIMES (06820) announced its interim results, reporting a profit of 70.859 million yuan, an increase of 74.05% year-on-year.

Friendship Time (06820) announced its interim results for the six months ending June 30, 2026. The group recorded revenue of 599 million yuan, a year-on-year decrease of 3.8%; the profit for the period was 70.859 million yuan, a year-on-year increase of 74.05%; earnings per share were 0.03 yuan.

GALA TECH HOLD (02458) issued a positive profit forecast,1.381.47157%174%

Wangchen Technology Holdings (02458) announced that the group expects to record revenue of RMB 573 million to RMB 608 million for the six months ending June 30, 2026, representing an increase of approximately 22% to 29% compared to the same period in 2025; the profit for the period is expected to be RMB 138 million to RMB 147 million, reflecting an increase of approximately 157% to 174% compared to the same period in 2025.

Hong Kong: The mid-2026 population estimate is 7.5183 million, a slight increase of 0.3% compared to last year.

The provisional population figure for Hong Kong in mid-2026 is 7,518,300. Compared to the mid-2025 population of 7,498,900, this represents an increase of 19,400 people, or a growth rate of 0.3%.

TONGTONG AI SOC (00628) issues a profit warning, expecting a mid-term attributable profit of approximately 50 million to 56 million yuan.

Tongtong AI Social (00628) announced that the group expects to record a profit attributable to the companys owners for the six months ending June 30, 2026, of approximately RMB 50 million to RMB 56 million, while for the six months ending June 30, 2025, the profit attributable to the companys owners was approximately RMB 31.9 million.

HK & CHINA GAS (00003) announced its interim results, with profit attributable to shareholders increasing by 23% year-on-year to HK$3.64 billion, and an interim dividend of 12 HK cents per share.

Hong Kong and China Gas (00003) announced its interim results for 2026, with revenue of HK$29.526 billion, a year-on-year increase of 7.31%; profit attributable to shareholders grew by 23% year-on-year to HK$3.64 billion, with basic earnings per share of HK$0.195 and an interim dividend of HK$0.12 per share.

China United Network Communications (00762) achieved a customer complaint resolution satisfaction rate of 96% in June.

China Unicom (00762) announced that by June 2026, the cumulative number of connected users reached 1.311 billion, including: a cumulative number of 5G network users reaching 249 million and a cumulative number of IoT terminal connections reaching 773 million. The number of major customers in the Unicom cloud for government and enterprise reached 491,000, and the number of paying users for cloud intelligence products reached 116 million. In the current month, the proportion of smart customer service intelligent services was 85.9%, and the customer satisfaction rate for issue resolution was 96%. The number of major customers in security business for government and enterprise reached 477,000.

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