GMT EIGHT - OPPORTUNITIES IN CHINA

US Stock Market Move | The Q3 financial report exceeded expectations comprehensively but still failed to satisfy the market's "appetite." Applied Materials (AMAT.US) saw a nearly 6% drop in early trading.

On Friday, Applied Materials (AMAT.US) fell nearly 6% in early trading, currently reported at $503.94.

US Stock Market Move | The largest issuance of dollar bonds in history has been completed, and Advanced Micro Devices (AMD.US) rose nearly 4% against the trend.

On Friday, Advanced Micro Devices, Inc. (AMD.US) rose nearly 4% in early trading, currently quoted at $500.37.

Expectations for a rate hike in the U.S. in September continue to cool! Retail sales and consumer confidence are weakening, and the market is betting that the probability of maintaining interest rates unchanged has risen to 71%.

As the latest retail sales and consumer confidence data from the United States weaken, market expectations for the Federal Reserve to continue raising interest rates in September further cool down.

A-shares Evening Highlights | July Financial Data Released, Here Comes the Latest Interpretation

July financial data released: the role of direct financing in supporting the market continues to strengthen, experts provide the latest interpretation.

Jinchuan International (02362) announced its interim results, with shareholders' profit attributable to shareholders reaching 47.816 million USD, a year-on-year increase of 766.07%.

Jinchuan International (02362) announced its interim results for 2026, reporting revenue of $460 million, an increase of 152.35% year-on-year; the profit attributable to owners of the company reached $47.816 million, up 766.07% year-on-year; basic earnings per share were 0.36 cents.

CNBM (03323) plans to increase its capital in China National Materials High-Tech.

China National Building Material (03323) announced that on August 14, 2026, China National Materials High-tech (an associate of the company and an indirect non-wholly-owned subsidiary of the parent company) entered into this capital increase agreement and supplemental agreement with the company, North New Building Materials (a subsidiary of the company), the General Institute of Building Materials (a subsidiary of the parent company), China United Investment (a subsidiary of the parent company), and other Party B, Party C, and Party D shareholders.

MIRAMAR HOTEL (00071) announces its interim results, with shareholders' profit attributable to them rising 3.0% year-on-year to HKD 332 million.

The Mandarin Oriental Hotel (00071) announced its mid-year results for 2026, with the group's revenue declining by 9.8% year-on-year to HK$1.168 billion; profit attributable to shareholders increased by 3.0% year-on-year to HK$332 million; basic earnings per share of HK$0.48. A mid-term dividend of HK$0.23 per share is proposed.

MIRAMAR HOTEL (00071) will distribute a mid-term dividend of HKD 0.23 per share on October 9.

Mirae Asset Hotel (00071) announced that it will distribute an interim dividend of HK$0.23 per share for the six months ending June 30, 2026, on October 9, 2026.

HEARTCARE-B (06609) plans to issue A-shares and be listed on the Sci-Tech Innovation Board of the Shanghai Stock Exchange.

Heartway Medical-B (06609) announced that the board of directors proposes to apply to the relevant regulatory authorities in China for the allocation and issuance of no more than 7,025,592 shares of the company's A-shares, as well as to apply to the Shanghai Stock Exchange for approval for the listing and trading of A-shares on the Sci-Tech Innovation Board.

BAIWANG CO (06657) issues a profit warning, expecting a net loss of approximately 25 million to 45 million yuan, a year-on-year shift from profit to loss.

Baiwang Co., Ltd. (06657) announced that the group expects to record (1) total revenue of approximately RMB 290 million to RMB 310 million for the six months ending June 30, 2026, compared to total revenue of RMB 348 million for the same period in 2025; (2) a net loss of approximately RMB 25 million to RMB 45 million, while the net profit for the same period in 2025 was RMB 3.6 million; and (3) an adjusted net loss of approximately RMB 20 million to RMB 40 million, while the adjusted net profit for the same period in 2025 was RMB 4.6 million.

US Stock Market Move | Tesla, Inc. (TSLA.US) is expected to unveil its "cool air propulsion" Roadster this month, and the stock rose over 3% at one point.

On Friday, Tesla (TSLA.US) surged more than 3% at the start of trading, marking a cumulative increase of 15% since the low at the end of July, currently trading at $344.30.

PETRO-KING (02178) announced its interim results, reporting a loss attributable to shareholders of 35.325 million Hong Kong dollars, an increase of 199.54% year-on-year.

Baiqin Oil Services (02178) announced its interim results for the six months ending June 30, 2026, with the group reporting revenue of HK$48.125 million, a decrease of 56.75% year-on-year; the loss attributable to the company's owners amounted to HK$35.325 million, an increase of 199.54% year-on-year; loss per share was HK$0.0205.

US Stock Market Move | Broadcom Inc. (AVGO.US) fell as much as 5%, making it the largest decliner among S&P 500 components.

As of the time of publication, the stock has dropped by 4.75%, trading at $398.05.

YUEYUN TRANS (03399) released its interim results, with a net profit attributable to shareholders of 171 million yuan, an increase of 20% year-on-year.

Yueyun Transportation (03399) announced its interim results for 2026, reporting a revenue of 3.738 billion yuan, a year-on-year decrease of 1%; net profit attributable to shareholders of the parent company was 171 million yuan, an increase of 20% year-on-year; basic earnings per share were 0.21 yuan.

U.S. consumer confidence declined for the first time in three months in August, with the one-year inflation expectation rising to 4.3%.

In August, U.S. consumer confidence declined for the first time in three months, as households grew increasingly concerned about the deteriorating business environment and rising prices. Consumers' outlook on both the short-term and long-term prospects of the U.S. economy has weakened.

HK CHINESE LTD (00655) issued a profit warning, expecting a mid-term comprehensive loss attributable to shareholders of approximately HKD 450 million, turning from profit to loss year-on-year.

Hong Kong Chinese Limited (00655) announced that it expects the Group to record a loss of approximately HK$440 million from its share of joint ventures for the six months ending June 30, 2026 (the current period), compared to a profit of HK$189 million from its share of joint ventures for the six months ending June 30, 2025 (the prior period). The loss from the Group's joint ventures is mostly non-cash in nature and primarily comes from the losses of investments accounted for using the equity method in the OUE Group and impairment losses recognized on its investment in an entity accounted for using the equity method.

As of the end of July, the comprehensive net asset value per share of PROSP INV HOLD (00310) is approximately HKD 0.03.

Jiajin Investment International (00310) announced that the unaudited consolidated net asset value per share as of July 31, 2026, is approximately HKD 0.03.

JILIN CHANGLONG (08049) announced its interim results, with profit attributable to shareholders amounting to 123 million yuan, a year-on-year increase of 19.25%.

Jilin Changlong Pharmaceutical (08049) announced its interim results for 2026, reporting a revenue of 436 million yuan, a year-on-year decrease of 0.87%; the profit attributable to shareholders was 123 million yuan, a year-on-year increase of 19.25%; earnings per share were 21.92 cents.

Shenzhen Zhaowei Machinery & Electronics (02692) announced its mid-year results for 2026, reporting a net profit attributable to shareholders of 74.6457 million yuan, a year-on-year decrease of 34.1%.

Zhaowei Electromechanical (02692) released its 2026 semi-annual report, showing an operating income of 816 million yuan, a year-on-year increase of 3.80%; the net profit attributable to shareholders of the listed company was 74.6457 million yuan, a year-on-year decrease of 34.10%; the basic earnings per share were 0.30 yuan.

YAN PALACE (01497) will distribute an interim dividend of 2.17 yuan for every 10 shares on September 24.

Yanzhiyu (01497) announced that the company will distribute a mid-term dividend of 2.17 RMB for every 10 shares on September 24, 2026.

BOAN BIOTECH (06955): BA1302 (CD228 ADC) completes Phase Ia clinical research in China.

Bohua Biosciences (06955) announced that its independently developed innovative antibody-drug conjugate (ADC) targeting CD228, BA1302, has completed the single-agent dose escalation phase (Phase Ia) of the Phase I clinical trial in China. The study results indicate that BA1302 has demonstrated good anti-tumor activity in various patients with advanced solid tumors who have experienced disease progression after multiple lines of treatment, with overall good safety and tolerability.

BITSTRAT HLDGS (06113) issues a profit warning, expecting a mid-term loss of no less than approximately 6.88 million ringgit, turning from profit to loss compared to the same period last year.

Bit Strategies (06113) announced that the Group expects to record a loss of no less than approximately 6.88 million Malaysian Ringgit for the six months ending June 30, 2026 (interim period), compared to a profit of approximately 4.6 million Malaysian Ringgit for the six months ending June 30, 2025 (previous period).

BOAN BIOTECH (06955) issued a profit warning, expecting a net loss attributable to shareholders of approximately 79 million to 89 million yuan for the interim period, a change from profit to loss compared to the same period last year.

The announcement from Bohan Biotech (06955) states that the group expects to incur a net loss attributable to equity holders of the company of approximately RMB 79 million to RMB 89 million for the six months ending June 30, 2026 (the reporting period), while for the six months ending June 30, 2025, the company achieved a net profit attributable to equity holders of approximately RMB 21 million.

C STRATEGIC TEC (01725) announces a profit warning, expecting that the profit attributable to shareholders in the first half will not be less than 100 million yuan.

China Technology Group (01725) announced that the Group expects to achieve a profit attributable to equity holders of the company of no less than RMB 100 million for the six months ending June 30, 2026, compared to a loss of approximately RMB 32.4 million for the same period in 2025. The turnaround from loss to profit is mainly attributed to a one-time gain of approximately RMB 197.8 million from the sale of a subsidiary.

US Stock Market Move | The drone concept stocks rose in early trading, with Unusual Machines (UMAC.US) up over 15%.

On Friday, drone concept stocks rose at the beginning of trading.

ASIA TELE-NET (00679) issues a profit warning, expecting a net loss of no more than HK$20 million in the first half of the year.

Asia Internet Technologies (00679) announced that the group expects to achieve revenue growth, increasing from HKD 237 million to HKD 424 million.

US Stock Market Move | Most optical communication concept stocks rose, with Lumentum (LITE.US) up more than 8.6%.

Most optical communication concept stocks have risen.

C CHENG HLDGS (01486) issued a profit warning, expecting a mid-term loss of approximately HKD 13 million to HKD 15 million, a turnaround from profit to loss compared to the same period last year.

Sicheng Holdings (01486) announced that the Group expects to record a loss of approximately HKD 13 million to 15 million for the six months ending June 30, 2026, compared to a profit of approximately HKD 51 million for the same period in 2025. This includes a one-time other income of approximately HKD 49 million recognized from the exercise of the usage right at no cost (i.e., the entire office floor of the building is used for the remaining term of the land use right).

BAGUIO GREEN (01397) issued a profit warning, expecting a mid-term post-tax profit between HKD 27 million and HKD 30 million, a decrease of approximately 54% to 49% compared to the same period last year.

Biyao Green Group (01397) announced that based on currently available information and a preliminary review of the Group's unaudited consolidated management accounts for the six months ending June 30, 2026 (the "Reporting Period"), the Group expects to achieve a post-tax profit of between HKD 27 million and HKD 30 million during the Reporting Period, representing a decrease of approximately 54% to 49% compared to HKD 58.8 million for the six months ended June 30, 2025 (the "Previous Period").

US Stock Market Move | Reddit (RDDT.US) will be included in the S&P 500 index and opened with a surge of over 13%.

On Friday, Reddit (RDDT.US) opened with a surge of over 13%, currently reported at $180.85.

YAN PALACE (01497) announced its mid-term results, with a profit attributable to shareholders of 107 million yuan, an increase of 42.72% year-on-year.

Yan Zhihua (01497) announced its interim results for the first half of 2026. The group achieved revenue of 1.182 billion yuan, an increase of 16.49% year-on-year; the profit attributable to equity shareholders reached 107 million yuan, a year-on-year increase of 42.72%; earnings per share stood at 0.24 yuan, and an interim dividend of 2.17 yuan per 10 shares is proposed.

US Stock Market Move | The storage sector rose collectively, with SanDisk (SNDK.US) up more than 5%.

On Friday, the storage sector rose collectively.

Spot gold rose 1% during the day and is currently priced at $4,394.83 per ounce.

HK TECH VENTURE (01137) issued a profit warning, expecting a loss of HKD 73 million to 83 million in the first half of the year.

Hong Kong Technology Exploration (01137) announced that, in the face of the increasingly fierce competitive environment in Hong Kong's retail and e-commerce markets, the Group will further strengthen its customer expansion and retail market share enhancement strategies in the first half of 2026.

"Terrifying data" adds fuel to the AI bull market? U.S. retail sales experience the largest decline in over a year, and interest rate hike expectations are hit hard again.

Due to a decrease in consumer shopping at online stores and car dealerships, U.S. retail sales saw the largest decline in over a year in July.

US stock market opened: Three major indices showed mixed results.

The Dow fell 0.11%, the S&P 500 rose 0.07%, and the Nasdaq climbed 0.16%. SanDisk rose 6.52%, 21st Century Fox increased by 4.13%, Western Digital was up 4.08%, Applied Materials fell 5.46%, and Strategy dropped 3.10%. As for the "Seven Sisters": Tesla rose 1.41%, Nvidia gained 0.71%, Meta Platforms increased by 0.66%, Apple rose 0.19%, Google was up 0.14%, Microsoft fell 0.21%, and Amazon dropped 0.21%.

NEW GONOW RV (00805) expects a net profit of approximately 6 million to 10 million yuan in the first half of the year.

Xinjiang Ao RV (00805) announced that for the six months ending June 30, 2026 (the first half of 2026), the group expects an unaudited net profit of approximately RMB 6 million to RMB 10 million, while the unaudited net profit for the same period in 2025 was approximately RMB 31 million.

RUICHANG INTL (01334) issued a profit warning, expecting a mid-term net loss of approximately 24.75 million yuan, narrowing compared to the same period last year.

Ruichang International Holdings (01334) announced that it expects the group to incur a net loss of approximately RMB 24.75 million for the six months ending June 30, 2026, a decrease of about 35% compared to the net loss of RMB 38.06 million for the six months ending June 30, 2025 (in the same period last year).

IDT INT'L (00167) released its interim results, reporting a net loss of HK$56.788 million, turning from profit to loss year-on-year.

IDT INT'L (00167) announced its interim results for the six months ending June 30, 2026, reporting revenue of approximately HKD 220 million, a year-on-year increase of 363.93%. The company reported a loss attributable to owners of HKD 56.788 million, reversing from profit to loss compared to the same period last year; the loss per share was HKD 0.1167.

TIANAN MEDICARE (00383) released its interim results, with profit attributable to shareholders reaching 47.361 million Hong Kong dollars, an increase of 295.37% year-on-year.

Tian Android Health (00383) announced its interim results for the six months ended June 30, 2026, with revenue of HKD 827 million, a year-on-year increase of 5.61%; profit attributable to shareholders was HKD 47.361 million, a year-on-year increase of 295.37%; basic earnings per share were HKD 0.0442.

ZHENGYE INT'L (03363) issues earnings forecast, expecting mid-term profits attributable to shareholders to be no less than 20 million yuan.

Zhengye International (03363) announced that the Group expects to achieve a net profit attributable to company owners of no less than RMB 20 million for the six months ending June 30, 2026, compared to approximately RMB 2.33 million for the six months ending June 30, 2025. This increase is primarily due to the recovery of prices in the Chinese packaging paper industry and improvements in the export market during the first half of 2026, which led to a year-on-year increase in the average selling price of the Group's corrugated core paper products. Additionally, the Group is conducting phased upgrades to the production lines in its papermaking division, optimizing various production costs, resulting in increased profitability for the papermaking division during the period.

Air China Limited (00753) saw a year-on-year increase of 11.2% in passenger turnover for July.

Air China (00753) announced that in July 2026, the group's combined passenger capacity input (measured by available seat kilometers) and passenger turnover (measured by revenue passenger kilometers) both increased year-on-year.

ZHONG JU INVEST (01959) issued a profit warning, expecting a consolidated loss attributable to shareholders of approximately 21.8 million yuan for the interim period, an increase compared to the same period last year.

Zhongju Investment (01959) announced that the Group expects to achieve revenue of approximately RMB 426 million for the six months ending June 30, 2026, compared to approximately RMB 454 million for the same six months ending June 30, 2025 (the previous year). The Group anticipates a consolidated loss attributable to the owners of the Company of approximately RMB 21.8 million for this period, an increase of 36% compared to the consolidated loss attributable to the owners of the Company of approximately RMB 16 million for the same period last year.

PARADISE ENT (01180) issues profit warning, expecting a mid-term loss of HKD 82.6 million, turning from profit to loss year-on-year.

Huicai Holdings (01180) announced that the group expects to record a loss of HKD 82.6 million for the six months ending June 30, 2026 (the reporting period), compared to a profit of HKD 178 million for the six months ending June 30, 2025 (the previous period), which included profits of HKD 29 million and HKD 149 million from continuing operations and discontinued operations, respectively.

SIRNAOMICS-B (02257) has submitted a summons to the court, accusing several former management members of the group, including Lu Yang, Dai Xiaochang, and Ye Yongji.

Sanofi Pharmaceuticals-B (02257) announced that on August 14, 2026, the company and its wholly-owned subsidiary Sanofi (Hong Kong) Limited (collectively referred to as the "Plaintiffs") have submitted a summons to the High Court of the Hong Kong Special Administrative Region (Court) (Case No.: HCA1427/2026), accusing several former members of the Group's management, including Dr. Lu Yang, Dr. Dai Xiaochang, and Mr. Ye Yongji (collectively referred to as the "Defendants").

S. DRAGON (08493) announced its mid-term results for 2026, with a net profit of HKD 19.822 million.

Zhi Long Holdings (08493) announced its performance for the six months ended June 30, 2026, with revenue of HK$4.333 million, a 54% decrease year-on-year; a net profit of HK$19.822 million, compared to a loss of HK$11.385 million in the same period last year; and basic earnings per share of 6.83 HK cents.

AUGROUP (02519) issued a profit warning, expecting the mid-term net profit attributable to shareholders to be between 27.15 million and 47.15 million yuan, a year-on-year decrease of 56.3% to 74.8%.

Aoji Co., Ltd. (02519) announced that based on a preliminary assessment of the Group's unaudited consolidated management accounts for the six months ended June 30, 2026 (the reporting period) and other existing information, the net profit attributable to the parent company during the reporting period is expected to be between RMB 27.15 million and RMB 47.15 million, representing a decline of approximately 56.3% to 74.8% compared to the same period in 2025. This expected decline is primarily affected by the following factors:

Longfor (00960) released its interim results forecast, expecting to achieve a net profit attributable to shareholders of 1.8 billion to 2.0 billion yuan.

On August 14, Longfor Group (00960) released its mid-term performance forecast for 2026.

Domestic futures night market opens.

Lithium carbonate increased by 3.30% continuously, palladium decreased by 3.25% continuously, polysilicon increased by 2.39% continuously, industrial silicon increased by 2.27% continuously, and platinum decreased by 1.79% continuously.

NEW CONCEPTS (02221) subsidiary Tianjin Tianchuang intends to invest 2 million yuan in Beijing Shengrui Zhichu Technology.

Chuangye Group Holdings (02221) announced that on August 14, 2026, its indirectly wholly-owned subsidiary Tianjin Tianchuang Investment Co., Ltd. (Tianjin Tianchuang), Shenzhen Manastech Venture Capital Management Co., Ltd. (Shenzhen Manastech), and Hebei Ruifeng Energy Technology Co., Ltd. (Hebei Ruifeng) entered into a capital injection agreement regarding the investment in Beijing Shengrui Zhichu Technology Co., Ltd. (the target company), a wholly-owned subsidiary of Hebei Ruifeng, with the aim of extending the group's existing industrial chain related to waste cooking oil (UCO) and new energy battery anode materials business.

Latest

1 m ago

The U.S. Securities and Exchange Commission (SEC) filings show that SoftBank Group increased its stake in Capital One Financial Corporation (COF.N), holding 276,811 shares.

2 m ago

Rokos imitates multi-strategy funds by extending the client full redemption period to three years.

5 m ago

Goolsbee seeks more evidence of inflation cooling.

7 m ago

Fed's Goolsbee: The CPI data is encouraging, but more data needs to be observed before making a judgment.

7 m ago

Federal Reserve's Goolsbee: If productivity continues to decline, it will change expectations related to artificial intelligence.

Seeking Coverage

Being Writer

Exploring Cooperation