Flash News

TREE NEWS reports: CITIC Securities reported third-quarter net profit of 7.679 billion yuan, down 20.19% year on year, while net profit for the first nine months of the year reached 31.022 billion yuan, up 32.66% year on year. The figures were disclosed in the brokerage’s earnings release.

TREE NEWS update: GigaDevice repurchased 72,600 of its A-shares on the Shanghai Stock Exchange on Oct. 26, 2026, representing 0.01% of total issued shares, at 275.80–278.16 yuan per share for a total of 20.0997 million yuan. The repurchased shares are intended for cancellation.

TREE NEWS reports: US equities closed mixed for the week ended Oct. 23, with the S&P 500 down 0.47% and the Nasdaq Composite down 0.71%, while the Dow rose 0.41% and the Russell 2000 gained 2.00%. Investors are shifting focus from AI growth expectations to returns on capital spending. Microsoft, Alphabet and Amazon report earnings this week, alongside a Federal Reserve rate decision and US third-quarter GDP and September PCE data.

TREE NEWS reports: SK Hynix is preparing to announce an additional shareholder return plan worth 50 trillion to 60 trillion won, following a completed 40 trillion won share buyback cancellation. The move brings the company’s total shareholder returns this year to a record 100 trillion won. SK Hynix plans to use record results driven by strong AI memory demand to pursue an aggressive return policy aimed at lifting its corporate value to a “globally top-tier” level.

TREE NEWS update: WuXi AppTec reported revenue of RMB45.54 billion for the first three quarters of 2026, up 38.6% year on year, with continuing-operations revenue up 46.3%. Profit attributable to shareholders of the parent reached RMB19.161 billion versus RMB11.802 billion a year earlier, and adjusted non-IFRS net profit came in at RMB18.3795 billion. The company raised its full-year revenue guidance to RMB61-61.9 billion from RMB58.5-60.5 billion, lifting the continuing-operations growth target to 40%-42% from 35%-39%.

TREE NEWS update: Zhongjin Irradiation reported net profit attributable to shareholders of 149 million yuan for the first three quarters of 2026, up 66.18% year on year, on revenue of 282 million yuan, up 1.34%. Third-quarter net profit reached 108 million yuan, up 349.17% year on year, while non-recurring net profit for the nine months fell 18.16% to 64.65 million yuan.

TREE NEWS reports: Li Ning reported that platform retail sell-through for the quarter ended Sept. 30, 2026 declined by a low single-digit percentage year on year, excluding Li Ning YOUNG. Offline channels fell by a mid single-digit rate, with directly operated retail flat and franchised wholesale down mid single digits, while the e-commerce virtual store business grew by a high single-digit rate.

TREE NEWS update: Lens Technology said its production lines for folding-phone structural components are running at full capacity with staff working overtime, and that it has sufficient capacity prepared to respond flexibly to growth in customer demand for this year and next. A company representative declined to comment on market reports that Apple raised supply-chain order volumes by 30%, saying only that the high-difficulty, high-value-added components are delivering a notable business increment.

TREE NEWS update: Huatai-PineBridge Fund, Ping An Fund and ChinaAMC have each reached the 2 billion yuan fundraising cap on their active ETFs and will close subscription early, people familiar with the matter said. The three follow Morgan Asset Management (China), E Fund and Fullgoal Fund, whose active ETFs sold out in a single day. The first batch of active ETFs is expected to list in late November.

TREE NEWS reports: Shares of US-listed neocloud companies fell broadly in pre-market trading, with Nebius, CoreWeave and Iren each dropping more than 4%. The declines hit the group of cloud providers that supply GPU compute capacity, including to AI and crypto-related workloads.

TREE NEWS update: XTC New Energy Materials will invest 723 million yuan ($100M) through its controlled subsidiary Ya’an XTC New Energy Materials to build a 40,000-ton-per-year lithium iron (manganese) phosphate project in Ya’an, Sichuan. The project includes 676 million yuan in fixed-asset investment and 46.53 million yuan in working capital, with an 18-month construction period and production targeted for June 2028. Upon completion, Ya’an XTC’s lithium iron (manganese) phosphate capacity will reach 120,000 tons per year.

TREE NEWS update: Guangzhi Technology announced that chairman and acting board secretary Hou Zhenfu, general manager Zhu Shibin, director Tong Peiyun, CFO Jiang Guidong and core staff member Xiao Yi collectively bought 59,600 shares, or 0.0428% of total share capital, for 13.18 million yuan via centralized bidding. Following the purchases, the group holds 980,900 shares, or 0.7049% of the company.

TREE NEWS update: Hong Kong Exchanges and Clearing will tighten the price limit on order input for all securities except structured products to five times the previous closing price, down from nine times, after the Securities and Futures Commission approved the exchange rule amendment. The change takes effect on Monday, November 2, 2026.

TREE NEWS reports: Petrobras shares fell more than 20% in US premarket trading, while Itaú Unibanco dropped over 27%. The sharp declines hit two of Brazil’s largest listed companies ahead of the US market open. No further details were provided.

TREE NEWS reports: US spot Bitcoin ETFs ended the week with $301 million in net inflows, breaking a two-week run of outflows. A strong three-day start to the week was followed by heavy withdrawals in the remaining sessions, leaving the group with a modest positive total.

TREE NEWS reports: Apple is testing a large foldable tablet device, described as a “giant foldable tablet” and designed with reference to Huawei’s MateBook Fold launched in August. Analyst Ming-Chi Kuo has forecast the foldable iPad will arrive in 2028 with an 18- to 20-inch unfolded display, using ultra-thin glass cover supplied exclusively by Corning, with GIS handling cutting, edge processing and inspection.

TREE NEWS reports: Hong Kong stocks closed mixed on the session, with the Hang Seng Index up 0.51% and the Hang Seng Tech Index down 0.36%. Energy names led gains: PetroChina rose about 6%, Sinopec gained about 4% and CNOOC climbed more than 3%.

TREE NEWS update: Huayi Group reported third-quarter 2026 revenue of RMB 13.853 billion, up 15.51% year on year, with net profit attributable to shareholders reaching RMB 156 million versus RMB 10.59 million a year earlier — a 1,372.69% increase. Non-recurring net profit was RMB 6.24 million, reversing a RMB 38.76 million loss. For the first nine months, revenue rose 7.09% to RMB 39.33 billion and net profit climbed 73.89% to RMB 1.01 billion.

TREE NEWS update: Zhangyuan Tungsten reported third-quarter revenue of 2.534 billion yuan, up 71.29% year-on-year, while net profit attributable to shareholders fell 55.65% to 33.27 million yuan. Basic earnings per share for the quarter were 0.03 yuan. For the first nine months, revenue reached 8.381 billion yuan, up 116.09%, and net profit rose 279.17% to 721 million yuan, with basic EPS of 0.6 yuan.

TREE NEWS reports: European equities opened mixed on the day, with the Euro Stoxx 50 up 0.07%, Germany’s DAX up 0.28% and France’s CAC 40 up 0.60%, while the UK’s FTSE 100 slipped 0.17%. The split open left the region’s benchmark gauges little changed overall as investors weighed the session’s start.