Flash News

TREE NEWS update: Tianqi Lithium said it expects net profit attributable to shareholders of RMB 5.1 billion to RMB 6.0 billion for the first three quarters of 2026, a year-on-year increase of 2,734.97% to 3,235.26%. The company forecast non-recurring net profit of RMB 5.03 billion to RMB 5.93 billion, up 6,957.09% to 8,219.79%. It attributed the jump mainly to a marked rise in average selling prices of its lithium products and sharply higher investment income from associate SQM.

TREE NEWS update: China Mobile reported shareholder profit of 106.2 billion yuan for the first three quarters of 2026, down 7.9% year on year. Operating revenue fell 1.8% to 780.3 billion yuan, with core business revenue down 3.7% to 657.7 billion yuan. EBITDA dropped 6.7% to 247.5 billion yuan, giving an EBITDA margin of 31.7%.

TREE NEWS update: Zhimingda signed a routine operating sales contract with Client A1 worth 49.275 million yuan (tax included), under which the client will purchase high-performance computing modules from the company. The contract is a day-to-day business transaction, the company disclosed.

TREE NEWS update: General Motors raised its full-year adjusted EPS guidance to $12.75-$13.75 from $12.00-$14.00, against a $13.10 market estimate, and lifted adjusted EBIT to $14.5-$15.5 billion. Third-quarter adjusted EPS came in at $3.70 versus $2.80 a year earlier and a $3.56 estimate, on net sales and revenue of $50.02 billion, up 2.9% year on year. GM shares fell more than 4% in premarket trading.

TREE NEWS update: General Electric raised its full-year adjusted earnings per share guidance to $8.00-$8.10 from a prior $7.65-$7.85, above the $7.92 market estimate. The company also lifted its adjusted free cash flow outlook to $9.1B-$9.4B and adjusted operating profit to $10.9B-$11.0B. Third-quarter adjusted EPS came in at $2.25 versus $1.66 a year earlier, beating the $2.01 estimate, on adjusted revenue of $13.29B, up 18% year over year.

TREE NEWS update: Montage Technology said it expects third-quarter 2026 revenue of about 2.079 billion yuan, up roughly 46.0% year on year, with net profit attributable to shareholders of 1.2-1.3 billion yuan, a rise of 153.6%-174.7%. Non-GAAP net profit is forecast at 950 million-1.05 billion yuan, up 152.6%-179.2%. The company attributed the growth to sharply higher DDR5 memory interface and module chip shipments and a rising share of third-, fourth- and fifth-generation DDR5 RCD chips.

TREE NEWS update: Qinhuangdao Port Co. plans to acquire minority stakes in four Caofeidian port companies from controlling shareholder Hebei Port Group through an issuance of A-shares plus cash, the company said in a filing. The targets are 25% of Tangshan Caofeidian Industrial Port, 24% of SDIC Caofeidian Port, 28.2328% of Huaneng Caofeidian Port and 6% of Tangshan Caofeidian Coal Port. It signed a letter of intent on Oct. 20, 2026, and its A-shares are suspended from Oct. 21 for up to 10 trading days.

TREE NEWS update: Kesen Technology has decided to suspend its plan to acquire a 53.26% stake in Huizhou Zhangu Technology for up to 500 million yuan, the company announced. The deal would have involved a capital increase of up to 210 million yuan for a 22.37% stake and the purchase of a 30.89% stake from He Dongping and Zhang Yingwu for up to 290 million yuan. Kesen said the target’s earnings are still ramping up, making it hard to justify the valuation, and that the deal may be terminated.

TREE NEWS update: Insta360 Innovation shares rose 8.97% to close at 102 yuan on Oct 20, touching an intraday high of 106 yuan, with turnover above 1.4 billion yuan and a market value of about 40.9 billion yuan. The company confirmed it provided 1.8 million yuan in December 2025 through its Think Bold challenge fund to blogger “Shenqi Ayu” to repay debt. A company official said the grant is creator support, not equity investment, and does not represent a move into the flying skateboard business.

TREE NEWS update: Dong’an Power said in a stock-trading risk notice on Oct. 20 that its flying-car business generated no revenue in the first nine months of 2026, after media outlets labeled the company a flying-car concept stock. The company’s shares closed limit-up on three trading days between Oct. 16 and Oct. 20, though Dong’an Power said its fundamentals have not changed materially.

TREE NEWS reports: Goldman Sachs upgraded China Merchants Shekou Industrial Zone Holdings to Buy with a 12-month target price of 9.80 yuan per share. The rating change, issued by the US investment bank, applies to the Shenzhen-listed property developer. The note did not disclose further terms or rationale in the material provided.

TREE NEWS update: Dongfeng Motor Group and China North Industries Group (Norinco) plan a two-way share swap of listed subsidiaries valued at 727 million yuan ($100 million). A person familiar with the matter said the transactions amount to an exchange of equity between the two state-owned groups, will not change control of the listed companies and will have essentially no material impact on their main businesses.

TREE NEWS update: Hongchang Electronics said its wholly owned subsidiary Zhuhai Hongren Electronic Materials plans to sign an investment agreement with the Zhuhai Economic and Technological Development Zone to build a high-end copper clad laminate and prepreg project. The investment is at least about RMB 800 million, including at least about RMB 700 million in fixed assets. Once ramped, the project will add annual capacity of 10.8 million high-end copper clad laminate sheets and 24 million meters of prepreg, targeting AI servers, data centers and high-end consumer electronics.

TREE NEWS update: BlackRock filed for the iShares Bitcoin Managed Protection ETF, which would use options on its existing IBIT fund to limit losses in exchange for giving up some upside. The filing came as IBIT drew $665 million in a single day.

TREE NEWS update: Haisco Pharmaceutical Group announced it expects net profit attributable to shareholders of 1.32 billion to 1.40 billion yuan for the first three quarters of 2026, up 297.02% to 321.08% year on year. Non-recurring net profit is projected at 1.22 billion to 1.30 billion yuan, a rise of 250.27% to 273.24%. The company cited rapid growth in domestic sales of innovative drugs and upfront payments from several outbound licensing deals. The forecast is unaudited.

TREE NEWS update: Fuyao Glass reported third-quarter 2026 revenue of RMB 12.152 billion, up 2.51% year on year, while net profit attributable to shareholders fell 9.87% to RMB 2.036 billion. Non-recurring net profit came in at RMB 2 billion, down 9.71%. For the first nine months of 2026, revenue rose 2.46% to RMB 34.123 billion, but net profit dropped 14.97% to RMB 6.006 billion.

TREE NEWS update: Sinopharm Group Co. reported third-quarter net profit attributable to shareholders of 596 million yuan, up 9.7% year on year, on revenue of 13.878 billion yuan, up 0.95%. For the first nine months, revenue rose 3.11% to 40.606 billion yuan while net profit fell 1.07% to 1.476 billion yuan.

TREE NEWS reports: Indonesian stocks rose 5% after the government took steps to address the risk of an MSCI downgrade. The move follows concerns that index provider MSCI could lower Indonesia’s market classification, prompting authorities to act. No further details on the specific measures were given.

TREE NEWS update: SpaceX will report third-quarter 2026 financial results after the U.S. market close on Oct. 20, with a call at 4:30 p.m. ET, its second quarterly report since its June 2026 IPO. Wall Street expects revenue of about $12.7 billion to $12.9 billion, up from $7.81 billion in the second quarter. Investors will focus on AI infrastructure revenue, Starlink growth and heavy capital spending.

TREE NEWS reports: Hong Kong’s Hang Seng Index closed 1.32% lower and the Hang Seng Tech Index fell 1.52% on the session. Among the biggest decliners, Manycore Tech dropped about 25%, Lenovo Group about 10%, Zijin Gold International about 9%, GDS about 7% and CATL about 7%.