**Key Corporate Developments:** * Insilico Medicine (03696) received clinical trial approval from the Center for Drug Evaluation for its Rentosertib inhalation formulation. * China Resources Land (01109) plans to spin off two shopping centers into public REITs for listing on the Shenzhen Stock Exchange. * Henlius Biotech (02696) received EU marketing authorization for its self-developed POHERDY®. * CGN Power (01816) intends to acquire a 46% stake in Cangnan Nuclear Power and a 51% stake in Cangnan Second Nuclear Power from its controlling shareholder for approximately RMB 8.347 billion. * Datang Power (00991) plans to invest RMB 5.1 billion to establish a joint venture for developing the Inner Mongolia Power to Jiangsu project. * Cornerstone Technologies (08391) entered into a strategic cooperation agreement for the Asia-Pacific region with XPeng.

**Financial Performance:** * Ping An Insurance (Group) Company of China, Ltd. (02318) reported first-quarter operating profit attributable to shareholders of RMB 40.78 billion, a year-on-year increase of 7.6%. * CNOOC (00883) announced first-quarter net profit attributable to shareholders of RMB 39.144 billion, up 7.06% year-on-year. * China Merchants Bank (03968) posted a first-quarter net profit attributable to shareholders of RMB 37.852 billion, a 1.52% increase compared to the same period last year. * China Petroleum & Chemical Corporation (00386) reported a first-quarter net profit attributable to shareholders of RMB 17.006 billion, surging 28.2% year-on-year. * China Pacific Insurance (Group) (02601) recorded a first-quarter net profit of RMB 10.041 billion, up 4.3% year-on-year. * BYD Company (01211) announced a first-quarter net profit attributable to shareholders of RMB 4.085 billion. * Yankuang Energy (01171) reported a first-quarter net profit attributable to shareholders of RMB 3.955 billion, a significant increase of 42.14% year-on-year. * SF Holding (06936) posted a first-quarter net profit attributable to shareholders of approximately RMB 2.526 billion, rising 13.05% compared to the prior year period.