Key Earnings Reports: PICC, Guotai Haitong, and Others Post Profit Growth in First Three Quarters

Stock News
10/30

**Key Highlights**

1. **China Yangtze Power (600900.SH)**: Q1-Q3 revenue reached RMB 65.741 billion (-0.89% YoY), with net profit attributable to shareholders at RMB 28.193 billion (+0.60% YoY). Q3 revenue fell 7.86% YoY to RMB 29.044 billion, while net profit dropped 9.16% to RMB 15.137 billion. Parent company China Three Gorges Group increased its stake by 90.7038 million shares via centralized bidding, totaling RMB 2.531 billion.

2. **BYD (002594.SZ)**: Q1-Q3 revenue rose 12.75% YoY to RMB 566.266 billion.

3. **PICC (601319.SH)**: Q3 revenue grew 11.1% YoY to RMB 196.976 billion, with net profit surging 48.7% to RMB 20.292 billion. For Q1-Q3, revenue climbed 10.9% to RMB 520.99 billion, and net profit jumped 28.9% to RMB 46.822 billion, driven by investment gains and high-quality development initiatives.

4. **Wuliangye (000858.SZ)**: Q3 revenue plummeted 52.66% YoY to RMB 8.174 billion, with net profit down 65.62% to RMB 2.019 billion. The liquor industry’s downturn and weaker demand impacted performance.

5. **Yanghe Brewery (002304.SZ)**: Q3 net loss hit RMB 369 million amid declining sales revenue (-34.26% YoY for Q1-Q3).

6. **Guotai Haitong (601211.SH)**: Post-merger with Haitong Securities, Q1-Q3 revenue soared 101.6% YoY to RMB 45.892 billion, with net profit up 131.8% to RMB 22.074 billion, fueled by expanded business scale and higher investment income.

7. **Muyuan Foods (002714.SZ)**: Q1-Q3 net profit rose 41.01% YoY to RMB 14.779 billion despite Q3 declines in revenue (-11.48%) and profit (-55.98%).

8. **360 Security (601360.SH)**: Narrowed Q1-Q3 net loss to RMB 122 million (vs. RMB 579 million loss YoY), with Q3 turning profitable at RMB 160 million.

9. **CSC Financial (601066.SH)**: Q3 net profit surged 79.21% YoY to RMB 2.58 billion on higher investment and fee income.

10. **COSCO SHIPPING Holdings (601919.SH)**: Q1-Q3 net profit fell 29% YoY to RMB 27.07 billion due to lower container shipping rates (CCFI down 39.49% YoY in Q3).

**Other Notable Updates** - **SF Holding (002352.SZ)**: Expanded share buyback plan to RMB 1.5–3 billion. - **BOE (000725.SZ)**: Q1-Q3 net profit up 39.03% on government subsidies and asset sales. - **Shannon Semiconductor**: Elected Huang Zewei as chairman. - **China Coal Energy**: Invested RMB 1 billion in a state-backed strategic emerging industry fund. - **DAAN Gene**: Approved divestment of listed equity holdings.

**Earnings Snapshot** - **SAIC Motor (600104.SH)**: Q3 net profit skyrocketed 644.88% YoY. - **China Life (601628.SH)**: Q3 net profit jumped 91.5% to RMB 126.873 billion. - **Luzhou Laojiao (000568.SZ)**: Q3 net profit down 13.07% amid sales decline. - **LONGi Green Energy (601012.SH)**: Q3 net loss of RMB 834 million.

**Corporate Actions** - **Risun Intelligent**: Major shareholder plans to sell up to 3% stake. - **Trina Solar**: Secured over 1GWh energy storage contract in Europe.

*Data sourced from public disclosures.*

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