Hong Kong Stock Announcement Highlights: Legend Holding's First-Half Net Profit Surges 219% to RMB 2.23 Billion, with All Three Business Segments Posting Double-Digit Revenue Growth

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9 hours ago

Key updates: Abbisko Therapeutics Co Ltd (02256) has completed dosing of the first patient in a Phase I clinical trial for its novel pan-KRAS inhibitor, ABSK211. Sino Biopharmaceutical Ltd (01177) presented Phase I data for KYLO-11, an "LPA siRNA" candidate, at ESC 2026 and in The Lancet. Hutchmed (China) Ltd (00013) announced that its SANOVO study, evaluating the combination of Orpathys and Tagrisso in treatment-naive Chinese patients with MET-overexpressing EGFR-mutant lung cancer, demonstrated significant progression-free survival benefits. SciClone Pharmaceuticals (Holdings) Ltd (01672) has enrolled the first subject in a global Phase III program for ASC30, an oral once-daily small-molecule GLP-1 receptor agonist intended for long-term weight management.

Minieye Technology Co Ltd (02431), through its subsidiary Yaoxing Power, has secured RMB 240 million in additional capital to advance physical AI and unmanned vehicle commercialization. Tianji Holding Ltd (01520) plans to establish a joint venture with Gauss Technology in Hong Kong to expand into artificial intelligence and continuous learning sectors. Wing Yip International Ltd (01218) intends to sell all equity in Success Active Limited for HKD 529 million. Shandong Xinhua Pharmaceutical Co Ltd (00719) has received a drug registration certificate for dapoxetine hydrochloride tablets. CSPC Pharmaceutical Group Ltd (01093) has initiated the first research center in China for a Phase II clinical trial of SYH2069 injection, targeting weight management in overweight or obese adults.

Financial results: Industrial and Commercial Bank of China Ltd (01398) posted interim results with net profit attributable to shareholders of RMB 173.682 billion, up 3.32% year-on-year. TCL Electronics Holdings Ltd (01070) reported interim earnings with net profit attributable to shareholders of HKD 1.529 billion, a 40.2% increase, reflecting continued progress in its globalization and premiumization strategy. SF Intra-city Holding Ltd (09699) announced interim results with net profit of approximately RMB 349 million, surging 154.9% year-on-year. Bank of Communications Co Ltd (03328) recorded interim net profit attributable to shareholders of RMB 47.874 billion, up 4.04%. Haiqing Zhiyuan Ltd (01392) achieved revenue of RMB 410 million in the first half, an 84.45% increase. SF Holding Co Ltd (06936) generated interim revenue of RMB 155.506 billion, a 5.89% year-on-year rise.

Meituan (03690) reported second-quarter adjusted net profit of approximately RMB 2.524 billion, up 69% year-on-year. Agricultural Bank of China Ltd (01288) posted interim net profit attributable to shareholders of RMB 146.381 billion, a 4.93% increase. Miniso Group Holding Ltd (09896) announced interim results with profit attributable to shareholders of RMB 962 million, up 6.1%. Bank of China Ltd (03988) reported interim profit after tax attributable to shareholders of RMB 123.594 billion, a 5.1% year-on-year increase. Bank of China (Hong Kong) Ltd (02388) posted interim profit attributable to shareholders of HKD 23.739 billion, up 7.13%. ShiMao Services Ltd (00873) achieved interim revenue of RMB 3.35 billion, with community value-added services revenue climbing 2.2% to RMB 551 million. Yuexiu Property Co Ltd (00123) posted interim revenue of RMB 36.65 billion and contracted sales of RMB 50.51 billion, ranking eighth nationally, while maintaining all-green status on the "Three Red Lines" metrics.

China Galaxy Securities Co Ltd (06881) reported interim net profit attributable to shareholders of RMB 7.797 billion, up 20.18% year-on-year. Dida Chuxing Technology Co Ltd (02559) saw improving profitability in its core business during the first half of 2026, alongside continued growth in users and vehicle owners. Postal Savings Bank of China Co Ltd (01658) posted interim net profit attributable to shareholders of RMB 51.503 billion, a 4.62% year-on-year increase.

China Construction Bank Corp (00939) reported interim net profit attributable to shareholders of RMB 169.564 billion, up 4.62%. Legend Holding Corp (03396) achieved first-half net profit attributable to shareholders of RMB 2.23 billion, a substantial 219.03% year-on-year increase, with double-digit revenue growth across all three business segments. BYD Electronic International Co Ltd (00285) posted interim profit attributable to shareholders of RMB 426 million, down 75.35% year-on-year. Sunshine Insurance Group Co Ltd (06963) announced interim net profit attributable to shareholders of RMB 4.694 billion, up 38.5%. China Merchants Bank Co Ltd (03968) recorded interim net profit attributable to shareholders of RMB 76.445 billion, a 2.02% year-on-year increase.

PICC Property and Casualty Co Ltd (02328) reported interim net profit of RMB 32.284 billion, up 32% year-on-year. China Reinsurance Group Corp (01508) posted interim net profit attributable to shareholders of RMB 7.187 billion, a 15.11% increase. China Minsheng Bank Co Ltd (01988) reported interim net profit attributable to shareholders of RMB 19.537 billion, down 8.62% year-on-year. Midea Group Co Ltd (00300) generated total operating revenue of RMB 261.05 billion in the first half, up 3.5%, with a cash dividend of RMB 5 per 10 shares. People's Insurance Company of China Ltd (01339) posted interim net profit attributable to shareholders of RMB 37.451 billion, a substantial 40.42% year-on-year increase. Tiangong International Co Ltd (00826) reported interim profit attributable to shareholders of RMB 226 million, up 11.2%.

Hantianchengcheng Ltd (02726), a global leader in silicon carbide epitaxial wafers, delivered robust earnings growth, capitalizing on the AI data center development opportunity. Zhen Health Medical Ltd (02697) released its first interim results, with revenue surging over 30-fold year-on-year as its puncture surgery robot accelerates commercialization. China XLX Fertiliser Ltd (01866) reported first-half net profit attributable to shareholders of RMB 921 million, up 53.64% year-on-year, supported by the successful ramp-up of new capacity.

China Resources Land Ltd (01109) posted interim profit attributable to shareholders of RMB 9.84 billion, with contracted property sales reaching RMB 116.5 billion, ranking third in the industry. PetroChina Co Ltd (00857) reported interim net profit attributable to shareholders of RMB 103.936 billion, up 22% year-on-year.

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