Duan Yongping and his controlled entity, H&H International, LLC, have reported a combined holding of 76.3716 million shares in POP MART (09992), representing 5.69% of the issued voting shares as of May 25. Based on POP MART's total market capitalization of HKD 206.8 billion on May 27, the stake held by Duan and his concert parties is valued at approximately HKD 11.777 billion. H&H International Investment's overall portfolio comprises 19 companies, including Apple, Berkshire Hathaway, NVIDIA, and Pinduoduo. As of the end of Q1 2026, Apple remained the top holding, accounting for 36.72% of the portfolio with a market value of USD 7.346 billion. Berkshire Hathaway constituted 21.91% of the portfolio, valued at USD 4.384 billion. During Q1 2026, Duan increased positions in NVIDIA, Pinduoduo, and Berkshire Hathaway, and initiated a new position in Tesla. Concurrently, he reduced holdings in Apple and Occidental Petroleum and exited positions such as Alibaba.

Overnight, U.S. stock markets closed higher. The Dow Jones Industrial Average rose 182.6 points, or 0.36%, to 50,644.28. The S&P 500 gained 1.24 points, or 0.02%, to 7,520.36. The Nasdaq Composite increased by 18.55 points, or 0.07%, to 26,674.73. TSMC's stock price rose over 2% to a record high amid reports of a 15% price increase for its 3nm process in the second half of the year, with a potential further 10% hike next year. Space-related stocks generally advanced, with AST SpaceMobile up over 8% and Viasat gaining over 5%. Memory chip stocks continued their rally, with Micron Technology up over 3%. Most popular Chinese ADRs rose, with the Nasdaq Golden Dragon China Index up 1.05%. NIO surged over 9%. The Hang Seng Index ADR, calculated proportionally, closed at 25,483.37 points, up 155.14 points or 0.61% from the Hong Kong close. NYMEX WTI crude oil for the front-month contract fell USD 4.48, or 4.77%, to USD 89.41 per barrel. COMEX gold for the front-month contract dropped USD 46.50, or 1.03%, to USD 4,488.5 per ounce.

TENCENT (00700) announced that its self-developed video codec chip series, "Canghai," achieved first place across all evaluation metrics, including SSIM, PSNR, and VMAF, at all speed presets from 30 to 240 fps at a hardware video encoding competition held at Moscow State University (MSU). The results reportedly set a new benchmark for hardware codec compression rates, leading in multiple metrics by over 30%. Furthermore, the next-generation Canghai V2 chip, building on the scale deployment of V1, has been successfully activated and entered its mass production cycle. It is planned to be fully operational and provide services in the second half of 2026.

Pharmaron (03759) announced its intention to invest approximately RMB 2 billion to establish a new commercial drug production and CDMO R&D and manufacturing service base in Qiantang District, Hangzhou. The company signed an investment agreement for the Hangzhou project with the Qiantang District Investment Promotion Service Center on May 27, 2026.

Kingsoft Cloud (03896) reported Q1 2026 results with total revenue reaching approximately RMB 2.704 billion, a year-on-year increase of 37.2%. Adjusted gross profit was RMB 350 million, up 7.2% year-on-year. Non-GAAP EBITDA was RMB 747.5 million, a surge of 134.69% year-on-year. Net cash generated from operating activities was approximately RMB 534 million, turning significantly positive.

RoboSense (02498) announced that for Q1 2026, the group achieved revenue of approximately RMB 459 million, a year-on-year increase of 39.93%. Gross profit was RMB 99.601 million, up 29.34% year-on-year. Loss attributable to owners of the company narrowed by 35.51% to RMB 64.224 million. During Q1 2026, sales volumes for the group's LiDAR products, LiDAR products for ADAS applications, and LiDAR products for robotics and other applications were approximately 330.3k units, 144.8k units, and 185.5k units, representing year-on-year increases of 204.1%, 49.7%, and 1,458.8%, respectively. The backlog of ADAS orders exceeded 9 million units.

Texhong Textile Group (00321) issued a positive profit alert, expecting consolidated profit attributable to owners for the year ended March 31, 2026, to increase by approximately 30% to 40% compared to the previous year. The expected increase is primarily due to improved profit margins in the textile and garment business resulting from enhanced cost management measures during the year, and a turnaround to profitability for the retail and distribution business driven by optimized physical retail network operations and increased contributions from e-commerce.

InnoCare Pharma (09969) announced that orelabrutinib (HIBRUKA®) has been approved by the Australian Therapeutic Goods Administration (TGA) for the treatment of adult patients with relapsed or refractory mantle cell lymphoma (r/r MCL).

DALIPU Holdings (01921) announced that its wholly-owned subsidiary, Dalipu Petroleum Special Pipe Co., Ltd., recently won a bid in the China National Petroleum Corporation (CNPC) 2026 procurement tender. The awarded products include American Petroleum Institute (API) standard oil well pipe series products and CNPC's PC-I special threaded pipes for oil and gas wells. The awarded quantity reached approximately 270,000 tons, representing an increase of about 64% compared to the 2025 awarded quantity.

Kuaishou Technology (01024) released its Q1 2026 results. Total revenue for the quarter reached RMB 33.7 billion, with adjusted net profit at RMB 3.4 billion. Core commercial revenue, including online marketing services and other services primarily from e-commerce, increased by 10.7% year-on-year. In terms of users, the average daily active users and average monthly active users on the Kuaishou App reached 413 million and 772 million respectively in Q1, setting new historical highs.

Kingsoft (03888) announced its Q1 2026 results. For the three months ended March 31, 2026, the group achieved revenue of RMB 2.417 billion, a year-on-year increase of 3%. Profit attributable to owners of the parent was RMB 1.091 billion, a significant increase of 284% year-on-year. Basic earnings per share were RMB 0.79.

Damai Entertainment (01060) released its annual results for the year ended March 31, 2026. Revenue was approximately RMB 8.024 billion, a year-on-year increase of 20%. Net profit attributable to owners of the company was approximately RMB 705 million, surging 94% year-on-year. Basic earnings per share were 2.38 cents. During the reporting period, China's live entertainment market continued to thrive, with box office revenue for performances showing steady growth for three consecutive years.

Air China (00753) announced that the summary and related documents for its 2025 private placement of A-shares to specific investors have been filed and passed by the Shanghai Stock Exchange. The subscribers were China National Aviation Holding Co., Ltd. and China Aviation Capital Holding Co., Ltd. The issue price was RMB 6.57 per share, with 3,044,140,030 shares issued, raising a total of approximately RMB 20 billion. After deducting issuance costs, the net proceeds were approximately RMB 19.99 billion. The company will proceed with the registration and custody procedures for the new shares promptly. Analysts note that with the easing of tensions in the Middle East leading to a rapid pullback in oil prices, airline stocks are experiencing a cyclical reversal.