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Hong Kong company reporting season

Hong Kong company reporting season
Late July is reporting season for Hong Kong's publicly traded companies. This is the time when investors, analysts and traders scrutinise balance sheets and profts of companies to make decisions on whether to invest or sell up. The information delivered in these reports can often herald a significant shift in shares for listed companies
Alibaba has positioned AI and cloud computing as its primary growth engines. Photo: AP
Alibaba

Alibaba targets US$100b in annual cloud, AI revenue despite results miss

T-Head, mentioned for the first time in the company’s earnings, has shipped more than 470,000 AI chips as of February.

Artificial intelligence

Tencent and Alibaba quarterly earnings preview: key things to watch

Artificial intelligence

Hong Kong-listed AI firm MiniMax’s revenue jumps 159% on strong demand

Hong Kong property

SHKP, Hong Kong’s bellwether developer, posts 36% jump in first-half net profit

The company plans to launch many new residential projects over the next 10 months, including the second phase of Cullinan Harbour in Kai Tak.

Sun Hung Kai Properties’ Sierra Sea residential development in Sai Sha. Photo: Edmond So
Banking & finance

HSBC to boost spending in Hong Kong, other high-growth markets to US$1.8 billion

HSBC reported a 7 per cent profit drop, but shares rose on its CEO’s comments on higher return goals, steady dividends and new growth plans.

Banking & finance

Standard Chartered’s 2025 profit jumps 16% buoyed by wealth management growth

The London-based bank’s underlying pre-tax profit stood at US$7.9 billion last year, versus a gain of US$6.8 billion in 2024.

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Meituan

Meituan warns of US$3.5 billion loss amid intense food delivery price war

Food delivery giant expects losses to continue into at least the first quarter of 2026 ‘due to ongoing competition’.

A Meituan drone for food delivery takes off from a drone delivery camp near Shenzhen Bay Park. Photo: VCG/VCG via Getty Images
Banking & finance

China’s property woes likely to hurt some Hong Kong banks’ 2025 earnings: Citi

Bank of China (Hong Kong) and Bank of East Asia could be affected the most as they have the highest exposure to China’s property sector.

Alibaba

Alibaba to lead AI capital spending among Chinese firms amid strong demand

The group’s intention to boost AI-related capital outlay reflects its aim to spearhead China’s efforts in the race for global AI leadership.

Hong Kong economy

Opinion | Why this is not just another retail downturn for Hong Kong

When even Link Reit, the city’s largest retail landlord, is cutting dividends, the downturn looks less like a dip than a shift.

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A mall in Tsim Sha Tsui on July 31. Photo: Jelly Tse
Consumers

Hong Kong beverage giant Vitasoy’s revenue dips 6% as mainland China sales slow

Maker of tea drinks and soy milk says consumption potential is strong despite intensifying competition in mainland China.

Vitasoy has posted a net profit of HK$172 million, representing a 1 per cent year-on-year increase. Photo: Winson Wong
Alibaba

Alibaba posts 5% rise in quarterly revenue on AI, cloud momentum

‘We have entered into an investment phase to build long-term strategic value in AI technologies and infrastructure,’ CEO Eddie Wu Yongming says.

Baidu

China’s Baidu posts 50% rise in AI revenue despite third-quarter slump

In spite of sluggish advertising, AI operations provide ‘a solid foundation for sustainable long-term growth’, Baidu CFO He Haijian says.

Mainland China

Geely’s third-quarter revenue and profit soar on surging EV sales on mainland

Carmaker posts a 27 per cent jump in revenue to 89 billion yuan (US$12.5 billion) and a 59 per cent increase in net profit to 3.8 billion yuan.

Geely’s EV sales jumped 98 per cent year on year in the first 10 months of the year, faster than most mainland rivals. Photo: Xinhua
Tencent

Tencent posts 19% jump in third-quarter profit on AI gains, beating estimates

Shenzhen-based tech giant, which has been doubling down on its AI efforts, sees more than a 20 per cent jump in research and development efficiency.

Tencent Holdings’ third-quarter revenue reached reached 192.9 billion yuan. Photo: Shutterstock
Banking & finance

HKEX rides rising turnover and IPOs to post record profit of US$628 million

Third-quarter profit jumps 56 per cent from a year earlier to HK$4.9 billion (US$628 million), beating analysts’ estimate of HK$4.7 billion.

China property

Developer China Vanke reports US$2.3 billion loss amid sales slowdown

Persistent property-market weakness ratchets up pressure on the developer despite increased support from its largest state-owned shareholder.

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BYD

BYD’s quarterly profit falls as weak China sales erode exports growth

Profit fell to US$1.1 billion in the September quarter amid slowing sales and price cuts in BYD’s home market.

BYD’s robust sales abroad were not enough to offset its weak domestic performance in the third quarter. Photo: Reuters
Standard Chartered Bank

Standard Chartered’s profit rises on trade loans, wealth management

Net profit rose to US$1.03 billion, or 44.5 US cents per share, in the quarter that ended in September, the London-based bank said in a filing.

Banking & finance

HSBC’s third-quarter profit dips amid falling rates, property slump

Lender takes US$1 billion of expected credit losses, including US$200 million tied to commercial real estate in Hong Kong.

Electric & new energy vehicles

China’s EV makers face uphill task to meet 2025 break-even target

From Nio to Xpeng and Zeekr, China’s EV start-ups have been reporting smaller second-quarter losses as discounts lured more buyers to battery-driven cars.

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Nio’s EV workers inspected a vehicle chassis on an automated production line in eastern China’s Hefei city on January 17, 2025. Photo: Getty Images
China’s private sector

Burial blues: China’s funeral giant posts first loss in over a decade

The 31-year-old company attributes its US$36 million first-half net loss to weak demand.

Families visit Beijing’s Chaoyang cemetery. Photo: EPA-EFE
Alibaba

Alibaba sees strong consumer mindshare in instant commerce push

Alibaba also expects its cloud computing business to remain on an upwards trajectory in the coming quarters, CEO Eddie Wu says.

Banking & finance

Profitability pressure grows for China’s state banks amid low rates

All six state banks, including ICBC and China Construction Bank, report lower margins alongside small reductions in bad loans.

Huawei

Huawei’s first-half profit drops 32% as tech giant ploughs more money into R&D

Huawei did not offer an explanation for the profit decline, but said its first half expenditure for R&D rose 9 per cent.

The Huawei booth at the World Artificial Intelligence Conference in Shanghai, July 26, 2025. Photo: Reuters
Alibaba

Alibaba confident of winning instant commerce war as quarterly profit rises

Taobao Shangou reached a peak of 120 million daily orders, as instant commerce monthly active users climbed to 300 million.

Alibaba’s logo seen outside one of its offices in Shenzhen. Photo: Shutterstock
Insurance

FWD profit jumps 15 times on sales spike, lower costs after Hong Kong IPO

Premiums from new life policies jumped 38 per cent to US$1.25 billion in the first half, while expenses dropped US$65 million.

Hong Kong property

Sino Land profit falls due to lower rental income, falling occupancies

At the end of June, Sino Land had a land bank of about 18.9 million square feet of attributable floor area.

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