Yum China Reports 14% Operating Profit Growth in Q2, Reaching $348 Million

Major Developments

HSBC Holdings PLC (00885.HK) subsidiary HSBC Australia is set to sell its A$36 billion Australian home and personal loan portfolio to Blackstone.

Geek+ Technology Co Ltd (02590.HK) confirms all autonomous mobile robot models currently sold in the US have valid FCC certification and are therefore not subject to relevant restrictions.

Yangtze Optical Fibre and Cable Co Ltd (06869.HK) plans to spend RMB 12 million to acquire the remaining 25% stake in Yangtze Optical Fibre (Shanghai) Co Ltd.

Chifeng Jilong Gold Mining Co Ltd (06693.HK) reports an updated mineral resource estimate for the Sepon Copper-Gold Mine's SND project in Laos.

PharmaResources (Shanghai) Co Ltd (06821.HK) intends to inject RMB 1.05 billion into Shanghai PharmaResources Biotech Development Co Ltd.

Wharf Real Estate Investment Company Ltd (01997.HK) subsidiary plans to sell all issued shares of Everbilt Developers Pte Ltd for S$1.111 billion.

Kerry Properties Ltd (00683.HK) subsidiary has formed a joint venture to acquire, hold, and develop a land parcel in Shanghai.

Sunshine Guojian Pharmaceutical (Shanghai) Co Ltd (06887.HK) has received NMPA approval for its Degludec Insulin injection.

Financial Performance

Yum China Holdings Inc (09987.HK) reported Q2 results with operating profit up 14% year-on-year to $348 million.

Prada SpA (01913.HK) announced interim results with net revenue of approximately €3.048 billion, a 16% increase year-on-year.

Eastroc Beverage (Group) Co Ltd (09980.HK) posted interim results with net profit attributable to shareholders rising 20.72% to RMB 2.867 billion.

DIP Technologies Inc (01384.HK) saw interim revenue surge 115% year-on-year, driven by the DeepOS platform, and turned profitable in Q2.

PCCW Ltd (00008.HK) reported interim results with a loss attributable to shareholders of HK$276 million, narrowing by 38% year-on-year.

Sunwoda Electronic Co Ltd (06656.HK) issued a profit alert, expecting interim profit attributable to shareholders of approximately RMB 2.35 billion to RMB 2.45 billion, a year-on-year increase of about 190% to 210%.

Simcere Pharmaceutical Group Ltd (02096.HK) issued a profit alert, expecting first-half revenue of RMB 4.55 billion to RMB 4.61 billion, an increase of approximately 26.9% to 28.6% year-on-year.

Meitu Inc (01357.HK) expects interim adjusted net profit attributable to shareholders to increase by 36% to 40% year-on-year.

Black Sesame Technologies Inc (02533.HK) expects interim revenue of no less than RMB 458 million, representing a year-on-year increase of no less than 81.1%.