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Data

-National Bureau of Statistics data: in August, PMI, non-manufacturing business activity index, and the composite PMI output index was 49.4%, 50.3% and 50.5%,respectively, an increase of 0.1, 0.2 and 0.3 percentage points m/m. All three major indices have rebounded, and the overall level of China’s economic prosperity continues to expand.

-HKEX data shows that JPMorgan, Citigroup, and Morgan Stanley recently increased holdings of CATL、ZTE、WUXI APPTEC.

Co’s focus

-ALIBABA announced that the revenue for the first quarter of fiscal year 2026was CNY 247.652bn, up 2% y/y; net income was CNY 43.116bn, up 78% y/y.

-Huawei Investment Holdings Co., Ltd. Announced that the revenue in the first half of the year reached CNY 427.039bn, vs 410.823bn in the same period last year; net income reached CNY 37.195bn, vs 54.865bn in the same period of last year.

Aug 29 Block Trade Info

*Discount

-Hygon Info (688041 CH) saw 4 block trades worth 280.11mn at 186.74yuan per share, 4.00pct discount from last closing.

-JPT Opto-Electronics (688025 CH) saw 1 block trades worth 116.67mn at 122.81yuan per share, 7.70pct discount from last closing.

-Kuang-Chi Tech (002625 CH) saw 3 block trades worth 312.04mn at 52.71yuan per share, 3.00pct discount from last closing.

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