Several major Hong Kong-listed Chinese companies released interim results: China Life net profit CNY 134.489bn (+228.6% y/y), Tian Qi Lithium net profit CNY 42.36bn (+4788.84% y/y), and Bilibili net profit CNY 541m (+160.65% y/y), among others.
Profits across insurance, lithium, and consumer internet all jumped sharply from a year ago, suggesting a broad earnings recovery among large Hong Kong-listed Chinese firms. China Life's result is the headline for 00656.HK specifically, with its profit more than tripling year-on-year.