HSCEI Index Earning Revision (Apr): MEITUAN, HORIZON ROBOTICS, ALIBABA, CCB, ICBC, LI AUTO, CNOOC

Abstract: We analyzed the consensus earnings revisions of HSCEI component stocks for April 2026. The index's 2026E EPS rose 0.92% month on month to HK$807.9, up from HK$800.5 in March, with 26 stocks revised up and 16 revised down. Individual stock EPS revisions contributed HK$5.88 to index EPS changes over the month, against a 4.8% gain in the HSCEI index from 8,374 to 8,776. By absolute impact on index EPS, CNOOC (883 HK) was the largest positive contributor at +HK$2.4, followed by CCB (939 HK) at +HK$1.7 and ICBC (1398 HK) at +HK$0.78, while ALIBABA (9988 HK) was the largest detractor at -HK$0.71 and MEITUAN (3690 HK) detracted HK$0.65. By percentage EPS revision, MEITUAN led the upside at +1,487%, followed by LI AUTO at +7.80% and HORIZON ROBOTICS at +7.13%, while SHENZHOU INTERNATIONAL fell the most at -3.34%, with ALIBABA down -2.99% and XIAOMI down -2.32%.