-- Aker Solutions (AKSO.OL) secured a deal to develop non-nuclear parts of framed modules for Rolls-Royce (RR.L) unit Rolls-Royce SMR, according to a Wednesday release.
Under a memorandum of understanding, the Norwegian energy-focused engineering group will work with Rolls-Royce SMR to define the design and scope, and modularization approach for customer projects in the UK and other countries, with an initial focus on the UK and the Czech Republic.
LONGi Green Energy Technology (SHA:601012) logged a wider attributable loss in the first quarter, extending losses from 2025, despite higher module prices failing to offset the effects of exchange rate fluctuations.The solar wafer manufacturer's attributable loss widened by 34% to 1.92 billion yuan from 1.43 billion yuan in the year-ago period, according to a Wednesday filing with the Shanghai bourse.LONGi recorded a loss per share of 0.25 yuan, wider than the 0.19 yuan recorded in the prior-year period.Operating revenue declined 18% year-over-year to 11.2 billion yuan from 13.7 billion yuan.The company incurred exchange rate losses of 247.6 million yuan during the period compared with gains of 271.9 million yuan in the prior-year period due to rate fluctuations.The decline came despite a 15% to 20% rise in solar module prices in line with price increases of silver, Bloomberg reported separately the same day, citing its data.Exports of solar cells from China increased 38% year over year in the first quarter, even soaring 80% following the war in Iran.LONGi was among the Chinese solar wafer manufacturers that raised prices in Japan to cover higher material costs and government support cuts.Silicon wafer shipments reached 20.5 gigawatts, with 7.64 gigawatts sold externally.Module shipments reached 12.6 gigawatts.Total operating costs shrank to 13.4 billion yuan from 15.6 billion yuan a year prior.Attributable loss in 2025 narrowed to 6.42 billion yuan in 2025 from 8.59 billion yuan, after adjustments.
Bank of Communications (HKG:3328, SHA:601328) posted net profit attributable to shareholders of 26.2 billion yuan for the first quarter, up 3.1% from 25.4 billion yuan a year earlier, according to a Wednesday Hong Kong bourse filing.Earnings per share climbed to 0.30 yuan from 0.34 yuan a year earlier.Net interest income rose 7.2% to 45.7 billion yuan from 66.4 billion yuan in the prior-year period.
Agricultural Bank of China (HKG:1288, SHA:601288) recorded a 4.5% rise in its first quarter 2026 attributable profit to 75.19 billion yuan from 71.9 billion yuan a year earlier, the bank said in a Hong Kong bourse filing Wednesday.Earnings per share were 0.20 yuan, compared with 0.19 yuan in the prior year period.Operating income rose 11% year on year to 206.35 billion yuan, figures showed.