-- Hwatsing Technology (SHA:688120) decided to terminate plans to issue and list shares on the Hong Kong Stock Exchange, according to a Thursday disclosure on the Shanghai bourse.
The decision was made after considering the external macroeconomic environment, capital market conditions and the Chinese semiconductor equipment manufacturer's development plans.
The company's shares dropped 3% at the opening of the trade.
Downer EDI (ASX:DOW, NZE:DOW) received a "BBB" rating on its AU$400 million in 6.488% senior unsecured notes due April 2033, according to a Friday note from the credit ratings agency.Fitch said the key rating drivers include Downer's limited exposure to Middle-East conflict-driven cost pressure, restored free cash flow generation, and its expectation that the company's margin recovery will continue, among other drivers.The key rating-case assumptions include Fitch-defined revenue falling by around 5% in fiscal 2026 following the sale of non-core businesses, before rising by an average of 3% a year from fiscal 2027 to fiscal 2029.Downer EDI's Australian shares fell 1% in recent Friday trade.
Shennan Circuit's (SHE:002916) net profit attributable to shareholders in the first quarter jumped 73% to 850.2 million yuan from 491.4 million yuan a year earlier, according to a Shenzhen bourse filing on Friday.Earnings per share climbed 32% year on year to 1.27 yuan from 0.96 yuan.Operating revenue increased 38% to 6.60 billion yuan from 4.78 billion yuan in the previous year.The printed circuit board manufacturer's shares fell over 1% in late-morning trade Friday.
SPIC Industry-Finance's (SHE:000958) net profit attributable to shareholders in 2025 slipped 0.7% year on year to 3.29 billion yuan, or 0.2541 yuan per share, according to a Shenzhen bourse filing on Friday.The attributable profit a year earlier was 3.32 billion yuan, or 0.2558 yuan per share.Total operating revenue rose 1.9% to 12.5 billion yuan from 12.2 billion yuan in the previous year.The Chinese heat and electricity supply services provider's shares fell over 3% during the morning trade.