-- Ningbo Orient Wires & Cables' (SHA:603606) net profit attributable to shareholders in the first quarter jumped 32% year on year to 371.5 million yuan, or 0.54 yuan per share, according to a Shanghai bourse filing on Wednesday.
The attributable profit a year earlier was 280.9 million yuan, or 0.41 yuan per share.
Operating revenue climbed 34% to 2.88 billion yuan from 2.15 billion yuan in the prior year.
The Chinese wire and cable producer's shares surged 10% in the morning trade.
Canadian retail sales for the month of February and the preliminary estimate for March will be released on Friday, said Scotiabank.Statistics Canada had previously indicated that February's nominal sales were tracking a gain of almost 1% month-over-month seasonally adjusted. That may be revised, which isn't uncommon, and required details like volumes versus prices and sector breakdowns will be offered, noted the bank.March is a bit of a wildcard and only the headline preliminary estimate will be offered, stated Scotiabank.Q1 is tracking the fastest growth in retail sales volumes since H2 2024, pointed out the bank. That's based on the Q4 average, the surge in January and Scotiabank's estimate of the volume portion of the preliminary guidance for February's sales, while holding March unchanged to focus the math on what is known.Investors will learn more this week, but this measure correlates very strongly with goods spending by consumers within the gross domestic product accounts.
Nanya Technology (TPE:2408) acquired factory equipment worth NT$365.1 million for production purposes.The equipment was purchased from Nan Ya Photonics, a related party, between December 2025 and April 2026, according to a Wednesday Taiwan Exchange filing.The purchase will support the company's operational and manufacturing needs, itthe company said.
LG AI Research Institute and Nvidia agreed to expand their collaboration to develop new AI models, LG Corp. (KRX:003550) said in a press release on Wednesday.The two entities plan to develop domain-specific AI solutions, which would involve combining LG's AI model ExaONE with Nvidia's Nemotron AI ecosystem, the release said.Shares of LG Corp. rose nearly 1% at market close.