FINWIRES · TerminalLIVE
FINWIRES

Strong Industrial Profit Data Boosts Chinese Shares; Moore Threads Technology Jumps 8%

By

-- Chinese shares rose on Monday as strong first-quarter industrial profit data boosted investor sentiment.

The Shanghai Composite Index, the main gauge of Chinese stocks, rose 0.2% to 4,086.34. The Shenzhen Component Index climbed 0.4% to 14,995.75.

The total profits of China's industrial enterprises in the first quarter jumped 15.5% year on year to 1.696 trillion yuan.

Profits in the mining industry rose 16.2% from a year earlier to 256.33 billion yuan, while that of the manufacturing industry climbed 19.1% to 1.238 billion yuan. The utilities industry's profits slipped 3.2% year on year to 201.3 billion yuan.

The profits of the technology industry and the non-ferrous metal industry both rose 1.2 times.

In company news, Moore Threads Technology (SHA:688795) swung to an attributable net profit of 29.4 billion yuan in the first quarter of 2026 from a net loss of 112.5 million yuan a year prior. Shares of the graphics processing unit manufacturer closed 8% higher Monday.

Related Articles

Australia

UBS Raises Steven Madden Price Target to $40 From $38, Maintains Neutral Rating

Steven Madden (SHOO) has an average rating of overweight and mean price target of $43.78, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $38.50, Change: $-0.07, Percent Change: -0.18%

$SHOO
Australia

Market Chatter: Citigroup Plans Senior Hires for Japan, China Investment Banking Teams

Citigroup (C) plans to strengthen its investment banking divisions in Japan and China by recruiting upper-level executives to capture additional buyout opportunities, Reuters reported Monday, citing the firm's regional division head, Kaustubh Kulkarni.Management intends to recruit experienced professionals in Japan to cover specific industries like technology and telecommunications to address increased corporate appetite for strategic restructuring, the report said.The company is simultaneously seeking personnel in China to focus on bringing in investment bankers who can cover "new-age" and "high-growth companies", Reuters quoted the executive as saying.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $127.88, Change: $-0.10, Percent Change: -0.08%

$C
Mining & Metals

Globex Mining Provides High-Grade Antimony Results from Bald Hill Property

Globex Mining Enterprises (GMX.TO) reported Monday high-grade antimony intersections provided by Antimony Resources (ATMY.CN) at the Bald Hill property in New Brunswick.Drill hole BH-25-34 returned antimony assays of 9.76% Antimony over 3.15 meters (m), which extends the Main Zone both to the north and to depth.A total of 12,500 m of drilling is expected to be completed by the end of April. A total of 25,000 m has been drilled on the Bald Hill Main Zone and a 11,000-m drill program is planned to commence in mid-May, Globex said.The Bald Hill property is under option from Globex.Price: $2.32, Change: $-0.02, Percent Change: -0.85%

$ATMY.CN$GMX.TO