-- Willfar Information Technology (SHA:688100), a 59.55%-owned subsidiary of Wasion Holdings (HKG:3393), reported 148.3 million yuan in attributable profit for the first quarter of 2026, up 6.4% from 139.4 million yuan a year earlier, according to a Hong Kong bourse filing Wednesday.
Revenue fell 4.2% year on year to 531.9 million yuan, figures showed.
Crude oil prices jumped on Wednesday, with Brent crude reaching a one-month high, amid reports that the U.S. plans to extend its blockade of Iranian ports.Brent crude at last look surged 3.2% to US$114.76/barrel and West Texas Intermediate crude climbed 3.5% to $103.40/barrel. U.S. President Donald Trump has instructed aides to prepare for an extended blockade, Reuters said in a Wednesday report, citing The Wall Street Journal.The move will prolong supply disruptions in the Middle East despite a ceasefire in the war with Iran, as talks to end the war have stalled, the report said."The recent rise in oil prices has been driven by the Strait blockade. If Trump is prepared to extend the blockade, supply disruptions would worsen further and continue to push oil prices higher," Reuters quoted Yang An, an analyst at Haitong Futures, as saying.Investors are also digesting market impacts of the United Arab Emirates' announcement to leave the Organization of the Petroleum Exporting Countries, according to the report. However, analysts do not see major near-term impacts so far."The United Arab Emirates' exit from OPEC+ formalises the organisations weaker cohesion, but the near-term impact is limited," Reuters quoted an ANZ Research note as saying. "The move reflects long-standing quota tensions, but prices are still being driven more by geopolitics, inventories and logistics than by institutional changes."
Regency Ceramics' (NSE:REGENCERAM, BOM:515018) executive chairman and promoter, G N Naidu, passed away on Wednesday, according to a same-day filing to the Indian stock exchanges.The company's shares were down over 1% in recent trade.
Nanjing Panda Electronics (HKG:0553) narrowed its attributable loss to 13.3 million yuan in the first quarter from 35.3 million yuan a year prior, according to a Wednesday Hong Kong bourse filing.Loss per share stood at 0.0146 yuan, compared with 0.0386 yuan in the corresponding period of the previous fiscal year.The Chinese electronic equipment maker's operating income jumped 47% to 594.6 million yuan from 405.7 million yuan in the year-ago period.The narrower loss and higher operating income was mainly due to a higher number of orders from new clients in the firm's electronics manufacturing and telecom business wings.