FINWIRES · TerminalLIVE
FINWIRES

Zhaowei Machinery & Electronics' Q1 2026 Profit Falls 25%; Hong Kong Shares Fall 6.5%

By

-- Shenzhen Zhaowei Machinery & Electronics (HKG:2692; SHE:003021) booked 41 million yuan in attributable profit for the first quarter of 2026, down 25% from 54.7 million yuan in the year-ago period, according to a Hong Kong bourse filing Tuesday.

Earnings per share fell to 0.17 yuan from 0.23 yuan in the prior year.

Revenue fell 2.7% year on year to 357.5 million yuan, figures showed.

The Chinese micro-drive systems maker's Hong Kong shares fell 6.5%, while Shenzhen shares declined more than 5% during Tuesday's morning trade.

Related Articles

Asia

Vala Enters Model Development Agreement With SAIC Motor Unit

Vala (HKG:2051) entered a model development agreement with a SAIC Motor (SHA:600104) unit to jointly develop a vehicle based on the latter's Dana model, the firm said in a Hong Kong bourse filing Monday.The credit card management firm's shares fell by more than 1% in Hong Kong, while SAIC shares slipped almost 1% in Shanghai in early afternoon trade Tuesday.Under the partnership, both sides will work to develop two versions of the vala house model: an all-electric version and an extended-range version.Vala will be primarily responsible for designing model customization schemes and developing relevant specialized components, while SAIC Maxus RV Technology will be primarily responsible for vehicle technical verification and manufacturing.

$HKG:2051$SHA:600104
Asia

HMA Agro Industries to Sell Entire Stake in Two Wholly-Owned Subsidiaries

HMA Agro Industries (NSE:HMAAGRO, BOM:543929) has agreed to sell its entire stake in its non-operational wholly-owned subsidiaries, FNS Agro Foods and Laal Agro Food, to individual buyers, according to a Tuesday filing to the Indian stock exchanges.The company will sell its entire stakeholding in FNS Agro Foods, comprising 895,593 equity shares of face value of 10 rupees each, and 9,999 equity shares of face value of 10 rupees each of Laal Agro Food.Both transactions are expected to be completed by May 30, after which the two arms will no longer be subsidiaries of the company.

$BOM:543929$NSE:HMAAGRO
Asia

H2G Green's Unit Commissions LNG Facility; Shares Zoom 17%

H2G Green's (SGX:5AI) subsidiary, GasHubUnited Utility, commissioned a major liquefied natural gas facility in Singapore, according to a Monday filing with the Singapore Exchange.Shares of the energy solutions company surged nearly 17% in Tuesday trading.The contract was secured from a large-scale laundry provider which operates over 12,000 square meters of production across three plants.The unit will design, construct and commission the facility to support the laundry provider's thermal energy needs.

$SGX:5AI
Zhaowei Machinery & Electronics' Q1 2026 Profit Falls 25%; Hong Kong Shares Fall 6.5% | FINWIRES