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SHE:000725

6 stories mentioning SHE:000725

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Asia

BOE Criticizes Inclusion on Pentagon's List of 'Chinese Military Companies'

BOE Technology Group (SHE:000725, SHE:200725) denied contributing to China's military after being included in the U.S. Defense Department's list of "Chinese military companies", according to a Shenzhen bourse filing on Friday.The electronics components producer said the inclusion in the list has no valid basis because it is neither "a Chinese military company nor a military-civil fusion contributor to the Chinese defense industrial base."

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Asia

Chinese Shares Down Amid Widening Inflation Split; BOE Technology Falls 7%

Chinese shares were down on Wednesday as the country's inflation split widened, with producer prices outpacing consumer prices.The Shanghai Composite Index, the main gauge of Chinese stocks, slid 0.4% to 3,993.23. The Shenzhen Component Index plunged 2.1% to 14,954.10.China's annual producer inflation accelerated to 3.9% in May. This was in line with the consensus forecast, but faster than the 2.8% recorded in April.In contrast, annual consumer inflation stalled, remaining steady at 1.2%. This was lower than the consensus forecast of 1.3% and unchanged from the pace recorded in April.Core inflation, which excludes volatile food and energy prices, rose 1.1% year over year, easing from 1.2% in April.The widening gap between producer and consumer prices suggests manufacturers' ongoing difficulties in passing higher input costs downstream and thus suffering from margin compression, Bloomberg News cited Serena Zhou, senior China economist at Mizuho Securities.In company news, BOE Technology (SHE:000725) controlling subsidiary BOE Energy Technology plans to terminate its application for a public issuance of shares and listing on the Beijing Stock Exchange. Shares of the electronics components producer closed 7% lower Wednesday.

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Asia

BOE Technology Controlling Unit to Withdraw Beijing Listing Application; Shares Fall 8%

BOE Technology (SHE:000725) controlling subsidiary Energy Technology plans to terminate its application for a public issuance of shares and listing on the Beijing Stock ExchangeEnergy Technology cited adjustments to its development strategy and actual operational needs for the move, according to a Wednesday filing with the Shenzhen bourse.The withdrawal is subject to the approval of the subsidiary's shareholders.Shares of the electronics components producer were down nearly 8% in recent trade.

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Asia

BOE Tech Signs Memorandum of Cooperation With Corning for Substrate Products Development; Shares Jump 10%

BOE Technology Group (SHE:000725, SHE:200725) signed a memorandum of cooperation with U.S.-based Corning Incorporated for the development of substrates and other related products, according to a Shenzhen bourse filing on Thursday.The products will include glass-based packaging substrates, foldable glass, perovskite glass substrates and optical interconnect-related applications.The memorandum is valid within three years.The Chinese electronics components producer's A shares jumped 10%, while B shares climbed 7% during the morning trade.

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Asia

BOE Varitronix Enters Three-Year Framework Tenancy Contract

BOE Varitronix (HKG:0710) entered into a framework tenancy agreement with BOE Technology Group's (SHE:000725, SHE:200725) for various properties owned by the latter, according to a Monday Hong Kong bourse filing.The term of the contract began May 1, 2026, and will end April 30, 2029, the liquid crystal display manufacturer said.The parties will enter individual tenancy and property service agreements containing details related to the tenancy of specific premises.BOE Technology Group's unit BOE Technology (HK) is BOE Varitronix's substantial shareholder.

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Asia

BOE Tech's Q1 Profit Rises 6%

BOE Technology Group's (SHE:000725, SHE:200725) net profit attributable to shareholders in the first quarter rose 5.8% to 1.71 billion yuan from 1.61 billion yuan a year earlier, according to a Shenzhen bourse filing on Thursday.Earnings per share jumped 25% year on year to 0.05 yuan from 0.04 yuan.Operating revenue increased 1% to around 51 billion yuan from 50.6 billion yuan in the previous year.The Chinese electronics components producer's A and B shares both fell around 2% at the close.

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