SHE:300394

5 stories mentioning SHE:300394Updated just now

Every FINWIRES story that references SHE:300394, newest first.

China Stocks Close Lower Amid Oil Price Declines

Chinese stocks closed lower on Thursday amid a decline in oil prices and the country's central bank stopping short of signaling reductions in policy rates.The Shanghai Composite Index, the main gauge of Chinese stocks, slipped 0.5% or by 19.71 points to 3,926.96. The Shenzhen Component Index fell 0.9% or by 124.99 points to 14,289.44.Brent crude prices so far slipped by around 1%. The decline comes as investors are looking at weaker global demand this year, Reuters reported Thursday.Meanwhile, the People's Bank of China said it will increase financial support across key areas by growing domestic demand, expanding technological innovation, and supporting micro and small enterprises.Optical communications and tech companies also closed stronger on Thursday following strong forecasts from U.S. artificial intelligence firms.Suzhou TFC Optical Communication (SHE:300394) closed 7% higher, while Jiangsu Shemar Electric (SHA:603530) shares closed 4% lower despite a 34% rise in first-half net attributable profit.

Shanghai Composite^SZSESHA:603530SHE:300394

Asia24d ago

Suzhou TFC Optical Communication Expects Up to 45% Rise in H1 Profit

Suzhou TFC Optical Communication (SHE:300394) forecasted first-half attributable net profit of between 1.12 billion yuan and 1.30 billion yuan, compared with 899.2 million yuan the previous year.The 25% to 45% rise is attributed to artificial intelligence infrastructure and data center expansion, according to a weekend filing with the Shenzhen bourse.Shares of the fiber optic component manufacturer rose 2% in recent trade.

SHE:300394

Asia43d ago

TFC Optical Communication Unit Completes Singapore Joint Venture Setup

Suzhou TFC Optical Communication Co (SHE:300394) said its subsidiary Singapore TFC has completed the incorporation of SuperX Optical Communications, a joint venture with SuperX and Apex Verve.The joint venture has a registered capital of SG$2 million, with Singapore TFC contributing SG$700,000 for a 35% stake. SuperX holds 45%, and Apex Verve holds 20%, according to a Tuesday filing with the Shenzhen bourse.Shares of the fiber optic component manufacturer declined nearly 5% in recent trade.

SHE:300394

Asia43d ago

Suzhou TFC Optical Communication's Singapore JV Receives Registration Certificate; Shares Fall 4%

Authorities in Singapore received the registration certificate filed by SuperXOptical Communication, the joint venture set up by Suzhou TFC Optical Communication's (SHE:300394) subsidiary TFC Technology (SG), according to a Tuesday after-market filing with the Shenzhen bourse.TFC Technology (SG) invested SG$700,000, equivalent to a 35% stake, while SuperX invested SG$900,000, equivalent to 45%, and ApexVerve invested SG$400,000, or 20%.Shares fell 4% during morning trading on Wednesday.

SHE:300394

Asia114d ago

TFC Optical Communication's Q1 Profit Jumps 46%, Revenue Climbs 41%; Shares Down 7%

Suzhou TFC Optical Communication's (SHE:300394) net profit attributable to shareholders in the first quarter jumped 46% year on year to 492.2 million yuan, or 0.63 yuan per share, according to a Tuesday disclosure on the Shenzhen bourse.The attributable profit a year earlier was 337.6 million yuan, or 0.43 yuan per share.Operating revenue climbed 41% to 1.33 billion yuan from 944.6 million yuan in the prior year.The Chinese fiber optic component manufacturer's shares dropped 7% during the morning trade.

SHE:300394

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